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NEW QUESTION: 1
Assuming zero taxes, the effect of increasing leverage in the capital structure of a firm is to:
A. either increase, decrease or leave constant the value of the business depending upon other factors
B. Increase the value of the business as debt is cheaper than equity
C. Maintain the value of the business unaltered
D. Decrease the value of the business as debt is riskier than equity
Answer: C
Explanation:
Explanation
The value of a business derives itself from the value of its cash flows, and not its capital structure. However, the availability of tax deductions on debt allow increasing the value of the business to equity holders by using the tax shield.
In the absence of taxes, there is no such advantage. Even if debt is nominally priced lower than the cost of equity, substituting debt for equity makes the remaining equity more risky and increasing the cost of equity to offset any advantage gained from the lower cost of debt. Changing the capital structure does not change the value of the firm, and this in essence is the conclusion of the Modigliani-Miller theorem.

NEW QUESTION: 2
What does the LAP send when multiple WLCs respond to the CISCO_CAPWAP-CONTROLLER.localdomain hostname during the CAPWAP discovery and join process?
A. unicast discovery request to each WLC
B. join request to all the WLCs
C. broadcast discover request
D. Unicast discovery request to the first WLS that resolves the domain name
Answer: D

NEW QUESTION: 3
Cloud Kicksは、「今月の靴」クラブをすべてのCloud Kicksの月額サブスクライバーに出荷するディストリビューターパートナーの外部システムと同期します。配達担当副社長は、箱を折りたたむマシンが誤動作しているときに通知を受け取り、出荷が遅れる可能性があることを加入者に事前に通知できるようにします。コンサルタントは何を勧めますか？
A. 電子メールアラートを含むワークフロールール
B. Salesforce Connect
C. プラットフォームイベント
D. Salesforce-to-Salesforce
Answer: B