袈笔试题
袆考试题型：
一、从下列选项中选出最佳答案(40x1.5=60分) 二、计算题（10x2=20分） 三、段落中英互译（5x4=20分） PartIChoicequestions40x1.5=60points)(Pleasewriteyouranswerinthefollowingtable) 1.Financialstatementdoesnotinclude() A.balancesheetB.incomestatement C.cashflowstatementD.workingsheet 2.Anincreaseinwhichoneofthefollowingwillincreasetheoperatingcashflow? A.employeesalariesB.officerent C.buildingmaintenanceD.equipmentdepreciation 3.Theprocessofplanningandmanagingafirm’slong-terminvestmentsiscalled: A.workingcapitalmanagement.B.financialdepreciation. C.capitalbudgeting.D.capitalstructure. 4.Cashequivalentsinclude() A.timedepositsB.inventories
C.accountsreceivableD.prepaidexpenses
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羀5.Theinternalrateofreturnforaprojectwillincreaseif:
A.theinitialcostoftheprojectcanbereduced.B.thetotalamountofthecashinflowsisreduced.
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羂C.therequiredrateofreturnisreduced.D.thesalvagevalueoftheprojectisomittedfromtheanalysis.
膁6.Whichofthefollowingbelongstocurrentliabilities?() A.mortgagespayableB.prepaidexpenses C.notespayableD.bondspayable
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羂7.Youspent$500lastweekfixingthetransmissioninyourcar.Now,thebrakesareactingupandyouaretryingtodecidewhethertofixthemortradethecarinforanewermodel.Inanalyzingthebrakesituation,the$500youspentfixingthetransmissionisa(n)___cost.
芈A.opportunityB.sunk C.incrementalD.fixed 8.Whichofthefollowingstatementsarecorrectconcerningdiversifiablerisks? I.Diversifiableriskscanbeessentiallyeliminatedbyinvestinginseveralsecurities. II.Themarketrewardsinvestorsfordiversifiableriskbypayingariskpremium. III. Diversifiablerisksaregenerallyassociatedwithanindividualfirmorindustry. IV.Betameasuresdiversifiablerisk. A.IandIIIonlyB.IIandIVonly C.IandIVonlyD.IIandIIIonly
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膈9.Whichofthefollowingisaliabilityaccount?（） A.prepaidinsuranceB.additionalpaid-incapital C.salariespayableD.accumulateddepreciation
10.Accountantsemployedbylargecorporationsmayworkintheareasofthefollowingexcept() A.productcostingandpricingB.budgeting C.internalauditingD.productproducing 11.Acorporation’sfirstsaleofequitymadeavailabletothepubliciscalleda(n):（） A.sharerepurchaseprogram.B.privateplacement. C.initialpublicoffering(IPO).D.seasonedequityoffering(SEO). 12.Standarddeviationmeasures____risk. A.totalB.nondiversifiableC.unsystematicD.systematic
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肈13.()isthevalueatsomefuturetimeofapresentamountofmoney,oraseriesofpayments,evaluatedatagiveninterestrate.
袆A.futurevalueB.presentvalueC.intrinsicvalueD.marketvalue
肃14.EllesmereCorporationissues1million$1parvaluebonds.Thestatedinterestrateis8%peryearandtheinterestispaidtwiceayear.Whatistherealinterestrateofthebond?()
薁A.6%B.4%C.10%D.(1+8%/2)2-1
葿15.Yourfirmpurchasedawarehousefor$335,000sixyearsago.Fouryearsago,repairsweremadetoth
ebuildingwhichcost$60,000.Theannualtaxesonthepropertyare$20,000.Thewarehousehasacurrentbookvalueof$268,000andamarketvalueof$295,000.Thewarehouseistotallypaidforandsolelyownedbyyourfirm.Ifthecompanydecidestoassignthiswarehousetoanewproject,whatvalue,ifany,shouldbeincludedintheinitialcashflowoftheprojectforthisbuilding?（）
薈A.$268,000B.$295,000C.$395,000D.$515,000
16.Whichoneofthefollowingwilldecreasetheoperatingcycle? A.payingaccountspayablefaster B.discontinuingthediscountgivenforearlypaymentofanaccountsreceivable C.decreasingtheinventoryturnoverrate D.collectingaccountsreceivablefaster
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蚁17.AssumethatdividendsofacommonstockwillbemaintainedatDforever,andtherequiredreturnofthestockholderisr,theparvalueofthestockism,thevalueofthestockis()
芁A.mB.m+DC.m+D/rD.D/r 18.Whichofthefollowingitemshasthemostrisk?() A.treasurybillB.corporatebondC.preferredstockD.commonstock 19.()equalsthegrossprofitdividedbynetsalesofafirm. A.grossprofitmarginB.netprofitmarginC.returnoninvestmentD.returnonequity 20.()istheratiosthatmeasureafirm’sabilitytomeetshort-termobligations A.liquidityratiosB.leverageratiosC.coverageratiosD.activityratios 21.Sensitivityanalysishelpsyoudeterminethe:
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螈A.rangeofpossibleoutcomesgivenpossiblerangesforeveryvariable. B.degreetowhichthenetpresentvaluereactstochangesinasinglevariable. C.netpresentvaluegiventhebestandtheworstpossiblesituations. D.degreetowhichaprojectisreliantuponthefixedcosts. 22.AccordingGAAPrevenueisrecognizedasincomewhen:（） A.acontractissignedtoperformaserviceordeliveragood. B.thetransactioniscompleteandthegoodsorservicesdelivered. C.paymentisreceived. D.incometaxesarepaid. E.alloftheabove.
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蒅23.()istheresultofNetProfitMargin×totalassetturnover×(totalassets/shareholders’equity)
薂A.ReturnonequityB.returnoninvestmentC.currentratioD.quickratio 24.Governmenttaxlawadjustmentis()toafirm. A.generaleconomicriskB.inflationanddeflationriskC.firm-specificrisk 25.Whichofthefollowingstatementsconcerningtheincomestatementisnottrue? A.Itmeasuresperformanceoveraspecificperiodoftime. B.Itdeterminesafter-taxincomeofthefirm. C.Itincludesdeferredtaxes.
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财务管理英文笔试题
