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NEW QUESTION: 1
Consider the following information for Magical Interactions, Inc.
Based on the assumptions above, which of the following statements is TRUE?
A. The stock is undervalued.
B. If inflation expectations decrease, the value of the stock will increase (all else equal).
C. If the earnings retention rate increases, the value of the stock will increase (all else equal).
D. If management can increase the EBITDA ratio by only 1.0%, the stock will be properly priced (all else equal).
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The expected inflation rate is a component of ke (through the nominal risk free rate). ke is one component of the P/E ratio and can be represented by the following: nominal risk free rate + stock risk premium, where nominal risk free rate = [(1 + real risk free rate) * (1 + expected inflation rate)] - 1.
The other statements are false. To determine the stock over/under valuation, we need to calculate both the P/E ratio and the EPS.
The P/E ratio = Dividend Payout Ratio / (ke- g),
EPS = [(Per share Sales Estimate) * (EBITDA%) - D (per share) - I (per share)] * (1 - t)
= [($150 * 0.18) - $15 - $10] * (1 - 0.35) = $1.30
Value of stock = EPS * P/E = 7.14 * $1.30 =$9.30
Since the market value of the stock is greater than the estimated value, the stock is overvalued.
An increase in earnings retention will likely decrease the P/E ratio. The logic is as follows: Because earnings retention impacts both the numerator (dividend payout) and denominator (g) of the P/E ratio, the impact of a change in earnings retention depends upon the relationship of ke and ROE. If the company is earning a lower rate on new projects than the rate required by the market (ROE < ke), investors will likely prefer that the company pay dividends (absent tax concerns). Investors will likely value the company lower if it retains a higher percentage of earnings.
If management increases EBITDA by 1.0%,the stock will be undervalued.
EPS = [($150 * 0.19) - $15 - $10] * (1 - 0.35) = $2.28
Value of stock = EPS * P/E = 7.14 * $2.28 = approximately$16.30, which is greater than the market value.
Note: the EBITDA % that equates to the market price is approximately 18.5%, or a 0.5% increase. Small changes in EBITDA% have a large impact on the EPS and thus on the estimated stock value.
NEW QUESTION: 2
The administrator of Universal Containers is testing an approval process in a recently refreshed Developer Pro sandbox and is finding that none of the notification emails are being sent to the approvers. Which two reasons could be the cause?Choose 2 Answers
A. HTML templates are not available in sandboxes.
B. Workflow emails only work in Full sandboxes.
C. The email addresses for the users are incorrect.
D. The Deliverability Access Level setting is incorrect.
Answer: C,D
NEW QUESTION: 3
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
Your network contains an Active Directory domain named contoso.com. The domain contains the users shown in the following table.
You have a computer named Computer1 that runs Windows 10 and is in a workgroup.
A local standard user on Computer1 named User1 joins the computer to the domain and uses the credentials of User2 when prompted.
You need to ensure that you can rename Computer1 as Computer33.
Solution: You use the credentials of User2 on Computer1.
Does this meet the goal?
A. Yes
B. No
Answer: B
Explanation:
Renaming a domain-joined computer will also rename the computer account in the domain. To do this, you need domain administrator privileges.
User2 is a domain user, not an administrator. Use User3's credentials instead.
References:
https://docs.microsoft.com/en-us/windows/security/identity-protection/access-control/active-directory-security-groups
NEW QUESTION: 4
salesOrdersという名前のデータベースを持つMicrosoft SQL Serverを管理します。 ユーザーはクライアントアプリケーションを使用してデータベースに接続します。
アプリケーションはデータベースに接続できないとユーザーから報告されています。 データベースストレージに障害が発生したことがわかります。
データベースを修復し、アプリケーションがデータベースに接続できるようにする必要があります。
どの3つのアクションを順番に実行しますか？ 答えるには、適切な行動を行動のリストから回答領域に移動し、正しい順序で並べます。
Answer:
Explanation:
Explanation
The specified database must be in single-user mode to use one of the following repair options.
REPAIR_REBUILD
Performs repairs that have no possibility of data loss. This can include quick repairs, such as repairing missing rows in non-clustered indexes, and more time-consuming repairs, such as rebuilding an index.