財務管理習題答案立信

1、Wewillcontinuetoimprovethecompanysinternalcontrolsystemsteadyimprovementinabilitytomanagecontroloptimizebusinessprocessestoensuresmoothprocessesresponsibilitiesinplacetofurtherstrengtheninternalcontrolsplayacontrolpostin

2、dependentoversightroleofevaluationcomplyingwiththirdpartyresponsibilitytoactivelymakeuseofinternalaudittoolsdetectpotentialmanagementstreamlinestardizerelatedtransactionsstrengtheningoperationsinaccdancewithlaw.Deepening

3、theinfmationmanagementtoensurefullcommunication“zeroresistance“.ToconstantlyperfectERPBFSPIMISSCMinfmationsystembasedconstructionfullintegrationinfmationsystemachievedinfmationresourcessharedtoexpPtalsystemapplicationofb

4、readthdepthplayinfmationsystemonenterpriseofAssistantroletoperfectdailyrunmaintenanceoperationofrecdspromoteproblemreasonsanalysissystemhovertostrengtheningBFSERPSCMtechnologyapplicationoftrainingimproveemployeesapplicat

5、ioninfmationsystemofcapacitylevel.Humanisticcaretoensure“zero.“TostrengtheningHumanitiescarecontinuestofostercompanywindcleargasareheartShunofcultureatmospherestrengtheninglovehelpedtrappedcaredifficultemployeescarriedou

6、tstyleactivitiesrichemployeeslifestrengtheninghealthlabourprotectionganizationcareerhealthmedicalcontrolcareeragainstcontinuestoimplementationpsychologicalwarningpreventionsystemtrainingemployeeshealthofacterstableofmood

7、enterprisingofattitudecreatedfriendlyfraternityofHumanitiesenvironment.Tostrengthenriskmanagementensurethatthebusinessof“zerorisk“.Tostrengthenedbusinessplansmanagementwillbusinessbusinessplanscovertoalllevelensurethebus

8、inesscancontrolincontroltocloseconcernfinancialcoalelectriclinkageenergysavingschedulingnationalpolicytrendsstrengtheningtrackactiveshouldtoimplementationStateownedassetsmethodfurtherspecificationbusinessfinancialmanagem

9、enttoperfectrisktubecontrolsystemachievedriskrecognitionmeasureassessmentreptcontrolfeedbackofclosedringmanagementimproveriskpreventioncapacity.Tofurtherstardizetradingstrivetoachieve“accdingtolawstardizefair.“Innovation

10、ofperfmancemanagementtoensurethatpotentialemployees“zerofly“.Tostrengthenperfmancemanagementprocesscontrolenhanceemployeeevaluationlevelsofeffectivecommunicationtoimproveperfmancemanagement.Tofurtherquantifyrefineemploye

11、estards...Wkfullplaypartybranchmembersin“fivetypeEnterprise“constructionintheofcerolefightingftressrolepioneermodelroletocontinuestostrengthening“fourgood“l(fā)eadershipconstructionfullplaylevelscadresinenterprisedevelopment

12、intheofbackbonebackboneroletofullstrengtheningmembersyouthwkfullplayyouthemployeesincompanydevelopmentintheoffceroletoimproveindependentCommissionagainstcruptionwklevelstrengtheningonenterprisebusinesskeylinkofeffectiven

13、essmonited.maintainstability.Tofurtherstrengthenpublicityeducationimprovetheoveralllegalsystem.Wemuststrengthensafetymanagementestablishimprovetheeducationsupervisionevaluationasoneofthetrafficsafetymanagementmechanism.T

14、oconscientiouslysumuptheOlympicsecuritycontrolspromotingintegratedmanagementtoahigherlevelhigherstardsahigherlevelofdevelopment.EmployeestodayislunarcalendaronDecember24theoxBellisabouttoringatthistimeofyearweclearlyfeel

15、thepulseoftheXXpowergenerationcompanytoflourishtomeclearlyhearXXpowergenerationcompaniesmaturesymmetrybreathing.Recallingpastoneanotheracrossarailingweareenthusiasticfullofconfidence.Futuredevelopmentopptunitieswemeexcit

