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NEW QUESTION: 1
Skimming cases can more likely to be detected by:
A. Internal controls
B. occupational frauds
C. Accidents
D. Internal audits
Answer: C

NEW QUESTION: 2
A customer wants to replace an existing HDS system connected to an IBM z/OS mainframe with a storage solution to reduce cooling requirements and potential of mechanical failure.
Which storage solution should the technical specialist recommend?
A. IBM DS8886 HPFE
B. IBM DS8884 with SAS drives
C. IBM FlashSystem V9000
D. IBM FlashSystem 900
Answer: B
Explanation:
Explanation/Reference:
IBM invented the z Systems I/O architecture. Systems, SAN and DS8880 are jointly developed.

NEW QUESTION: 3
An entity obtained a short-term bank loan of US $250,000 at an annual interest rate of 6%. As a condition of the loan, the entity is required to maintain a compensating balance of US $50,000 in its checking account. The entity's checking account earns interest at an annual rate of 2 %. Ordinarily, the entity maintains a balance of US $25,000 in its checking
account for transaction purposes. What is the effective interest rate of the loan?
A. 6.44%
B. 7.00%
C. 5.80% D 6.66%
Answer: A
Explanation:
The US $50,000 compensating balance requirement is partially satisfied by the entity's practice of maintaining a US $25,000 balance for transaction purposes. Thus, only US $25,000 of the loan will not be available for current use, leaving US $225,000 of the loan usable. At 6% interest, the US $250,000 loan would require an interest payment of US $15,000 per year. This is partially offset by the 2% interest earned on the US $25,000 incremental balance, or US $500. Subtracting the US $500 interest earned from the US $15,000 of expense results in net interest expense of US $14,500 for the use of US $225.000 in funds. Dividing US $14,500 by US $225,000 produces an effective interest rate of 6.44%.