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NEW QUESTION: 1
You have five servers that run Windows Server 2012 R2. The servers have the Failover Clustering feature installed. You deploy a new cluster named Cluster1. Cluster1 is configured as shown in the following table.
Server1, Server2, and Server3 are configured as the preferred owners of the cluster roles. Dynamic quorum management is disabled.
You plan to perform hardware maintenance on Server3.
You need to ensure that if the WAN link between Site1 and Site2 fails while you are performing maintenance on Servers, the cluster resource will remain available in Site1.
What should you do?
A. Add a file share witness in Site1.
B. Remove the node vote for Server4 and Servers.
C. Remove the node vote for Server3.
D. Enable DrainOnShutdown on Cluster1.
Answer: B
NEW QUESTION: 2
A firm's earnings break point equals $98 million. Its net income is $58 million and it is committed to a dividend payout ratio of 30%. It's after-tax cost of debt equals 9% and its shareholders demand an expected rate of return of 15%. The firm's WACC equals ________.
A. 12.2%
B. 11.5
C. 9.8%
D. 10.3%
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The retained earnings of the firm = $58*0.7 = $40.6 million. If the earnings breakpoint is $98 million then the firm must issue $(98-40.6) = $57.4 million in debt to maintain constant D/E ratio. This implies that the firm's D/E ratio equals 57.4/40.6 = 1.41. Debt comprises 57.4/98 = 58.57% of the capital structure.
Therefore, WACC = 0.5857*0.09 + 0.4143*15% = 11.49%.
NEW QUESTION: 3
This question consists of an item pertaining to possible deficiencies in an accountant's review report.
Jordan & Stone, CPAs, audited the financial statements of Tech Co., a nonissuer, for the year ended
December 31, 20X1, and expressed an unqualified opinion. For the year ended December 31, 20X2, Tech
issued comparative financial statements. Jordan & Stone reviewed Tech's 20X2 financial statements and
Kent, an assistant on the engagement, drafted the accountants' review report below. Land, the
engagement supervisor, decided not to reissue the prior year's auditors' report, but instructed Kent to
include a separate paragraph in the current year's review report describing the responsibility assumed for
the prior year's audited financial statements. This is an appropriate reporting procedure. Land reviewed
Kent's draft and indicated in the Supervisor's Review Notes below that there were several deficiencies in
Kent's draft.
Accountant's Review Report
We have reviewed and audited the accompanying balance sheets of Tech Co. as of December 31, 20X2
and 20X1, and the related statements of income, retained earnings, and cash flows for the years then
ended, in accordance with Statements on Standards for Accounting and Review Services issued by the
American Institute of Certified Public Accountants and generally accepted auditing standards. All
information included in these financial statements is the representation of the management of Tech Co. A
review consists principally of inquiries of company personnel and analytical procedures applied to financial
data. It is substantially less in scope than an audit in accordance with generally accepted auditing
standards, the objective of which is the expression of an opinion regarding the financial statements taken
as a whole. Based on our review, we are not aware of any material modifications that should be made to
the accompanying financial statements. Because of the inherent limitations of a review engagement, this
report is intended for the information of management and should not be used for any other purpose. The
financial statements for the year ended December 31, 20X1, were audited by us and our report was dated
March 2, 20X2. We have no responsibility for updating that report for events and circumstances occurring
after that date.
Jordan and Stone, CPAs
March 1, 20X3
Supervisor's Review Notes
There should be a statement that no opinion is expressed on the current year's financial statements in the
second (scope) paragraph.
A. Incorrect
B. Correct
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Correct. Because the auditors do substantially less work in a review than in an audit, the auditors should
state that they do not express an opinion.
NEW QUESTION: 4
CORRECT TEXT
What word is missing from the following SQL statement? select count(*) _____ tablename;
Answer:
Explanation:
FROM
from
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