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NEW QUESTION: 1
Bandit Co. will recognize revenue from the December sale of the maintenance contracts in the, List A, year if it selects <List B> basis reporting.
A. Option A
B. Option D
C. Option B
D. Option C
Answer: A
Explanation:
Under the cash basis of accounting, revenue is recognized when the cash is received. Because the customers paid cash for the maintenance contracts in the first year, that is the year in which the revenue should be recognized. On January 1. a new landscaping firm, Bandit Co., acquired a fleet of vehicles, all the necessary tools and equipment, and a parking and storage facility. It began operations immediately. It is now the end of the first year of operations, and the first set of year-end financial statements are being prepared. Several decisions have to be made regarding the appropriate accounting and reporting practices for this company. Relevant information for several of these items is described in the following list of transactions and events: At year-end, the parking and storage facility that was purchased for US $150,000 has a fair value of US $250,000. The physical flow of inventory is first in, first out, and the cost of materials has risen steadily over the year. To promote sales for the coming year, maintenance contracts were sold in December at very reasonable prices, provided that the customers paid cash. On April 1, the company arranged a US $100,000 10% bank loan. Interest payments of US $5,000 are due on October 1 and April 1 of each year during the 5-year term of the loan. During the first year of operations, the company experienced a 5% bad debt rate on credit sales None of the bad debts are expected to be recovered, given that 5% i s the industry average level of bad debts. Total credit sales for the year were U $400,000. The year-end balance of accounts receivable includes uncollected overdue accounts of US $100,000. Half of the uncollected overdue amounts are estimated to be uncollectible.
NEW QUESTION: 2
A Cisco Ex60 is connected the network, but users cannot make calls and the device is unregister. the voice engineer configured the device on Cisco Unified cimmenication Manager, Which two options are causes of this problem ?( Choose two.)
A. No user is associated to a device
B. IP address is in a different subnet
C. SIP URI is not configured correctly
D. SIP proxy is not configured correctly
E. H.323 parameters are not configured correctly.
Answer: C,D
NEW QUESTION: 3
Which statement concerning supply chains is most often true?
A. Most supply chains are designed.
B. Most supply chain flows are linked in relatively simple and straight-forward ways.
C. Most supply chains evolve over time through a series of independent decisions.
D. Most supply chains are replacing information with inventory.
Answer: C