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NEW QUESTION: 1
Czech Ltd. shipped goods to a customer on December 30, 1998. Since Czech used the shipping company requested by the customer, the customer took the risk of the goods not being delivered by the shipping company. The customer received the goods on January 6, 1999. The selling price of the goods was $57,000. The sale was recorded by Czech on January 2, 1999. Czech had paid $42,000 for the goods and used the periodic method to account for its inventory. Which of the following statements with respect to this transaction is true?
A. Income for 1999 is overstated by $15,000.
B. Income for 1998 is understated by $42,000.
C. Revenues for 1998 are understated by $57,000.
Answer: C
Explanation:
The revenue should be recorded in 1998 since the goods were shipped before the year end.

NEW QUESTION: 2
DRAG DROP
Refer to the exhibit. Complete this network diagram by dragging the correct device name or description to the correct location. Not all the names or descriptions will be used.

Answer:
Explanation:

NEW QUESTION: 3
Which tool best describes how a business generates revenue and delivers value to its customers?
A. sales and marketing plan
B. business motivation model
C. balanced scorecard
D. business model canvas
Answer: D

NEW QUESTION: 4
Choose what BEST describes the Policy Layer Traffic Inspection.
A. If a packet does not match any of the inline layers, the packet will be matched against the Implicit Clean-up Rule.
B. If a packet matches an inline layer, it will continue matching the next layer.
C. If a packet does not match any of the inline layers, the matching continues to the next Layer.
D. If a packet does not match a Network Policy Layer, the matching continues to its inline layer.
Answer: B
Explanation:
Explanation/Reference:
Reference: https://community.checkpoint.com/thread/1092