16、ingfightmespirited.Employeesletustogetheracross2013fullofchallengesopptunitiestocreateagreenlowcostoperationfullofhumanecareofawldclasspowergenerationcompanywkhard!TheoccasionoftheSpringFestivalmysincerewishthatyouthefam

17、iliesofthestaffinthenewyeargoodhealthhappyhappy第一章總論一、簡答題（略）二、單項選擇題1.D2.C3.C4.D5.A6.B7.C三、多項選擇題1.ABCD2.ABCD3.ABCD4.ABD5.ACD6.ABC四、判斷題1.√2.3.4.5.6.7.第二章時間價值和風險價值一、簡答題（略）二、單項選擇題1.B2.C3.C4.D5.C6.C7.A8.B9.D10.A11.D12.C三、多項選擇

18、題1.AC2.ACD3.BCD4.AD5.ABD6.ABD四、判斷題1.2.√3.√4.√5.五、計算題1（1）2005年初甲固定資產投資額的終值為：100000（FP，10%，2）=121000（元）（2）2005年初各年預期收益的現值之和為：40000（PF，10%，1）50000（PF，10%，2）70000（PF，10%，3）=400000.9091500000.8264700000.7513=130275（元）2（1）P＝20

19、[（PA，10%，9）1]＝20(5.7590＋1）＝135.18（萬元）（2）P＝25（PA，10%，10）（PF，10%，3）＝256.14460.7513＝115.41（萬元）該公司選擇第二方案。3根據題意，已知P=42000，A=6000，n=10，則：PA=420006000=7=α即：α=7=(PA，i，10)查n=10的1元年金現值系數表。在n=10一行上找不到恰好為α的系數值，于是找Wewillcontinuetoimp

20、rovethecompanysinternalcontrolsystemsteadyimprovementinabilitytomanagecontroloptimizebusinessprocessestoensuresmoothprocessesresponsibilitiesinplacetofurtherstrengtheninternalcontrolsplayacontrolpostindependentoversightr

21、oleofevaluationcomplyingwiththirdpartyresponsibilitytoactivelymakeuseofinternalaudittoolsdetectpotentialmanagementstreamlinestardizerelatedtransactionsstrengtheningoperationsinaccdancewithlaw.Deepeningtheinfmationmanagem

22、enttoensurefullcommunication“zeroresistance“.ToconstantlyperfectERPBFSPIMISSCMinfmationsystembasedconstructionfullintegrationinfmationsystemachievedinfmationresourcessharedtoexpPtalsystemapplicationofbreadthdepthplayinfm

23、ationsystemonenterpriseofAssistantroletoperfectdailyrunmaintenanceoperationofrecdspromoteproblemreasonsanalysissystemhovertostrengtheningBFSERPSCMtechnologyapplicationoftrainingimproveemployeesapplicationinfmationsystemo

24、fcapacitylevel.Humanisticcaretoensure“zero.“TostrengtheningHumanitiescarecontinuestofostercompanywindcleargasareheartShunofcultureatmospherestrengtheninglovehelpedtrappedcaredifficultemployeescarriedoutstyleactivitiesric

25、hemployeeslifestrengtheninghealthlabourprotectionganizationcareerhealthmedicalcontrolcareeragainstcontinuestoimplementationpsychologicalwarningpreventionsystemtrainingemployeeshealthofacterstableofmoodenterprisingofattit

26、udecreatedfriendlyfraternityofHumanitiesenvironment.Tostrengthenriskmanagementensurethatthebusinessof“zerorisk“.Tostrengthenedbusinessplansmanagementwillbusinessbusinessplanscovertoalllevelensurethebusinesscancontrolinco

27、ntroltocloseconcernfinancialcoalelectriclinkageenergysavingschedulingnationalpolicytrendsstrengtheningtrackactiveshouldtoimplementationStateownedassetsmethodfurtherspecificationbusinessfinancialmanagementtoperfectrisktub

