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NEW QUESTION: 1
During the last year, an organization had an opening inventory of $300,000, purchases of $980,000, sales of
$1,850,000, and a gross margin of 40 percent. What is the closing inventory if the periodic inventory system is used?
A. $540,000
B. $170,000
C. $300,000
D. $280,000
Answer: B

NEW QUESTION: 2
You are describing virtual machines to your manager. He asks you how virtual machines communicate on the network. Which of the following statements is true?
A. Virtual machines require special hardware network cards to communicate on the physical network.
B. Virtual machines use virtual network cards from VMware to communicate on the physical network.
C. Virtual machines are always directly connected to a physical network card in your ESXi host.
D. Virtual machines are unable to communicate on the physical network.
Answer: B
Explanation:
Reference:http://www.techrepublic.com/blog/virtualization-coach/understanding-vmware-commonnetworking-terminology/(see bridged networking)

NEW QUESTION: 3
An interest rate CAP can be defined as:
A. a series of American call options on FRAs
B. a series of European put options on FRAs
C. a series of European call options on FRAs
D. a series of American put options on FRAs
Answer: C