The inventory data for an item for April is listed below. Use
this inventory information to answer the question listed below.
Apr1. inventory 120 units at 33$
10. purchased 40 units at 36$
19. sold 60

Answers

Answer 1

Where the above conditions are given, the inventory balance is $5,250.

What is the explanation for this?

To calculate the inventory balance on April 30 using the weighted-average method in a perpetual system, we need to compute the weighted-average cost per unit and then multiply it by the remaining inventory quantity.

Here's the calculation  -

Apr 1 inventory - 120 units at $33 = $3,960

Purchase on Apr 10  - 40 units at $36 = $1,440

Purchase on Apr 24 -  50 units at $39 = $1,950

Total cost of goods available for sale -

$3,960 + $1,440 + $1,950 = $7,350

Total units available for sale

120 + 40 + 50 = 210 units

Weighted-average cost per unit  -

$7,350 / 210 = $35

Remaining inventory on April 30: 210 - 60 (sold)

= 150 units

Inventory balance on April 30 using weighted-average

150 units * $35

= $5,250

Therefore, the correct answer is

$5,250.

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Full Question:

Although part of your question is missing, you might be referring to this full question:

The inventory data for an item for April is listed below. Use this inventory information to answer the question listed below.

Apr1. inventory 120 units at 33$

10. purchased 40 units at 36$

19. sold 60 units

24. purchased 50 units at 39$

Using a perpetual system, what is the inventory balance on April 30 if the company accounted for inventory using weighted-average?

$1,950

$5,325

$5,400

$5,850


Related Questions

Suppose you hold a portfolio consisting of a $10,000 investment in each of 8 different common stocks. The portfolio's beta is 1.25. Now suppose you decided to sell one of your stocks that has a beta of 1.00 and to use the proceeds to buy a replacement stock with a beta of 1.55. What would the portfolio's new beta be? Do not round your intermediate calculations.

Answers

Answer:

1.31

Explanation:

Portfolio's new beta.

New beta = weight * change in beta

Weight = 0.125

Change in beta=(1.55-1)

Hence:

=.125 * (1.55 – 1)

=.125*0.55

= 0.06875

Hence:

1.25 + .06875

= 1.31

what is the cost of new debt financing to first solar based on current market prices after both taxes (you may use a 30 percent marginal tax rate for your estimate) and flotation costs of $30 per bond have been considered?

Answers

The cost of new debt financing to First Solar based on current market prices after both taxes (with a 30 percent marginal tax rate) and flotation costs of $30 per bond have been considered is approximately 6.42 percent.

Debt financing refers to a method of raising capital or funds for a business or organization by borrowing money from external sources, such as banks, financial institutions, or individuals. In exchange for the borrowed funds, the borrower agrees to pay back the principal amount of the loan plus interest within a specified period of time.

Debt financing can take many forms, such as bank loans, corporate bonds, or lines of credit. It is a common way for businesses to finance their operations, investments, and expansion plans. Compared to equity financing, where a business issues stocks or shares in exchange for funds, debt financing allows the borrower to retain ownership and control of their company while still accessing necessary funds.

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One difference of economic development between northern and southern U.S. states during the early nineteenth century was —
Pilihan jawaban
the growth of the factory system in the North
the support of international tariffs by the South
the growth of ship-building industries in the South
the decline of entrepreneurial innovations in the North

Answers

The growth of the factory system in the North was the difference of economic development between northern and southern US states during the early nineteenth century. The correct answer is A.

What was the difference of economic development between northern and southern US states during the early nineteenth century? During the early 19th century, the US saw a significant increase in economic development in both Northern and Southern states. During this time, however, the growth of the factory system in the North was the biggest difference between the economic development of the two regions. The Southern economy relied heavily on cash crops such as cotton and tobacco, while the Northern economy was based on manufacturing and industry.

Factories began to emerge in Northern cities during the early 1800s, and by the mid-19th century, the region had become the country's industrial powerhouse. The Northern states' industrialization was fueled by a number of factors, including technological advancements, government support, and access to natural resources like coal and iron. Southern states, on the other hand, were less industrialized and continued to rely on agriculture as their main source of income. Therefore the correct answer is A.

