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Amanda [17]
2 years ago
13

the list price of a computer was $100,000. the sales tax on the computer was 5%. the delivery cost was $1,000. the cost to assem

ble the computer was $500. the equipment account should be debited for a total of ______.
Business
1 answer:
Snowcat [4.5K]2 years ago
8 0

The equipment account should be debited for a total of $106,500.

Using this formula

Equipment account=List price+(Sales tax × List Price)+ Delivery cost+ Assemble cost

Where:

List price=$100,000

Sales tax=5%

Delivery cost=$1,000

Assemble cost=$500

Let plug in the formula

Equipment account=$100,000+(5%×$100,000)+$1,000+$500

Equipment account$100,000+$5,000+$1,000+$500

Equipment account=$106,500

Inconclusion the equipment account should be debited for a total of $106,500.

Learn more here:

brainly.com/question/20346970

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If the Federal Reserve were to change from an expansionary to a contractionary monetary
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Answer:

B) systematic risk

Explanation:

Federal Reserve changes in monetary policies affect the entire securities market hence considered a Systematic risk. It is also known as the Non-diversifiable risk ; it cannot be diversified away unlike stock specific or industry specific risk(unsystematic ) which can be eliminated through diversification.

Systematic risk is unavoidable and may be difficult to predict. Other examples include increase in long term interest rates, recessions or wars. Additionally, Investors are only compensated for systematic risk and not for diversifiable risk.

6 0
3 years ago
Fiat borrowed $80,000 on October 1, 2019. Fiat will not make any payments until October 1, 2021, and at that time, Fiat will pay
natita [175]

Answer:

The answer is d. Interest payable of $2,500; interest expense of $2,000

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8 0
2 years ago
When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:
ss7ja [257]

Answer:

e. All of the above

Explanation:

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5 0
3 years ago
Flo enters into a contract with Global Shipping Ltd. to insure and ship a painting from France to the United States for a certai
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Answer:

b. Allow the parties to rescind the contract

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Flo enters into a contract with Global Shipping Ltd. to insure and ship a painting from France to the United States at a certain amount mentioned in the contract. However, Global Shipping Ltd. makes a mistake in calculating the costs. As a result, a contract price is equal to the amount that is $1,000 less than the true cost. Most likely, a court would allow the parties to rescind the contract.

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7 0
3 years ago
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vova2212 [387]

Answer:

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Explanation:

If everyone's investigation for a company or starting a company fails, costs classified into two broad categories besides you:

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6 0
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