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NEW QUESTION: 1
Insurance companies often use which of the following payment instruments?
A. Payable through draft
B. Time draft
C. Depository transfer check
D. Preauthorized draft/check
Answer: A
NEW QUESTION: 2
You create a prepayment for USD 100 and validate it to consume the budget and reduce available funds under the prepayment account. You then pay the prepayment of USD 100 create an invoice for USD 300, and validate the* invoice to consume the budget and reduce available funds for the expense-accounts used in the invoice. You then apply the prepayment fully on to the invoice and revalidate it.
What happens to the available funds when you apply a prepayment that requires budgetary control?
A. The prepayment application releases funds of 100 USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 200 USD.
B. The prepayment application was already released at the time of payment and the invoice consumes funds of 300 USD.
C. The budget will be released only for the USD 300 invoice amount.
D. The prepayment application releases funds of 300 USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 100 USD.
E. The prepayment application releases funds of 200 USD and the invoice consumes funds of 100 USD, with a net decrease to available funds of 200 USD.
F. Available funds will not change till invoice is approved.
Answer: C
NEW QUESTION: 3
When configuring a server load balanced virtual IP, which of the following is the best distribution algorithm to be used in applications where the same physical destination server must be maintained between sessions?
A. Least connected
B. Round robin
C. Static
D. Weighted round robin
Answer: C
NEW QUESTION: 4
The following account balances represent the December 31 balance sheet of an entity. The quick ratio for this year is:
A. 1.08
B. 1.42
C. 0.82
D. 0.97
Answer: D
Explanation:
The acid test quick) ratio equals quick assets cash, financial assets held for trading, and accounts receivable) divided by current liabilities. Quick assets total US $206,500 $27,500 cash + $64,000 financial assets held for trading + $115,000 net accounts receivable). Given current liabilities of US $213,500 $67,000 accounts payable + $54,000 current notes payable + $70,000 income taxes payable + $22,500 other current liabilities), the quick ratio is 0.967 US $206,500 + $213,500).
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