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NEW QUESTION: 1
A firm has total assets of 5,320, net sales of 8,395, average receivables of 894, current assets of 2,393 and a current ratio of 1.2. Its average receivables collection period equals ________.
A. 23.19 days
B. 38.87 days
C. 41.73 days
D. 29.92 days
Answer: B
Explanation:
Explanation/Reference:
Explanation:
This is measured by two ratios in slightly different ways:
a. Receivables turnover ratio = Net annual sales/average receivables
b. Average receivables collection period = 365/receivables turnover
In this case, receivables turnover = 8,395/894 = 9.39. Therefore, average receivables collection period
365/9.39 = 38.87 days. Notice that the collection period is measured in "days."
NEW QUESTION: 2
The Chief Information Officer (CIO) is reviewing the IT centric BIA and RA documentation. The documentation shows that a single 24 hours downtime in a critical business function will cost the business $2.3 million. Additionally, the business unit which depends on the critical business function has determined that there is a high probability that a threat will materialize based on historical data. The CIO's budget does not allow for full system hardware replacement in case of a catastrophic failure, nor does it allow for the purchase of additional compensating controls. Which of the following should the CIO recommend to the finance director to minimize financial loss?
A. The company should accept the risk.
B. The company should transfer the risk.
C. The company should avoid the risk.
D. The company should mitigate the risk.
Answer: B
Explanation:
To transfer the risk is to deflect it to a third party, by taking out insurance for example.
NEW QUESTION: 3
What is the correct syntax for mounting the second partition of the first SCSI hard disk?
A. mount /dev/sdb1 /mnt
B. mount /mnt /dev/sda2
C. mount /dev/hda2 /mnt
D. mount /mnt /dev/sdb1
E. mount /dev/sda2 /mnt
F. mount /mnt /dev/hda2
Answer: E
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