Answer:
Explanation: The specific identification method of costing inventories is used when finding out the cost of the ending inventory.
This method is used to identify when an item is bought and sold and what items are remaining in the store and how to allocate the cost price of item bought at a particular point in time. This is mainly useful when cal calculating the ending inventory.
Answer:
The correct option is B,$198,000
Explanation:
The balance in allowance for uncollectible accounts was standing at $18,000 and it was decided to write-off $16,000 off the this existing balance,which implies that the balance left in the allowance for uncollectible account to set off against accounts receivable is $2,000($18,000-$16,000).
Invariably,the net realizable value of accounts receivable is $198,000($200,000- $2,000).
The correct option hence is B, $198,000
Good managers demonstrate commitment to ethical business practices with great leadership, authority, and responsibility.
Answer:
The balance in retained earnings will be $3,810
Explanation:
For computing the ending balance of the retained earning, first, we have to compute the net income
So, the net income would be equal to
= Service revenue + interest revenue - Salaries and wages expense - Travel expense
= $206 + $31 - $90 - $37
= $110
Now we can find out the ending balance of retained earnings. It is shown below:
= Beginning retained earning balance + net income - dividend paid
= $3,700 + $110 - $0
= $3,810
The questions to be answered before making a purchase are
the following;
<span>·
</span>What problems are most likely to happen? – an individual
should think of the problems that may arise based on his or her decisions
<span>·
</span>What could go wrong? – the individual should not
only be concerned with the purchase but what might happen after
<span>·
</span>What problems could be most damaging? – choices are
made available and to think about in order to think whether your choices could
cause problems or harm