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Complete the following sentence. Because money functions as a ________ it eliminates the need for bartering.
A. store of value
B. double coincidence of wants
C. medium of exchange

Answers

The answer to the question is C. medium of exchange. Money functions as a medium of exchange because it is a common unit of measurement that can be used to buy and sell goods and services. This eliminates the need for bartering, which is the direct exchange of goods and services.

Bartering is a system of exchange in which goods and services are directly exchanged for other goods and services. This system is inefficient because it requires both parties to have something that the other party wants. For example, if a farmer wants a haircut, he would need to find a barber who wants a bushel of wheat. This can be difficult and time-consuming.

Money solves this problem by providing a common unit of measurement that can be used to buy and sell goods and services. This means that the farmer can sell his wheat to anyone who has money, and then use that money to buy a haircut from any barber. This system is much more efficient than bartering.

In addition to eliminating the need for bartering, money also has other advantages. It is a store of value, which means that it can be saved and used to purchase goods and services in the future. It is also a standard of deferred payment, which means that it can be used to make payments for goods and services that will be delivered in the future. Money is an essential part of the modern economy. It allows for the efficient exchange of goods and services, and it provides a store of value and a standard of deferred payment.

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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false

Answers

Hiring labour is different from buying other goods and services, and the contract between the employer and the employee is incomplete. It does not cover what the employer really cares about, which is how hard and well the employee works.

A very large company would be most likely to have a(n)
Blank its accounting department.
at the head of

Answers

Answer:

manager or head of accounting that makes the most sense to me

Explanation:

Why are mutual funds considered a high-risk form of investment?
A. They rely on risky practices such as investing borrowed money.
B. They are owned and controlled by the federal government.
C. They cannot be withdrawn for at least 30 years after investment.
D. They involve buying stocks that have unpredictable value.

Why are mutual funds considered a high-risk form of investment?A. They rely on risky practices such as

Answers

Mutual funds are considered a high-risk form of investment because they involve buying stocks that have unpredictable value. Therefore, (D) is the correct option.

What are Mutual Funds?

A corporation that pools money from several investors and invests it in stocks, bonds, or other assets is known as a mutual fund.

They are considered highly risky because they deal with unpredictable stock.

Therefore, (D) is the correct option.

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Question 8
1 p
Tanner is entering high school and needs to save as much money as he can for college. What rate
of return must Tanner earn for his investment of $5,000 to double in 4 years?
%

Answers

Answer:

It must be invested at 19% per year.

Explanation:

Given that Tanner is entering high school and needs to save as much money as he can for college, to determine what rate of return must Tanner earn for his investment of $ 5,000 to double in 4 years, the following calculation must be performed:

72 / X = 4

72/4 = X

18 = X

Thus, approximately, it must be invested at 18% per year. But it must be checked by the following calculation:

5000 x 1.18 ^ 4 = 9,693.88

5000 x 1.19 ^ 4 = 10,026.69

Thus, it must be invested at 19% per year.

Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $250,500, its fair value. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. ) Related Information: Lease term 2 years (8 quarterly periods) Quarterly lease payments $15,500 at Jan. 1, 2021, and at Mar. 31, June 30, Sept. 30, and Dec. 31 thereafter Economic life of asset 5 years Interest rate charged by the lessor 12% Required: Prepare a lease amortization schedule and appropriate entries for Baillie Power from the beginning of the lease through December 31, 2021. December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter

Answers

The Lease balance at the beginning based on the information provided after calculation is 112069.

Lease balance at the beginning =  $15,500 * (1-(1+3%)^(-8))/3% +3%

                                                       =112069.

Payment        lease pay         eff interest       decrease bal    lease balance

1/1/21                                                                                              $112069

1/1/21                $15500                                                                  $96569

3/31/21              $15500             $2897              $12603               $83966

6/30/21            $15500              $2519               $12981               $70985

9/30/21            $15500              $2130               $13370               $57615

12/31/21            $15500              $1729               $13771                $43844

3/31/21              $15500             $1315                $14185                $29659

6/30/22            $15500             $890                $14610                $15049

9/30/22            $15500             $451                 $15049                  $0

lease payment = $15500

effective interest = 3% * previous lease balance

decrease in balance = lease payment - effective interest

lease balance = previous lease balance - decrease in bal

Journal entry

January 1, 2021, lease equipment from Courtney Leasing is as follows:

