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NEW QUESTION: 1
What is the best way of scraping a large, selectable text in a Citrix environment?
Options are :
A. Use the Google OCR engine.
B. Use a Get Full Text activity.
C. Use the Microsoft OCR engine.
D. Select the entire text and copy it with the Copy Selected Text activity.
Answer: D
NEW QUESTION: 2
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.
Suppose that PCC initiates a cash dividend, with a target payout ratio of 25% of net income. What is the likely magnitude of the effect of the new cash dividend and the net change in the outstanding debt on future FCFE, all else equal?
A. The dividend has no effect, and the debt change has a small effect.
B. The dividend has a large effect, and the debt change has a small effect.
C. The dividend has a large effect, and the debt change has no effect.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Dividend policy change: A change in dividend policy will have no direct impact on future FCFE. Note that dividend payments arc a use of equity cash flows, not a reduction in FCFE. It is possible that an increase in dividends could reduce the long-term growth rate of the firm, thus reducing firm value. However, holding all other factors constant, an increase in dividends will not affect FCFE forecasts.
Net change in debr. The increase in debt, LC400.000, will increase future interest expense and decrease future FCFE, but the amount is small relative to net income of LC7,000,000. {Study Session 12, LOS 4l.h)
NEW QUESTION: 3
GREカプセル化されたパケットを監視するときは、GREトンネルのコンポーネントを左側から正しい順序にドラッグアンドドロップします。
Answer:
Explanation:
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