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NEW QUESTION: 1
After making inquiries about credit granting policies, an auditor selects a sample of sales transactions and
examines evidence of credit approval. This test of controls most likely supports management's financial
statement assertion(s) of:

A. Option B
B. Option D
C. Option C
D. Option A
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. By ensuring that credit approval is obtained before goods are shipped to customers,
the auditor is testing management's assertion that accounts receivable are collectible (allocation and
valuation). Ensuring that credit approval is obtained before goods are shipped does not support the rights
and obligations assertion.
Choices "A", "B", and "D" are incorrect, based on the above Explanation.

NEW QUESTION: 2
Merryweather, a manufacturer of summer casual wear, has a return on equity of about 10.6%. It typically pays out about 27% of its earnings as dividends. The firm's stock has a beta of +0.23. The market has an expected return of 16.2% and the prevailing risk-free rate is 6.9%. Merryweather recently announced that last year's EPS was $4.3 per share. Given these data, Merryweather's share price should be:
A. $96.07
B. $84.84
C. $91.19
D. $78.29
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The dividend growth rate, g = ROE*(1-payout ratio) = 0.106*(1-0.27) = 7.738%.
The dividend this year was 4.3*0.27 = $1.16. Therefore, expected dividend next year = D1 = (1+g)*Do
1.07738*1.16 = $1.25.
The required rate of return on the stock can be found using CAPM, which gives Rstock = Rf + beta*(Rm - Rf) = 6.9% + 0.23*(16.2% - 6.9%) = 9.039%.
Therefore, Po = D1/(k-g) = 1.25/(9.039% - 7.738%) = $96.07.

NEW QUESTION: 3
What is the new name for the V3.1 release of IBM Tivoli Integrated Portal?
A. Dashboard Tivoli Portal Hub
B. Tivoli Dashboard Hub
C. Tivoli Integrated Portal Dashboard
D. Dashboard Application Services Hub
Answer: D

NEW QUESTION: 4
You are working on a CATDB database that contains an Oracle Database version 11.1 catalog schema owned by the userRC011. The INST1 database contains an Oracle Database version
10.1 catalog schema owned by the user RCAT10.
You want the RMAN to import metadata for database IDs 1423241 and 1423242, registered in RCAT10, into the recovery catalog owned by RC011. You executed the following commands:
RMAN> CONNECT CATALOG rco11/password@catdb
RMAN> IMPORT CATALOG rcat1 0/oracle@inst1 NO UNREGISTER; Which two statements are true regarding the tasks accomplished with these commands? (Choose two.)
A. They register all databases registered in the RCAT10 catalog.
B. They unregister the database from the RCAT10 catalog.
C. They do not register the databases registered in the RCAT10 catalog.
D. They import all metadata from the RCAT10 catalog.
Answer: A,D

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