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NEW QUESTION: 1
The VRID of the VRRP virtual router is 3 and the virtual IP address is 100.1.1.10. What is the virtual MAC address?
A. 01-00-5E-00-01-03
B. 00-00-5E-00-01-03
C. 00-00-5E-00-01-64
D. 01-00-5E-00-01-64
Answer: B
NEW QUESTION: 2
Lorenz Kummert is a junior equity analyst who is following Schubert, Inc. (Schubert), a small publicly traded company in the United States. His supervisor, Markus Alter, CFA, has advised him to use the residual income model to analyze Schubert.
In his preliminary report to Alter, Kummert makes the following statements:
Statement 1: Residual income models are appropriate when expected free cash flows are negative for the foreseeable future.
Statement 2: Residual income models are not applicable when cash flows are volatile.
Kummert has determined Schubert's cost of equity, cost of debt, and weighted average cost of capital (WACC) to be 12.8%, 8.4%, and 11.9%, respectively. The current price of the stock is $35 per share and there are 130,000 shares outstanding. The relevant tax rate is 30%, and return on equity (ROE) is expected to be 13%.
Summarized financial information about Schubert for 2008 is provided in Exhibits I and II.
Based on his analysis of several years of financial statements, Kummert notes that 2008 was an exceptionally profitable year for Schubert, and that its dividend payouts are usually low because the funds are mainly reinvested in the firm to promote growth. Furthermore, there are very few nonrecurring items on the income statement. Upon review of Kummert's preliminary report, Alter concurs with his analysis of the financial statements but reminds him that Schubert's long-term debt is currently trading at 95% of its book value. He also cautions Kummert that violations of the clean surplus relation can bias the results of the residual income model.
The consensus annual EPS estimate for 2009 is $6.15, and the dividend payout ratio for 2009 is estimated at 5%.
Regarding Alter's caution about violations of the clean surplus relationship, examples of items that can violate this relationship include:
A. changes in net working capital.
B. foreign currency gains and losses under the all-current method.
C. changes in the market value of debt and equity held as trading securities.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The clean surplus relationship (i.e., ending book value = beginning book value + net income - dividends) may not hold when items bypass the income statement and affect equity directly. Changes in the market value of trading securities are included in net income and do not violate the clean surplus telationship.
Changes in working capital do not affect book value directly. (Study Session 12, LOS 43.o)
NEW QUESTION: 3
You are managing a SQL Server 2008 Reporting Services (SSRS) sample which includes some reports for Company.com.
Through utilizing the Business Intelligence Development Studio (BIDS), you will publish a report project.
You find out that the data sources are changed through the test data sources on the report.
You should make sure that the existed reports are running normally when the report project is published soon.
Which is the correct answer?
A. You should modify properties of OverwriteDataSources
B. You should modify properties of DataSourceFolder
C. You should modify properties of ReportFolder
D. You should modify properties of ServerURL
Answer: A