An analyst should most appropriately reclassify financing cash outflows as operating

Tina Mo, a fixed income analyst, is asked to value a single, default-free cash flow of $60,000. She is given the information in the following table:

The value of this single cash flow at the end of Period 4 is closest to:

A. $56,427

B. $56,309

C. $56,276

r when determining if a company’s deferred tax liabilities should be treated as a liabilities or equity？

A.The growth rate of the firm.

B.The average discount rate of liabilities.

C.the expectation that temporary difference will reverse.

illiam Linton, who is a market analyst working for a British company, British Agents Consultants.

Write a letter to Mr. Linton in 160—200 words, explaining what your firm is planning to do and giving details of what you would like his company to do for you.

You should write 160—200 words neatly on ANSWER SHEET 2.

21. Nan Chen, CFA, is comparing a firm with two of its industry competitors. She obtains the following financial excerpts from the firm’s financial statements, as well as the inventory turnover ratio on two of its competitors.

The firm uses the LIFO inventory costing method under U.S.GAAP, which is consistent with its industry competitors. What conclusions should the analyst reach when comparing the firm’s inventory turnover ratio to those of ties competitors？ A. Outperformed both competitors. B. Outperformed Company 1 only. C. Outperformed Company 2 only.

capitalized €2 million of development costs during the year. These costs were fully deductible immediately for tax purposes, but the company is depreciating them over two years for financial reporting purposes. The company has a long history of profitability which is expected to continue. Which is the most appropriate way for an analyst to incorporate the differential tax treatment in his analysis？ He should include it in:

A. liabilities when calculating the company’s current ratio.

B. equity when calculating the company’s return on equity ratio.

C. liabilities when calculating the company’s debt-to-equity ratio.

We can learn from the last paragraph that the author believes ________.

[A] happiness more often than not ends in sadness

[B] the anti-happy art is distasteful but refreshing

[C] misery should be enjoyed rather than denied

[D] the anti-happy art flourishes when economy booms

there is really nothing seriously wrong with you, physically that is. The analyst' s report shows that basically you are very fit.

W: So, why is it that I' m always so nervous... tense... ready to jump on anybody-my husband, children, and colleagues？ M: I think your condition has a lot to do with your habits.

W: Habits？

M: Yes... now tell me, madam, you smoke, don't you？

W: Yes, I'm afraid I do, doctor.

M: And, very heavily, I imagine.

W: Yes, quite heavily.

M: What do you eat normally？

W: I' m a good eater. Yes, I' d say I'm a good eater. But usually, I don't eat breakfast.

M: That' s bad for your health. I think you should get up early and have breakfast. And, another question, do you get up early？

W: No, I usually get up at 9: 00 a. m. I get up late because I go to bed too late. I stay up late watching TV till the midnight.

M: What sport do you usually do？

W: I don't like sports. But sometimes I play cards with some friends, that may be my sport.

M: I think, madam, for your health, you' d better change your way of life.

The patient, according to the analyst' s report, is

A．physically ill.

B．mentally ill.

C．fit.

D．nervous.

a detailed computer-based solution. Typically, there are four systems design tasks for in-house development.

1) The first task is to specify （71） , which defines the technologies to be used by one, more, or all information systems in terms of their data, processes, interfaces, and network components. This task is accomplished by analyzing the data models and process models that are initially created during requirements analysis.

2) The next systems design task is to develop the （72） . The purpose of this task is to prepare technical design specifications for a database that will be adaptable to future requirements and expansion.

3) Once the database prototype has been built, the systems designer can work closely with system users to develop input, output and dialogue specifications. The （73） must be specified to ensure that the outputs are not lost, misrouted, misused, or incomplete.

4) The fourth design task involves packaging all the specifications from the previous design tasks into a set of specifications that will guide the （74） activities during the following phases of the systems development methodology.

Finally, we should （75） and update the project plan accordingly. The key deliverable should include a detailed plan for the construction phase that should follow.

（71）

A. an application architecture

B. a distributed system

C. a system scope

D. a system physical model

（72）

A. database design specifications

B. database organization decisions

C. data structure specifications

D. data distribution decisions

（73）

A. format and layout

B. transaction details

C. additional instructions

D. internal controls

（74）

A. system administrator’s

B. system analyst’s

C. computer programmer’s

D. system designer’s

（75）

A. adjust the project schedule

B. reevaluate project feasibility

C. evaluate vendor proposals

D. select the best vendor proposal

nk. All servers ar e located in the main office run Windows Server 2008 R2. All client computers run Windows 7.You install an application on a Remote Desktop Session Host (RD Session Host) se rver. Users in the branch office experience slow performance when accessing the application through Remote Desktop.You need to minimize the bandwidth utilization to the RD Session Host server.What should you do？（）

A.Configure BranchCache in Hosted Cache mo de.

B.On the RD Session Host server, configure the RDP - TCP properties to allow only Network Level Authentication.

C.On each client computer, configure the Connect Experience settings in the Remote Desktop Connection client.

D.On each client computer, confi gure the Connect From Anywhere settings in the Remote Desktop Connection client.