財(cái)務(wù)管理專業(yè)英語復(fù)習(xí)題參考答案

1、1D.wkingsheetD.equipmentdepreciationC.capitalbudgeting.A.timedepositsA.theinitialcostoftheprojectcanbereduced.C.notespayableB.sunkA.IIIIonlyC.salariespayableD.productproducingC.initialpublicoffering(IPO).A.totalA.futurev

2、alueD.(18%2)21B.$295000D.collectingaccountsreceivablefasterA.mD.commonstockA.grossprofitmarginA.liquidityratiosB.degreetowhichthepresentvaluereactstochangesinasinglevariable.B.thetransactioniscompletethegoodsservicesdeli

3、vered.A.ReturnonequityA.generaleconomicriskD.Itdoesnotincludedepreciation.C.Interest.B.$108B.$37.62B.CpateinvestmentdecisionshavenothingtodowithfinancialmarketsA.FinancialmanagementA.doubletaxationofdividendsD.compoundin

4、terestD.Themarketisovervaluingthestock.B.approximately10B.640000D.issuecommonstock.A.profitmarginTotalassetturnoverEquitymultiplierB.bondissuingC.capitalbudgetingB.marketabilityA.futurevalue流動(dòng)比率Currentratio=Currentassets

5、Currentliabilities=1.91速動(dòng)比率Quickratio=(CurrentassetsInventy)Currentliabilities=1.27應(yīng)收賬款周轉(zhuǎn)率Accountsreceivablesturnoverratio=SalesAccountsreceivable=4.37債務(wù)比率Debtratio=TotalliabilitiesTotalassets=50.3%資產(chǎn)收益率Returnonassets=in

6、comeTotalassets=3.45%Priceearningsratio=MarketpricepershareEarningspershare=45.83Currentratio=CurrentassetsCurrentliabilities=1.1Totaldebtratio=(Totalassets–Totalequity)Totalassets=0.58Totalassetturnover=SalesTotalassets

7、=0.27Profitmargin=incomeSales=0.22Equitymultiplier=TotalassetsTotalequity=2.375ROA=incomeTotalassets=0.061ROE=incomeTotalequity=0.1452)ROE=ProfitmarginEquitymultiplierTotalassetsturnover=14.56%Financialmanagementisaninte

8、grateddecisionmakingprocessconcernedwithacquiringfinancingmanagingassetstoaccomplishsomeoverallgoalwithinabusinessentity.Othernamesffinancialmanagementincludemanagerialfinancecpatefinancebusinessfinance.Makingfinancialde

9、cisionsisanintegralpartofallfmssizesofbusinessganizationsfromsmallprivatelyheldfirmstolargepubliclytradedcpations財(cái)務(wù)管理是一個(gè)通過收購、融資和資產(chǎn)管理來完成一些企業(yè)總體目標(biāo)的綜合決策過程。財(cái)務(wù)管理的其他名稱包括管理財(cái)務(wù)、公司理財(cái)和商業(yè)理財(cái)。財(cái)務(wù)決策對(duì)于小型私人公司和大型上市公司來說，都是企業(yè)組織形式和規(guī)模的重要組成部分。Ac

10、pationisalegalentityseparatefromitsowners.Thismeansthatthecpationcanownassetsenterintocontractssuebesued.Beingaseparatelegalentityalsoimpliesthatcpateincomeistaxablethusgivingrisetodoubletaxationi.e.cpatetaxonprofitsplus

11、personaltaxonaftercpatetaxprofitsdistributedtoshareholders(theexceptionbeingafullimputationsystem).3profitopptunitiesofafirm.HighgrowthfirmswithstrongfutureprofitopptunitieswillcommhigherPEratiobutithasseveralpotentialsh

12、tcomings.FexampleafirmcanhavenegativeearningswhichproducesameaninglessPEratio.Inadditionmanagementcandisttreptedearningsbecauseofthediscretionallowedbyaccountingpractices.市盈率反映普通股股東愿意為每一美元凈利潤(rùn)支付的價(jià)格，為預(yù)測(cè)一個(gè)企業(yè)的成長(zhǎng)和獲利機(jī)會(huì)提供了重要的信息

13、。未來具有較強(qiáng)獲利機(jī)會(huì)的高增長(zhǎng)公司希望較高的市盈率，但是它有幾個(gè)潛在的缺點(diǎn)。例如，一個(gè)企業(yè)的收入是負(fù)的，那么市盈率就毫無意義。另外，管理者可以通過會(huì)計(jì)慣例允許的酌情處理權(quán)利來歪曲報(bào)告。Theinterestrateisinessenceaspecializedfmoftimevalueofmoneypertainsgenerallytotheuseofdebtinstruments.Interestratesarealsooftenus

14、edasrisklessbaseratestodrawcomparisontoalternativeriskierinvestments.Therearetwofmsofinterestrates:simplecompound.利率在本質(zhì)上是表達(dá)貨幣時(shí)間價(jià)值的一種專業(yè)形式，通常從屬于所使用的債務(wù)工具。利率也經(jīng)常作為無風(fēng)險(xiǎn)或基準(zhǔn)利率被用來與選擇性的高風(fēng)險(xiǎn)投資做比較。利率有兩種形式：?jiǎn)卫?jì)息和復(fù)利計(jì)息。Bookvalueistheaccou

15、ntingvalueofafirmanasset.Bookvalueisahisticalvalueratherthanacurrentvalue.Firmsusuallyreptbookvalueonapersharebasis.Bookvaluepersharemaybearlittlerelationshiptoliquidationvaluepersharemarketvaluepershare.賬面價(jià)值是一個(gè)公司或一個(gè)資產(chǎn)的會(huì)

16、計(jì)價(jià)值。帳面價(jià)值是一個(gè)歷史的價(jià)值而不是目前的價(jià)值。公司賬面價(jià)值通常報(bào)告按每股分配。每股賬面價(jià)值和每股清算價(jià)值或每股市場(chǎng)價(jià)值沒什么關(guān)系。Couponistheinterestonabondthattheissuerpromisestopaytheholderuntilmaturity.Couponpaymentistheperiodicinterestpaymentwhichisequaltothecouponinterestrateas

17、apercentratemultipliedbythematurityparvalueofthebond.Thecouponinterestratealsocalledthenominalyieldfacevalueisthecontractualrateofinterestbasedonabond’sparvalue.息票率是指在到期日之前債券發(fā)行者承諾支付給持有者的利率。息票支付是指周期性的利息支付，它等于息票率乘以債券的到期日價(jià)值

18、或者面值。息票率，也被稱為名義支付率，是指基于債券的面值確定的合同利率。Breakevenanalysisisafirmofsensitivityanalysis.Sensitivityanalysisgenerallyinvolvesfindinganswersto“whatif”questionsas:whatwillbethepresentvalueoftheprojectifsalesare10percentlessthanex

19、pectedInbreakevenanalysisthequestionisturnedaroundinwhichthemanagersask:howpocansalebecomebefetheprojectlosesmoneyThebreakevenpointisthesalesvolumeatwhichthepresentvaluesoftheproject’sashinflowsoutflowsareequalsothatitsp