What is the maturity due date on a 100-day loan that begins April 15?
July 24;
15 more days in April; 31 in May; 30 days in June;
15 + 31 + 30 = 76; 100 - 76 = 24, therefore July 24
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A decrease in the import tariff will result in
a. an increase in imports but a decrease in domestic production. b. a decrease in imports but an increase in domestic production. c. an increase in price but a decrease in quantity purchased. d. a decrease in price and a decrease in quantity purchased.
The major disadvantage of an empty shell solution as a second site backup is
a. the host site may be unwilling to disrupt its processing needs to process the critical applications of the disaster stricken company b. recovery depends on the availability of necessary computer hardware c. maintenance of excess hardware capacity d. the control of the shell site is an administrative drain on the company
The information system of Company ABC is deemed to be 90% reliable. A major threat has been identified with an exposure of $5,000,000. Two control procedures exist to deal with the threat. Implementation of control A would cost $140,000 and reduce the risk to 4%. Implementation of control B would cost $100,000 and reduce the risk to 6%. Implementation of both controls would cost $220,000 and reduce the risk to 2%. Given the data and based solely on an economic analysis of costs and benefits, which control procedure should you choose?
What will be an ideal response?
Purchase discounts is credited for trade discounts allowed on purchases
Indicate whether the statement is true or false