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NEW QUESTION: 1
The Frame Supply Company has just acquired a large account and needs to increase its working capital
by $100,000. The controller of the company has identified four alternative sources of funds, which are
given below.
A: Pay a factor to buy the company's receivables, which average $125,000 per month and have an
average collection period of 30 days. The factor will advance up to 80 percent of the face value of
receivables at 10 percent and charge a fee of 2 percent of all receivables purchaseD. The controller
estimates that the firm would save $24,000 in collection expenses over the year.
Assume the fee and interest are not deductible in advance.
B: Borrow $110,000 from a bank at 12 percent interest. A 9 percent compensating balance would be
required.
C: Issue $110,000 of six-month commercial paper to net $100,000. (New paper would be issued every 6
months.)
D: Borrow $125,000 from a bank on a discount basis at 20 percent. No compensating balance would be
required.
Assume a 360-day year in all of your calculations.
The cost of Alternative B is:
A. 10.5 percent.
B. 21.0 percent.
C. 13.2 percent.
D. 12.0 percent.
Answer: C
Explanation:
Choice "c" is correct.
Choices "a", "b", and "d" are incorrect, per the above calculation.
NEW QUESTION: 2
You need to set up the posting profile for realized and unrealized gains and losses.
Which two forms should you use? Each correct answer presents a complete solution.
A. Ledger form
B. Chart of accounts form
C. Currency exchange rates form
D. Currency revaluation accounts form
Answer: A,D
Explanation:
B: Currency revaluation accounts, where you identify the relevant account for realized gain, and loss, unrealized gain,
and loss.
D: General Ledger
. We have also seen issues with the Gain and Loss accounts.
a. General Ledger>>Setup>>Ledger - Verify there is a Main account setup for the Realized and Unrealized Gains
and Loss records.
NEW QUESTION: 3
Which procedural logic is NOT supported by NZPLSQL?
A. Returning a scalar result or result set
B. Conditionals (if, else)
C. Looping (while, for)
D. Scrollable cursors
Answer: D
NEW QUESTION: 4
When running the tablespace point-in-time command
recover tablespace users
until time '10/06/2008:22:42:00'
auxiliary destination 'c:\oracle\auxiliary';
You receive the following error:
What is the likely cause of the error?
A. The database is in ARCHIVELOG mode.
B. The USERS tablespace has dependent objects in other tablespaces and can not be a part of a TSPITR alone.
C. The USERS tablespace is not eligible for TSPITR because it has invalid objects.
D. The recover tablespace command is incorrect and generates the error.
E. There is not a current backup of the database available.
Answer: E
Explanation:
Explanation/Reference:
Explanation: