Use the Information Below to Answer the Following Questions

question 17

Multiple Choice

Use the information below to answer the following questions:
Leslie Ltd has found an error in its revenue account: an invoice for $3000 was recorded as revenue in 2011 when it should have been recorded in 2012. The company’s income tax rate is 40% and there was no corresponding error in cost of goods sold.
-What is the effect of the error on 2012 net profit?

• A) It is $1800 too low.
• B) It is $3000 too low.
• C) It is $1800 too high.
• D) It is $3000 too high.

Identify different types of servers used in a network.

Understand the functions of various dedicated servers within a network.

Recognize the role of servers in managing and facilitating network services and connectivity.

Distinguish between servers based on their specific tasks and services they provide.

---

Definitions:

Option Contract

A contract which grants the holder the right to buy or sell an underlying asset at a predetermined price within a specified time frame.

Hedge Risk

A financial strategy used to limit or offset the probability of loss from fluctuations in the prices of currencies, commodities, or securities.

Speculate

The act of investing or trading in financial assets with high risk in anticipation of significant returns.

American Option

A type of options contract that allows holders to exercise the option at any time up to and including the expiration date.