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4 years ago

Which term identifies the occurrence of the system denying access to someone who is actually authorized?

1 answer:

5 0

False negative is the term identifies the occurrence of the system denying access to someone who is actually authorized. It is the inability of a network device to detect real security events under circumstances. Therefore, not detecting or alerted by any malicious activities.

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For each event listed below, identify the accounts that should be used to record the economic event and the dollar amount for th

creativ13 [48]

Answer: C $9,400,000 E $600,000; B $10,000,000

Explanation:

The Company Issued bonds worth $10,000,000 but only received $9,400,000 in cash.

This means that they issued the Bonds at a discount. With the discount being the difference between how much was issued and how much was received.

This discount will be sent to the Discount on Bonds Payable account.

The Cash received of $9,400,000 will be sent to the cash account.

The company will still have to pay the entire figure of $10,000,000 in bonds so the full amount will go to the Bonds Payable account.

The Journal Entry is thus,

DR Cash $9,400,000

DR Discount on Bonds Payable $600,000

CR Bonds Payable $10,000,000

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3 years ago

Use the following data to determine the total amount of working capital from the Banner Auto Supplies Balance Sheet for December

Komok [63]

Answer:

b. 240,000

Explanation:

Calculation to determine the total amount of working capital

First step is to calculate the Current assets

Using this formula

Current assets = Cash + Accounts receivable + Inventory + Prepaid insurance

Let plug in the formula

Current assets= $70,000 + 100,000 + 140,000 + 80,000

Current assets= $390000

Second step is to calculate the Current liabilities using this formula

Current liabilities = Accounts payable + Salaries and wages payable

Let plug in the formula

Current liabilities= $130,000 + 20,000

Current liabilities= $75,000

Now let calculate the working capital using this formula

Working capital = Current assets - Current liabilities

Let plug in the formula

Working capital = $390,000 - 150,000

Working capital = $240,000

Therefore the Working capital is $240,000

4 0

3 years ago

When the amount of revenue collected in advance decreases during an accounting period:(A) Accrual-basis revenues exceed cash col

otez555 [7]

Answer:

The correct answer is letter "A": Accrual-basis revenues exceed cash collections from customers.

Explanation:

Revenue collected in advance are profits collected usually at the beginning of a contractual agreement that implies obligations from the firm for a certain time. For instance, insurance companies charging a one-time payment for an annual policy fall into this category.

The accrual basis of accounting states that profits are reported on the income statement as they are earned. In that case, if the revenue collected in advance decreases, the accrual-basis revenues will be higher than the cash collections from customers under the advanced payment method.

5 0

3 years ago

Tops Co. purchases equipment for $12,000 and has been using straight-line depreciation, estimating a 5-year life and $500 salvag

lisov135 [29]

Answer:

According to the straight-line depreciation, this number can be obtained by dividing the difference between an asset's cost and its expected salvage value.

<u>Depreciation</u> = Asset's Cost - Expected Salvage Value ÷ Expected Years of use

Explanation:

In the case of Tops Co., they purchase equipment for $12,000 - $500 of Salvage Value expected ÷ 5 Expected years of use

The estimated depreciation will be $2,300 for 5 years

At the beginning of the third year Tops Co. decided to use the equipment for 6 years and no salvage value.

The remaining purchase value will be $12,000 - $2,300 (x3) = $5,100

Apply again the formula described above and our answer will be:

The revised estimated depreciation is $1,700 for the remaining three years.

4 0

3 years ago

Read 2 more answers

In 2018, Glumland's planned investment was $100 billion and its actual investment was $140 billion. In 2018, Glumland's unplanne

nekit [7.7K]

Answer:

The correct answer is (A)

Explanation:

Glumland's planned investment was $100billion before they started the business. During the period, the investment increased from $100billion to $140 billion. So, the difference between planned and actual investment is;

$140 b - $ 100b = $40 b

The difference is $40 billion, which is also the unplanned inventory because unplanned inventory is the difference between planned and actual cost or investment.

4 0

3 years ago