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NEW QUESTION: 1
What is the present value of $250 per year for 6 years, with the first cash flow occurring today, rather than
1 year from now? Assume interest is 7% per year, compounded annually.
A. $1,275.05
B. $1,191.63
C. $1,209.48
D. $1,293.55
E. $1,500.00
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Recognize that this question is an annuity due situation, since the first cash flow occurs immediately or at the beginning of each period. Annuities where the first payment occurs 1 period from today (or at the end of each period) are called "ordinary" annuities. This requires placing the calculator into "Begin" mode prior to solving the question. NOTE: Be sure to place the calculator OUT OF annuity due mode after this question before going on to subsequent questions, or you will get the wrong answers! On the BAII Plus, press 2nd BGN. If the display shows END, then press 2nd SET and then 2nd Quit. This will place the BAII Plus into annuity due mode (you can tell this because the BAII Plus will display BGN in small letters). Now press 6 N, 7 I/Y, 250 PMT, 0 FV, CPT PV. Place the calculator back into End mode (for ordinary annuities) by pressing 2nd BGN and then if the calculator is displaying BGN, press 2nd SET and 2nd Quit. The BGN letters should disappear from the display. On the HP12C, press BlueShift END, which is the blue function on the front of the 8 digit key. This places the HP12C into Begin mode (the HP12C shows the word BEGIN in the display when in this mode). Then press 6 n, 7 i, 250 PMT, 0 FV, PV. To place the HP12C back into ordinary annuity mode (or END mode), press BlueShift BEG (the blue function written on the front of the 7 digit key). Note that the answer is displayed as a negative number. Make sure the BAII Plus has the value of P/Y set to 1.

NEW QUESTION: 2
What is the purpose of the Statistics cluster attribute?
A. to calculate availability and downtime levels
B. to provide performance measurements to VIOM
C. to calculate system and network resource usage
D. to collect metering data for supporting AdaptiveHA
Answer: C

NEW QUESTION: 3
Items reported as prior-period adjustments
A. do not require further disclosure in the body of financial statements.
B. do not include the effect of a mistake in the application of accounting principles as this is accounted for as a change in accounting principle rather than a prior-period adjustment.
C. do not affect the presentation of prior-period comparative financial statements.
D. are reflected as adjustments of the opening balance of the retained earnings of the earliest period presented.
E. none of these answers.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Prior-period adjustments are made for the correction of errors. All the effects of errors on prior-period financial statements are reported as adjustments to beginning retained earnings for the earliest period presented in the retained earnings statement.

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