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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: 25,402; COGS: 13,591
B. Sales: 20,768; COGS: 13,591
C. Sales: 20,768; COGS: 11,803
Answer: C
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
What are the three organizational levels?
There are 3 correct answers to this question.
Response:
A. Collect
B. Define
C. Analyze
D. Damage
E. Assign
Answer: B,C,E
NEW QUESTION: 3
A rural manufacturing company wants to move all IT services, including the industrial control systems, to the cloud.
Given this scenario, which of the following cloud services elements would be a challenge to the deployment?
A. Network broadband access
B. Industrial control system security
C. Integrated service digital network
D. Computing capacity flexibility
Answer: B
NEW QUESTION: 4
Which three products are Cisco Advanced Threat solutions? (Choose three.)
A. Web Security
B. Next-Generation Intrusion Prevention System (NGIPS)
C. Next-Generation Firewall (NGFW)
D. Remote Access VPN
E. Stealthwatch
F. ThreatGrid
G. Advanced Malware Protection (AMP)
Answer: E,F,G
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