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NEW QUESTION: 1

A. XIV
B. Storwize V7000
C. N7900
D. DS8000
Answer: B
Explanation:
Reference: http://en.wikipedia.org/wiki/IBM_SAN_Volume_Controller

NEW QUESTION: 2
Your client wants only those employees who have completed one year of service to be eligible for an absence type.
Which three configurations should you perform so that employees will not see this absence until they are eligible?
A. Write a customer Absence Validation fast formula and check the length of service of employees in the formula. If they are eligible, then return eligible.
B. Create a derived factor of type Length of service (by checking the length of service for one year), and call this derived factor in the eligibility profile.
C. Use the Hire date option that is available in the Eligibility profile under employement.
D. Write a customer participant and rate Eligibility fast formula and checked length of service of employees in the formula. If they are eligible, then return eligible.
Answer: B,C,D

NEW QUESTION: 3
General Investments is considering the purchase of a significant stake in Pacific Computer Components (PCC). Although PCC has stable production output, the company is located in a developing country with an uncertain economic environment. Since the monetary environment is particularly worrisome. General has decided to approach the valuation of PCC from a free cash flow model using real growth rates. In real rate analysis, General uses a modified build-up method for calculating the required real return, specifically:
required real return = country real rate + industry adjustment +
company adjustment
Elias Sando, CFA, an analyst with General, estimates the following information for PCC:
Domestic inflation rate = 8.738%
Nominal growth rate = 12.000%
Real country return = 3.000%
Industry adjustmen = 3.000%
Company adjustment = 2.000%
Additionally, Exhibit 1 reports information from PCC's financial statements for the year just ended (stated in LC).

PCC generally maintains relatively constant proportions of equity and debt financing and is expected to do so going forward.
Sando has gathered information on earnings before interest, taxes, depreciation, and amortization (EBITDA) and is contemplating its direct use in another cash flow approach aimed at valuing PCC.
Consider the following two statements regarding EBITDA:
Statement 1: EBITDA is not a good proxy for free cash flow to the firm (FCFF) because it does not incorporate the importance of the depreciation tax shield nor does it reflect the investment in working capital or in fixed capital.
Statement 2: EBITDA is also a poor proxy for FCFE.
Are the statements concerning EBITDA correct or incorrect?
A. Only Statement 2 is correct.
B. Only Statement 1 is correct.
C. Both statements are correct.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Boih statements arc correct. EBITDA is in fact a poor proxy for FCFF because it does not incorporate the cash taxes paid by the firm. EBITDA also fails to reflect the investment in working capital and the investment in fixed capital. EBITDA is an even worse proxy for FCFE than as a proxy for FCFF. EBITDA does not reflect after-tax interest costs or other cash flows that shareholders care about, such as new borrowing o the repayment of debt. (Study Session 12, LOS 41.i)