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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.
Haas notes that the multi-stage residual equity income model captures more detail in calculating YD's intrinsic value. An assumption of the model is that ROE fades to the cost of equity over time, which is known as a persistence factor (varying from 0 to 1). Identify which characteristic indicates a higher persistence of abnormal earnings.
A. Low dividend payout.
B. Low price to earnings ratio.
C. High dividend yield.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
It is difficult for a company to maintain a high ROE because of competition. The persistence factor will be lower for those companies. A company that has a low dividend payout has greater growth opportunities than a company with a high dividend payout. The greater growth opportunities should support a higher persistence factor. (Study Session 13, LOS 43.J)

NEW QUESTION: 2
Saptarshi acquired shares of G Ltd. on 15.12.98 for Rs. 5 lacs which were sold on 14.6.11 for Rs. 19 lacs.
Expenses on transfer of shares Rs. 40,000. He invests 8 lacs in the bonds of Rural Electrification. Corporation Ltd. on 16.10.2011. Compute capital gain for the assessment year 2012-13.
A. Nil
B. Rs 7,41,766
C. Rs 11,18,234
D. Rs 12,45,745
Answer: A

NEW QUESTION: 3
HPE OneView Advancedライセンスで使用するためにライセンスされているHPEとVMwareの統合はどれですか？
（2つ選択してください。）
A. VMware ACE
B. VMware vRealize Log Insight
C. VMware NSX
D. VMware vRealize Network Insight
E. VMware vRealize Operations Manager
Answer: B,E

NEW QUESTION: 4
You have the following requirements for your API:
* Authenticate users.
* Identify applications.
* Log update events to StackDriver
* Enforce quotas based on Product configurations
* Alert when total API latency exceeds 500 milliseconds
Your Apigee Edge API proxy is currently implemented with the following Proxy Endpoint configuration

A. Log update events to StackDriver
B. Authenticate applications
C. Authenticate users.
D. Alert when total API latency exceeds 500 milliseconds
E. Enforce quotas based on Product configurations
Answer: C,E