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NEW QUESTION: 1
The entity had sales for the period of:
A. US $1,188,890
B. US $1,100,000
C. US $1,466,667
D. US $891,667
Answer: A
Explanation:
Gross profit equals 30% of sales. Thus, dividing gross profit by 30% yields sales. Gross profit equals profit before interest and tax PBIT plus administrative expense given as US $40,000) and depreciation US $500,000 fixed assets 10 years = US $50,000). Interest equals 10% of the long-term debt, or US $100,000 x 10%). Profit before tax equals US $166,667 [$100,000 profit -1.0 - 40% tax rate)]. Hence, PBIT must equal US $266,667$166,667 + $100,000), and gross profit must be US $356,667$266,667 PBIT+$40,000 administrative expense + $50,000 depreciation). Sales is therefore US $1,118,890$356,667 gross profit - 30% gross profit rate). At the end of the accounting period, an entity has the partially completed financial statements shown as follows.

NEW QUESTION: 2
In an outbound campaign, how many offers can you send out to a customer?
A. As many as allowed by the volume constraints
B. As many as available in the corresponding issue and group
C. Only one
D. As many as selected by the marketing strategy
Answer: D

NEW QUESTION: 3
Which backup job option can be used to manage hard drive storage in a backup destination?
A. storage management
B. low disk space threshold
C. limit the number of recovery points
D. default backup destination
Answer: C