第1题
The impairment loss (in $-millions) on the production facilities will most likely be reported in the company’s financial statements as a:
A.13.8 reduction in operating cash flows..
B.13.8 impairment loss in the income statement
C.7.4 reduction in the balance sheet carrying amount.
第2题
What is the theoretical value of the company?
A.$20m
B.$40m
C.$50m
D.$25m
第3题
A.by paying in cash.
B.by charging them to their personal account.
C.by using a store credit card.
D.by writing a personal check.
第4题
HUAMING Co. plans to purchase a machine, and the related information is as follows: The machine is expected to incurr cost of $15 million, and its useful life is 3 years. It is depreciated straight-line to zero over its useful life, and there is no scrapt value. The sales will be increase by $12 millions, $20 millions and $15 millions respectively in the following 3 years, and the variable costs will be corresponding increased by $4 millions, $10 millions and $6millions. The tax rate is 25%, and the required return rate is 10%. The relavant PV factor is as follows: 1 2 3 (P/F,10%,n) 0.9091 0.8264 0.7513 (P/A,10%,n) 0.9091 1.7355 2.4869 Required: (1)calculate the anual depreciation. (2)calculate the annual operating cash flow. (3)calculate the payback period(静态回收期)。 (4)calculate the NPV of this project. (5)Decide whether to make this investment or not, and why.
第5题
A.there is not much to be done about stolen cash for the thief can be caught.
B.if a check is stolen or lost you can cancel it to stop the payment.
C.there is not too much help to deduct the tax paying by cash in the exporting sector.
第6题
A company’s draft financial statements for 2005 showed a profit of $630,000. However, the trial balance did not agree,
and a suspense account appeared in the company’s draft balance sheet.
Subsequent checking revealed the following errors:
(1) The cost of an item of plant $48,000 had been entered in the cash book and in the plant account as $4,800.
Depreciation at the rate of 10% per year ($480) had been charged.
(2) Bank charges of $440 appeared in the bank statement in December 2005 but had not been entered in the
company’s records.
(3) One of the directors of the company paid $800 due to a supplier in the company’s payables ledger by a personal
cheque. The bookkeeper recorded a debit in the supplier’s ledger account but did not complete the double entry
for the transaction. (The company does not maintain a payables ledger control account).
(4) The payments side of the cash book had been understated by $10,000.
9 Which of the above items would require an entry to the suspense account in correcting them?
A All four items
B 3 and 4 only
C 2 and 3 only
D 1, 2 and 4 only
第7题
A company has equipment with an original cost of $850,000, accumulated amortization of $300,000 and 5 years of estimated remaining useful life.Due to a change in market conditions the company now estimates that the equipment will only generate cash flows of $80,000 per year over its remaining useful life.The company’s incremental borrowing rate is 8 percent.Which of the following statements concerning impairment and future return on assets (ROA) is most accurate? The asset is:
A.impaired and future ROA increases.
B.impaired and future ROA decreases.
C.not impaired and future ROA increases.
第8题
A.days sales payable (DSP).
B.gains on the sale of long-term assets.
C.use of operating leases versus financing leases.
第9题
A.higher income variability and higher cash flows from operations.
B.lower cash flows from investing and lower income variability.
C.lower cash flows from operations and higher profitability in early years.
第10题
· The firm maintains a constant dividend payout ratio.
· Goodwill and patents account for a high proportion of the firm’s assets.
· The firm’s revenues and earnings are highly correlated with the business cycl
A.Furthermore, the investor focuses on the firm’s capacity to pay dividends rather than expected dividends. Considering the characteristics, the investor will most likely use which of the following valuation models?
B.Gordon dividend growth model
C.Asset-based valuation model
D.Free cash flow to equity model
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