In the case of the display equipment, the cost is $27,000, which includes the $26,500 sales price and the $500 cost of delivery. The delivery cost is included in the asset account because the equipment is not usable to the company unless it is delivered from the supplier.
Mbps (megabits per second) Megabits per second (Mbps) are a unit of measurement for bandwidth and throughput on a network. Each megabit is equal to 1 million bits. Mbps belongs to a family of metrics used to measure the capacity and speed of data transfer.
BPC, Articles and Glossary. TPS: Transaction Processing Systems. Definition: A Transaction Processing System (TPS) is a type of information system that collects, stores, modifies and retrieves the data transactions of an enterprise. A transaction is any event that passes the ACID test in which data is generated or modified before storage in an information system.