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Exam Code: FPC-Remote
Exam Name: Fundamental Payroll Certification
Vendor: APA

60 Questions & Answers
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NEW QUESTION: 1
Storage Expiry is enabled.
How can messages from a single mailbox archive be prevented from deletion?
A. create and apply an EVPM initialization file with "NONDeletable=True" against the mailbox
B. clear the "Delete expired items from this archive automatically" check box in the archive properties
C. use the Tools > Disable Mailboxes option
D. mark the "Lock this category" check box in the Retention Category properties and restart the storage server
Answer: B

NEW QUESTION: 2





A. 0
B. 1
C. 2
D. 3
Answer: C

NEW QUESTION: 3



A. 0
B. 1
C. An error
D. 2
Answer: D
Explanation:
Explanation: * Alert(x) is within the scope of the outermost assignment, x=0.
* Local variables have local scope: They can only be accessed within the function.
Example
// code here can not use carName
function myFunction() {
var carName = "Volvo";
// code here can use carName
}
* A variable declared outside a function, becomes GLOBAL.
A global variable has global scope: All scripts and functions on a web page can access it.
Example
var carName = " Volvo";
// code here can use carName
function myFunction() {
// code here can usecarName
}
* The alert() method displays an alert box with a specified message and an OK button.
An alert box is often used if you want to make sure information comes through to the user.
Reference: JavaScript Scope

NEW QUESTION: 4
Taylor Technologies has a target capital structure, which is 40 percent debt and 60 percent equity. The equity will be financed with retained earnings. The company's bonds have a yield to maturity of 10 percent.
The company's stock has a beta = 1.1. The risk-free rate is 6 percent, the market risk premium is 5 percent, and the tax rate is 30 percent. The company is considering a project with the following cash flows:
TimeCash flow ($)
0-50,000
135,000
243,000
360,000
4-40,000
What is the project's modified internal rate of return (MIRR)?
A. 10.78%
B. 9.26%
C. 16.14%
D. 6.76%
E. 20.52%
Answer: E
Explanation:
Explanation/Reference:
Explanation:
First, find the company's weighted average cost of capital:
We're given the before-tax cost of debt, k(d) = 10%. We can find the cost of equity as follows:
K(s) = 0.06 + 0.05(1.1) = 0.115 or 11.5%.
Thus, the WACC is:
k = 0.4(0.10)(1 - 0.3) + 0.6(0.115) = 0.097 or 9.7%.
Second, the PV of all cash outflows can be calculated as follows:
PV of CF(4): N = 4, I = 9.7, PMT = 0, FV = 40,000 and solve for PV. Total PV(Costs) = -$50,000 -
$27,620.62 = -$77,620.62.
Third, find the terminal value of the project at t = 4:
FV of CF(1) at t = 4 is calculated as follows: N = 3, I = 9.7, PV = -35,000, PMT = 0, and solve for FV
$46,204,89. Similarly, the FVs of CF(2) and CF(3) are found to be $51,746.59 and $65,820, respectively.
Summing these FVs gives a terminal value of $46,204.89 + $51,746.59 + $65,820.00 = $163,771.48.
Finally, the MIRR can be calculated as N = 4, PV = -77,620.62, PMT = 0, FV = 163,771.48, and solve for I
= MIRR = 20.52%.


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