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NEW QUESTION: 1
The following costs were incurred by Griff Co., a manufacturer, during 1992:
What amount of these costs should be reported as general and administrative expenses for 1992?
A. $260,000
B. $550,000
C. $635,000
D. $810,000
Answer: A
Explanation:
Choice "a" is correct. General and administrative expenses include:
Freight-in is part of cost of sales; freight-out is a selling expense; and sales salaries are selling expenses.
Choice "b" is incorrect. Freight-in is part of cost of inventory; freight-out is a selling expense; and sales
salaries are selling expenses.
Choice "c" is incorrect. Freight-in is part of cost of inventory; freight-out is a selling expense; and sales
salaries are selling expenses.
Choice "d" is incorrect. Freight-in is part of cost of inventory; freight-out is a selling expense; and sales
salaries are selling expenses.
NEW QUESTION: 2
Which of the following can be hot-swappable?
A. Floppy drive
B. DVD-RW
C. Tape drive
D. Hard drive
Answer: D
NEW QUESTION: 3
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C. It allows a virtual machine to retain its MAC and IP addresses when it is moved to different hypervisor on a different L3 network
D. The virtual machines reside on a single virtual network regardless of their physical location
E. It supports up to 32 million virtual segments per instance
Answer: A,D
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