Dr Right of use asset 112,069

   Cr Lease liability 112,069

January 1, 2021, first lease payment  

Dr Lease expense 15,500

   Cr Cash 15,500

Dr Lease liability 15,500

   Cr Right of use asset 15,500

March 31, 2021, second lease payment

Dr Lease expense 15,500

   Cr Cash 15,500

Dr Lease liability 12,603

   Cr Right of use asset 12,603

June 30, 2021, third lease payment

Dr Lease expense 15,500

   Cr Cash 15,500

Dr Lease liability 12,981

   Cr Right of use asset 12,981

September 30, 2021, fourth lease payment

Dr Lease expense 15,500

   Cr Cash 15,500

Dr Lease liability 13,370

   Cr Right of use asset 13,370

December 31, 2021, fifth lease payment

Dr Lease expense 15,500

   Cr Cash 15,500

Dr Lease liability 13,771

   Cr Right of use asset 13,771

March 31, 2022, sixth lease payment

Dr Lease expense 15,500

   Cr Cash 15,500

Dr Lease liability 14,185

   Cr Right of use asset 14,185

June 30, 2022, seventh lease payment

Dr Lease expense 15,500

   Cr Cash 15,500

Dr Lease liability 14,610

   Cr Right of use asset 14,610

September 30, 2022, eighth lease payment

Dr Lease expense 15,500

   Cr Cash 15,500

Dr Lease liability 15,049

   Cr Right of use asset 15,049

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Historically, what was the main economic activity found in barcelona?

Answers

The main economic activity historically found in Barcelona was textile manufacturing and trade. Barcelona, due to its strategic location, played a significant role in the Mediterranean trade network, with a focus on textile production, particularly in the 18th and 19th centuries.

The main economic activity historically found in Barcelona was trade and commerce due to its strategic location on the Mediterranean Sea. However, in the late 19th and early 20th centuries, Barcelona experienced a significant industrial boom, particularly in the textile and manufacturing sectors. This led to the city becoming a major center for the production and exportation of goods, which greatly contributed to its economic growth and development. Overall, while trade and commerce were historically the main economic activities in Barcelona, the city's industrialization brought about a significant shift in its economic focus.

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on your own words, write short note on 3 Types of organizational market​

Answers

Answer: 3 types of organizational market are producers, resellers and institutions. Producers buy goods and services and transform them into a sellable product, which they sell to their customers for the purpose of making a profit. Examples of producers are farmers, manufacturers and construction companies. Reseller market consists of individuals or companies that purchase goods and services produced by others for resale to consumers. Insttitutions are a market consisting of schools, universities, hospitals, charities, clubs and similar organisations which buy goods and services for use in the production of their own goods and services.

Explanation:

A/An ____ is an open order, usually effective for 6 months to one year, covering routine purchases of an item or family of items. a. pending order b. completed order c. order acceptance d. outstanding order e. blanket purchase order

Answers

The type of purchase order that is usually effective for a period of 6 months to one year, which covers routine purchases on an item is called: e. blanket purchase order

What is a Blanket Purchase Order (BPO)?

A blanket purchase order can be described as an agreement signed between a supplier and an organization, for a recurring good or service to be delivered at a set price over a period of as much as between 6 months to up to a year.

Benefits of Blanket Purchase Order (BPO)Reduction of cost.Increases purchasing powerPurchasing lead time is shortenedImproves Efficiency, among others.

Therefore, the type of purchase order that is usually effective for a period of 6 months to one year, which covers routine purchases on an item is called: e. blanket purchase order

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What is a command economy controlled by?

Answers

Command economy is controlled by the Central Government.

A command economy is a key aspect of a political system in which a central governmental authority dictates the levels of production that are permissible and the prices that may be charged for goods and services. Most industries are publicly owned. The main alternative to a command economy is a free market system in which demand dictates production and prices. The command economy is a component of a communist political system, while a free market system exists in capitalist societies.

In a command economy, the central government dictates the level of production of goods and controls their distribution and prices. Proponents of command economies argue government control rather than private enterprise can ensure the fair distribution of goods and services.

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if a small country imposes a tariff, then group of answer choices the world price on that item will shift. the producers must suffer a loss. the consumers must suffer a loss. the government revenue must suffer a loss. the demand curve must shift to the left.