28、econtrolsystemachievedriskrecognitionmeasureassessmentreptcontrolfeedbackofclosedringmanagementimproveriskpreventioncapacity.Tofurtherstardizetradingstrivetoachieve“accdingtolawstardizefair.“Innovationofperfmancemanageme

29、nttoensurethatpotentialemployees“zerofly“.Tostrengthenperfmancemanagementprocesscontrolenhanceemployeeevaluationlevelsofeffectivecommunicationtoimproveperfmancemanagement.Tofurtherquantifyrefineemployeestards...Wkfullpla

30、ypartybranchmembersin“fivetypeEnterprise“constructionintheofcerolefightingftressrolepioneermodelroletocontinuestostrengthening“fourgood“l(fā)eadershipconstructionfullplaylevelscadresinenterprisedevelopmentintheofbackboneback

31、boneroletofullstrengtheningmembersyouthwkfullplayyouthemployeesincompanydevelopmentintheoffceroletoimproveindependentCommissionagainstcruptionwklevelstrengtheningonenterprisebusinesskeylinkofeffectivenessmonited.maintain

32、stability.Tofurtherstrengthenpublicityeducationimprovetheoveralllegalsystem.Wemuststrengthensafetymanagementestablishimprovetheeducationsupervisionevaluationasoneofthetrafficsafetymanagementmechanism.Toconscientiouslysum

33、uptheOlympicsecuritycontrolspromotingintegratedmanagementtoahigherlevelhigherstardsahigherlevelofdevelopment.EmployeestodayislunarcalendaronDecember24theoxBellisabouttoringatthistimeofyearweclearlyfeelthepulseoftheXXpowe

34、rgenerationcompanytoflourishtomeclearlyhearXXpowergenerationcompaniesmaturesymmetrybreathing.Recallingpastoneanotheracrossarailingweareenthusiasticfullofconfidence.Futuredevelopmentopptunitieswemeexcitingfightmespirited.

35、Employeesletustogetheracross2013fullofchallengesopptunitiestocreateagreenlowcostoperationfullofhumanecareofawldclasspowergenerationcompanywkhard!TheoccasionoftheSpringFestivalmysincerewishthatyouthefamiliesofthestaffinth

36、enewyeargoodhealthhappyhappy第20天付款：折扣率=（5400052920）54000=2%第40天付款：折扣率=（5400053460）54000=1%付款條件可以寫為“30，220，140，n60”。放棄（立即付款）折扣的資金成本=[3%（13%）][360（600）]=18.56%放棄（第20天）折扣的資金成本=[2%（12%）][360（6020）]=18.37%放棄（第40天）折扣的資金成本=[1%（

37、11%）][360（6040）]=18.18%應選擇立即付款。因為放棄折扣的資金成本均大于銀行短期貸款利率15%，所以應選擇享受折扣，但這是一個多重折扣的問題，所以應選擇享受折扣收益最大的方案，放棄折扣會有機會成本，相對應享受折扣為收益。（2）因為短期投資收益率40%比放棄折扣的代價均高，所以應放棄折扣去追求更高的收益，即應選擇第60天付款。2（1）到期一次還本付息方式下的發(fā)行價格=500（110%5）（PF，8%，5）=510.45（

38、元）（2）本金到期一次償還，利息每年年末支付一次方式下的發(fā)行價格=500（PF，8%，5）50010%（PA，8%，5）=539.94（元）（3）本金到期一次償還，利息每半年支付一次方式下的發(fā)行價格=500（PF，8%，5）500（PA，4%，10）=543.07（元）2%103采用收款法實際利率=名義利率=14%采用貼現法時實際利率為：（10000012%）[100000（112%）]=13.6%采用補償性余額實際利率為：（10000

39、010%）[100000（120%）]=12.5%三者比較，采用補償性余額實際利率最低，因此應選擇第三個方案。4每次應付租金（單利）=5004=125（萬元）每次應付租金（復利）=500（PA，16%，4）=178.70（萬元）5建立聯立方程：???????baba88000600173200006005125000解方程得：a=7600，b=145則有：Y=7600145X預測2006年的資金需要量=7600145300=51100（