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NEW QUESTION: 1
Morgan Inc. was organized on January 2, 1997 with the following capital structure:
10% cumulative preferred stock, par value $100 and liquidation value $105; authorized, issued and outstanding 1,000 shares, $100,000 Common stock, par value $25; authorized 100,000 shares;
Issued and outstanding 10,000 shares, $250,000
Morgan had net income of $450,000 for its first year, but no dividends were declared. How much was Morgan's book value per common share at December 31, 1997?
A. $69.50
B. $25
C. $68.50
D. $45.00
E. $70
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The book value per share of cumulative preferred stock is its liquidation value plus any dividends in arrears. Thus, the book value per preferred share is the $105 liquidation value plus $10 ($100 X 10%) of dividends in arrears, or $115. The total book value for preferred shares is $115,000 ($115 X 1000). The total book value of the company is $800,000 ($100,000 par value of preferred stock + $250,000 par value of common stock + retained earnings equal to $450,000 of net income). Hence, $685,000 ($800,000-
115,000) is the book value of the common stock, and book value per common share is $68.50 ($685,000 /
10,000 shares).
NEW QUESTION: 2
You have an App Engine application serving as your front-end. It's going to publish messages to Pub/Sub. The Pub/Sub API hasn't been enabled yet. What is the fastest way to enable the API?
A. Use a service account to auto-enable the API.
B. Enable the API in the Console.
C. The API will be enabled the first time the code attempts to access Pub/Sub.
D. Application's in App Engine don't require external APIs to be enabled.
Answer: B,C
NEW QUESTION: 3
Company X has a Cisco Unified Communications Manager cluster and a Cisco Unity Connection cluster at
its head office and implemented SRST for its branch offices. One Monday at 2:00 pm, the WAN connection
to a branch office failed and stayed down for 45 minutes. That day the help desk received several calls
from the branch saying their voicemail was not working but they were able to make and receive calls.
Why did the users not realize the WAN was down and prevented access to their voicemail?
A. The voice administrators at the head office did not call the users to notify them.
B. All the phones should have started ringing the instant the WAN connection failed to signal the start of
SRST mode.
C. Although the phones were still working, the users should have noticed that the phone displays said
"SRST Fallback Active".
D. All calls should have dropped when the WAN failed so users would be instantly aware.
Answer: C
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