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  • Vendor : Oracle
  • Certifications : Cost Management Cloud
  • Exam Name : Oracle Cost Management Cloud 2023 Implementation Essentials
  • Exam Code : 1z0-1074-23
  • Total Questions : 376 Q&As
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VCE Exam Simulator is a test engine designed specifically for certification exam preparation. It allows you to create, edit, and take practice tests in an environment very similar to an actual exam.
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Description

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    NEW QUESTION: 1
    The Frame Supply Company has just acquired a large account and needs to increase its working capital
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    A: Pay a factor to buy the company's receivables, which average $125,000 per month and have an
    average collection period of 30 days. The factor will advance up to 80 percent of the face value of
    receivables at 10 percent and charge a fee of 2 percent of all receivables purchaseD. The controller
    estimates that the firm would save $24,000 in collection expenses over the year.
    Assume the fee and interest are not deductible in advance.
    B: Borrow $110,000 from a bank at 12 percent interest. A 9 percent compensating balance would be required.
    C: Issue $110,000 of six-month commercial paper to net $100,000. (New paper would be issued every 6 months.)
    D: Borrow $125,000 from a bank on a discount basis at 20 percent. No compensating balance would be required.
    Assume a 360-day year in all of your calculations.
    The cost of Alternative D. is:
    A. 25.0 percent.
    B. 40.0 percent.
    C. 10.0 percent.
    D. 20.0 percent.
    Answer: A
    Explanation:
    Choice "c" is correct.

    Choices "a", "b", and "d" are incorrect, per the above calculation.

    NEW QUESTION: 2
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    * Maximum activation duration: 1 hour
    * Notifications: Disable
    * Incident/Request ticket: Disable
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    * Require approval: Enable
    * Selected approver: No results
    For each of the following statements, select Yes if the statement is true. Otherwise, select No.
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    Answer:
    Explanation:

    Explanation



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