Answers

If a small country imposes a tariff, then consumers must suffer a loss.

The tariff has a negative impact on the consumers of the importing country. Market consumer surplus is decreased by the rise in domestic prices for both imported and domestic items.

The tariff benefits the producers in the importing country. The increase in product price raises the market producer surplus. As a result of the tariff, the government also gets benefitted. These funds assist a variety of government expenditure initiatives, helping the government as a whole.

What are tariffs?

A tariff is a levy imposed on imports and exports of goods. When a tariff is applied to a product, the price of that product increases. Tariffs are generally levied on imports.

What is the purpose of tariffs ?

Generally, tariffs are employed to safeguard a nation's economic interests. Tariffs can:

Help domestic businesses sell more products by increasing the price of some imported commodities.Help in employment generation.Protect emerging firms from global competition.

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No real question. But anyone know this answer, If your are a doctor, DO ANY of you know how to bring a frozen person back to life. I looked it up and it said a human that is frozen can be brought back to life, I just want to double-check

Answers

Answer:

prob melt them with fire but you gotta be careful because you can burn then if not i guess just use potions or something?

Explanation:

At the moment there is no way to bring back a frozen person to life. The reason for that is because we still don’t know how and we don’t have the right equipment to bring them back.

Explain one reason why a business may use social media to promote

Answers

Answer:

Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers

Explanation:

Define the following:
1. Allocation of resources
2. Economic system
3. Market economy

Answers

Allocation of resources is the assignment of available resources to various uses.Economic system is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.Market economy is an economic system where supply and demand, direct the production of goods and services.

1. Allocation of resources

apportionment of productive assets among different uses.

2. Economic system

by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.

3. Market economy

an economic system where two forces, known as supply and demand, direct the production of goods and services.

eg: US, Japan

A famous Caran d'Ache company of Switzerland makes and sells pencils in a perfectly competitive product market and hires workers in a perfectly competitive labor market. Assume that the market wage rate for workers is $120 per day.

Answers

The profit-maximization occurs at that point for a perfectly competitive firm where marginal revenue is equal to marginal cost—that is, where MR = MC.

What is perfect competition?

Perfect competition is a market structure where many firms offer a homogeneous product. Because there is freedom of entry and exit and perfect information, firms will make normal profits and prices will be kept low by competitive pressures.

In the perfect competitive market, there are many firms  in the market; Freedom of entry and exit; this will require low sunk costs and all firms produce an identical or homogeneous product.

The profit-maximization occurs at that point for a perfectly competitive firm where marginal revenue is equal to marginal cost that is, where MR = MC of a firm.

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Dude, Inc, purchases 3-year bonds from Bunny, Inc on 1/1/2022. The bonds have a $400,000 face value with a stated annual interest rate of 8%, and pay interest every 6 months. Given Bunny's risk profile, Dude requires an effective yield of 12%. At the time of the first payment, interest rates have shifted and the market value of the bonds is $370,000. At the time of the second payment, the market value of the bonds remains $370,000. First, assume Dude classifies the bonds as held-to maturity, and: A) Prepare the necessary journal entries to record the bond purchase. B) Prepare the necessary journal entries to record the first interest payment and (if needed), any fair value adjustment at that time. C) Prepare the necessary journal entries to record the second interest payment, and (if needed), any fair value adjustment at that time. D) Dude opts to sell their bonds in Bunny after the third interest payment. The buyer requires a 10% annual yield. Please record the journal entries necessary for that sale. Second: repeat A through C if Dude had classified their bonds as available-for-sale, Third: repeat A through C if Dude has classified their bonds as trading securities.

Answers

A) Prepare the necessary journal entries to record the bond purchase.

When Dude, Inc, purchases 3-year bonds from Bunny, Inc on 1/1/2022, the necessary journal entries to record the bond purchase are:

DateAccountTitleDebitCreditJan 1, 2022

Bonds Payable$400,000Cash$370,000

Discount on Bonds Payable$30,000

The debit entry to the Bonds Payable account represents the face value of the bonds issued, $400,000.  

The credit entry to Cash account represents the amount paid for the bonds on 1/1/2022.

The $30,000 credit to Discount on Bonds Payable represents the difference between the face value of the bonds and the purchase price.

