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NEW QUESTION: 1
The GB/T28181-2011 standard is mainly formulated to regulate the interconnection and intercommunication between the front-end camera access monitoring platform and the monitoring platform.
A. TRUE
B. FALSE
Answer: A

NEW QUESTION: 2
Howell Enterprises is forecasting EPS of $4.00 per share for next year. The firm has 10,000 shares outstanding, it pays 12 percent interest on its debt, and it faces a 40 percent marginal tax rate. Its estimated fixed costs are $80,000 while its variable costs are estimated at 40 percent of revenue. The firm's target capital structure is 40 percent equity and 60 percent debt and it has total assets of $400,000.
On what level of sales is Howell basing its EPS forecast?
A. $292,444
B. $480,400
C. $316,722
D. $1,000,000
E. $105,280
Answer: A
Explanation:
Explanation/Reference:
Explanation:
EPS = (Sales - Fixed costs- Variable costs - Interest)(1 - T)/Shares outstanding.
Step 1 Calculate interest expense
Debt = 0.60 x $400,000 = $240,000.
Interest = 0.12 x $240,000 = $28,800.
Step 2 Solve for Sales (S)
EPS = $4.00 = (S - 0.40S - $80,000 - $28,800) x (1 - 0.40)/10,000
= (0.60S - $108,800)(0.6)/10,000
$4.00 = (0.36S - $65,280)/10,000
$105,280 = 0.36S
Sales = $292,444.44.
Alternative method
EPS = (EBIT - Interest)(1 - T)/Shares outstanding.
Solve for EBIT
Net Income = EPS x Shares outstanding = $4.00 x 10,000 = $40,000.
EBT = NI/(1 - T) = $40,000/(0.6) = $66,667.
Interest (from above) = $28,800.
EBIT = EBT + Interest = $66,667 + $28,800 = $95,467.
S = 0.40S + $95,467 + $80,000
0.6S = $175,467
S = $175,467/0.6 = $292,445.

NEW QUESTION: 3
Which cost rates does the system consider when it valuates internal project time recordings?
Note: There are 2 correct answers to this question.
A. Labor resource cost rate
B. Employee cost rate
C. Project-specific cost rate
D. Service cost rate
Answer: A,D

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