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NEW QUESTION: 1
Pure premium is Rs. 5000. Expenses are 20% of the gross (office) premium. Office premium is
A. 0
B. 1
C. 2
D. 3
Answer: C

NEW QUESTION: 2
Inventory can be written down to the lower of cost or market value if its value declines due to:
I). obsolescence.
II). price-level changes.
III). damage.
IV). any reason.
A. I and III only.
B. I, II, III, IV.
C. I and II only.
Answer: B
Explanation:
The inventory should be written down to reflect the loss if its value declines below its original cost for whatever the reason.

NEW QUESTION: 3
The latest storage utilization report shows that 80% of the current 500 TB of enterprise storage is allocated. The storage administrator must specify the amount of additional storage needed for local copies for approximately half of the active storage.
How much additional storage should the administrator request?
A. 200 TB
B. 400 TB
C. 300 TB
D. 100 TB
Answer: A