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NEW QUESTION: 1
To estimate the forward price of oil, a commodity trader would most likely use the following
pricing relationship:
A. Oil forward price = Expected future oil price +- Oil market risk premium
B. Oil forward price = Expected future oil price +- storage cost + Oil market risk premium
C. Oil forward price = Expected future oil price +- Oil storage cost + (1 - Oil market risk premium)
D. Oil forward price = Expected future oil price +- Oil storage cost + (1 + Oil market risk premium)
Answer: A

NEW QUESTION: 2
An auditor established a $60,000 tolerable misstatement for an asset with an account balance of
$1,000,000. The auditor selected a sample of every twentieth item from the population that represented
the asset account balance and discovered overstatements of $3,700 and understatements of $200. Under
these circumstances, the auditor most likely would conclude that:
A. There is an unacceptably high risk that the tolerable misstatement exceeds the sum of actual
overstatements and understatements.
B. The asset account is fairly stated because the total projected misstatement is less than the tolerable
misstatement.
C. There is an unacceptably high risk that the actual misstatements in the population exceed the tolerable
misstatement because the total projected misstatement is more than the tolerable misstatement.
D. The asset account is fairly stated because the tolerable misstatement exceeds the net of projected
actual overstatements and understatements.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. Selection of every twentieth item results in a sample that is 5% (1/20 = .05) of the
population. The sample results indicate a net overstatement of $3,500 (= $3,700 $200), which is then
projected to the total population as $70,000 (= $3,500 / .05). (Alternatively, 3,500 × 20 = 70,000). Since the
projected misstatement of $70,000 exceeds the tolerable misstatement of $60,000, there is an
unacceptably high risk that the actual misstatement in the population will exceed the tolerable
misstatement.
Choice "B" is incorrect. Tolerable misstatement is compared to the projected misstatement, not to the
actual error in the sample.
Choices "C" and "D" are incorrect. The asset account is not fairly stated because the projected
misstatement exceeds the tolerable misstatement.

NEW QUESTION: 3
You are designing a new subsystem to store and scratch for user commands in a fashion company's website. On class, CommentManager, is responsible for accessing comment data and providing read-only access to other objects in the subsystem.
Which two implementation details are necessary for the Commentmanager class?
A. The comments must be assessable directly only within CommentManager.
B. All the accessor and mutator methods in CommentManager must have the static modifier in their declarations.
C. CommentManager should be a singleton object.
D. The storage mechanism implemented in CommentManager must be private to CommentManager.
Answer: A,D

NEW QUESTION: 4
Which of the following multicast addresses Is used in OSPFv3 to represent all routers?
A. FF02:;8
B. FF02::5
C. FF02::7
D. FF02::6
Answer: B