X circle company purchased a computer system black box, inc. With a list price of $100,000 plus 5% sales tax. The cost to deliver and install the computer was $10,000. The debit to equipment equals.

Answers

Answer 1

The debit to the equipment account should equal $115,000 for X Circle Company, which recently purchased a computer system black box.

What is the recognized cost of the equipment?

The costs that should be recognized for the purchase of new equipment (or asset) include all the costs that will bring the asset into use.

These costs include the purchase cost, delivery, and installation costs.

Data and Calculations:

Computer system black box = $100,000

5% sales tax = $5,000 ($100,000 x 5%)

Delivery and Installation costs = $10,000

Total cost of computer = $115,000 ($100,000 + $5,000 + $10,000)

Thus, the debit to the equipment account should equal $115,000.

Learn more about asset recognition at https://brainly.com/question/26048890


Related Questions

1do you think jack is an entrepreneur? motivate your answer.

Answers

Answer: I  think jack is an entrepreneur because he is allowing kids to  jumpstart their entrepreneurial journey. Kids can operate their own drink stands or marketplace locations, all while learning the basics of business and making money. jack helps kids know that they can always start young and be successful.

Explanation:

______ is selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits.

Answers

Answer:

Franchising is selling to a foreign organization the rights to use a brand name and operating know-how in return for a lump-sum payment and a share of the profits.

Explanation:

Factors that have contributed to heterogamy include a. higher college enrollments. b. geographical mobility. c. participation of women in the work force. d. all of the above please select the best answer from the choices provided a b c d

Answers

The factors that have changed to heterogamy include a higher college enrollments, geographical mobility, and participation of women in the work force.

Option D is correct.

What is heterogamy?

Heterogamy is defined as the marriage between people of  different characteristics.

These characteristics include different sociological backgrounds, educational levels and different races. Geographical mobility has aided Heterogamy in a beneficial way.

Interracial marriages are more common when people of different races meet as a result of travel.

Therefore, option D is correct.

Learn more about the heterogamy, refer to:

https://brainly.com/question/25626127

Answer:

The correct answer is D

Explanation:

Al of the above.

Because the government owns most of the urban land and uses it for fire, police, government buildings, parks, and roads, as well as holds zoning and tax violation rights over the rest, the government applies ____________ over urban land.

Answers

Based on the given scenario the government applies eminent domain over urban land.

What is eminent domain?

Eminent domain can be defined as the way in which government take over private property or private land  so as to turn those private property into public use.

Government can use eminent domain to collect a person or an individual property or land without the approval or consent of the owner of the property.

Inconclusion the government applies eminent domain over urban land.

Learn more about eminent domain here:https://brainly.com/question/4281421

Which living expense needs to be included in the budget of someone renting an apartment?.

Answers

Answer:

insurance

Explanation:

a living expense that should be included in the budget when someone is going to rent an apartment should be the insurance

hope this helps

How many times has an inverted yield curve predicted a recession.

Answers

Answer:

[tex]says 10 - and - 2 \: yield \: curve \: has \: inverted \: 28 \: times [/tex]

The ethics enforcement process includes initial screening of complaints by the.

Answers

The ethics enforcement process simply have to do with the initial screening of complaints by the Grievance Committee.

What is ethics?

It should be noted that ethics simply means the ability to distinguish right from wrong.

In this case, the ethics enforcement process simply have to do with the initial screening of complaints by the Grievance Committee.

Learn more about ethics on:

https://brainly.com/question/13969108

match each educational qualification with its description
certification a on the job training experience
apprenticeship general two-year college degree
doctoral degree four-year college degree
bachelors degree advanced, specialized degree earned after masters
associates degree an endorsement from a professional,
nongovernment organizations

Answers

The educational qualifications and their descriptions are:

Certification - general two-year college degree.Apprenticeship - a on the job training experience.Doctoral degree -  advanced, specialized degree earned after masters.Bachelors degree -  four-year college degree.Associate degree -  an endorsement from a professional, nongovernment organizations.

What are some educational qualifications?

A certificate involved going to college or an institution of higher learning for two years. An apprenticeship doesn't involve going to school, but gaining experience from working.

A bachelors degree is a four year qualification that is gained from college and a doctoral degree can only acquired after one gets a masters.

Find out more on associate degrees at https://brainly.com/question/1553576.

The accounting firm of johnson and johnson has decided to design a nonstatistical sample to examine the accounts receivable balance of francisco fragrances, inc. , at october 31. as of october 31, there were 1,500 accounts receivable accounts with a balance of $5. 5 million. the accounts receivable population can be segregated into the following strata:

number and size

of accounts

book value

of stratum

10 accounts >

$ 50,000

$ 750,000

440 accounts >

$ 5,000

3,000,000

1,050 accounts <

$ 5,000

1,750,000

jonathan l. gren, senior-in-charge of the audit, has made the following decisions:_______.

