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NEW QUESTION: 1
The amount of gross profit to be recognized in Year 1 on Year 1 installment sales is:
A. US $800
B. US $2,000
C. US $3,200
D. US $4,000
Answer: A
Explanation:
In Year 1 cash receipts were US $2,000 from Year 1 installment sales. The gross profit realized is the gross profit on the portion of sales for which payment has been received.
This amount equals the Year 1 gross profit percentage multiplied by the cash receipts or US $800 {[($10.000 - $6,000) $10,000] x $2.000}. An entity sells goods on an installment basis. The table below includes information about the level of installment sales, the cost of the goods sold on installment, and the cash receipts on installment sales for Year 1 through Year 3. All cash receipt amounts shown are net of any interest charges.
NEW QUESTION: 2
Which Authorization Source supports device profile enforcement?
A. Endpoints Repository
B. OnGuard Repository
C. Local User Repository
D. Guest User Repository
Answer: B
NEW QUESTION: 3
By using a set of statistical tools to understand the fluctuation of a process, management can predict the expected outcome of that process. If the outcome is not satisfactory, management can use associated tools to further understand the elements influencing that process.
Six sigma includes process steps which are commonly known as ____________.
A. PDCA
B. DAMIC
C. PDSA
D. DAMIE
Answer: B