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NEW QUESTION: 1
Yummy Doughnuts (YD) sells a variety of doughnuts and other related items through both company-owned locations and franchise locations. YD has experienced significant growth over the past five years.
However, barriers to entry are low and competition is increasing.
Linda Haas, CFA, follows YD for Gibraltar Capital. Gibraltar Capital prides itself on its thorough fundamental analysis of investment opportunities. The company uses a bottom-up approach to the investment process. Haas's security selection process utilizes residual income models to determine a stock's intrinsic value. Haas obtains YD's 2008 financial statements shown in Exhibit 1. In addition, Haas provides supporting information about YD's financials and other related material found in Exhibit 2.

Haas makes the following statements during her YD presentation to the investment committee.
Statement 1: Based on ROE mean reversion, YD's continuing residual income is assumed to decline to zero over time.
Statement 2: The residual income model states that if YD's ROE equals its equity cost of capital, then YD's intrinsic value will equal its book value per share.
Based on Exhibits 1 and 2, YD's weighted average cost of capital (WACC) is closest to:
A. 13%.
B. 12%.
C. 11%.
Answer: A
Explanation:
Explanation/Reference:
Explanation:

Note: Capitalizing R&D expense will increase YDs book value. However, the market value used in calculating YD s WACC is not impacted.
(Study Sessions 7 and 10, LOS 26.a and 35.h)

NEW QUESTION: 2



A. Option E
B. Option D
C. Option A
D. Option C
E. Option B
Answer: B

NEW QUESTION: 3
Contoso.com에서 선임 관리자로 근무합니다. Contoso.com 네트워크는 Contoso.com이라는 단일 도메인으로 구성됩니다. Contoso.com 네트워크의 모든 서버에는 Windows Server 2012가 설치되어 있습니다.
하급 관리자를위한 교육을 실시하고 있습니다. 현재 스팬 볼륨에 대해 논의 중입니다.
스팬 볼륨과 관련하여 다음 중 참인 것은 무엇입니까? (해당 사항을 모두 선택하십시오.)
A. 스팬 볼륨은 내결함성을 제공하지 않습니다.
B. 시스템 볼륨 또는 부팅 볼륨을 사용하여 스팬 볼륨을 만들 수 없습니다.
C. 스팬 볼륨을 최대 16 개의 동적 디스크로 확장 할 수 있습니다.
D. 스팬 볼륨은 내결함성 솔루션입니다.
Answer: A,B
Explanation:
설명
스팬 볼륨은 둘 이상의 물리 디스크의 디스크 공간으로 구성된 동적 볼륨입니다. 단순 볼륨이 시스템 볼륨 또는 부팅 볼륨이 아닌 경우 추가 디스크로 확장하여 (총 32 개까지) 스팬 볼륨을 만들거나 동적 디스크의 할당되지 않은 공간에 스팬 볼륨을 만들 수 있습니다.
스팬 볼륨을 만들려면 시작 디스크 외에 두 개 이상의 동적 디스크가 필요합니다. 스팬 볼륨을 최대 32 개의 동적 디스크로 확장 할 수 있습니다.
스팬 볼륨은 내결함성이 없습니다.