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NEW QUESTION: 1
Which of the following can be stored on a workstation? (Choose TWO.)
A. Data objects used by many employees
B. Databases
C. Customer correspondence
D. Payroll information
E. Interoffice memo
Answer: C,E

NEW QUESTION: 2
During customer acceptance, a project manager meets with the stakeholders who claim a bridge was built with two toll gates instead of three. Which of the following documents would clarify the discrepancy?
A. Risk Management Plan
B. Closeout report
C. Lessons Learned
D. Scope Statement
Answer: D

NEW QUESTION: 3
An entity often factors its accounts receivable. The finance company requires an 8% reserve and charges a 1.5% commission on the amount of the receivable. The remaining amount to be advanced is further reduced by an annual interest charge of 16%. What proceedsrounded to the nearest dollar) will the entity receive from the finance company at the time a US $110,000 account that is due in 60 days is turned over to the finance company?
A. US $96,895
B. US $83,630
C. US $99,550
D. US $81,950
Answer: A
Explanation:
The factor will hold out US $8,800$110,000 x 8%) as a reserve against returns and allowances and US $1,650$110,000 1.5%) as a commission. That leaves US 300,50111 to be advanced to the seller. However, interest at the rate of 16% annually is also to be withheld. For 60 days that interest would amount to approximately US $2,655assuming a 360-day year). The proceeds to be given to the seller equal US $96,895$99,550 - $2,655).