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
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

You might be interested in
In an Apple market-product grid for its personal computer line, the professional segment of medium/large businesses seems willin
vaieri [72.5K]

Answer:

Marketing synergies

Explanation:

Marketing synergies refers to the combination of two or more marketing initiatives that produces an effect that is greater than the sum of the results of implementing each of them alone. Also, this helps to save money by combining the efforts. According to this, the answer is that this allows Apple to enjoy cost savings due to marketing synergies because the professional segment of medium/large businesses is interested in purchasing all of the items in the product line which allows to create synergies.

4 0
3 years ago
The potential benefits lost by taking a specific action when two or more alternative choices are available is known as a(n):____
AlekseyPX

Answer:

b. Alternative cost. 

Explanation:

Sunk cost is cost that has been incurred and cannot be recovered.

Out of pocket cost is a cost incurred out of an employees personal cash reserves for which he may be reimbursed for by his employers.

Differential cost is the cost of two different options.

Opportunity cost is the benefit lost when one alternative is chosen over other alternatives.

I hope my answer helps you.

3 0
3 years ago
The business owner used $25000 from their personal savings account to but common stock in their company. what would be the journ
irina1246 [14]

The accounting entry is to Credit Cash for 25000 and Debit Common Stock for 25,000

<h3 /><h3>What is journal entry?</h3>

Journal entry shows how a business financial transactions are being recorded.

Typically, when cash is withdrawn from a business or personal account, the accounting entry is to credit the cash account.

Hence, the accounting entry is to Credit Cash for 25,000 and Debit Common Stock for 25.000.

Learn more about journal entry here : brainly.com/question/14279491

#SPJ1

7 0
2 years ago
name some differences between the requirements and responsibilities between volunteer,intern, and paid jobs
DIA [1.3K]

Answer:

The major difference between job shadowing and an internship is that you perform more duties as an intern than as a job shadow participant. Interns are hired for temporary positions, and they can be paid or unpaid. When you have. a job you are bing paid and normally have more responsibilities.

8 0
2 years ago
Why might someone who is just starting out prefer a regular savings account to a CD?
iragen [17]
Cds are time deposits that you can close before the term ends but might pay early penalty for withdrawing early. Cds vary with the financial institution. I would say a savings account
6 0
3 years ago
Other questions:
  • The P Ltd acquires all issued capital of the S Ltd for a consideration of $1,000,000 cash and 800,000 shares each
    15·1 answer
  • What is the theory that tax cuts can raise supply called
    11·2 answers
  • A group of fifty homeschooling parents in New Jersey get together and form a nonprofit membership organization for the purpose o
    8·1 answer
  • Confirmatory value is an ingredient of the primary quality of
    11·2 answers
  • Brothern Corporation bases its predetermined overhead rate on the estimated machine- hours for the upcoming year. Data for the m
    10·1 answer
  • The price tag on a tennis ball in 1975 read $0.10, and the price tag on a tennis ball in 2005 read $1.00. The CPI in 1975 was 52
    13·1 answer
  • The following questions practice these skills:
    8·1 answer
  • On January 1, Year 1, Bell Corp. issued $340,000 of 10-year, 8 percent bonds at their face amount. Interest is payable on Decemb
    11·1 answer
  • The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Hasbro, Inc., a leadi
    15·1 answer
  • Can someone help me with this?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!