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NEW QUESTION: 1
Over a given year, a firm's total assets increased by $7,000 and total liabilities decreased by $4,000. If the firm did not issue any new equity and paid out $1,500 in dividends, then its net income during the year was
________.
A. $1,500
B. $9,500
C. $4,500
D. $12,500
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Total assets - Total liabilities = Equity. Hence,
Change in Assets - Change in Liabilities = Change in Equity.
Thus, change in equity = 7,000-(-4,000) = $11,000
All of the net income not paid out as dividends goes into increasing the equity. Since no new shares were issued, Net Income = change in equity + dividends paid. This gives net income = $11,000+$1,500
$12,500.
NEW QUESTION: 2
An engineer troubleshoots a Cisco Jabber login problem on a Windows PC in the corporate network. The login fails with the error message "Cannot find your services automatically. Click advanced settings to set up manually.'' Which action should the engineer take first?
A. Verify the username and password and try again
B. Perform a manual DNS lookup of SRV record _cisco-uds.tcp.domain.com.
C. Perform a manual DNS lookup of SRV record _collab-edge._tls.domain.com.
D. Verify whether the cup-xmpp certificates are valid.
Answer: B
NEW QUESTION: 3
What is the impact of corporate governance on business architecture?
A. It assigns responsibility and accountability for the issue escalation process to minimize project lag time
B. It imposes security rules and restrictions to ensure that business solutions do not unduly impact business components or projects
C. It provides the decision making and approval framework with review and validation at logical checkpoints to ensure results meet expectations
D. It dictates the level and priority of management information required during implementation of a business solution
Answer: C
NEW QUESTION: 4
During what Time Management Process are the specific activities that must be performed to produce the deliverables in the WBS identified and documented?
A. Estimate Activity Durations
B. Develop Schedule
C. Define Activities
D. Sequence Activities
Answer: C