CIPS L4M1 Q&A - in .pdf

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  • Exam Code: L4M1
  • Exam Name: Scope and Influence of Procurement and Supply
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
Match each HPE solution to its corresponding technology usage.

Answer:
Explanation:


NEW QUESTION: 2
What is the order of priority when matching Attribute Identifiers?
A. Name>UID>EID>Other Attributes
B. UID>EID>Name>Other Attributes
C. EID>UID>Name>Other Attributes
D. Name>EID>UID>Other Attributes
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The exception to this is if the two records are matched using a uid attribute, as UID matching is performed before EID matching.

NEW QUESTION: 3
Williams, Inc. is interested in measuring its overall cost of capital and has gathered the following data.
Under the terms described below, the company can sell unlimited amounts of all instruments.
. Williams can raise cash by selling $1,000, 8 percent, 20-year bonds with annual interest payments. In
selling the issue, an average premium of $30 per bond would be received, and the firm must pay
floatation costs of $30 per bond. The after-tax cost of funds is estimated to be 4.8 percent.
. Williams can sell 8 percent preferred stock at par value, $105 per share. The cost of issuing and selling
the preferred stock is expected to be $5 per share.
. Williams' common stock is currently selling for $100 per share. The firm expects to pay cash dividends of
$ 7 per share next year, and the dividends are expected to remain constant. The stock will have to be
underpriced by $3 per share, and floatation costs are expected to amount to $5 per share.
. Williams expects to have available $100,000 of retained earnings in the coming year; once these
retained earnings are exhausted, the firm will use new common stock as the form of common stock equity
financing.
. Williams' preferred capital structure is:
Long-term debt 30%
Preferred stock 20
Common stock 50
If Williams, Inc. needs a total of $1,000,000, the firm's weighted-average cost of capital would be:
A. 6.5 percent.
B. 9.1 percent.
C. 4.8 percent.
D. 6.8 percent.
Answer: D
Explanation:
Choice "a" is correct. 6.8%. This question pertains to the manner in which changes in the required amount
of capital will impact the weighted average cost of capital governed by the target capital structure. The
rates are given, and you must derive the weights. The company needs a total of $1,000,000. The total
Retained Earnings is $100,000, which will only represent 10% of the total amount needed. In J92-1.01,
we computed the cost of new common share issues at 7.6%, and we know that we can issue unlimited
amounts of each security. Based on these assumptions, we know that the target capital structure will
remain unchanged but that the components of common equity will be priced differently because Retained
Earnings only equals $100/$1,000 (or 10%). If the target capital structure calls for 50% common stock and
only 10% is available from retained earnings, then 40% must come from the issuance of new common
shares. The weighted average is computed as follows:

Choices "b", "c", and "d" are incorrect, per the above calculcation.

NEW QUESTION: 4
A campaign requires multiple audience segments for the same delivery. What must be included in the campaign?
A. The campaign must contain multiple deliveries
B. The campaign must have multiple workflows
C. The campaign must contain seeds
D. The campaign must contain a split
Answer: A

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