A retail company that leases the majority of its space has:·total assets of $4,500 milli

A.categorykiller

B.factoryoutlet

C.specialtystore

D.superstor

E.powercenter

lion and total long-term debt of $2,125 million bearing an average interest rate of 10%.

Note 8: Operating leases

After adjustment for the off-balance-sheet financing, the debt-to-total-assets ratio for the company is closest to:

A. 58%.

B. 62%.

C. 72%.

twork. The company needs a minimum of 300 sub-networks and a maximum of 50 host addresses per subnet. Working with only one Class B address, which of the following subnet masks will support an appropriate addressing scheme？（）

A.255.255.255.0

B.255.255.255.128

C.255.255.252.0

D.255.255.255.224

E.255.255.255.192

F.255.255.248.0

(d) Calculate the ex dividend share price predicted by the dividend growth model and discuss the company’s

view that share price growth of at least 8% per year would result from expanding into the retail camera

market. Assume a cost of equity capital of 11% per year. (6 marks)

furniture outlets. He has prepared the following common sized data from their recent annual report and has estimated sales for 2013 using a forecast model his firm developed for consumer goods.

The capital structure of the company has not changed. The projected net income (in $ millions) for 2008 is closest to:

A.110.1.

B.162.8.

C.167.4.

To: Julia Davis ＜julia@speedway.com＞

From: Sabrina Tan ＜sabrina@retail@com＞

Date: October 22

Subject: Your delivery service

Dear Julia Davis,

We have just received the inventory we were waiting for, and would like your company to deliver it to our retail outlets. The merchandise is still at our warehouse at the port, and if possible, we would like to have you deliver approximately 25 percent of it to our Prime Outlet on Wednesday.

I will wait for your reply before I give our warehouse the go-ahead.

Yours truly,

Sabrina Tan

Where is the merchandise that needs to be delivered？

A．At the port

B．At Julia Davis' warehouse

C．At the retail outlets

D．At the Prime Outlet

NOT JUST A SHOP!

In his yearly report, the Chairman of a chain of retail outlets writes about the financial aspects of the business and describes the work which the company has done to benefit people in the areas where their shops are located

It continues to be an important part of our company policy to be responsible for the health and welfare of people in the areas which we serve. In the past year, we have concentrated especially on education and training, and have invested over ￡4,000,000 in this and other areas ranging from the care of the old to the arts.

Let us look at these first. We have, as always, financed health research and care projects helping not only the old but children and the disabled too. We were especially pleased this year to provide alarms for disabled people who live alone and to run programmes which help children understand better the problems facing disabled people.

The Groundwork Foundation encourages young people in poor areas to improve their environment, while the Schools Prom concert at the Royal Albert Hall in London includes 20,000 children nationwide. Both of these were given financial help.

As mentioned above, in the last year we have been active in supporting a range of education projects. Two of our managers are now out of the company on 1-year projects, training young people for work in the retail industry and improving the quality of the teaching they receive. In addition, we have started a programme of 3-month schemes which our managerial staff are able to benefit from without having to take a long break from their jobs.

Schools and universities have also benefited. A London Business School received ￡50,000 to develop a training programme for UK school staff, giving them the skills necessary to manage their own schools. A major University has received a promise of ￡100,000 over 5 years to fund a new teaching post in international retailing. This will allow 22 more students to study this subject each year.

It is not only the company that supports good work for other people. Members of staff themselves are encouraged to join the company Give as You Earn system, to give money to others, especially those organisations working for the benefit of the local area. In such cases the company often gives its support by making an additional contribution.

We look forward to committing even more money to these and other projects in the coming year.

In the past year ￡4,000,000 was spent on

A．looking after old people.

B．all the company projects.

C．education and training.

n Services (AD DS) domain. All servers run Windows Server 2008 R2. All client computers run Windows 7. You virtualize applications by using Microsoft Application Virtualization (App - V).You need to ensure tha t all users access virtualized applications from their local branch office, and allow for active upgrades.Which should you install in each branch office？（）

A.a server with the File Services role installed

B.a server with the Web Server (IIS) role installed

C.Microsoft System Center Configuration Manager 2007 R2

D.Microsoft System Center Application Virtualization Streaming Server

(iii) Tyre has entered into two new long lease property agreements for two major retail outlets. Annual rentals are paid

under these agreements. Tyre has had to pay a premium to enter into these agreements because of the outlets’

location. Tyre feels that the premiums paid are justifiable because of the increase in revenue that will occur

because of the outlets’ location. Tyre has analysed the leases and has decided that one is a finance lease and

one is an operating lease but the company is unsure as to how to treat this premium. (5 marks)

Required:

Advise the directors of Tyre on how to treat the above items in the financial statements for the year ended

31 May 2006.

(The mark allocation is shown against each of the above items)