Briefly discuss the five encryption components
What will be an ideal response?
The five components are plaintext, encryption algorithm, key or key value, key space, and ciphertext. Plaintext is the original message or document that is created by the user and is in human-readable form. The encryption algorithm is the set of procedures or mathematical functions used to encrypt or decrypt a message. The key or key value is the secret value used with the algorithm to transform the message. Key space refers to the large number of possible key values created by the algorithm to use when transforming the message. Ciphertext is the message or document that has been encrypted into unreadable form.
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Exhibit 20-4 On January 1, 2016, Average Leasing Company entered into a direct financing lease with a lessee, Lenny Company. The lease agreement calls for five equal annual payments of $75,000 at the beginning of each year with the first payment due on January 1, 2016. The leased property has an estimated residual value of $10,000, which Lenny does not guarantee. The property remains the property
of Average at the end of the lease term. Average desires a 12% rate of return. Present value factors for a 12% interest rate are as follows: Present value of $1 for n = 1 0.892857 Present value of $1 for n = 5 0.567427 Present value of an ordinary annuity for n = 5 3.604776 Present value of an annuity due for n = 5 4.037349 ? Refer to Exhibit 20-4. What is the cost of the leased property to Average (round the answer to the nearest dollar)? A) $308,475 B) $302,801 C) $276,032 D) $270,358
Which of the following statements is TRUE about the five forces identified by Michael Porter that determine the intrinsic long-run attractiveness of a market or market segment?
A) A segment is unattractive if the company's suppliers are unable to raise prices or reduce quantity supplied. B) A segment is unattractive if buyers possess strong or growing bargaining power. C) A segment is attractive when there are actual or potential substitutes for the product. D) A segment is attractive if it already contains numerous, strong, or aggressive competitors. E) The most attractive segment is one in which entry barriers are low and exit barriers are high.
Customer concentration can be an important consideration in the quality of receivables
Indicate whether the statement is true or false
In the audit of depletion the auditors must often rely on the work of specialists.
Answer the following statement true (T) or false (F)