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NEW QUESTION: 1
A company signs a long-term construction contract for $10 million. In the first Year of the contract, costs to date totaled $4 million, of an estimated $8 million in costs. The company received cash payments of $7 million. The gross profit recognized in year one, under the percentage of completion method would be:
A. $1 million.
B. $3 million.
C. $-0-.
Answer: A
Explanation:
Percentage-of-completion recognizes gross profit on a percentage basis. Since half the contract is completed ($4 million/$8 million), half the gross profit can be recognized. Gross profit is $10 less estimated costs of $8 million = $2 million/2 = $1 million.

NEW QUESTION: 2
A company that has consistently achieved a high level of on-time delivery performance has decided to reduce its inventory level significantly. Which of the following outcomes is the most likely effect of that decision on the company's on time delivery performance?
A. It will improve and then stabilize at a higher level.
B. There will be no effect.
C. It will decline until sales erode.
D. It will decline and then stabilize at a lower level.
Answer: D

NEW QUESTION: 3
You have a SQL Server database named MyDB that uses SQL Server Authentication.
Which connection string should you use to connect to MyDB?
A. Data Source=MyDB; UserID=username; Password=P@sswOrd; Initial Catalog=Sales
B. Data Source=MyDB; Integrated Security=True; Initial Catalog=Sales
C. Data Source=MyDB; Trusted_Connection=True; MultipleActiveResultSets=True; Initial Catalog=Sales
D. Data Source=MyDB; Integrated Security=SSPf; Initial Catalog=Sales
Answer: A
Explanation:
Integrated Security
Integrated Security is by default set to false.
When false, User ID and Password are specified in the connection.
Incorrect:
not C: Windows Authentication (Integrated Security = true) remains the most secure way to
log in to a SQL Server database.