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NEW QUESTION: 1
회사는 Amazon S3에서 데이터 호수 솔루션을 개발하여 대규모 데이터 세트를 분석합니다. 이 솔루션은 드문 SQL 쿼리만 만듭니다. 또한 회사는 인프라 비용을 최소화하고자 합니다. 이러한 요구 사항을 충족시키기 위해 사용해야하는 AWS 서비스는 무엇입니까?
A. Amazon RDS for PostgreSQL
B. 아마존 아테나
C. Amazon Redshift Spectrum
D. 아마존 오로라
Answer: B
NEW QUESTION: 2
Your company has a Microsoft Exchange Server 2019 organization.
All email sent to the company uses an SMTP domain named contoso.com.
You create a Microsoft 365 E5 subscription that has a default domain named contoso.onmicrosoft.com.
You run the Microsoft Office 365 Hybrid Configuration wizard, and receive the following error message: "No shared domains have been detected within the Exchange Online and on-premises organizations. Make sure that your primary domain (such as contoso.com) is added to both Exchange Online and on-premises." You are unable to advance to the next step in the wizard.
What should you do to resolve this problem?
A. From a public registrar, register a new domain name and then add the domain name from the Microsoft
365 admin center.
B. From the Microsoft 365 admin center, add contoso.com as a domain.
C. From the Exchange admin center in Exchange Online, modify the contoso.onmicrosoft.com accepted domain.
D. From Active Directory, add contoso.onmicrosoft.com to the UPN suffix list.
Answer: B
NEW QUESTION: 3
クライアントトラブルシューティングツールを使用してデータを収集するのに最も役立つ要素はどれですか?
A. APのMACアドレス
B. SSID
C. クライアントのMACアドレス
D. クライアントのIPアドレス
Answer: A
NEW QUESTION: 4
Tom Vadney, CFA, is president and CEO of Vadney Research and Advisors (VRA), a large equity research firm that specializes in providing international investment and advisory services to global portfolio managers. He has a staff of five junior analysts and three senior analysts covering industries and firms across the Americas, Europe, and Asia-Pacific regions.
In a recent meeting with an institutional portfolio manager, Vadney is asked to review the differences between U.S. GAAP and International Financial Reporting Standards (IFRS) as well as provide a comprehensive industry analysis for the telecommunications sector in Europe and the Asia-Pacific region.
Vadney asks Maria Mnoyan, a senior analyst covering the sector, to research the requested information for the client meeting.
Prior to the meeting, Vadney and Mnoyan meet to prepare for the client presentation. They first discuss differences between U.S. GAAP and IFRS. Mnoyan states that although there will be increasing convergence between the two accounting standards, one major difference currently is that IFRS permits either the "partial goodwill" or "full goodwill" method to value the goodwill and the noncontrolling interest under the acquisition method. U.S. GAAP requires the full goodwill method. Vadney adds that U.S. GAAP requires equity method accounting for joint ventures, while under IFRS, proportionate consolidation is preferred, but the equity method is permitted.
Vadney then asks Mnoyan to share her findings on the telecommunications sector. Mnoyan first presents an overview of the competitive forces that characterize the sector in the two regions. In particular, she notes that the sector in both regions is characterized by high switching costs. Vadney asks how high switching costs would affect the bargaining power of buyers and suppliers.
Mnoyan firmly believes that investing in companies located in developing countries provides strong growth potential through technological change and increases in capital, labor, and savings that contribute to higher dividend levels, even if the dividend growth rate is unaffected.
In her research report Mnoyan identifies several countries and industries with attractive investment potential. She notices that the telecommunications sector in one of the countries is characterized by a duopoly. The $50 billion telecom industry in another country in her analysis is dominated by h\e firms with market shares of $10 billion each.
Finally, Vadney and Mnoyan discuss investment opportunities in specific firms. Mnoyan values firms using both the discounted cash flow model and the franchise value method. She makes the following statements on the franchise value method:
Statement 1: A higher asset turnover ratio increases the franchise P/E ratio, one of the components of the intrinsic P/E value.
Statement 2: When firms pay out profits as dividends at a higher rate, a firm's intrinsic P/E value decreases.
Are Mnoyan's statements about the components of intrinsic P/E value correct?
A. Only Statement 1 is correct.
B. Both statements are correct.
C. Only Statement 2 is correct.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Both statements are correct.
The franchise value method breaks down a firm's intrinsic P/E value into two components, the tangible P/E value and the franchise P/E value:
intrinsic P/E = tangible P/E + franchise P/E = (1 / r) + (FF x G)
where:
r = required return on equity
FF = franchise factor . (1 / r) - (11 ROE)
G = growth rate = g / (r - g)
g = ROE x b
ROE can be rewritten as the DuPont equation. A higher asset turnover ratio (sales/ assets) increases ROE and increases both the franchise and the growth factors. Franchise P/E thus increases, resulting in a higher intrinsic P/E value for the firm. Statement 1 is therefore correct.
When a firm pays our dividends at a higher rate, the retention ratio declines and the firm is reinvesting a smaller portion of profits in its business. The firm's growth rate will thus decline, leading to lower franchise P/E and intrinsic P/E values. Statement 2 is therefore also correct. (Study Session 11, LOS 36.e)
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