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NEW QUESTION: 1
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 $99,550
C. US $81,950
D. US $83,630
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).
NEW QUESTION: 2
After adding a single VM vApp backend to an existing 4VM vApp deployment, by default, what would the tertiary backend instance names be?
A. Default, apg5, apg6, apg7, apg8
B. apg5, apg6, apg7, apg8
C. apg1, apg2, apg3, apg4
D. Default, apg1, apg2, apg3, apg4
Answer: C
NEW QUESTION: 3
If a sample size of 16 yields an average of 12 and standard deviation of 3, estimate the 95% confidence interval for the population (assume a normal distribution).
A. Option A
B. Option D
C. Option B
D. Option C
Answer: A
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