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NEW QUESTION: 1
Which of the following sources is the least desirable to use when monitoring a correspondent bank's capital?
A. A national rating agency's report on the correspondent bank
B. The correspondent bank's annual report to shareholders
C. The correspondent bank's own call report
D. A national newspaper's story on the correspondent bank's financial condition
Answer: D
NEW QUESTION: 2
Universal Containers (UC) has recently acquired other companies that have their own Salesforce orgs. These companies have been merged as new UC business units.
The CEO has requested an architect to review the org strategy, taking into consideration two main factors:
* The CEO wants business process standardization among all business units.
* Business process integration is not required as the different business units have different customers and expertise.
Which org strategy should the architect recommend in this scenario, and why?
A. Single-org strategy, as costs increase as the number of orgs go up.
B. Multi-org strategy, as it is uncommon for the diversified business units to get used to working in the same space as the other business units.
C. A Multi-org strategy, as they could deploy a common managed package into the orgs of the different business units.
D. Single-org strategy, as the high level of business process standardization will be easier to implement in a single org.
Answer: A
NEW QUESTION: 3
JL is preparing its cash budget for the next three quarters. The following data have been extracted from the operational budgets:
Additional information is available as follows:
* JL sells 20% of its goods for cash. Of the remaining sales value, 70% is received within the same quarter as sale and 30% is received in the following quarter. It is estimated that trade receivables will be $125,000 at the beginning of Quarter 1. No bad debts are anticipated.
* 50% of payments for direct material purchases are made in the quarter of purchase, with the remaining 50% in the quarter following purchase. It is estimated that the amount owing for direct material purchases will be
$60,000 at the beginning of Quarter 1.
* JL pays labour and overhead costs when they are incurred. It has been estimated that labour and overhead costs in total will be $303,600 per quarter. This figure includes depreciation of $19,600.
* JL expects to repay a loan of $100,000 in Quarter 3.
* The cash balance at the beginning of Quarter 1 is estimated to be $49,400 positive.
Required:
Prepare a cash budget for each of the THREE quarters.
What will the closing balance of cash flows in quarter THREE be?
A. $170 400
B. $130 200
C. $100 200
D. $184 900
E. $150 200
F. $145 000
G. $160 690
Answer: B
Explanation:
Explanation/Reference: https://www.vrelearnonline.com/cima-p1-103-q19/
NEW QUESTION: 4
How is range penetration or position in range calculated?
A. Current Salary - Range minimum
B. (Current Salary - Range Minimum) / (Range Maximum - Range Minimum)
C. Current Salary /Salary Range midpoint
D. Currency Salary / (Range Maximum - Range Minimum)
Answer: B
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