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NEW QUESTION: 1
When prices are falling, which of the following is/are true?
I. FIFO results in higher current assets.
II. LIFO results in higher taxes.
III. LIFO results in higher income.
IV. FIFO allows earnings manipulation through purchasing behavior.
A. II, III & IV
B. II & III
C. I & IV
D. II only
Answer: B
Explanation:
Explanation/Reference:
Explanation:
When prices are falling, the units purchased later have a lower purchase price. Therefore, under the FIFO cost-flow assumption, the higher cost goods will be assumed to have been sold first. This will raise COGS, lower the ending inventory value (and therefore lower current assets), lead to lower income and hence lower income taxes compared to LIFO. However, earnings manipulation is not possible under FIFO.
NEW QUESTION: 2
Refer to the exhibit.
An Intersight API is being used to query RackUnit resources that have a tag keyword set to "Site". What is the expected output of this command?
A. error message because the Value field was not specified
B. list of all resources that have a tag with the keyword "Site"
C. error message because the tag filter should be lowercase
D. list of all sites that contain RackUnit tagged compute resources
Answer: B
NEW QUESTION: 3
What represents the decimal equivalence of 01101110?
A. 0
B. 1
C. 2
D. 3
Answer: D
NEW QUESTION: 4
For this question, refer to the Dress4Win case study. You want to ensure that your on-premises architecture meets business requirements before you migrate your solution.
What change in the on-premises architecture should you make?
A. Resize compute resources to match predefined Compute Engine machine types.
B. Containerize the micro services and host them in Google Kubernetes Engine.
C. Replace RabbitMQ with Google Pub/Sub.
D. Downgrade MySQL to v5.7, which is supported by Cloud SQL for MySQL.
Answer: A