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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
What are the three organizational levels?
There are 3 correct answers to this question.
Response:
A. Analyze
B. Define
C. Damage
D. Assign
E. Collect
Answer: A,B,D
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. Integrated service digital network
B. Network broadband access
C. Computing capacity flexibility
D. Industrial control system security
Answer: D
NEW QUESTION: 4
Which three products are Cisco Advanced Threat solutions? (Choose three.)
A. Stealthwatch
B. Next-Generation Intrusion Prevention System (NGIPS)
C. Web Security
D. Advanced Malware Protection (AMP)
E. Next-Generation Firewall (NGFW)
F. ThreatGrid
G. Remote Access VPN
Answer: A,D,F
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