A、By the later eighteenth century, it was estimated that more tea was smuggled into Britain than was brought in legally.
B、In 1784 the Prime Minister, William Pitt, slashed the duty on tea, wiping out the illegal smuggling trade virtually overnight.
C、Adulteration disappeared immediately after the duty on tea was slashed.
D、Black tea gained more popularity than green tea, for sometimes poisonous chemicals would be added to make green 'tea' the right color.
第1题
A.By the later eighteenth century, it was estimated that more tea was smuggled into Britain than was brought in legally.
B.In 1784 the Prime Minister, William Pitt, slashed the duty on tea, wiping out the illegal smuggling trade virtually overnight.
C.Adulteration continued for many years after the duty on tea was slashed because legal tea was still expensive.
D.Green tea gained more popularity than black tea, for sometimes poisonous chemicals would be added to make black 'tea' the right color.
第2题
Rocky Mountain Air Cargo is a privately held commercial aviation company serving the western United States. It publishes financial statements in accordance with U.S. GAAP and uses a fiscal year that matches the calendar year.
Rocky Mountain was in good financial shape heading into 2003, with assets of $50 million at the beginning of the fiscal year. That year, it earned $3 million in net income and was easily able to maintain its traditional 50 percent dividend payout ratio. However, Rocky Mountain had a very difficult year in 2004, reporting a loss of $800,000. It managed to pay $1 million in dividends, but the decision to pay dividends in such a weak financial year further undermined the company’s fiscal stability.
Flitenight Air Lines, a publicly-traded aviation firm serving the central and Midwestern United States, wanted to expand its range of service by coordinating its flight schedule with airlines serving different geographic regions ofNorth America. One of these airlines was Rocky Mountain Air Cargo.
To cement the relationship, Flitenight’s CEO, John “Bulldog” Basten, decided to make a significant investment in Rocky Mountain Air Cargo. He was easily able to convince both boards of the wisdom of the deal, and, in his usual brash style, personally negotiated the terms with his counterpart at Rocky Mountain, Buck Matthews. Flitenight Air Lines acquired a 20 percent stake in Rocky Mountain Air Cargo (with an option to purchase 40 percent more) for $10 million cash. The deal closed on January 1, 2003 and Flitenight accounted for the investment using the equity method.
Basten was not happy to find that he had invested right at the peak of Rocky Mountain’s profitability and wound up with a money-losing airline. He had a difficult conversation with Matthews in early 2005, complaining about the impact of the Rocky Mountain investment on Flitenight’s financials. Basten pointed out that he had a loss on his books: the original $10 million investment in Rocky Mountain was carried at only $9,940,000 on Flitenight’s December 31, 2004 balance sheet. Matthews countered that this was just an accounting entry: on a cash basis, Flitenight had a gain of 5 percent on its investment over the two years.
Matthews’ insistence that the investment had earned money for Flitenight did not sit well with Basten. Basten decided that Rocky Mountain was clearly being mismanaged and concluded it was time to gain control of the company.
Basten assured Neil Glenn, the Chairman of Flitenight’s board, that he could turn Rocky Mountain around. He promised Glenn that, in 2005, Rocky Mountain would once again achieve $3 million in earnings and a 50 percent payout ratio. “With those results,” Basten promised Glenn, “our asset accounts will value the Rocky Mountaininvestment at $10,240,000 on our December 31, 2005 balance sheet – so we’ll show a gain on our original investment.” Glenn was skeptical of anyone’s ability to turn the airline around so quickly. Even so, Glenn assured Basten, “If it takes you longer to turn it around, at least we’ll have the dividend income on our 2005 cash flow statements.”
Basten notified Matthews and Rocky Mountain’s board that Flitenight intended to exercise its option. At the direction of Basten and Glenn, Flitenight purchased the additional shares for cash and gained control of RockyMountain on December 31, 2004.
Part 4)
Which of the following statements about the consolidation method and the equity method is FALSE?
A)Both result in the same net income.
B)Only capital flows between parent and investee (such as dividends) appear in the cash flows of the parent.
C)Both result in the same net worth.
D)Both result in the same ROE.
第3题
A、Customer support service is one of the chief functions of marketer to offer help to the customers.
B、The objective of branding is to differ a company’s products from its competitors.
C、Promotion means informing the consumers about the goods of the company.
D、The price of a product is affected by its cost and profit rate, but not by competitors’ prices
第4题
Which of the following statements about the financial statements of limited liability companies are correct according to International Financial Reporting Standards? 1 In preparing a statement of cash flows, either the direct or the indirect method may be used. Both lead to the same figure for net cash from operating activities. 2 Loan notes can be classified as current or non-current liabilities. 3 Financial statements must disclose a company's total expense for depreciation, if material. 4 A company must disclose by note details of all adjusting events allowed for in the financial statements.
A、1, 2 and 3 only
B、2 and 4 only
C、3 and 4 only
D、All four items
第5题
A.There are plenty of fishes in it.
B.It is a safe place for swimmers.
C.It is extremely salty.
D.No fish can be found in it.
第6题
A、Not all commercial banks deal for their customers in the secondary market.
B、Money markets are used extensively by businesses both to warehouse surplus funds and to raise short-term funds.
C、The single most influential participant in the U.S. money market is the U.S. Treasury Department.
D、All of the above are true.
E、Only (a) and (b) of the above are true.
第7题
A.Students should be given tasks to perform. or problems to solve in the classroom.
B.Student are task-driven.
C.Task-based language teaching is student-centered.
D.Task-based language teaching is teacher-centered.
第8题
A.Undersea research is still incomplete.
B.Technology used in undersea studies is still in a very primitive stage of development.
C.More undersea research is conducted near shore than in mid ocean.
D.Military researchers have made several momentous discoveries about undersea life.
第9题
A.Undersea research is still incomplete.
B.Technology used in undersea studies is still in a very primitive stage of development.
C.More undersea research is conducted near shore than in mid-ocean.
D.Military researchers have made several momentous discoveries about undersea life.
第10题
B.It relates the conflicts between the society and the individual.
C.It is about the effect of sin on the people involved and the society as a whole.
D.It presents a p
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