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NEW QUESTION: 1
You use a computer that has Windows 7 SP1 installed. The computer has a shared folder named C:\Software.
User1 is a local user account on the computer. The account is a member of several groups that have access to the C:\Software folder.
You need to verify whether User1 can save files to C:\Software.
What should you do?
A. view the Share permissions on C:\Software.
B. Run the Net View command.
C. Run the Wfs C:\Software command.
D. in the Advanced Security Settings for the Documents folder, select the Effective Permissions tab.
Answer: A
NEW QUESTION: 2
A. Option B
B. Option D
C. Option C
D. Option A
Answer: D
NEW QUESTION: 3
Which statement(s) is/are FALSE?
I). Under the LIFO method of inventory valuation, the ending merchandise inventory would be valued at the purchase price of the most recent purchases.
II). During extended periods of rising prices, the FIFO method of inventory valuation will yield a higher cost of goods sold and a lower ending merchandise inventory, when compared to the LIFO method of inventory valuation.
III). The accounting principle of consistency prohibits any changes in the method of inventory valuation.
IV). JIT means just in time and is an inventory method where the raw materials for production are purchased in smaller quantities after orders have been taken for the manufactured products.
A. I, II and III.
B. II, III and IV.
C. I, II and IV.
Answer: A
Explanation:
I). LIFO means 'last-in, first-out'--the cost of the last items purchased are charged to the most recent sales. The merchandise inventory at the end of the year is considered to be from the oldest purchases.
II). The FIFO method will result in a lower cost of goods sold and a higher ending merchandise inventory
(valued at first-in costs).
III). While consistency should be maintained, legitimate changes are allowed. However, the nature, justification, and effect of the change on net income must be disclosed (full-disclosure principle).
IV). JIT inventory systems require reliable suppliers and efficient handling and shipping of materials.
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