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NEW QUESTION: 1
A company had sales of 23,085 for the just concluded year, with a gross margin of 45%. Its accounts receivables increased by 2,317 and inventory decreased by 894. On the basis of the direct statement of cash flows, what were the sales and COGS on cash basis?
A. Sales: 20,768; COGS: 13,591
B. Sales: 20,768; COGS: 11,803
C. Sales: 25,402; COGS: 13,591
Answer: B
Explanation:
Since accounts receivables increased, cash sales were less than shown, i.e., Cash sales =
Accrual sales - Increase in A/C Rec. = 23,085 - 2,317 = 20,768
According to the accounting entity, COGS = Opening Inventory + Purchases - Closing Inventory,
Purchases = COGS + Change in Inventory. Thus, Cash COGS = 12,697 - 894 = 11,803
NEW QUESTION: 2
Refer to the exhibit.
Which two statements about router R1 are true? (Choose two.)
A. The router has two EIGRP neighbors and one OSPF neighbor.
B. At least two IGP routing protocols are running on the router.
C. The least two IGP routing protocols are running on the router.
D. The router has an OSPF Area 0 adjacency with the device at 10.82.4.42.
E. The router is learning external OSPF and EIGRP routes.
Answer: A,E
NEW QUESTION: 3
Your customer wants to acquire HPE OneView Advanced licenses for servers they plan to purchase in the future. They would like a pay-as-you-go approach in which they only pay for the licenses as they are used. Which HPE licensing feature addresses this customer's request?
A. Activation Key Agreement
B. GNU license
C. iLO Advanced
D. Perpetual license
Answer: B
NEW QUESTION: 4
An internal auditor wants to sample data to test an audit theory in a cost-effective way. Which of the following sampling strategies should she use?
A. Nonstatistical samplingonly
B. Statistical samplingonly
C. Neither approach to testing the audit theory would be cost effective.
D. A combination of both statistical and nonstatistical sampling.
Answer: A