1. based on the results of the tests of controls and risk assessment procedures, a low assessment is made for the risk of material misstatement. 2. the desired confidence level is moderate. 3. the tolerable misstatement allocated to accounts receivable is $155,000, and the expected misstatement is $55,000. 4. all the balances greater than $50,000 will be auditedrequired-using the nonstatistical sampling formula included in the textbook, compute the suggested sample size for this test using table 9-5. gren confirmed the accounts receivable accounts selected and noted the following results (round your answer to the nearest dollar amount. omit the "$" sign in your response. ):stratumbook value of stratumbook value of sampleaudit value of sampleamount of overstatement>$

50,000$ 750,000$ 750,000$ 746,500$ 3,500>$5,0003,000,000910,000894,75015,250>$5,0001,750,00070,00068,4501,550using ratio projection, what is the total projected misstatement? what conclusion should gren make concerning the accounts receivable balance?

Answers

The total projected misstatement of the firm is $92225 and it can be concluded that projected misstatement is more than the expected misstatement.

How to calculate the projected misstatement?

The total projected misstatement will be calculated thus:

= $3500 + ($15250/$910000 × 3000000) + (1550/70000 × 1750000

= $3500 + $50275 + $38750

= $92225

The projected misstatement is more than the expected misstatement. Therefore, there is an unacceptable risk that the true misstatement is more than the tolerable misstatement.

Learn more about firms on:

https://brainly.com/question/25491204

________ are amounts owed to suppliers for products or services purchased on credit.

Answers

*Accounts payable* are amounts owed to suppliers for products or services purchased on credit

in the hvacr trade tubing is joined together by what?

Answers

Answer:

Copper tubing is joined using flare connection, compression connection, pressed connection, or solder. Copper offers a high level of corrosion resistance but is becoming very costly.

What is a main disadvantage of leasing a vehicle compared to buying a vehicle? the up-front cost the monthly payments the length of payments the cost of insurance and gas

Answers

An upfront cost is the amount of money owed at the start of a transaction or business engagement.

Why Is Understanding Upfront Costs Important?

A prospective homeowner can confidently choose a piece of property that is appropriate for their financial condition by thoroughly comprehending upfront fees as well as ongoing costs such as monthly mortgage payments and property taxes.

Because house ownership expenses exceed the reported purchase price, a good real estate agent will walk their client through the various amounts they will owe to ensure that the buyer is not caught off guard by significant upfront costs.

Thus When comparing up-front costs, buying is more advantageous than leasing which is more costly.

For more information about upfront costs refer to the link:

https://brainly.com/question/2761249

With a 10% reserve requirement ratio, a $100 deposit into new bank means that the maximum amount new bank could lend is.

Answers

Answer:

If the reserve requirement is 10%, the deposit multiplier means that banks must keep 10% of all deposits in reserve, but they can create money and stimulate economic activity by lending out the other 90%. So, if someone deposits $100, the bank must keep $10 in reserve but can lend out $90.

Explanation:

:)

Schaad Corporation has entered into an eight-year lease for a piece of equipment. The annual payment under the lease will be $2,500, with payments being made at the beginning of each year. If the discount rate is 14%, what’s the present value of the lease payments? Ignore income taxes in this problem

Answers

Based on the payments being made at the beginning of the year and the discount rate, the present value of the lease payments is $13,220.75.

What is the present value of the lease payments?

The fact that the payments are made at the beginning of the year makes this an annuity due.

The present value is:

= Amount x ( Present value of annuity due factor, 14%, 8 years)

Solving gives:

= 2,500 x 5.2883

= $13,220.75

Find out more on present values of annuities at https://brainly.com/question/10517104.

44) Christopher, a department manager, is attending the monthly budget planning meeting where all the department managers report on their current status. Both before and after his own presentation, he sits forward in his chair and makes eye contact with all the other managers as they present. He asks questions and nods his head after their responses. He is exhibiting the ________ style of listening

Answers

When Christopher ask questions and nods his head after their responses. He is exhibiting the active style of listening.

What is active listening?

Active listening is a type of listening where the listener give rapt attention to the person speaking including the guestures.

The individual also ask questions to confirm all that his learning.

Therefore, When Christopher ask questions and nods his head after their responses. He is exhibiting the active style of listening

Learn more on active listening here,

https://brainly.com/question/3185541

You have been asked to calculate the internal rate of return for an investment with the following cash flows, using the Excel IRR function: The cost of the investment is $500,000. Cash flows in years 1 through 5 are $200,000; $160,000; $120,000; $80,000; and $40,000, respectively. There is no residual value to the investment. Using Excel's IRR function, what is the internal rate of return on the investment after 3 years

Answers

Answer:

9.92 %

Explanation:

Year 0 = ($500,000)

Year 1 = $200,000

Year 2 = $160,000

Year 3 = $120,000

Year 4 = $80,000

Year 5 = ($40,000 + $25,000) = $65,000

therefore,

the internal rate of return on the investment after 5 years is 9.92 %

You have been asked to calculate the internal rate of return for an investment with the following cash flows, using the Excel IRR function.

