Most firewall database policies include less than 5 rules
Indicate whether the statement is true or false.
Answer: FALSE
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Sam quit his job as an accountant with We Keep Books Accurately to open his own accounting
firm. He earned $40,000 with the accounting firm We Keep Books Accurately. During the current year, Sam had revenues of $150,000 and total expenses of $110,000. Sam earned an A) accounting profit of $40,000. B) entrepreneurial profit of $40,000, but had an accounting loss. C) accounting profit of $40,000 and an entrepreneurial profit of $40,000. D) entrepreneurial profit of $40,000. E) Both A and D above are correct.
A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 380,000Sales revenue$2,736,000Variable manufacturing expense$1,349,000Fixed manufacturing expense$336,000Variable selling and administrative expense$399,000Fixed selling and administrative expense$372,000Net operating income$280,000 The company's degree of operating leverage is closest to:
A. 1.36 B. 9.77 C. 3.53 D. 2.47
Ms. Lopez paid $7,260 interest on a mortgage on undeveloped land that she holds as an investment. Ms. Lopez's AGI is $112,200, which includes $4,900 interest income from a certificate of deposit. Which of the following statements is true?
A. Ms. Lopez can deduct $4,900 interest expense as an itemized deduction. B. Ms. Lopez can't deduct any of the $7,260 interest expense. C. Ms. Lopez can deduct $4,900 interest expense as an above-the-line deduction. D. Ms. Lopez can deduct $7,260 interest expense as an itemized deduction.
A microprocessor that fails to perform reliably at a higher clock rate might still be usable and rated for sale at a lower clock rate
a. True b. False Indicate whether the statement is true or false