1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Small businesses make less use of discounted cash flow (DCF) capital budgeting techniques than large businesses. This may reflec
Ira Lisetskai [31]

Answer:

The given statement is true.

Explanation:

The reason for why this statement is true is discussed below:

  • The discounted cash flow is also called as DCF which is very important to determine the value of a business because it tells about the impact of today's investment in the future cash flows.
  • It gives us information about the worth of share of a business as small business don't have that large scale arrangements or larger cash flows so the budgeting techniques of the DCF are less beneficial for the small scale business.  
8 0
4 years ago
Becky Fenton has 25/60/10 automobile insurance coverage. If two other people are awarded $30,000 each for injuries in an auto ac
STALIN [3.7K]

Answer:

$60,000

Explanation:

Based on the information given that we were told that she has automobile insurance coverage of 25/60/10 which therefore means that the MAXIMUM AMOUNT that the insurance company will pay is the amount of $25,000 per each individual which will as well include the maximum amount of $60,000 per accident for all the individual..

Therefore The amount of the judgment that the insurance cover is $60,000

8 0
3 years ago
Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month). Emp
Rudik [331]

Answer:

$10,570.80

Explanation:

The computation of the withheld during the year is shown below:

= Social security tax + medicare tax

where,

Social security tax is

= $128,400 × 6.2%

= $7,960.80

And, the medicare tax is

= $180,000 × 1.45%

= $2,610

So, the total withheld during the year is

= $7,960.80 + $2,610

= $10,570.80

We simply added the social security and medicare taxes so that the withheld could come

5 0
4 years ago
What are the best websites to upload your music for people to buy???
dem82 [27]

Answer:

TuneCore, Audiomack(for People to listen), Spotify, Google Play Music, and Apple Music...

Explanation:

6 0
3 years ago
A music download costs $1.00 for one song. $1.00 is an example of _____ .
Inga [223]
A retail price. Retail price meaning: <span>The entire </span>price<span> charged for a product sold to a person.</span>

6 0
4 years ago
Other questions:
  • Which of the following statements best describes cell protection when it is first activated?
    15·2 answers
  • Describe an example of a product that has highly elastic demand. Describe at least two factors that make this product's demand s
    6·2 answers
  • A b c d
    15·1 answer
  • If during 2011. the country of Sildavia recorded a GDP of $65 billion. interest paymentsof $15 billiorn imports of $13 billion.
    10·1 answer
  • If a firm produced a standard item with relatively stable demand, the smoothing constant alpha (reaction rate to differences) us
    5·1 answer
  • In the first two years of a new car's life, it loses:
    11·1 answer
  • Even though many bonds have deferred sinking funds, the sinking fund has the following effects on bondholders: I) provides extra
    15·1 answer
  • In the model of monopolistic competition, trade costs between countries cause A) marginal costs of exported goods to exceed the
    13·1 answer
  • A company needs to package 7,560 beads. A wooden container shaped like a rectangular prism can hold 180 beads. A plastic cylindr
    15·1 answer
  • Private saving equals ____; public saving equals ______; national saving equals ____. Group of answer choices 800; 200; 600 800;
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!