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NEW QUESTION: 1
Scenario
Additional Information
Chief Executive Officer (CEO): He started the company 25 years ago and knows his job very well. He injured his leg two years ago which has restricted his visits to the engineering area. As CEO he has an overall perspective of the business strategic requirements and the authority to commit resources as required.
Marketing Director: She has been with the company for three years, following a successful career with a publicity company. She has the ability to represent the needs of the business, particularly as this is a marketing project. She has the authority to commit the annual business marketing budget, from which the project will be funded, as she sees appropriate. She will be responsible for monitoring the expected benefits of the calendar, in particular the improvement of the company's image.
Engineering Manager: He has been responsible for many engineering innovations in the company and is still as keen and energetic as the day he started. VVhilst he will not be part of the project team, his staff will feature in the photos for the promotional calendar.
Central Records: This group of five staff looks after all company records and document control. They now maintain all project files.
Bright Lights: This is the local office supplies company. It supplies all the stationery and office equipment needs of the company and will supply the stationery for this project.
Portraits ltd: This is a professional photographic company with a number of excellent photographers and a history of successful work. This company has been selected to take the photos for the company calendar.
It has yet been decided which of the photographers to use.
Which 2 statements explain why the CEO should be appointed as the Executive for this project?
A. He knows his job very well.
B. He has an overall perspective of the business's strategic requirements.
C. He has the authority to commit resources as required.
D. He restricts his visits to the engineering area.
E. He started the company 25 years ago.
Answer: B,C

NEW QUESTION: 2
On August I, Year 1, an entity issued s-year bonds with a face amount of US $10 million. The funds carry a stated interest rate of 11)35 and interest is payable annually on July 31.
Which is the appropriate classification of bonds payable and the related accrued interest payable on the December 31, Year 5, balance sheet?

A. Classification D
B. Classification C
C. Classification B
D. Classification A
Answer: D
Explanation:
A current liability is an obligation that is expected to be settled within the normal operating cycle or is due to be settled within 12 months of the balance sheet date. Any other liability is noncurrent. Some current liabilities are included in the working capital employed in the normal operation cycle, e.g., trade payables and accrued employee operating costs. Current liabilities not settled within the normal operating cycle include the current part of interest-bearing debt, dividends income taxes, and bank overdrafts. Given that the bonds payable and interest payable are due within 12 months, they should be classified and current.

NEW QUESTION: 3
Refer to the exhibit.

During a short power disruption to cluster 2, director-2-1-A had failed. Power was restored after 5 minutes.
In examining the output of the vault status command, you note that cluster-2's status reads "Cluster is not vaulting/unvaulting".
Why did this message appear?
A. The power disruption did not affect all "A" directors.
B. There was no power disruption at cluster-1
C. The power disruption affected a single director only.
D. The vaulting process runs on cluster-1
Answer: C