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grin007 [14]
3 years ago
11

Your company buys a computer system from IBM for $3 million and pays IBM $200,000 to install the computer system. The $3 million

is on credit and your company pays $100,000 of interest on the loan in the current year. The acquisition cost of the computer system at the end of the current year will be
Business
1 answer:
Effectus [21]3 years ago
3 0

Answer:

$3.2 million

Explanation:

Calculation to determine what The acquisition cost of the computer system at the end of the current year will be

Using this formula

Acquisition cost=Purchase price+ Installation cost

Let plug in the morning

Acquisition cost= $3 million +$200,000

Acquisition cost=$3.2 million

Therefore The acquisition cost of the computer system at the end of the current year will be $3.2 million

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The best and most correct answer among the choices provided by your question is the second choice.

The differences of their salaries is that t<span>he bassoonists earn a higher salary than the flutists.</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
3 0
3 years ago
Read 2 more answers
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answe
GaryK [48]

Answer:

Option 1 and 2

Explanation:

Complete Question

Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?

CHECK ALL THAT APPLY.

  1. High school athletes stop shopping there.
  2. The inventory of sports socks goes unsold.
  3. Publicity for the store declines.
  4. Profits decline because dress shoes cost less than sneakers

Solution

Sole Sister Shoe Store chooses to sell dress shoes over sneakers because  the customers of sneakers stopped shopping from the store. Sneakers are mainly purchased by the high school athletes over any other footwear. Now, they stopped shopping and hence  Sole Sister Shoe Store started selling dress shoes

Also, sports socks' inventory is unsold indicating the reduction in sale of sneakers and hence the Sole Sister Shoe Store started selling dress shoes

7 0
3 years ago
If it is approved by legislators in member countries, the United States-Mexico-Canada Agreement (USMCA) will replace the existin
Ann [662]

If the United States-Mexico-Canada Agreement eventually get approved by the legislators in member countries, it will replace the existing North American Free Trade Agreement.

<h3>What is the United States-Mexico-Canada Agreement?</h3>

The agreement is expected to bring a support of beneficial trade amont members which will lead to free markets, fairer trade, and robust economic growth in the continent.

Hence, the approval of the agreement will lead to replacement of the North American Free Trade Agreement that served almost the same purpose.

Read more about USMCA

<em>brainly.com/question/3700351</em>

4 0
2 years ago
The operating and maintenance expenses for a mining machine are expected to be $11,880 in the first year and increase by $864 pe
nalin [4]

Answer:

The answer is "\$16,441".

Explanation:

First-year operational and maintenance costs = \$11,880.

Operating and repair costs increase inwards=\$864 for the first year

N =15 years machine life

Interest I = 10\%annually combined

Please find the image file.

Its single payment sequence is now provided by:

Amount=(\text{15-year system quantity})\times (\frac{\text{Rate of interest}}{(1-(1+ \text{Rate of interest})- n))}

             = \$522,371.3236 \times (\frac{0.1}{(1-(1+0.1)-15)})\\\\

Uniform payment sequence =\$16441.2477 \approx\$16,441

5 0
3 years ago
The five elements of internal control include all of the following except risk assessment. control procedures. information and c
Paul [167]

Here, the five elements include all of the following except- None of these choices are correct

<h3><u>What are the five elements of internal control ?</u></h3>

Different internal control systems function with varying degrees of efficacy. A judgment on an internal control system's effectiveness is made after evaluating if each of the five components -

  • Control Environment-The tone of an institution is defined by the control environment created by the organization's management, which also has an impact on the individuals who work there.
  • Risk Assessment-Every entity must evaluate the many risks it confronts from both internal and external sources. Setting up objectives that are internally consistent and related at various levels is a prerequisite for risk assessment.
  • Control Activities-The rules and practices that guarantee management directions are followed are known as control activities. They aid in ensuring that the required steps are made to address risks preventing the entity from achieving its goals.
  • Information and Communication-Relevant information must be located, recorded, and disseminated in a way and at a pace that makes it possible for recipients to fulfill their duties. Effective communication must flow up, down, and throughout the company in a wide sense.
  • Monitoring-Regular management and supervision tasks, as well as other actions staff members do while carrying out their jobs, constitute ongoing monitoring, which evaluates the effectiveness of internal control system performance.

To know more about the concept of internal control, refer to: brainly.com/question/15318839

#SPJ4

8 0
2 years ago
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