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NEW QUESTION: 1
What is the default file version when you save a report to crystalreports.com?
A. Crystal Reports XI
B. Crystal Reports 2008
C. Crystal Reports 4.5
D. Crystal Reports 9
Answer: B
Explanation:
Topic 2, Volume B

NEW QUESTION: 2
Where can Calculated metrics be used?
A. Real Time reports
B. Report builder
Change to calculated metrics is reflected in Analysis Workspace, Reports & Analytics, the Reporting API, Report Builder, and Ad Hoc Analysis
C. Fallout
D. Flow
Answer: B

NEW QUESTION: 3
A user is unable to communicate with any local network resources, but is connected to the wireless network and can access the Internet. The network technician notices that the laptop has an incorrect IP address, even though it shows it is connected. Which of the following is the MOST likely cause?
A. Interference
B. AP placement
C. Signal strength
D. Incorrect SSID
Answer: D

NEW QUESTION: 4
Howell Enterprises is forecasting EPS of $4.00 per share for next year. The firm has 10,000 shares outstanding, it pays 12 percent interest on its debt, and it faces a 40 percent marginal tax rate. Its estimated fixed costs are $80,000 while its variable costs are estimated at 40 percent of revenue. The firm's target capital structure is 40 percent equity and 60 percent debt and it has total assets of $400,000.
On what level of sales is Howell basing its EPS forecast?
A. $480,400
B. $292,444
C. $316,722
D. $1,000,000
E. $105,280
Answer: B
Explanation:
Explanation/Reference:
Explanation:
EPS = (Sales - Fixed costs- Variable costs - Interest)(1 - T)/Shares outstanding.
Step 1 Calculate interest expense
Debt = 0.60 x $400,000 = $240,000.
Interest = 0.12 x $240,000 = $28,800.
Step 2 Solve for Sales (S)
EPS = $4.00 = (S - 0.40S - $80,000 - $28,800) x (1 - 0.40)/10,000
= (0.60S - $108,800)(0.6)/10,000
$4.00 = (0.36S - $65,280)/10,000
$105,280 = 0.36S
Sales = $292,444.44.
Alternative method
EPS = (EBIT - Interest)(1 - T)/Shares outstanding.
Solve for EBIT
Net Income = EPS x Shares outstanding = $4.00 x 10,000 = $40,000.
EBT = NI/(1 - T) = $40,000/(0.6) = $66,667.
Interest (from above) = $28,800.
EBIT = EBT + Interest = $66,667 + $28,800 = $95,467.
S = 0.40S + $95,467 + $80,000
0.6S = $175,467
S = $175,467/0.6 = $292,445.