2021 公司理财（英）(广东外语外贸大学) 最新满分章节测试答案

本答案对应课程为:点我自动跳转查看
本课程起止时间为:2021-03-01到2021-06-23
本篇答案更新状态:已完结

Chapter 1-4 Introduction Quiz 1

1、 问题:Which of the following would be considered a capital budgeting decision?
选项：
A:Planning to issue common stock rather than issuing preferred stock
B:Deciding to expand into a new line of products, at a cost of $5 million
C:Repurchasing shares of common stock
D:Issuing debt in the form of long-term bonds
答案: 【Deciding to expand into a new line of products, at a cost of $5 million】

2、 问题:An example of a firm’s financing decision would be: 
选项：
A:acquiring a competitive firm.
B:determining how much to pay for a specific asset.
C:issuing 10-year versus 20-year bonds.
D:deciding whether or not to increase the price of its products.
答案: 【issuing 10-year versus 20-year bonds.】

3、 问题:The term "capital structure" refers to: 
选项：
A:the manner in which a firm obtains its long-term sources of funding.
B:the length of time needed to repay debt.
C:whether the firm invests in capital budgeting projects.
D:which specific assets the firm should invest in.
答案: 【the manner in which a firm obtains its long-term sources of funding.】

4、 问题: One common reason for partnerships to convert to a corporate form of organization is that the partnership: 
选项：
A:faces rapidly growing financing requirements.
B:wishes to avoid double taxation of profits.
C:has issued all of its allotted shares.
D:agreement expires after ten 10 years.
答案: 【faces rapidly growing financing requirements.】

5、 问题: A board of directors is elected as a representative of the corporation’s:
选项：
A:top management.
B:stakeholders.
C:shareholders.
D:customers.
答案: 【shareholders.】

6、 问题:The primary goal of corporate management should be to: 
选项：
A:maximize the number of shareholders.
B:maximize the firm’s profits.
C:minimize the firm’s costs.
D:maximize the shareholders’ wealth.
答案: 【maximize the shareholders’ wealth.】

7、 问题:Ethical decision making in business:
选项：
A:reduces the firm’s profits.
B:requires adherence to implied rules as well as written rules.
C:is not in the best interests of shareholders.
D:is less important than good capital budgeting decisions.
答案: 【requires adherence to implied rules as well as written rules.】

8、 问题: A company can pay for its expansion in all the following ways except: 
选项：
A:by using the earnings generated from its sale of obsolete equipment.
B:by persuading the director’s mother to make a personal loan to the company.
C:by purchasing bonds in the secondary market.
D:by selling stock certificates for a new subsidiary.
答案: 【by purchasing bonds in the secondary market.】

9、 问题:Liquidity is important to a mutual fund because: 
选项：
A:a fund that is less liquid will attract more investors.
B:the fund’s shareholders may want to redeem their shares at any time.
C:the fund’s managers need liquidity to trade actively.
D:the fund needs to distribute payouts to its shareholders and managers periodically.
答案: 【the fund’s shareholders may want to redeem their shares at any time.】

10、 问题:A primary market would be utilized when: 
选项：
A:investors buy or sell existing securities.
B:shares of common stock are exchanged.
C:securities are initially issued.
D:a commission must be paid on the transaction.
答案: 【securities are initially issued.】

11、 问题:Short-term financing decisions commonly occur in the:
选项：
A: primary markets.
B:secondary markets.
C:capital markets.
D:money markets.
答案: 【money markets.】

12、 问题:The opportunity cost of capital: 
选项：
A:A. is the interest rate that the firm pays on a loan from a financial institution.
B:B. is the maximum acceptable rate of return on a project.
C:C. is the minimum acceptable rate of return on a project.
D:D. is always less than 10%.
答案: 【C. is the minimum acceptable rate of return on a project.】

13、 问题:A balance sheet portrays the value of a firm’s assets and liabilities: 
选项：
A:over an annual period.
B:over any stated period of time.
C:at any stated point in time.
D:only at the end of the calendar year.
答案: 【at any stated point in time.】

14、 问题:Which of the following assets is likely to be considered the most liquid? 
选项：
A:Marketable securities
B:Net fixed assets
C:Accounts payable
D:Inventories
答案: 【Marketable securities】

15、 问题:Retained earnings result from: 
选项：
A:the sale of additional shares of stock to investors.
B:income not paid to shareholders.
C:an excess of assets over liabilities.
D:market values that exceed book values.
答案: 【income not paid to shareholders.】

16、 问题:What happens to the market value of a firm’s equity as the book value of the firm’s equity increases? 
选项：
A:It increases by the same amount.
B:It decreases by the same amount.
C:It remains constant.
D:There is no set relationship to determine this outcome.
答案: 【There is no set relationship to determine this outcome.】

17、 问题:What is the book value per share for a firm with 2 million shares outstanding at a price of $50, a market-to-book ratio of .75, and a dividend payout ratio of 50%? 
选项：
A:$33.33
B:$37.50
C:$62.50
D:$66.67
答案: 【$66.67】

18、 问题:Average daily expenses are $50.8 million. Average accounts payable are $3,743.5 million. The average number of days that it takes the company to pay its bills (the average payment delay) is therefore: 
选项：
A:63.7 days.
B:73.7 days.
C:83.7 days.
D:93.7 days.
答案: 【73.7 days.】

19、 问题:Which of the following will allow your firm to achieve its targeted 16% ROA with an asset turnover of 2.5? 
选项：
A:A leverage ratio of .0667
B:A P/E ratio of 14
C:A profit margin of 15%
D:A profit margin of 6.4%
答案: 【A profit margin of 6.4%】

20、 问题:Net Corp. has an ROE of 30% and would like to see earnings grow at a 18% annual rate. What percentage of earnings can it afford to pay out as dividends? 
选项：
A:13.33%
B:25.00%
C:40.00%
D:75.00%
答案: 【40.00%】

Chapter 5The Time Value of Money Quiz 2

1、 问题:Present value is defined as
选项：
A:future cash flows discounted to the present by an appropriate discount rate.
B:inverse of future cash flows.
C:present cash flows compounded into the future.
D:future cash flows multiplied by the factor.
答案: 【future cash flows discounted to the present by an appropriate discount rate.】

2、 问题: If the annual interest rate is 12 percent, what is the two-year discount factor?
选项：
A: 0.7972
B:0.8929
C:1.2544
D:0.8065
答案: 【 0.7972】

3、 问题: The rate of return is also called the
选项：
A:discount rate only.
B:discount rate and hurdle rate only.