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NEW QUESTION: 1
What are the benefits of using the accrual engine? (Choose three)
A. The accrual engine calculates the accrual amounts automatically.
B. The accrual engine is client-independent.
C. The accrual engine can simulate planned future accruals.
D. The accrual engine can correct accruals in the previous month even if that period is closed.
E. The accrual engine supports parallel accounting.
Answer: A,C,E

NEW QUESTION: 2

A. Option D
B. Option B
C. Option A
D. Option C
Answer: C

NEW QUESTION: 3
An investor receives a total combined return of 7% on his two different investments. On his $10,000 investment he receives a return of 6%. What is the return on his $20,000 investment?
A. 8.5%
B. 7.5%
C. 7.25%
D. 8%
E. 9%
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The combined return is 7% of $30,000 = $2,100. Subtract the 6% return on his $10,000 investment = $600.
$2,100-$600=$1,500. This is the return on his second investment of $20,000. $1,500 of $20,000 is a 7.5% return.