（） Describe the set of criteria used by NIST to evaluate SHA-3 candidates.

A．evaluate

B．evaluating

C．evaluated

D．to evaluate

It is expected that investing $20 million in the business will increase income by 5% over the first year. Approximately 40% of cost of sales and other expenses are fixed, the remainder of these costs are variable. Fixed costs will not be affected by the business expansion, while variable costs will increase in line with income.

KQK Co pays corporation tax at a rate of 30%. The company has a policy of paying out 40% of profit after tax as dividends to shareholders.

Current liabilities are expected to increase by 3% by the end of the first year following the business expansion.

Average values of other companies similar to KQK Co:

Required:

(a) Assess the impact of financing the business expansion by the loan note issue on financial position, financial risk and shareholder wealth after one year, using appropriate measures. (10 marks)

(b) Discuss the circumstances under which the current weighted average cost of capital of a company could be used in investment appraisal and indicate briefly how its limitations as a discount rate could be overcome. (5 marks)

A. Create a new Quad-A (AAAA) DNS record.

B. Create a new Signature (SIG) DNS record.

C. Create a new Public key (KEY) DNS record.

D. Create a new Well-known service (WKS) DNS record.

A．praise his success

B．reward him with a trip

C．give him a punishment

D．get rid of all the tests

A. supports VLSM

B. link - state routing protocol

C. operati on is similar to BGP

D. supports two routing levels within an autonomous system

Farm incomes have changed over the years too. For example, in 1933, people living and working on farms had much less money to spend than other Americans. At that time, farm families had about one-third the income of non-farmers after all necessary expenses had been paid. By the late 1970s, however, that difference had almost disappeared (33) .

In 2004, farmers had their best year ever. The United States Department of Agriculture says the average farm family earned about 81,000 dollars. That is more than the average American family, which earned about 60,000 dollars. Yet these numbers do not completely explain the situation for all farmer.. Those who have small farms often take other jobs to earn extra income. And farm earnings for large farms grew faster than for small ones (34) .

The Department of Labor measures the pay of industrial workers differently. It measures the average hourly and weekly pay for industrial workers. This is because factory workers are generally paid by the hour unlike farmers who earn income from their farm businesses. Industrial workers are about 23 percent of the labor force. But that number has been decreasing (35) . Most Americans have jobs that provide services. Professional technical and other services employ about 76 percent of the labor force.

(33)

A．About 25 percent of the population.

B．Less than 23 percent of the population.

C．About 76 percent of the population.

D．Less than 1 percent of the population.

Farm incomes have changed over the years too. For example, in 1933, people living and working on farms had much less money to spend than other Americans. At that time, farm families had about one-third the income of non-farmers after all necessary expenses had been paid. By the late 1970s, however, that difference had almost disappeared.

In 2004, farmers had their best year ever. The United States Department of Agriculture says the average farm family earned about 81, 000 dollars. That is more than the average American family, which earned about 60,000 dollars. Yet these numbers do not completely explain the situation for all farmers. Those who have small farms often take other jobs to earn extra income. And farm earnings for large farms grew faster than for mall ones.

The Department of Labor measures the pay of industrial workers differently. It measures the average hourly and weekly pay for industrial workers. This is because factory workers are generally paid by the hour unlike farmers who earn income from their farm businesses. Industrial workers are about 23 percent of the labor force. But that number has been decreasing. Most Americans have jobs that provide services. Professional, technical and other services employ about 76 percent of the labor force.

How many Americans were living on farms seventy years ago?

(33)

A．About 25 percent of the population.

B．Less than 23 percent of the population.

C．About 76 percent of the population.

D．Less than 1 percent of the population.

A．on the outskirts

B．on the outskirt

C．on outskirts

D．on outskirt