14级财务管理专业英语习题.docx

14级财务管理专业英语习题.docx

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14级财务管理专业英语习题

《14级专业英语》复习资料

考试题型：

一、短语中英互译（20x1=20分）

二、从下列选项中选出最佳答案（20x1=20分）

三、计算题（25分）

四、段落中英互译（35分）

同学们:

考试的时候请带上没有存储功能的计算器，试卷上只要是涉及到计算的题里面的数字可能与复习资料上的数字不完全一样，但是计算方法是相似的，所以大家要掌握计算方法，考试的时候要自己计算。

预祝同学们取得好成绩。

PartIterminologytranslation（1*20points）

Directions:

interpretthefollowingterminologyinEnglishorChinese.（范围课后核心词汇）e.g.：

1.financialmanagement---译成汉语2.普通股----译成英语

PartIIChoicequestions（1*20points）（Pleasewriteyouranswerinthefollowingtable）

1.Financialstatementdoesnotinclude（）

A.balancesheetB.incomestatement

C.cashflowstatementD.workingsheet

2.Anincreaseinwhichoneofthefollowingwillincreasetheoperatingcashflow?

A.employeesalariesB.officerent

C.buildingmaintenanceD.equipmentdepreciation

3.Theprocessofplanningandmanagingafirm’slong-terminvestmentsiscalled:

A.workingcapitalmanagement.B.financialdepreciation.

C.capitalbudgeting.D.capitalstructure.

4.Cashequivalentsinclude（）

A.timedepositsB.inventories

C.accountsreceivableD.prepaidexpenses

5.Theinternalrateofreturnforaprojectwillincreaseif:

A.theinitialcostoftheprojectcanbereduced.B.thetotalamountofthecashinflowsisreduced.

C.therequiredrateofreturnisreduced.D.thesalvagevalueoftheprojectisomittedfromtheanalysis.

6.Whichofthefollowingbelongstocurrentliabilities?

（）

A.mortgagespayableB.prepaidexpenses

C.notespayableD.bondspayable

7.Youspent$500lastweekfixingthetransmissioninyourcar.Now,thebrakesareactingupandyouaretryingtodecidewhethertofixthemortradethecarinforanewermodel.Inanalyzingthebrakesituation,the$500youspentfixingthetransmissionisa（n）___cost.

A.opportunityB.sunk

C.incrementalD.fixed

8.Whichofthefollowingstatementsarecorrectconcerningdiversifiablerisks?

I.Diversifiableriskscanbeessentiallyeliminatedbyinvestinginseveralsecurities.

II.Themarketrewardsinvestorsfordiversifiableriskbypayingariskpremium.

III.Diversifiablerisksaregenerallyassociatedwithanindividualfirmorindustry.

IV.Betameasuresdiversifiablerisk.

A.IandIIIonlyB.IIandIVonly

C.IandIVonlyD.IIandIIIonly

9.Whichofthefollowingisaliabilityaccount?

（）

A.prepaidinsuranceB.additionalpaid-incapital

C.salariespayableD.accumulateddepreciation

10.Accountantsemployedbylargecorporationsmayworkintheareasofthefollowingexcept（）

A.productcostingandpricingB.budgeting

C.internalauditingD.productproducing

11.Acorporation’sfirstsaleofequitymadeavailabletothepubliciscalleda（n）:

（）

A.sharerepurchaseprogram.B.privateplacement.

C.initialpublicoffering（IPO）.D.seasonedequityoffering（SEO）.

12.Standarddeviationmeasures____risk.

A.totalB.nondiversifiableC.unsystematicD.systematic

13.（）isthevalueatsomefuturetimeofapresentamountofmoney,oraseriesofpayments,evaluatedatagiveninterestrate.

A.futurevalueB.presentvalueC.intrinsicvalueD.marketvalue

14.EllesmereCorporationissues1million$1parvaluebonds.Thestatedinterestrateis8%peryearandtheinterestispaidtwiceayear.Whatistherealinterestrateofthebond?

（）

A.6%B.4%C.10%D.（1+8%/2）2-1

15.Yourfirmpurchasedawarehousefor$335,000sixyearsago.Fouryearsago,repairsweremadetothebuildingwhichcost$60,000.Theannualtaxesonthepropertyare$20,000.Thewarehousehasacurrentbookvalueof$268,000andamarketvalueof$295,000.Thewarehouseistotallypaidforandsolelyownedbyyourfirm.Ifthecompanydecidestoassignthiswarehousetoanewproject,whatvalue,ifany,shouldbeincludedintheinitialcashflowoftheprojectforthisbuilding?

（）

A.$268,000B.$295,000C.$395,000D.$515,000

16.Whichoneofthefollowingwilldecreasetheoperatingcycle?

A.payingaccountspayablefaster

B.discontinuingthediscountgivenforearlypaymentofanaccountsreceivable

C.decreasingtheinventoryturnoverrate

D.collectingaccountsreceivablefaster

17.AssumethatdividendsofacommonstockwillbemaintainedatDforever,andtherequiredreturnofthestockholderisr,theparvalueofthestockism,thevalueofthestockis（）

A.mB.m+DC.m+D/rD.D/r

18.Whichofthefollowingitemshasthemostrisk?

（）

A.treasurybillB.corporatebondC.preferredstockD.commonstock

19.（）equalsthegrossprofitdividedbynetsalesofafirm.

A.grossprofitmarginB.netprofitmarginC.returnoninvestmentD.returnonequity

20.（）istheratiosthatmeasureafirm’sabilitytomeetshort-termobligations

A.liquidityratiosB.leverageratiosC.coverageratiosD.activityratios

21.Sensitivityanalysishelpsyoudeterminethe:

A.rangeofpossibleoutcomesgivenpossiblerangesforeveryvariable.

