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NEW QUESTION: 1
Can Universal Application-Item Recovery (U-AIR) be performed in the absence of a Virtual Lab?
A. Yes. if the proper infrastructure is configured.
B. Yes, but only with a configured application group.
C. No, a Virtual Lab is always required.
Answer: C
NEW QUESTION: 2
A __________ is a day-by-day, or chronological, record of transactions
A. Asset
B. Ledger
C. Journal
D. Checkbook
Answer: C
NEW QUESTION: 3
Quantree Company is quoted credit terms of 3/15, net 60 (using a 360-day year). The effective cost of not
taking this discount and paying on day 60 is (rounded to nearest hundredth):
A. 24.74 percent.
B. 18.56 percent.
C. 18.00 percent.
D. 24.00 percent.
Answer: A
Explanation:
Choice "a" is correct. The formula for computing the cost of credit discounts is: Choices "b", "c", and "d"
are incorrect, per the above calculation.