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NEW QUESTION: 1
The humidifier that Huawei row-level precision air conditioner uses is the infrared humidifier.
A. True
B. False
Answer: B
NEW QUESTION: 2
George Armor, CFA, is a new stock analyst for Pedad Investments. One tool that Pedad uses to compare stock valuations is the dividend discount model (DOM). In particular, the firm evaluates stocks in terms of
"justified" multiples of sales and book value. These multiples are based on algebraic manipulation of the DDM. Over time, these multiples seem to provide a good check on the market valuation of a stock relative to the company's fundamentals. Any stock which is currently priced below its value based on a justified multiple of sales or book value is considered attractive for purchase by Pedad portfolio managers. Exhibit 1 contains financial information from the year just ended for three stable companies in the meat-packing industry: Able Corp, Baker, Inc., and Charles Company, from which Armor will derive his valuation estimates.
One of Pedad's other equity analysts, Marie Swift, CFA, recently held a meeting with Armor to discuss a relatively new model the firm is implementing to determine the P/E ratios of companies that Pedad researches. Swift explains that the model utilizes a cross-sectional regression using the previous year-end data of a group of comparable companies' P/E ratios against their dividend payout ratios (r), sustainable growth rates (g), and returns on equity (ROE). The resulting regression equation is used to determine a predicted P/E ratio for the subject company using the subject company's most recent year-end data. Swift has developed the following model, which has an R-squared of 81%, for the meat packing industry (16 companies):
Predicted P/E = 2.74 + 8.21(r) + 14.21(g) + 2.81(ROE)
(STD error) (2.11) (6.52) (9.24) (2.10)
After Swift presents the model to Armor, she points out that models of this nature are subject to limitations.
In particular, multicollinearity, which appears to be present in the meat packing industry model, can create great difficulty in interpreting the effects of the individual coefficients of the model. Swift continues by stating that in spite of this limitation, models of this nature generally have known and significant predictive power across different time periods although not across different stocks.
Based on Exhibit 1, the justified price-to-sales ratio of Baker, Inc. is closest to:
A. 1.7.
B. 1.9.
C. 1.5.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The justified price-to-sales (P/S) ratio is calculated as:
P/S = [profit margin X payout ratio X (1 + g)) / (r - g)
Baker: P/S = [(4.80 / 52.80) x (1.60 / 4.80) x (1 + 0.10)] / (0.12 - 0.10) = 1.67 (Study Session 12, LOS 42.j)
NEW QUESTION: 3
次の個人のうち、情報セキュリティ運営グループの設立を後援する最高の立場にあるのは誰ですか?
A. 弁護士
B. 情報セキュリティマネージャー
C. 内部監査人
D. 最高執行責任者(COO)
Answer: D
Explanation:
説明
最高執行責任者(COO)は、組織内の高い地位にあり、事業運営と目的について最も多くの知識を持っています。最高内部監査員および最高法務顧問は、そのような運営グループの適切なメンバーです。ただし、運営委員会の設立を後援することは、ビジネスの戦略と方向性に精通している誰かが開始する必要があります。セキュリティマネージャーはこのグループに指示を求めているため、このグループの形成を監督するのに最適な立場にありません。
NEW QUESTION: 4
When RSE6500 single point recording, terminal by calling ( ) implementation recording capabilities.
A. unified record number
B. recorded Server IP
C. Venue Number
D. venue name
Answer: A
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