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NEW QUESTION: 1
An instructor is conducting a course comprised of learners from an international audience. The instructor asks questions of the learners and notices that several of the learners do not participate even though they understand the material. Which of the following actions would be BEST for the instructor to take?
A. Remind the learners that this training is for their benefit and non-participation will only hinder their learning.
B. Implement additional validation methods that address the multiple cultures represented in the classroom,
C. Select non-participating learners to answer questions where they are likely to understand the material.
D. Inform the class that the course is intended to be instructed in a particular manner and they need to participate.
Answer: B

NEW QUESTION: 2

A. bandwidth * delay
B. bandwidth / delay
C. bandwidth - delay
D. bandwidth/Delay
Answer: D

NEW QUESTION: 3
Your company has a Skype for Business Server 2015 infrastructure.
You need to ensure that users can answer calls placed to other users by using the Group Call Pickup feature.
Which Skype for Business Management Shell cmdlet should you run?
A. New-CsDialPlan
B. New-CsCallParkOrbit
C. New-CsVoiceRoutingPolicy
D. New-CsRoutingConfiguration
Answer: B
Explanation:
References: https://technet.microsoft.com/en-us/library/jj945627.aspx

NEW QUESTION: 4
A junior financial analyst with Churn Brothers brokerage has been instructed to value shares of Intelligent Semiconductor, a diversified technology company. A senior analyst at Churn Brothers has provided the following information:
The required rate of return on equity is 15% per year
The senior analyst has predicted that shares of Intelligent will sell at a multiple of 25 times predicted free cash flow to equity in four years.
The estimated free cash flows for each of the next four years are:
Year 1: $15,000,000
Year 2: $18,500,000
Year 3: $21,000,000
Year 4: $35,000,000
Intelligent Semiconductor has 1,000,000 shares of common stock outstanding.
Using this information, what is the value per share of Intelligent Semiconductor according to the free cash flow to equity model?
A. $56.67
B. None of these answers is correct.
C. $650.34
D. The answer cannot be calculated from the information provided.
E. $65.81
F. $561.13
Answer: F
Explanation:
Explanation/Reference:
Explanation:
When determining the value of a common stock using the free cash flow to equity model, it is necessary to determine three things:
1. The required rate of return on equity investments.
2. The estimated free cash flow to equity multiple at time "k."
3. The estimated free cash flows figures for the time periods leading up to "k." In this example, the calculation must begin with the discounting the free cash flow to equity figures for each of the four years provided. These figures are discounted each period by the required return on equity investments, and the final answer is converted to a per-share basis. This process is illustrated below:
Year 1: ($15,000,000 / 1.15) / 1,000,000 shares outstanding = $13.04
Year 2: [$18,500,000 / (1.15)(1.15)] / 1,000,000 shares outstanding = $13.99 Year 3: [$21,000,000 / (1.15)(1.15)(1.15)] / 1,000,000 shares outstanding = $13.81 Year 4: [$35,000,000 / (1.15)(1.15)(1.15)(1.15)] / 1,000,000 shares outstanding = $20.01 Now that the free cash-flow-to-equity figures have been discounted and converted to a per-share basis, the next step in the valuation process is to determine the value of the final cash flow, which is defined as:
[(Free cash flow to equity multiple * Final free cash flow) / (1 + r)(1+r)...(1 + k)] In the body of this question, we were given the anticipated multiple of free cash to equity that shares of Intelligent Semiconductor will sell for at time period 4: 25 times. Imputing this information into the terminal cash flow equation will yield the following:
{[25 * ($35,000,000 / 1,000,000 shares outstanding)] / [(1.15) (1.15)(1.15)(1.15)]} = $500.28.
Adding the answers from step 1 to the final year cash flow will yield the following:
Value of Intelligent Semiconductor = [$13.04 + $13.99 + $13.81 + $20.01 + $500.28] = $561.13 per share.

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