T internal rate of return for the investment after 3 years, we need to use the Excel IRR function. Here are the steps:

Step 1: Create a list of cash flows. In this case, the cash flows are as follows:

Year 0 (Initial Investment): -$500,000

Year 1: $200,000

Year 2: $160,000

Year 3: $120,000

Year 4: $80,000

Year 5: $40,000

Step 2: In Excel, use the IRR function to calculate the internal rate of return. In this example, the cash flows are in cells A1 to A6.

In cell A7, input the formula:

=IRR(A1:A6)

The internal rate of return on the investment after 5 years is 9.92 %

This means the internal rate of return on the investment after 3 years is 9.92%. It indicates the annualized rate of return the investment is expected to generate over the first three years.

To know more about cash flows here,

https://brainly.com/question/33885912

#SPJ2

The downsloping aggregate demand curve can be explained by.

Answers

The downsloping aggregate demand curve can be explained by interest-rate effect

What is aggregate demand curve?

Aggregate demand curve is a demand curve that shows or indicate all the money spent on the purchase of goods and services.

The goods and services represented on the curve are domestic i.e household and the price at each level is also indicated.

The curve can be explained by the knowing the rate if interest on the goods.

Therefore, The downsloping aggregate demand curve can be explained by interest-rate effect.

Learn more on aggregate demand here

https://brainly.com/question/17118208

Chain restaurants such as Domino's can use e-commerce sites to eliminate supplier-side data entry errors by _____.

Answers

The restaurants uses the e-commerce sites to eliminate supplier-side data entry errors by enabling the buyers to directly enter their own order information.

What is a supplier side data entry errors?

This refers to any type of entry errors in a transaction that result to erroneous supply of quantity of goods, and are caused by error from sales representatives or the buyer input.

However, the use of e-commerce sites eliminate these data entry errors by enabling the buyers to directly enter their own order information.

Read more about data entry errors

brainly.com/question/5137866

______ is recommended for promotion when a high degree of service or support, known as ancillary services, is required after the sale of the product.

Answers

Answer:

hard work recommended for promotion

Suppose a firm receives $10 for selling one additional unit of its product but that additional unit costs the firm $1 to produce. The producer surplus for the additional unit of product is

Answers

The producer surplus from selling the additional unit of the product given the selling price and the cost of production is $9.

What is producer surplus?

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product. The least price the producer should be willing to collect is equal to the cost of production

Producer surplus = price – cost of proeuction

$10 - $1 = $9

To learn more about producer surplus, please check: https://brainly.com/question/15282739

How old do you have to be to start working at a true job.

Answers

Answer:

As a general rule, the FLSA sets 14 years old as the minimum age for employment, and limits the number of hours worked by minors under the age of 16.

Which of the following describes mannerisms? question 2 options: style of speaking or behaving dressing appropriately values and standards working effectively with others

Answers

Answer:

It's A:  

Styles of speaking or behaving

Explanation:

Manners do not include of getting along with your staff. Manners are something that is taught by speaking and your actions.

Mannerism can be described as the style of speaking or behaving and dressing appropriately. It is a habitual gesture, speech pattern, or method of behaving.

What is Mannerism?

A particular trait or style, especially in behavior or speech: a frequent or typical manner, mode, or way of doing something.

These “micro-behaviors” could be anything from a simple throat-clearing to a very particular tic (i.e., biting nails when nervous).

Thus, option A is correct.

For further detail about mannerisms, refer to this link:

https://brainly.com/question/11934575

Which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity?.

Answers

A call provision is a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity.

What is call provision?

Call provision is charged with a bond and it allows an individual buy bond immediately.

It comes in form of fixed-income instrument that allows the issuer of the bond to repurchase.

Therefore, A call provision is a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity

Learn more on call provision here,

https://brainly.com/question/25965295

A fan base is, in most ways, quite similar to a customer base.
A. False
B. True

Answers

The correct answer is ‘True’.
True in some ways. A fan supports the person statistically however a customer supports a person financially

2. What does a correlation coefficient of 0.76 between two assets indicate?
(1 point)

Answers

Answer:

The two assets are highly correlated

Explanation:

Just took the test

2. List three interpersonal skills that sales associates need.

Answers

Answer:

problem solving, communication, organizational

Explanation:

these help you be the best business associate there is.

Marginal cost increases as the quantity of output increases. This reflects the property o

Answers

The property of marginal cost increasing as the quantity of output increases is known as diminishing marginal product.

