財務管理專業(yè)英語復習題參考答案

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應收賬款周轉率Accountsreceivablesturnoverratio=SalesAccountsreceivable=4.37債務比率Debtratio=TotalliabilitiesTotalassets=50.3%資產收益率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財務管理是一個通過收購、融資和資產管理來完成一些企業(yè)總體目標的綜合決策過程。財務管理的其他名稱包括管理財務、公司理財和商業(yè)理財。財務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利來歪曲報告。Theinterestrateisinessenceaspecializedfmoftimevalueofmoneypertainsgenerallytotheuseofdebtinstruments.Interestratesarealsooftenus

14、edasrisklessbaseratestodrawcomparisontoalternativeriskierinvestments.Therearetwofmsofinterestrates:simplecompound.利率在本質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工具。利率也經常作為無風險或基準利率被用來與選擇性的高風險投資做比較。利率有兩種形式：單利計息和復利計息。Bookvalueistheaccou

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

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