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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 adjusted net operating profits after taxes (NOPAT) is closest to
A. $55 million.
B. $45 million.
C. $65 million.
Answer: A
Explanation:
Explanation/Reference:
Explanation:

Note that there is no tax adjustment to the implied interest on the operating lease, because the cash operating tax number provided already included all appropriate adjustments. R&D expense is not subtracted (or if you started with earnings, it would be added back) to calculate NOPAT. However, the R&D is amortized over five years (20/5=4), which must be subtracted. As stated in Exhibit 2, cash operating taxes include all adjustments that were made. (Study Session 12, LOS 43.a)

NEW QUESTION: 2
Which two statements about using the CHAP authentication mechanism in a PPP link are true? (Choose two.)
A. CHAP authentication periodically occurs after link establishment.
B. CHAP uses a two-way handshake.
C. CHAP authentication is performed only upon link establishment.
D. CHAP uses a three-way handshake.
E. CHAP authentication passwords are sent in plaintext.
F. CHAP has no protection from playback attacks.
Answer: A,D

NEW QUESTION: 3
Your network contains an Active Directory forest named contoso.com.
You need to add a new domain named fabrikam.com to the forest.
What command should you run? To answer, select the appropriate options in the answer area.

Answer:
Explanation:

Explanation

References:
https://technet.microsoft.com/en-us/library/hh974722(v=wps.630).aspx

NEW QUESTION: 4
Your company uses the computer builds shown in the following table.

You plan to deploy Windows 8.1 Enterprise to the different computer builds by using Windows Deployment Services (WDS).
You need to recommend how many images must be created.
How many images is the best recommendation? More than one answer choice may achieve the goal.
Select the BEST answer.
A. 0
B. 1
C. 2
D. 3
Answer: C