# on 07-Jan-2019 (Mon)

#### Annotation 3736598088972

 #reading-37-measures-of-leverage If Ceteris Paribus, a company with high operating leverage will have a large change in operating income for a small rise in sales. Therefore, during times of expansionary growth levels, a highly leveraged company will have higher earnings growth than a company with less leverage. The opposite will be the case during an economic contraction.

#### Annotation 3736694295820

 #reading-38-working-capital-management Current assets includes cash, account receivables, inventories, prepaid expenses and short-term marketable securities. Inventories are less liquid than any other current assets and accordingly will have an effect on the company's ability to remain solvent in the short term.

#### Annotation 3740023786764

 #reading-37-measures-of-leverage #ss-11 With 3 / 10 net 30 The cost of trade credit on the due date will be (1 + (0.03 / 1-0.03)) ^(365 / 30–10) – 1= 0.7434 = 74.3%

#### Annotation 3740025621772

 #reading-37-measures-of-leverage #ss-11 Business risk is the uncertainty regarding the operating income of a company. This uncertainty is caused by fixed operating costs of the business. So EBIT indicates operating income and is closely monitored for operating risk analysis. Financial risk refers to the uncertainty caused by the fixed cost associated with borrowed money.

#### Annotation 3740027456780

 #reading-38-working-capital-management #ss-11 We have to convert the yields of U.S. treasury and CD into bond equivalent yields. The other is in BEY. Security 1 = discount on U.S. treasury bill = discount yield * (60 / 360) = 0.383% discount = 100*0.383% = 0.383 market price = 100-0.383 = 99.62 HPY = (100 / 99.62)-1 = 0.381% BEY = (0.381) * (365 / 60) = 2.32% BEY of Security 2 = (0.65%) × (365 / 30) = 7.91% BEY of Security 3 = 3.65% So Security 2 (Bank CD) has the best BEY.

#### Flashcard 3743290625292

Question
In linux, RFC stands for [...]

status measured difficulty not learned 37% [default] 0
13. LINUX Resources
sgroup server is local, so you retrieve mail over a faster link and save Internet traffic. 13.6 RFCs An indispensable source of information for serious administrators or developers is the RFCs. <span>RFC stands for Request For Comments. RFCs are Internet standards written by authorities to define everything about Internet communication. Very often, documentation will refer to RFCs. [There are also a few nonsense RFCs

#### Flashcard 3743294295308

Question
In linux, [...]s are documents written by experts/authorities that define new Internet standards/protocals.