Final exsam 5. A mainframe is a type of legacy workstation. Answer: True [pic] False 6. Client/server computing is the most widely used form of centralized processing. Answer: True [pic] False 7. In cloud computing‚ rapid elasticity refers to the ability of computing resources to be quickly altered to meet demand. Answer: [pic] True False 8. Application server software is responsible for locating and managing stored Web pages. Answer:
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Accounting Theory Questions 1. what is positive accounting theory? how does it differ from normative accounting theory? what was/were the major dissatisfaction(s) with normative accounting theory which led to the development of a positive theory accounting? 2. Explain the meaning of an efficient market. what is meant by the following terms: weak-form efficiency‚ semistrong-form efficiency‚ strong-form efficiency? which form is the most important to accounting research? why? 3 Explain the important
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must be closed at the end of the fiscal period. 1.5 1115 Goods Rcvd/ Invoice Rcvd: This is an account you as a student have probably never encountered before. It is a suspense account‚ which is explained in more detail in the answer to the next question. 1.6 Now let’s analyze the Goods Rcvd/ Invoice Rcvd account closer. This account is necessary because of timing differences in the real world. This is what is termed a suspense account. Briefly explain how entries would be made to this account
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Chapter 1 An Overview of the Changing Financial-Services Sector Multiple Choice Questions 47. In the United States a commercial bank qualifies as a "bank" under federal law if it offers: A) Consumer installment loans‚ CDs B) Savings deposits‚ commercial loans C) Checking accounts‚ commercial loans D) Security investments‚ inventory loans to business customers E) Commercial deposit accounts‚ consumer savings plans 48. E. F. Hutton‚ J.C. Penney‚ and Sears
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Chapter 19 Early Latin America Multiple Choice 1. Which of the following was a NOT characteristic of Iberian society? a. b. Absence of slaveholding traditions c. Emphasis on nobility d. Emphasis on patriarchal ideals e. 2. Heavy urbanization Patriarchal families How was the commercial experience of the Portuguese extended to the Americas? a. b. The Portuguese were responsible for the use of galleys in the Atlantic passage c. The Portuguese experience
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Practice Problems Module 3 Module 3 Practice Problems & Solutions Introduction to Financial Accounting in the 21st Century © Gaber‚ Hayes & Porporato 2011 1 Practice Problems Module 3 PROBLEM 1 – MULTIPLE CHOICE QUESTIONS 1. In recording transactions‚ (a) The word debit means to increase and the word credit means to decrease. (b) Assets‚ expenses‚ and owners’ drawing accounts are debited for
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Question 1 0 out of 0 points A balance sheet ________. Selected Answer: Answers: [None Given] is a list of all the cash collected and cash paid during a period describes the financial situation of a company at a specific point in time is a summary of all of the revenues minus all of the expenses for an accounting period shows the changes that took place in the amount of shareholders’ equity during a period Question 2 0 out of 0 points A deferral transaction is one in which ________. Selected
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1. award: 0 out of 0.00 points On January 1‚ Puckett Company paid $2.64 million for 88‚000 shares of Harrison’s voting common stock‚ which represents a 40 percent investment. No allocation to goodwill or other specific account was made. Significant influence over Harrison is achieved by this acquisition and so Puckett applies the equity method. Harrison distributed a dividend of $2 per share during the year and reported net income of $613‚000. What is the balance in the Investment in Harrison
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Unit 18 B Study Guide 1. Find the solubility (in mol/L) of lead(II) chloride (PbCl2) at 25oC. Ksp = 1.62e–5. A) 1.59e–2 B) 2.53e–2 C) 6.64e–17 D) 2.01e–3 E) 2.01e–2 2. The two salts AgX and AgY have very similar solubilities in water. It is known that the salt AgX is much more soluble in acid than is AgY. What can be said about the relative strengths of the acids HX and HY? A) Nothing. B) HY is stronger than HX. C) HX is stronger than HY. D) The acids have equal strengths. E)
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accounting quiz 1 [pic] 1 The primary purpose of accounting is to determine whether the business entity is profitable or unprofitable in its operations. A) True B) False This is the correct answer. Feedback: The primary purpose of accounting is to provide information that is useful for decision-making purposes. Accounting is ’not an end’‚ but rather it is a ’means to an end.’ LO 1 2 Costs‚ prices‚ sales volume‚ profits‚ and return on investment are all accounting measurements. A) True
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