A book published yearly as a report or summary of statistics or facts is called__________.

Write a summary of Act Scene 1. Please note 1. that your summary should have a title such as The Summary of Act I Scene 1. 2 that the summary should include three parts, the beginning part, the body part, and the ending part;. 3.that the summary begins with one or two sentences about the main topic you are going to write; 4. that in the summary, present tense is used when you are discussing the events in the play; and the ending part is the concluding sentense or sentences of your summary. 5. that when writing the summary, you are not allowed to tell your ideas about the text; 6. that plagiarism is not allowed when writing the summary. 7. Citation more than two words should be quoted; otherwise the writing shall be regarded as a crime of plagiarism.

What is the function of the last paragraph?

A．a summary of the whole passage

B．a repetition of the views expressed

C．a challenge to the views expressed

D．an intensification of the theme of the essay

This passage is most probably part of ______.

A．a summary of interviews

B．a book review

C．a true story

D．a biography

The passage is most likely to be______.

A．a summary of a government-sponsored program in health policy study

B．a review of a book in health-care system study

C．a survey of the influence of economic policies on health-care system

D．a critical commentary on the U.S. health-care system

2 A proposal has been put to the board of directors of Semer plc that the company should increase its capital gearing

to at least 50%, in order to reduce the company’s cost of capital and increase its market value.

The managing director of Semer is not convinced by the logic of the proposal, or the accuracy of the calculations, but

is unable to explain the reasons for his reservations.

A summary of the proposal and its implications is shown below.

Proposal to increase the capital gearing of Semer plc

The company’s current weighted average cost of capital is estimated to be 10·6%. If the proportion of debt is

increased to 50% of total capital, by the repurchase of ordinary shares at their current market value, the cost of capital

may be reduced to 9·9%. A reduced cost of capital means that the value of the company will increase which will be

welcomed by our shareholders. Calculations supporting the above proposal are shown below:

(ii) The current price of Semer’s ordinary shares is 410 pence.

(iii) The market price of one 8% debenture 2010 is ￡112.

(iv) The market return is 10·5% and the risk free rate 4·0%.

(v) Semer’s equity beta is 1·2.

(vi) Semer currently pays ￡15 million in dividends.

(vii) The corporate tax rate is 30%.

(viii) The company currently generates a free cash flow of ￡60 million per year, which is expected to increase by

approximately 3% per year.

Required:

(a) What, if any, are the mistakes in the proposal? Correcting for any mistakes produce revised estimates of the

company’s current cost of capital and current value. Brief explanation of the reasons for any revisions should

be included. (15 marks)

As the designated rudder angle is being achieved, as a result of the original command input, the steering gear follow-up mechanism is ______.

A.in motion, providing a null input

B.not in motion, thus providing a null input

C.in motion, providing an input to place the main pump on maximum stroke

D.in motion, providing an input to place the main pump at null stroke

What should Mr. Risco do when he returns from Kentwood Offices?

A．Write a summary of the meeting

B．Forward the contract to Ms. Lo Turco

C．Fill out a reimbursement request form

D．Give his receipts to the accounting department