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NEW QUESTION: 1
The market risk manager of SigmaBank is concerned with the value of the assets in the bank's trading book. Which one of the four following positions would most likely be not included in that book?
A. 300,000 options on IBM shares worth $10,000,000.
B. $10,000,000 loan to IBM worth $9,800,000.
C. $10,000,000 bond issued by IBM worth $11,000,000.
D. 10,000 shares of IBM worth $10,000,000.
Answer: B
NEW QUESTION: 2
Which design elements are always considered when HP designs a new cartridge? (Select two.)
A. Ease of use
B. HP warranty
C. Manageability
D. Lowest cost per page
E. High availability
F. Highest page yield
Answer: D,F
NEW QUESTION: 3
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. Ending inventory is counted and subtracted from beginning inventory.
D. Cost of goods sold is accumulated as sales are made.
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.
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