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Vendor: Veeam
Exam Code: VMCE20_P
Exam Name: VMCE 2020 Pilot
Questions with Answers (PDF): 340
Last Updated: July, 2020

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An entity has a majority of its customers located in states A and B. A major west coast bank has agreed to provide a lockbox system to the entity at a fixed fee of US $50,000 per year and a variable fee of US $0.50 for each payment processed by the bank. On average, the entity receives 50 payments per day, each averaging US $20,000. With the lockbox system, the entity's collection float will decrease by 2 days. The annual interest rate on money market securities is 6%. If the entity makes use of the lockbox system, what would be the net benefit to the entity? Use 365 days per year.
A. US $60,875
B. US $55.125
C. US $120,000
D. US $50,000
Answer: A
If payments are collected 2 days earlier. the entity can earn US $120,000 $20,000 50 payments per day 2 days .06) at a cost of US $59,125 [$50,000 + 50 payments 365 days $.50)], a gain of US $60,875.

A retirement plan under which the benefit to be paid upon retirement is specified when an employee is
signed up for the plan is known as a:
B. 401(k) plan.
C. defined contribution plan.
D. defined benefit plan.
Answer: D
A retirement plan under which the benefit to be paid upon retirement is specified when an
employee is signed up for the plan is known as a defined benefit plan. The 401(k) plan and the
SIMPLE-IRA are types of defined contribution plans.

In the vi editor, how can commands such as moving the cursor or copying lines into the buffer be issued multiple times or applied to multiple rows?
A. By using the command :repeat followed by the number and the command.
B. By specifying the number right in front of a command such as 4l or 2yj.
C. By selecting all affected lines using the shift and cursor keys before applying the command.
D. By issuing a command such as :set repetition=4 which repeats every subsequent command 4 times.
Answer: B

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