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NEW QUESTION: 1
Which of the following is the correct description of NAT? (multiple choice)
A. When the host of the internal network accesses the external network, NAT is not required.
B. Address translation, also known as address translation, is used to convert between private and public network addresses.
C. Address translation proposed to provide an effective way to solve the problem of IP address tension
D. NAT is the abbreviation of Yingyin Address Translation
Answer: B,C,D

NEW QUESTION: 2
What CANNOT be done with a zoom area?
A. Include navigation.
B. Fill the outer area.
C. Attach audio.
D. Include a transition effect.
Answer: A

NEW QUESTION: 3
You are a purchasing agent.
You have agreed on a purchase price with a supplier and create a purchase agreement.
Which two tasks can you perform with the purchase agreement? Each correct answer presents part of the solution.
A. Define a validity period for the purchase agreement.
B. Place purchase agreement on hold during the ordering process.
C. Create purchase agreement lines based on quality or weight.
D. Create a release order when no commitment is defined for quantity of a product.
Answer: A,B

NEW QUESTION: 4
The following information applies to Lott Enterprises:
Operating Income (EBIT) $300,000
Debt $100,000
Interest Expense $10,000
Tax Rate 40%
Shares Outstanding 120,000
EPS $1.45
Stock Price $17.40
The company is considering a recapitalization where it would issue $348,000 worth of new debt and use the proceeds to buyback $348,000 worth of common stock. The buyback will be undertaken at the pre- recapitalization share price ($17.40). The recapitalization is not expected to have an effect on operating income or the tax rate. After the recapitalization, the company's interest expense will be $50,000. Assume that the recapitalization has no effect on the company's price earnings ratio. What is the expected price of the company's stock following the recapitalization?
A. $15.30
B. $18.00
C. $17.75
D. $20.48
E. $19.03
Answer: B
Explanation:
Explanation/Reference:
Explanation:
We can do this problem by using the P/E before and after the recap. Recall that P/E = Price/EPS.
Before the recap
After recap
EBIT$300,000 $300,000
Interest-10,000-50,000
EBT$290,000 $250,000
Tax116,000 100,000
NI$174,000 $150,000
Shares120,000 100,000*
EPS$174,000/120,000$150,000/100,000
= $1.45= $1.50
P/E$17.40/1.45 = 12x
*120,000 - ($348,000/$17.40)
As P/E = 12 after the recapitalization (recall the question states that it does not change), we know 12 = Price/$1.50 Price = 12 x $1.50 = $18.00.