The bond discount represents the market rate of interest being higher than the stated rate of interest.

B) Prepare the necessary journal entries to record the first interest payment and (if needed), any fair value adjustment at that time.

When the market value of the bonds is $370,000 at the time of the first payment, the necessary journal entries to record the first interest payment and (if needed), any fair value adjustment at that time are:

DateAccountTitleDebitCreditJuly 1, 2022

Interest Expense$24,000Cash ($400,000 x 8% x 6/12)$16,000

Discount on Bonds Payable$8,000

The Interest Expense of $24,000 is computed as $400,000 x 8% x 6/12.

The $16,000 credit to Cash represents the cash payment of the semiannual interest.

The $8,000 debit to Discount on Bonds Payable represents the amortization of the discount on the bonds due to interest expense. If the bonds were classified as held-to-maturity, no fair value adjustment is necessary.

C) Prepare the necessary journal entries to record the second interest payment, and (if needed), any fair value adjustment at that time.

When the market value of the bonds remains $370,000 at the time of the second payment, the necessary journal entries to record the second interest payment, and (if needed), any fair value adjustment at that time are:

DateAccountTitleDebitCreditJan 1, 2023

Discount on Bonds Payable$8,218July 1, 2023

Interest Expense$24,000Cash ($400,000 x 8% x 6/12)$16,000

The Discount on Bonds Payable as of Jan 1, 2023 is computed as $30,000 - ($24,000 - $8,218).

The $8,218 is the unamortized discount as of 12/31/2022.

The debit entry to Discount on Bonds Payable is necessary to adjust the account balance to the actual carrying amount.

The Interest Expense of $24,000 is computed as $400,000 x 8% x 6/12.

The $16,000 credit to Cash represents the cash payment of the semiannual interest.

If the bonds were classified as held-to-maturity, no fair value adjustment is necessary.

D) Dude opts to sell their bonds in Bunny after the third interest payment.

The buyer requires a 10% annual yield. Please record the journal entries necessary for that sale.

When Dude opts to sell their bonds in Bunny after the third interest payment, and the buyer requires a 10% annual yield, the journal entries necessary for that sale are:

DateAccountTitleDebitCreditJan 1, 2024

Cash$428,537

Bonds Payable$400,000

Gain on Bond Redemption$28,537

The cash proceeds of the bond sale are $428,537.

The Bonds Payable is retired at its carrying amount of $400,000.

The $28,537 credit to Gain on Bond Redemption represents the difference between the cash proceeds and the carrying amount of the bonds.

The journal entries would be different if the bonds were classified as available-for-sale or trading securities. Please provide more information.

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what is pupil reflex?​

Answers

Answer:

constriction of the pupil that is elicited by an increase in illumination of the retina

Explanation:

What is location analysis

Answers

Answer:

Location analysis is a technique for discovering, assessing and specifying the optimal placement of an organization's people, information, activities, and materials.Location models are key in performing location analysis by providing a well-documented common vision of current and desired location arrangements.

for which person would renting a home be a better option than getting a mortgage?

Answers

Answer:

Someone who wants ro avoid spending time and money on maintenace

Explanation:

True or False: Classifying products into meaningful categories helps marketers decide which strategies and methods will help promote a business's product or service.

Answers

True. Product categorization assists marketers in determining which techniques and approaches will best promote a company's product or service. Marketers may acquire a better knowledge.

of each product and its market potential by categorizing them based on its qualities, features, advantages, and target audience. This data may then be utilized to create effective marketing plans and select the best channels and approaches for reaching out to and engaging potential clients. If a product is classed as a luxury item, the marketer may opt to target wealthy clients through high-end retail establishments, high-end periodicals, and exclusive events. If, on the other hand, a product is designated as a low-cost item, the marketer may opt to target low-cost clients through discount outlets.

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if carissa has a $255,000 home insured for $190,000, based on the 80 percent coinsurance provision, how much would the insurance company pay for a claim of $5,000?

