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NEW QUESTION: 1



A. Option A
B. Option C
C. Option B
D. Option D
Answer: A

NEW QUESTION: 2
Which of the following functions of inventory exists to address unpredictable supply or demand?
A. Transportation
B. Fluctuation
C. Hedge
D. Anticipation
Answer: B

NEW QUESTION: 3
You are evaluating a method that calculates loan interest. The application includes the following code segment. (Line numbers are included for reference only.)

When the loanTerm value is 5 and the loanAmount value is 4500, the loanRate must be set to 6.5 percent.
You need to adjust the loanRate value to meet the requirements.
What should you do?
A. Replace line 07 with the following code segment: loanRate = 0.065m;
B. Replace line 17 with the following code segment: interestAmount = loanAmount * 0.065m * loanTerm;
C. Replace line 15 with the following code segment: loanRate = 0.065m;
D. Replace line 04 with the following code segment: decimal loanRate = 0.065m;
Answer: C

NEW QUESTION: 4
A condensed comparative balance sheet for an entity appears below:

In looking at liquidity ratios at both balance sheet dates, what happened to the 1) current ratio and 2) acid-test (quick) ratio?

A. Option A
B. Option D
C. Option C
D. Option B
Answer: B
Explanation:
The current ratio is determined by dividing current assets by current liabilities. The acidtest
ratio is determined by dividing quick assets by current liabilities. At December 31. Year 1. The current ratio is 6 to 1 [(US $40,000 + $120,000 + $200,000) - $60,01101. December
31. Year 2, the current ratio is 4.3 to 1 [(US $30,000 + $100,000 + $300,000) -$100,000]. Hence, there was a decrease in the current ratio. At December 31, Year 1, the acid-test ratio is 2.667 to 1 [(US $40,000 + $120,000) - $60.000]. At December 31, Year 2, the acid-test ratio is 1.3 to 1 [(US $3:0,000 + $100,000) - $100,000]. Thus, the acidtest ratio also declined. An entity's financial statements for the current year are presented below: