vu mgt411 Mid Term Subjective Solved Past Paper No.7
vu mgt411 Money & Banking Solved Past Papers
This subjective solved past paper is related to book/course code vu mgt411 Money & Banking which belongs to vu organization. We have 7 past papers available related to the book/course Money & Banking. This past paper has a total of 6 subjective questions belongs to topic Mid Term to get prepared. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to get prepared for exams by learning subjective questions online on NVAEducatio.
NVAEducation also facilitates users to download these solved past papers with an affordable prices. However, users are not enforced to pay for money, rather they can use credits to buy such stuff on NVAEducation. Users can earn credits for doing some little tasks and then you will be able to use that credits to buy solved past papers on NVAEducation.
| Net income | 666,000 |
| Accounts receivable increased | (50,000) |
| Inventory decreased | 23,000 |
| Pre-paid expenses increased | (35,000) |
| Accounts payable decreased | (55,000) |
| Accrued expenses payable increased | 14,000 |
| Net cash from OP activities | 563,000 |
- Depreciation expense for November
- Interest expense that has accrued during November
- Revenue earned during November that has not yet been billed to customers
- Salaries, payable to company employees that have accrued since the last pay day in November
- e. The portion of the company's prepaid insurance that has expired during November
Adjusting Entries For The Month Ended Nov 30
Requirement:
Indicate the effect of each of these adjusting entries on the major elements of the company's income statements i.e. upon revenue, expenses, net income. Organize your answer in the table given below and use the symbols I for increase, D for decrease, and NE for no effect.
a Deprecation expense
Accumulated depreciation Decrease Increase Decrease
b Interest expense
Accrued interest Decrease Increase Decrease
c Accrued revenue
revenue Increase Decrease Increase
d Salaries
Accrued salaries Decrease Increase Decrease
e Prepaid insurance Increase Decrease Increase
Current Ratio = 2
Acid Ratio = 1.5
Current Liabilities = $500,000
Inventory Turnover = 5
Gross Profit Margin = 20 percent
What were its sales for the year?
2 = current asset / 500,000
current asset = 1000,000
Acid Ratio = (current asset - inventory) / current liabilities
1.5 = ( 1000,000 - inventory) / 500,000
Inventory = 250,000
Inventory Turnover = CGS / inventory
5 = CGS / 250,000
CGS = 1250,000
Sales 100% 1562,500 (1250,000/0.8)
CGS 80% 1250,000
GP20%
Man in the middle attacks
In it the attacker is able to monitor, capture and control data between sending and receiving machines. He may apply IPaddress spoofing technique to divert the packets to its machine, then modify the packets and resend the misleadinginformation to the actual client. Another form of man-in-themiddle attack is where the hacker is able to substitute the IP address of a genuine web site with the IP address of his ownweb site due to some security hole in the software that runson a domain name server. A client would think that he iscommunicating or receiving the information form a genuineweb site, though it would not be the case actually.
