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NEW QUESTION: 1
The high cost of short-term financing has recently caused an entity to reevaluate the terms of credit it extends to its customers. The current policy is 1/10, net 60. If customers can borrow at the prime rate, at what prime rate must the entity change its terms of credit in order to avoid an undesirable extension in its collection of receivables?
A. 2%
B. 5%
C. 7%
D. 8%
Answer: D
Explanation:
Terms of 1/10, net 60 mean that a buyer can save 1% of the purchase price by paying 50 days early. In essence, not taking the discount results in the buyer's borrowing 99% of the in price for 50 days at a total interest charge of 1% of the invoice price. Because a year has 7.3 50-day per periods 365 50), the credit terms 1/10, net 60 yield an effective annualized interest charge of approximately 7.371 [(I% 99%) 7.3]. If the prime rate were higher than 7.37%, the buyer would prefer to borrow from the vendor i.e., not pay within the discount period) rather than from a bank. Consequently, an 8% prime rate could cause the vendor's receivables to increase. An entity sells 10,000 skateboards a year at US $66 each. All sales are on credit, with terms of 3/10. net 30, which means three percent discount if percent it is made within 10 days; otherwise full payment is due at the end of 30 days. One half of the customers are expected to take advantage of the discount and pay on day 10. The other half are expected to pay on day 30. Sales are ,, ict id to be uniform throughout the year for both types of customers.

NEW QUESTION: 2
Which is NOT a functional role?
A. Planning
B. Benefits and Value
C. Information Management
D. Project Officer
Answer: D

NEW QUESTION: 3
あなたはクラウドサービスプロバイダーのために働いており、顧客の1つに関連する電子情報開示の注文を受け取ります。
次のうちどれが最初に取るべき最も適切な行動でしょうか？
A. 暗号化キーをエスクロー
B. 仮想マシンのスナップショットを撮ります
C. 顧客に通知
D. データをコピーします
Answer: C
Explanation:
説明
クラウドサービスプロバイダーが顧客の1つに関連する電子情報開示の注文を受け取った場合、彼らが取るべき最初のアクションは顧客に通知することです。これにより、お客様は受け取ったものを認識できるようになるだけでなく、課題が必要であるか、または保証されているかどうかを判断するためのレビューを実施できます。仮想マシンのスナップショットの取得、データのコピー、および暗号化キーのエスクローはすべて、実際のデータ収集に関係するプロセスであり、顧客にリクエストが通知されるまで実行しないでください。

NEW QUESTION: 4
Which steps are necessary to run a payment program? (Choose three)
A. Schedule print
B. Configure open item list
C. Start transfer of open items to the payment program
D. Maintain parameters
E. Start proposal run or payment run
Answer: A,D,E

Certification Tracks

• ACFCS Certified Financial Crime Specialist
• ACFCS Certified Entry Networking Technician