公司金融英文试题.pdf
《公司金融英文试题.pdf》由会员分享,可在线阅读,更多相关《公司金融英文试题.pdf(11页珍藏版)》请在得力文库 - 分享文档赚钱的网站上搜索。
1、Multiple Choice(3 points20=60 points):1.Which of the following is not considered one of the basic questions of corporatefinance?A)What long-lived assets should the firm invest?B)How much inventory should the firm hold?C)How can the firm raise cash for required capital expenditures?D)How should the s
2、hort-term operating cash flows be managed?E)All of the above.Answer:BDifficulty:MediumPage:42.Generally accepted accounting principles may recognize and record a saleA)before a customer pays assuming they will pay soon.B)only after the company receives payment in full.C)when the company receives at
3、least 50%of the total revenue from thecustomer.D)All of the above.E)None of the above.Answer:ADifficulty:MediumPage:73.Working capital management includes decisions concerning which of thefollowing?I.accounts payableII.accounts receivableIII.long-term debtIV.inventoryA.I and II onlyB.I and III onlyC
4、.II and IV onlyD.I,II,and IV onlyE.I,III,and IV onlyAnswer:D4.Fixed assets can be either tangible or intangible.Intangible assetsA)are property,plant and equipment.B)can be converted to cash in the normal course of business.C)may be very valuable,although they have no physical presence,such astradem
5、arks or patents.D)are highly liquid.E)None of the above.Answer:CDifficulty:MediumPage:225.In 2004,TimeNow Corporation had fixed assets of$1,345,current assets of$260,current liabilities of$180 and shareholders equity of$775.What was the net workingcapital for TimeNow in 2004?A)$80B)$180C)$260D)$390E
6、)None of the above.Answer:ADifficulty:MediumPage:26Rationale:$260-$180=$806.What is the effect on net working capital if the corporation decides to increase itsinvestment in inventory and pay for it with cash?A)Increase in net working capital.B)Decrease in net working capital.C)Depends on the amount
7、 of the investment.D)No change in net working capital.E)None of the above.Answer:DDifficulty:MediumPage:26-277.If you have a choice to earn simple interest on$10,000 for three years at 8%orannually compound interest at 7.5%for three years which one will pay more and byhow much?A)Simple interest by$5
8、0.00B)Compound interest by$22.97C)Compound interest by$150.75D)Compound interest by$150.00E)None of the above.Answer:BDifficulty:MediumPage:64Rationale:Simple Interest=$10,000(.08)(3)=$2,400;Compound Interest=$10,000(1.075)3 1)=$2,422.97;Difference=$2,422.97-$2,400=$22.978.What is the relationship b
9、etween present value and future value interest factors?A.The present value and future value factors are equal to each other.B.The present value factor is the exponent of the future value factor.C.The future value factor is the exponent of the present value factor.D.The factors are reciprocals of eac
10、h other.E.There is no relationship between these two factors.Answers:D9.You have deposited$1,500 in an account that promises to pay 8%compoundedquarterly for the next five years.How much will you have in the account at the end?A)$1,598.33B)$2,203.99C)$2,228.92D)$6,991.44E)None of the above.Answer:CD
11、ifficulty:MediumPage:72-73Rationale:$1,500(1.02)20=$2,228.9210.The process of calculating the present value of a future cash flowA)is called discounting which is the same as compounding.B)is called discounting which is the opposite of compounding.C)uses the present value factor to perform the discou
12、nting.D)Both A and C.E)Both B and C.Answer:EDifficulty:MediumPage:7511.What is the present value of a payment of$21,000 three years from now if theannual interest rate is 4%?A)$17,951B)$18,480C)$18,658D)$18,669E)$19,218Answer:DDifficulty:MediumPage:70Rationale:PV=FV/(1+r)n=$21,000/(1+.04)3=$18,668.9
13、212.This afternoon,you deposited$1,000 into a retirement savings account.Theaccount will compound interest at 6 percent annually.You will not withdraw anyprincipal or interest until you retire in forty years.Which one of the followingstatements is correct?A.The interest you earn six years from now w
14、ill equal the interest you earn ten yearsfrom now.B.The interest amount you earn will double in value every year.C.The total amount of interest you will earn will equal$1,000 .06 40.D.The present value of this investment is equal to$1,000.E.The future value of this amount is equal to$1,000 (1+40).06
15、.Answer:D13.Luis is going to receive$20,000 six years from now.Soo Lee is going to receive$20,000 nine years from now.Which one of the following statements is correct if bothLuis and Soo Lee apply a 7 percent discount rate to these amounts?A.The present values of Luis and Soo Lees monies are equal.B
16、.In future dollars,Soo Lees money is worth more than Luis money.C.In todays dollars,Luis money is worth more than Soo Lees.D.Twenty years from now,the value of Luis money will be equal to the value of SooLees money.E.Soo Lees money is worth more than Luis money given the 7 percent discount rate.Answ
17、er:C14.You want to have$1 million in your savings account when you retire.You plan oninvesting a single lump sum today to fund this goal.You are planning on investing inan account which will pay 7.5 percent annual interest.Which of the following willreduce the amount that you must deposit today if y
18、ou are to have your desired$1million on the day you retire?I.Invest in a different account paying a higher rate of interest.II.Invest in a different account paying a lower rate of interest.III.Retire later.IV.Retire sooner.A.I onlyB.II onlyC.I and III onlyD.I and IV onlyE.II and III onlyAnswer:C15.T
19、his morning,TL Trucking invested$80,000 to help fund a company expansionproject planned for 4 years from now.How much additional money will the firm have4 years from now if it can earn 5 percent rather than 4 percent on its savings?A.$2,940.09B.$3,651.82C.$4,008.17D.$4,219.68E.$4,711.08Future value=
20、$80,000 (1+.05)4=$97,240.50Future value=$80,000 (1+.04)4=$93,588.68Difference=$97,240.50-$93,588.68=$3,651.8216.Theo needs$40,000 as a down payment for a house 6 years from now.He earns3.5 percent on his savings.Theo can either deposit one lump sum today for thispurpose or he can wait a year and dep
21、osit a lump sum.How much additional moneymust he deposit if he waits for one year rather than making the deposit today?A.$878.98B.$911.13C.$1,138.90D.$1,348.03E.$1,420.18Present value=$40,000 1/(1+.035)6=$32,540.03Present value=$26,000 1/(1+.035)5=$33,678.93Difference=$33,678.93-$32,540.03=$1,138.90
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 公司 金融 英文 试题
限制150内