Answers

The 80 percent coinsurance provision requires homeowners to insure their property for at least 80 percent of its replacement value. In this case, Carissa's home is insured for $190,000.the insurance company would pay $4,375 for a claim of $5,000

Which is less than 80 percent of the home's value ($255,000). To calculate the amount the insurance company would pay for a claim, we use the following formula: Insurance Payment = (Insurance Coverage / Required Coverage) x Claim Amount Using the given values: Insurance Payment = ($190,000 / 0.80) x $5,000 = $237,500 x $5,000 = $4,375 According to the formula. This amount is determined by multiplying the ratio of the insurance coverage to the required coverage (0.80) by the claim amount. It's important to note that the coinsurance provision encourages homeowners to adequately insure their property to avoid penalties or reduced claim payments. In this case, since the insurance coverage is less than the required coverage.

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"The following information relates to the Northeast Division:
Sales $600,000
Variable costs 360,000
Traceable fixed costs 60,000
Average invested capital 120,000
Imputed interest rate 8%
Residual income was"

A. $170,400
B. $180,000
C. $189,600
D. $230,400

Answers

The closest option to the calculated residual income is option A) $170,400.

For residual income, we need to first calculate the operating profit and then subtract the weighted average cost of capital (WACC),

Next, we need to calculate the WACC by multiplying the cost of debt by the debt ratio and the cost of equity by the equity ratio. The debt ratio is 0.5 and the equity ratio is 0.5.

For residual income is:

Residual income = Operating income - (Average invested capital x Imputed interest rate)

Operating income = Sales - Variable costs - Traceable fixed costs

Operating income = $600,000 - $360,000 - $60,000 = $180,000

Residual income = $180,000 - ($120,000 x 8%) = $171,600

Therefore, the closest option to the calculated residual income is option A) $170,400.

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3. When you find an error on a credit report, what are 2 things to do?

Answers

Answer:

If you've spotted an error on one of your credit reports, you should take immediate steps to correct the inaccuracy.

-Send a letter to the credit bureau.

-Determine if you should contact the data furnisher as well.

Explanation:

okay?

what are some good reasons to become a illustrator

Answers

Answer:

able to create anything on a daily basis, sketch, and you can also get really big rewards from it

How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

YO CAN YALL SEND HELP MY BRAIN ISNT WORKING TODAY

Which of the following statements are true of hacking? Check all of the boxes that apply.

-It is the practice of cutting network cables to damage a network infrastructure.

-It is the practice of finding weaknesses in a computer or computer network.

-It is always illegal.

-It is sometimes practiced by network security professionals.

Answers

Answer:

B and D

Explanation:

The  statements true of hacking are

It is the practice of finding weaknesses in a computer or computer network.It is sometimes practiced by network security professionals.What is hacking?

Computer hackers who are motivated by monetary gain engage in illegal conduct when they attempt to attack digital equipment like computers. This is known as hacking.

They start experimenting with different applications while they look for online instruction. Due to their inexperience and potential for initial perception as little more than an internet troll or beginner.

As opposed to building security systems, breaching them involves greater knowledge and skill. Hackers cannot be neatly grouped together according to any absolute standards in order to gain confidential information.

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"I can't believe it! We've spent 18 months developing a relationship with that client. Our families have even socialized together. We've become friends. And they use a one-sentence memo to tell us that we were not selected for the big contract! Not a word of thanks, not a clue as to why we were not selected. I'm very disappointed" said Hugh, Vice President of Sales. Hugh was particularly disappointed because:__________.
i. a personal text message would have been the richest medium for communicating this information memos are the least rich medium for communicating this information
ii. a personal note would have been the richest medium for communicating this information
iii. a face-to-face meeting would have been just as rich as an electronic mail message.
iv. a phone call would have been a richer medium for communicating than a face-to-face conversation

Answers

Answer:

ii. a personal note would have been the richest medium for communicating this information

Explanation:

ii. a personal note would have been the richest medium for communicating this information

In the given passage, Hugh was particularly disappointed because a personal note would have been the richest medium for communicating this information. Therefore, option B is the correct option.

When does a person face disappointment?

A person faces disappointment when his or her expectations or desires are not accomplished. Disappointment means unhappiness which is caused when some desire or wanted thing is lost or can not be obtained.

In the given passage, since Hugh and his family spent so much time with the client and his family, he expected them that they should at least inform them informally about their being rejected for the contract. The reason behind his disappointment is the expectation and not fulfilling the same as he wanted. Disappointment is the consequence of thoughts and expectations which are different from reality.

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