What is diminishing marginal product?

Diminishing marginal product states that says as more units of a variable input of production is added to a fixed factor of production, output might increase initially but after a point total output would increase at a decreasing rate and marginal product would begin to decrease.

To learn more about diminishing marginal product, please check: brainly.com/question/10511919

Marginal cost increases as the quantity of output increases. This reflects the property of diminishing marginal product.

What do you mean by Marginal cost?

Marginal cost refers to the change in total production cost by producing one additional unit.

A company can maximize its profits by producing to where marginal cost equals marginal revenue. The law of diminishing marginal product where an advantage can be gained for a factor of production.

Learn more about Marginal Cost here:

https://brainly.com/question/7781429

#SPJ4

What type of job can i get with a finance and marketing double major

Answers

You can get jobs such as social media manager, accountant, advertising manager, marketing analyst, marketing manager, financial planner, budget planner

Knowing the slope of activities allows project managers to compare which ____ activities to shorten.

Answers

Answer:

Knowing the slope of activities allows project managers to compare which Critical activities to shorten

The federal funds rate is typically ________ the primary credit lending rate. a. greater than b. equal to c. less than d. None of these choices are correct.

Answers

The federal funds rate is typically equal the primary credit lending rate.

What is federal funds rate?

Federal funds rate are rate given by the government over credits or loans.

The rate is which commercial banks borrow and lend money and it is often lower than private Organization.

Therefore, the federal funds rate is typically equal than the primary credit lending rate.

Learn more on federal funds here,

https://brainly.com/question/6270391

Other Questions
When describing electromagnetic radiation, there is a(n) _____________ relationship between wavelength and frequency and the greater the frequency, the ____________ energy the electromagnetic radiation has The ratio of daisies to roses is 14 daisies to 16 roses.If there are 8 roses, how many daisies are there? Why did President Johnson decide not to run for reelection in 1968?a Public opposition to the Vietnam War had made him unpopular.b Public support for the Vietnam War had made him unpopular.c He had already served two terms as US president.d His speech at the Democratic National Convention had prompted violence. Which of the following thesis statements best targets an audience that consists of beginning runners?A.It is never too late to pick up running as a healthy and fun hobby. B.Elite runners care deeply for their nutrition. C.To avoid injury, invest in a good pair of sneakers. D.To bring your running to the next level, consider an interval routine to work through your plateau. The Pythagorean theorem states that a + b = c for a right triangle with leg lengths, a and b, and hypotenuse length, c.The hypotenuse of a right triangle is 5 units long and has the points (4, 0) and (0, 3) as end points. One of the legs has length 4.Use the Point and Segment tools to draw a right triangle that demonstrates the other leg length is 3. i need help on a paragraph on nelson mandela's early life Which set has an average of 2?A) AB) BC) A and BD) none of the above Why a surface that always have a perpendicular is an equipotential help me please if you know it A triangle has two sides of length 19 and 15. What is the largest possible whole-number length for the third side? Nidah writes down two different prime numbers.She adds together her two numbers.Her answer is a square number less than 30Find two prime numbers that Nidah could have written down. Mathematician Discuss the interdependence of the components of wellness.Lifetime Fitness on Edge Please help ASAP Find mO given mR = 46. PLEASE HELP!!! Sari stood at a point measured 20 meters away from the base of building A. Turning 40 to building B, she determined that the baseof that building was 25 meters away. How far apart were the buildings? Use a calculator if needed. PLEASE HELP IF YOU UNDERSTAND SPANISH OR SPEAK IT PLEASE!!B. Look at the television listings below and answer the questions that follow.Modelo A qu hora es Plaza Ssamo? 1. A qu hora es el concierto? 2. A qu hora son las noticias? 3. A qu hora son las telenovelas? 4. A qu hora es el tiempo? ______________________________________ . A las doce de la tarde ______________________________________ . ______________________________________ . ______________________________________ . ______________________________________ .90 A ver si recuerdas 3A-1 Which of the following is an example of gender inequality in politics? a. less funding for womens college athletics b. the wage gap c. the glass ceiling d. underrepresentation in political office please select the best answer from the choices provided a b c d 5. Keisha is renting a one-bedroom apartment but allows her best friend tomove in and pay $200 per month to sleep on the couch for the summerwhile she is between jobs. The apartment is burglarized one afternoonwhen they are both out, and the thief steals both of their laptops, Keisha'sTV, and her best friend's wireless headphones. What will the insurancecompany cover?* Juan went shopping for a new pair of sneakers because of a sale. The price on the tag was $28, but Juan paid $23.80 before tax. Find the percent discount. Marcus works as a salesman at a car dealership. He is paid a base salary of $1,137.89 each month, and he receives a commission of $212.69 for each vehicle he sells. If last month Marcus earned $9,220.11, how many cars did he sell last month? do this only on number line