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NEW QUESTION: 1
A change in credit policy has caused an increase in sales, an increase in discounts taken, a decrease in the amount of bad debts, and a decrease in the investment in accounts
receivable. Based upon this information, the entity's:
A. Working capital has increased.
B. Accounts receivable turnover has decreased.
C. Average collection period has decreased.
D. Percentage discount offered has decreased.
Answer: C
Explanation:
An increase in discounts taken accompanied by declines in receivables balances and doubtful accounts all indicate that collections on the increased sales have been accelerated. Accordingly, the average collection period must have declined. The average collection period is a ratio calculated by dividing the number of days in a year 365) by the receivable turnover Thus, the higher the turnover, the shorter the average collection period The turnover increases when either sales the numerator) increase, or receivables the denominator) decrease Accomplishing both higher sales and a lower receivables increases the turnover and results in a shorter collection on period.

NEW QUESTION: 2
What is the minimum version of Windows supported to run VirtualCenter?
A. Windows 2000 Server SP3 with .NET Framework
B. Windows Server 2003 SP1
C. Windows Server 2003
D. Windows 2000 Server SP4 with Update Rollup 1
E. Windows 2000 Server SP1
Answer: D
Explanation:
Quick Start GuideMntroduction to VMware Infrastructure : System Requirements : VirtualCenter Server Requirements VirtualCenter Server requires a computer with the following specifications: "