財務(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流動比率Currentratio=Currentassets

5、Currentliabilities=1.91速動比率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財務(wù)管理是一個通過收購、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。財務(wù)管理的其他名稱包括管理財務(wù)、公司理財和商業(yè)理財。財務(wù)決策對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支付的價格，為預(yù)測一個企業(yè)的成長和獲利機會提供了重要的信息

13、。未來具有較強獲利機會的高增長公司希望較高的市盈率，但是它有幾個潛在的缺點。例如，一個企業(yè)的收入是負的，那么市盈率就毫無意義。另外，管理者可以通過會計慣例允許的酌情處理權(quán)利來歪曲報告。Theinterestrateisinessenceaspecializedfmoftimevalueofmoneypertainsgenerallytotheuseofdebtinstruments.Interestratesarealsooftenus

14、edasrisklessbaseratestodrawcomparisontoalternativeriskierinvestments.Therearetwofmsofinterestrates:simplecompound.利率在本質(zhì)上是表達貨幣時間價值的一種專業(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)險或基準(zhǔn)利率被用來與選擇性的高風(fēng)險投資做比較。利率有兩種形式：單利計息和復(fù)利計息。Bookvalueistheaccou

15、ntingvalueofafirmanasset.Bookvalueisahisticalvalueratherthanacurrentvalue.Firmsusuallyreptbookvalueonapersharebasis.Bookvaluepersharemaybearlittlerelationshiptoliquidationvaluepersharemarketvaluepershare.賬面價值是一個公司或一個資產(chǎn)的會

16、計價值。帳面價值是一個歷史的價值而不是目前的價值。公司賬面價值通常報告按每股分配。每股賬面價值和每股清算價值或每股市場價值沒什么關(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