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NEW QUESTION: 1
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.
Free cash flow to the firm (FCFF) for PCC is closest to
A. LC7,300,000.
B. LCI0,200,000.
C. LC8,100,000.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
FCFF = FCFE + Int(l - tax rate) - net borrowing = 7.3 + 5.0(1 - 0.34) - (2.4 - 2.0) = LC10.2 million, or LC10,200,000. (Study Session 12, LOS 41.e)

NEW QUESTION: 2
Refer to the exhibit.

Cisco Unity Connection and Cisco Unified Communications Manager are integrated by using SCCP. The Voice Mail Ports are registered. Users report that calls fail when forwarded to voicemail. Which is a cause of the issue?
A. The call forward and call pickup settings do not have a CSS on Forward All.
B. The CSS on the Voice Mail Pilot is missing partitions for user phones.
C. The Voice Mail Pilot is not configured with a CSS that contains the INTERNAL_PT.
D. The Voice Mail Port partition on the CSS of the phone is missing.
Answer: A

NEW QUESTION: 3
以下はすべて、クラウドデータの移植性を向上させ、ベンダーロックインの可能性を最小限に抑えるための手法です。
A. 独自のデータ形式を避ける
B. 移植性をサポートするために有利な契約条件を確保する
C. 引っ越しに物理的な制限がないことを確認します
D. クラウド運用全体で広くDRMおよびDLPソリューションを使用する
Answer: D
Explanation:
説明
DRMとDLPは、それぞれ認証/アクセス制御と出力監視を強化するために使用され、実際にはそれを強化するのではなく、移植性を低下させます。