B.degreetowhichthenetpresentvaluereactstochangesinasinglevariable.

C.netpresentvaluegiventhebestandtheworstpossiblesituations.

D.degreetowhichaprojectisreliantuponthefixedcosts.

22.AccordingGAAPrevenueisrecognizedasincomewhen:

（）

A.acontractissignedtoperformaserviceordeliveragood.

B.thetransactioniscompleteandthegoodsorservicesdelivered.

C.paymentisreceived.

D.incometaxesarepaid.

E.alloftheabove.

23.（）istheresultofNetProfitMargin×totalassetturnover×（totalassets/shareholders’equity）

A.ReturnonequityB.returnoninvestmentC.currentratioD.quickratio

24.Governmenttaxlawadjustmentis（）toafirm.

A.generaleconomicriskB.inflationanddeflationriskC.firm-specificrisk

25.Whichofthefollowingstatementsconcerningtheincomestatementisnottrue?

A.Itmeasuresperformanceoveraspecificperiodoftime.

B.Itdeterminesafter-taxincomeofthefirm.

C.Itincludesdeferredtaxes.

D.Itdoesnotincludedepreciation.

E.ittreatsinterestasanexpense.

26.Whichofthefollowingisnotanoncashdeduction?

A.Depreciation.B.Deferredtaxes.C.Interest.D.TwooftheaboveE.Alloftheabove.

27.SashaCorphadanROAof10%.Sasha’sprofitmarginwas6%onsalesof$180.Whataretotalassets?

（）

A.$300B.$108C.$48.D$162.

28.Calculatenetincomebasedonthefollowinginformation（）

Sales=$200.00

Costofgoodssold=$100.00

Depreciation=$18.00

Interestpaid=$25.00

Taxrate=34%

A.$16.50B.$37.62C.$34.60D.$4.60

29.Whichofthefollowingisnottrue?

（）

A.Financialmarketscanbeusedtoadjustconsumptionpatternsovertime.

B.Corporateinvestmentdecisionshavenothingtodowithfinancialmarkets,

C.Financialmarketsdealwithcashflowsovertime.

D.Investmentdecisionsrelyontheeconomicprinciplesoffinancialmarkets.

E.Noneoftheabove.

30.（）isconcernedwiththeacquisition,financing,andmanagementofassetswithsomeoverallgoalinmind.

A.FinancialmanagementB.ProfitmaximizationC.AgencytheoryD.Socialresponsibility

31.Amajordisadvantageofthecorporateformoforganizationisthe（）.

A.doubletaxationofdividendsB.inabilityofthefirmtoraiselargesumsofadditionalcapital

C.limitedliabilityofshareholdersD.limitedlifeofthecorporateform.

32.Interestpaid（earned）onboththeoriginalprincipalborrowed（lent）andpreviousinterestearnedisoftenreferredtoas（）.

A.presentvalueB.simpleinterestC.futurevalueD.compoundinterest

33.Iftheintrinsicvalueofashareofcommonstockislessthanitsmarketvalue,whichofthefollowingisthemostreasonableconclusion?

（）

A.Thestockhasalowlevelofrisk.B.Thestockoffersahighdividendpayoutratio.

C.Themarketisundervaluingthestock.D.Themarketisovervaluingthestock.

34.A250facevalueshareofpreferredstock,paysa20annualdividendandinvestorsrequirea7%returnonthisinvestment.Ifthesecurityiscurrentlysellingfor276,whatisthedifference（overvaluation）betweenitsintrinsicandmarketvalue（roundedtothenearestwholedollar）?

A.approximately26B.approximately10C.approximately6D.approximately1

35.FeltonFarmSupplies,Inc.,hasan8percentreturnontotalassetsof480,000andanetprofitmarginof6percent.Whatareitssales?

（）

A.3,750,000B.640,000C.480,000D.1,500,000

36.Acompanycanimprove（lower）itsdebt-to-totalassetratiobydoingwhichofthefollowing?

A.Borrowmore.B.Shiftshort-termtolong-termdebt.

C.Shiftlong-termtoshort-termdebt.D.issuecommonstock.

37.TheDuPontApproachbreaksdowntheearningpoweronshareholders'bookvalue（ROE）asfollows:

ROE=（）.

A.Netprofitmargin×Totalassetturnover×Equitymultiplier

B.Totalassetturnover×Grossprofitmargin×Debtratio

C.Totalassetturnover×Netprofitmargin

D.Totalassetturnover×Grossprofitmargin×Equitymultiplier

38.Whichofthefollowingitemsconcernsfinancingdecision?

（）

A.salesforecastingB.bondissuingC.receivablescollectionD.investmentprojectselection

39.Whichofthefollowingitemsisthefunctionofatreasurer?

（）

A.costaccountingB.internalcontrolC.capitalbudgetingD.generalledger

40.Forfinancialinstruments,（）isjudgedinrelationtotheabilitytosellasignificantvolumeofsecuritiesinashortperiodoftimewithoutsignificantpriceconcession.

A.maturityB.marketabilityC.defaultD.inflation

41.（）isthevalueatsomefuturetimeofapresentamountofmoney,oraseriesofpayments,evaluatedatagiveninterestrate.

A.futurevalueB.presentvalueC.intrinsicvalueD.marketvalue

PartIII:

CalculationQuestions（2*10points）（注意：

要写出计算公式和计算过程，否则不得分；需要用文字描述的问题回答内容要详细，语句正确、完整。

）