公司金融英文试题

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1、MultipleChoice(3points×20=60points):1.Whichofthefollowingisnotconsideredoneofthebasicquestionsofcorporatefinance?A)Whatlong-livedassetsshouldthefirminvest?B)Howmuchinventoryshouldthefirmhold?C)Howcanthefirmraisecashforrequiredcapitalexpenditures?D)Howshouldthe

2、short-termoperatingcashflowsbemanaged?E)Alloftheabove.Answer:BDifficulty:MediumPage:42.GenerallyacceptedaccountingprinciplesmayrecognizeandrecordasaleA)beforeacustomerpaysassumingtheywillpaysoon.B)onlyafterthecompanyreceivespaymentinfull.C)whenthecompanyreceiv

3、esatleast50%ofthetotalrevenuefromthecustomer.D)Alloftheabove.E)Noneoftheabove.Answer:ADifficulty:MediumPage:73.Workingcapitalmanagementincludesdecisionsconcerningwhichofthefollowing?I.accountspayableII.accountsreceivableIII.long-termdebtIV.inventoryA.IandIIonl

4、yB.IandIIIonlyC.IIandIVonlyD.I,II,andIVonlyE.I,III,andIVonlyAnswer:D4.Fixedassetscanbeeithertangibleorintangible.IntangibleassetsA)areproperty,plantandequipment.B)canbeconvertedtocashinthenormalcourseofbusiness.C)maybeveryvaluable,althoughtheyhavenophysicalpre

5、sence,suchastrademarksorpatents.D)arehighlyliquid.E)Noneoftheabove.Answer:CDifficulty:MediumPage:225.In2004,TimeNowCorporationhadfixedassetsof$1,345,currentassetsof$260,currentliabilitiesof$180andshareholders'equityof$775.WhatwasthenetworkingcapitalforTimeNowi

6、n2004?A)$80B)$180C)$260D)$390E)Noneoftheabove.Answer:ADifficulty:MediumPage:26Rationale:$260-$180=$806.Whatistheeffectonnetworkingcapitalifthecorporationdecidestoincreaseitsinvestmentininventoryandpayforitwithcash?A)Increaseinnetworkingcapital.B)Decreaseinnetw

7、orkingcapital.C)Dependsontheamountoftheinvestment.D)Nochangeinnetworkingcapital.E)Noneoftheabove.Answer:DDifficulty:MediumPage:26-277.Ifyouhaveachoicetoearnsimpleintereston$10,000forthreeyearsat8%orannuallycompoundinterestat7.5%forthreeyearswhichonewillpaymore

8、andbyhowmuch?A)Simpleinterestby$50.00B)Compoundinterestby$22.97C)Compoundinterestby$150.75D)Compoundinterestby$150.00E)Noneoftheabove.Answer:BDifficulty:MediumPage:64Rationale:Simp