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NEW QUESTION: 1
How can the id attribute of the 2nd baz element from the XML string below be retrieved from the
SimpleXML object found inside $xml?
< ?xml version=1.0'?>
< foo>
< bar>
< baz id="l">One</baz>
< baz id="2">Two</baz>
< /bar>
< /foo>
A. $xml->getElementByld('2');
B. $xml->bar->baz[l]['id']
C. $xml->foo->bar->baz[l]['id']
D. $xml->foo->bar->baz[2]['id']
E. $xml->foo->baz[2] ['id']
Answer: B
NEW QUESTION: 2
Tom Vadney, CFA, is president and CEO of Vadney Research and Advisors (VRA), a large equity research firm that specializes in providing international investment and advisory services to global portfolio managers. He has a staff of five junior analysts and three senior analysts covering industries and firms across the Americas, Europe, and Asia-Pacific regions.
In a recent meeting with an institutional portfolio manager, Vadney is asked to review the differences between U.S. GAAP and International Financial Reporting Standards (IFRS) as well as provide a comprehensive industry analysis for the telecommunications sector in Europe and the Asia-Pacific region.
Vadney asks Maria Mnoyan, a senior analyst covering the sector, to research the requested information for the client meeting.
Prior to the meeting, Vadney and Mnoyan meet to prepare for the client presentation. They first discuss differences between U.S. GAAP and IFRS. Mnoyan states that although there will be increasing convergence between the two accounting standards, one major difference currently is that IFRS permits either the "partial goodwill" or "full goodwill" method to value the goodwill and the noncontrolling interest under the acquisition method. U.S. GAAP requires the full goodwill method. Vadney adds that U.S. GAAP requires equity method accounting for joint ventures, while under IFRS, proportionate consolidation is preferred, but the equity method is permitted.
Vadney then asks Mnoyan to share her findings on the telecommunications sector. Mnoyan first presents an overview of the competitive forces that characterize the sector in the two regions. In particular, she notes that the sector in both regions is characterized by high switching costs. Vadney asks how high switching costs would affect the bargaining power of buyers and suppliers.
Mnoyan firmly believes that investing in companies located in developing countries provides strong growth potential through technological change and increases in capital, labor, and savings that contribute to higher dividend levels, even if the dividend growth rate is unaffected.
In her research report Mnoyan identifies several countries and industries with attractive investment potential. She notices that the telecommunications sector in one of the countries is characterized by a duopoly. The $50 billion telecom industry in another country in her analysis is dominated by h\e firms with market shares of $10 billion each.
Finally, Vadney and Mnoyan discuss investment opportunities in specific firms. Mnoyan values firms using both the discounted cash flow model and the franchise value method. She makes the following statements on the franchise value method:
Statement 1: A higher asset turnover ratio increases the franchise P/E ratio, one of the components of the intrinsic P/E value.
Statement 2: When firms pay out profits as dividends at a higher rate, a firm's intrinsic P/E value decreases.
Are Mnoyan's statements about the components of intrinsic P/E value correct?
A. Both statements are correct.
B. Only Statement 2 is correct.
C. Only Statement 1 is correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Both statements are correct.
The franchise value method breaks down a firm's intrinsic P/E value into two components, the tangible P/E value and the franchise P/E value:
intrinsic P/E = tangible P/E + franchise P/E = (1 / r) + (FF x G)
where:
r = required return on equity
FF = franchise factor . (1 / r) - (11 ROE)
G = growth rate = g / (r - g)
g = ROE x b
ROE can be rewritten as the DuPont equation. A higher asset turnover ratio (sales/ assets) increases ROE and increases both the franchise and the growth factors. Franchise P/E thus increases, resulting in a higher intrinsic P/E value for the firm. Statement 1 is therefore correct.
When a firm pays our dividends at a higher rate, the retention ratio declines and the firm is reinvesting a smaller portion of profits in its business. The firm's growth rate will thus decline, leading to lower franchise P/E and intrinsic P/E values. Statement 2 is therefore also correct. (Study Session 11, LOS 36.e)
NEW QUESTION: 3
To be in compliance with the Montreal Protocol, which of the following options can be taken to refill a Halon flooding system in the event that Halon is fully discharged in the computer room?
A. Order an immediate refill with Halon 1301 from the manufacture
B. Order a different chlorofluorocarbon compound from the manufacture
C. Order an immediate refill with Halon 1201 from the manufacture
D. Contact a Halon recycling bank to make arrangements for a refill
Answer: D
NEW QUESTION: 4
カスタムレポートを作成するときに使用できる3つのレポートタイプは何ですか？
Answer:
Explanation:
Tabular,
Summary and Matrix