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NEW QUESTION: 1
A. Option D
B. Option A
C. Option C
D. Option B
Answer: A
NEW QUESTION: 2
ABC Company in India exports raw materials to XYZ Company in the USA. There is an outstanding invoice of INR 90,000,000 to be paid in two months. The USD-to-INR rate when the transaction was completed was 45. Now the USD-to-INR rate has changed from 45 to 40.
Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)
A. XYZ Company has a positive impact by this rate change.
B. ABC Company has a positive impact by this rate change.
C. ABC Company is not impacted at all by this rate change.
D. XYZ Company has a negative impact by this rate change.
Answer: C,D
NEW QUESTION: 3
Naomi drives to the beauty parlor in 60 minutes. On the way back, her average speed is half the average speed as it was to the way to the parlor. How much time will it take Naomi to travel two round trips to the beauty parlor?
A. 5 hours and 50 minutes.
B. 4 hours.
C. 6 hours.
D. 3 hours.
E. 4 hours and 20 minutes.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
If the average speed from the beauty parlor is half of the average speed to the parlor then the time back from the parlor is twice the time it takes her to get to the parlor, thus 120 minutes.
The total round trip will take Naomi (60 + 120 = 180) minutes, which is 3 hours.
Two round trips will take her 6 hours.
NEW QUESTION: 4
Which of the following pairs of accounts would be analyzed together in the audit documentation?
A. Accrued interest receivable and accrued interest payable.
B. Notes payable and notes receivable.
C. Interest income and interest expense.
D. Notes receivable and interest income.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. The auditor would most likely analyze notes receivable and its related income
statement account, interest income, together.
Choice "B" is incorrect. Accrued interest payable would be analyzed along with notes payable; accrued
interest receivable would be analyzed along with notes receivable.
Choice "C" is incorrect. Notes payable would be analyzed along with interest payable and interest
expense; notes receivable would be analyzed along with interest income.
Choice "D" is incorrect. Interest income would be analyzed with notes receivable; interest expense would
be analyzed with notes payable.