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NEW QUESTION: 1
Under a periodic inventory system, how is COGS determined?
A. None of these answers is correct.
B. The cost of ending inventory is subtracted from costs of goods available for sale.
C. Cost of goods sold is accumulated as sales are made.
D. Ending inventory is counted and subtracted from beginning inventory.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Under the periodic inventory system, only the ending inventory is counted and priced. Cost of goods sold is determined by deducting the cost of the ending inventory from the cost of goods available for sale.

NEW QUESTION: 2
Assume the following facts about Martin Corporation:
. The long-term debt was originally issued at par ($1,000/bond) and is currently trading at $1,250 per
bond.
. Martin Corporation can now issue debt at 150 basis points over U.S. treasury bonds.
. The current risk-free rate (U.S. treasury bonds) is 7 percent.
. Martin's common stock is currently selling at $32 per share.
. The expected market return is currently 15 percent.
. The beta value for Martin is 1.25.
. Martin's effective corporate income tax rate is 40 percent.
Based on these assumptions, what is the current net after-tax cost of debt for Martin Corporation?
A. 7.0 percent.
B. 5.1 percent.
C. 5.5 percent.
D. 8.5 percent.
Answer: B
Explanation:
Choice "c" is correct. 5.1 percent current net cost of debt.
The fact pattern states that debt can be currently secured at 150 basis points above the Treasury bond
rate. A basis point is equal to 1/100 of 1% (1% of 1%).
Applying the decimals it's:
1 50 basis points x 1/100 of 1% (or .0001)
this yields .015 or 1.5%
Add the additional basis points converted to percentage (1.5%) to the Treasury bond rate of 7% to arrive
at the pre-tax debt cost of 8.5%. Apply 1 - tax rate to arrive at the current net cost of debt as follows:

NEW QUESTION: 3
What is the best way to eliminate single point of failure, even when binding multiple NICS?
A. Ensure the network adapters that are bound to the virtual switch originate fromseparate network switches to eliminate any single points of failure.
B. Ensure the network adapters that are bound to multiple virtual switches originate fromseparate network switches to eliminate any single points of failure.
C. Ensure the network adapters that are bound to the virtual switch originate from asingle network switche to eliminate any single points of failure.
Answer: A
Explanation:
Ensure the network adapters that are bound to the virtual switch originate from separate network switches to eliminate any single points of failure.

NEW QUESTION: 4
Which HP tool can be used to configure the FlexFabric interconnect modules?
A. Virtual Connect Manager
B. iLO 4 user interface
C. Insight Display
D. HP Virtual SAS Manager
Answer: A