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NEW QUESTION: 1
A company has an EBIT of $4 million, and its degree of total leverage is 2.4. The firm's debt consists of
$20 million in bonds with a 10 percent yield to maturity. The company is considering a new production process that will require an increase in fixed costs but a decrease in variable costs. If adopted, the new process will result in a degree of operating leverage of 1.4. The president wants to keep the degree of total leverage at 2.4. If EBIT remains at $4 million, what amount of bonds must be outstanding to accomplish this (assuming the yield to maturity remains at 10 percent)?
A. $19.8 million
B. $16.7 million
C. $19.2 million
D. $20.1 million
E. $18.5 million
Answer: B
Explanation:
Explanation/Reference:
Explanation:
First, find the new DFL:
DTL = (DOL)(DFL)
2.4 = (1.4)(DFL)
DFL = 1.7143.
Then, find the new interest payments in a year:
DFL = (EBIT)/(EBIT - I)
1.7143 = ($4,000,000)/($4,000,000 - I)
I = $1,666,686.11.
Finally, solve for the new debt level, knowing that the yield to maturity remains at 10%. Debt Value(YTM) = Interest Payment Debt(0.10) = $1,666,686.11
Debt = $16,666,861.11 = $16.7 million.

NEW QUESTION: 2
セキュリティプログラムマネージャーは、システムのセキュリティ状態を積極的にテストしたいと考えています。
システムはまだ運用されておらず、稼働時間の要件もアクティブユーザーベースもありません。
実際に悪用された脆弱性を示すレポートを生成する方法は次のうちどれですか？
A. 侵入テスト
B. 脆弱性テスト
C. ピアレビュー
D. コンポーネントのテスト
Answer: A
Explanation:
侵入テスト、またはペンテストは、脆弱性を安全に悪用しようとすることにより、ITインフラストラクチャのセキュリティを評価する試みです。

NEW QUESTION: 3
Your organization completes software development for other companies as its core business.
Management would like to streamline the requirements gathering processes as many of the projects your company do are similar in nature. What approach could you as a business analyst do to help streamline the requirements gathering process for your organization?
A. Implement project template
B. Implement a requirements gathering form
C. Implement a requirements re-use repository
D. Implement scope solution models
Answer: C
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 4
What is required for all condition enabled items?
A. A condition rate of 100
B. A valid condition status
C. A condition code authorization number
D. At least two condition codes
Answer: A