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NEW QUESTION: 1
Jacobi Lefebre, CFA, recently accepted a position in the Real Estate Strategy group of a large retail company. The Director of the group walks by Lefebre's cubicle, hands him a report with the following information, and asks Lefebre to determine how large a project the firm can undertake without increasing the marginal cost of capital.
The firm can undertake a project costing up to approximately:
A. $83 million.
B. $54 million.
C. $81 million.
D. $29 million.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
This question is asking you to calculate the retained earnings break even point BPRE(in relation to the marginal cost of capital). Once the breakeven point is reached, the firm will have to use external equity to fund projects, thus increasing the weighted average cost of capital (WACC).
The break point on the marginal cost curve is given by:
BPRE= (Retained Earnings) / (Equity Fraction, we)
Here, RE = earnings * (1 - Payout) = $50 million * (1 - 0.35) = $ 32.5 million, And BPRE= $32.5 million / 0.60 = $54.17 million, or approximately $54 million.

NEW QUESTION: 2
Under the Revised Model Business Corporation Act, a merger of two public corporations usually requires
all of the following, except:
A. An affirmative vote by the holders of a majority of each corporation's voting shares.
B. Receipt of voting stock by all stockholders of the original corporations.
C. A formal plan of merger.
D. Approval by the board of directors of each corporation.
Answer: B
Explanation:
Choice "c" is correct. A merger can be effected by giving some parties cash or property; not everyone
need receive voting shares.
Choice "a" is incorrect. The merger must be pursuant to a formal plan.
Choice "b" is incorrect. The majority of each corporation generally must approve a merger.
Choice "d" is incorrect. A plan of merger must be approved by the boards of the merging corporations.

NEW QUESTION: 3
"Size up the scene." What are the five steps in order?
A. Secure the premise (safety), use protective equipment, assess the mechanism of injury, determine the number of victims, call for additional help (911).
B. Use protective equipment, secure the premise (safety), assess the mechanism of injury, determine the number of victims, call for additional help (911).
C. Determine the number of victims, call for additional help (911), use protective equipment, assess the mechanism of injury, secure the premise (safety).
D. Call for additional help (911), secure the premise (safety), assess the mechanism of injury, use protective equipment, determine the number of victims.
E. Determine the number of victims, use protective equipment, assess the mechanism of injury, secure the premise (safety), call for additional help (911).
Answer: A

NEW QUESTION: 4
Note: This question is part of series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You have an Azure subscription named Project1. Only a group named Project1admins is assigned roles in the Project1 subscription. The Project1 subscription contains all the resources for an application named Application1.
Your company is developing a new application named Application2. The members of the Application2 development team belong to an Azure Active Directory (Azure AD) group named App2Dev.
You identify the following requirements for Application2:
* The members of App2Dev must be prevented from changing the role assignments in Azure.
* The members of App2Dev must be able to create new Azure resources required by Application2.
* All the required role assignments for Application2 will be performed by the members of Project1admins.
You need to recommend a solution for the role assignments of Application2.
Solution: In Project1, create a network security group (NSG) named NSG1. Assign Project1admins the Owner role for NSG1. Assign the App2Dev the Contributor role for NSG1.
Does this meet the goal?
A. No
B. Yes
Answer: A
Explanation:
Explanation
You should use a separate subscription for Project2.