财务管理英文笔试题

1、精品笔试题考试题型：一、从下列选项中选出最佳答案(40x1.5=60分)二、计算题（ 10x2=20分）三、段落中英互译（ 5x4=20分）Part I Choice questions40x1.5=60points) (Please write your answerin the following table)1.Financial statement does not include ()A. balance sheetB. income statementC. cash flow statementD. working sheet2.Anincreaseinwhichoneofthe

2、followingwillincrease theoperating cash flow?A.employee salariesB. office rentC. building maintenanceD. equipment depreciation3.Theprocessofplanningandmanagingafirms long-terminvestments is called:A. working capital management.B. financial depreciation.C. capital budgeting.D. capital structure.4.Cas

3、h equivalents include ()A. time depositsB. inventoriesC. accounts receivableD. prepaid expenses5.The internal rate of return for a project will increase if:感谢下载载精品A. the initial cost of the project can be reduced.B. the total amount ofthe cash inflows is reduced.C. therequiredrate of returnis reduce

4、d.D. thesalvagevalueof theproject is omitted from the analysis.6. Which of the following belongs to current liabilities?()A. mortgages payableB. prepaid expensesC. notes payableD. bonds payable7. You spent $500 last week fixing the transmission in your car. Now, the brakes are acting up and you are

5、trying to decide whether to fix them or trade the car in for a newer model. In analyzing the brake situation, the $500 you spent fixing the transmission is a(n) _ cost.A. opportunityB. sunkC. incrementalD. fixed8.Whichofthefollowingstatementsarecorrectconcerningdiversifiable risks?I. Diversifiable r

6、isks can be essentially eliminated by investing in severalsecurities.II. The marketrewardsinvestorsfordiversifiablerisk by payinga riskpremium.III. Diversifiable risks are generally associated with an individual firm or industry.IV. Beta measures diversifiable risk.感谢下载载精品A. I and III onlyC. I and I

7、V onlyB. II and IV onlyD. II and III only9. Which of the following is a liability account?（）A. prepaid insuranceB. additional paid-in capitalC. salaries payableD. accumulated depreciation10.Accountantsemployedbylargecorporationsmayworkin theareas of the following except()A. product costing and prici

8、ngB. budgetingC. internal auditingD. product producing11. A corporation s first sale of equity made available to the public is called a(n): （ ）A. share repurchase program.B. private placement.C. initial public offering (IPO).D.seasoned equity offering (SEO).12. Standard deviation measures _ risk.A.t

9、otalB. nondiversifiableC. unsystematicD. systematic13.() is thevalueat somefuturetimeof a presentamountofmoney, or a series of payments, evaluated at a given interest rate.A. futurevalueB. presentvalueC. intrinsicvalueD.market value感谢下载载精品14. EllesmereCorporationissues1 million$1 parvaluebonds.Thest

10、ated interest rate is 8% per year and the interest is paid twice a year.What is the real interest rate of the bond? ()A. 6%B.4%C. 10%D. (1+8%/2) 2 -115. Your firm purchased a warehouse for $335,000 six years ago. Four years ago, repairs were made to the building which cost $60,000. The annual taxes

11、on the property are $20,000. The warehouse has a currentbook value of $268,000 and a market value of $295,000. The warehouse is totally paid for and solely owned by your firm. If the company decides to assign this warehouse to a new project, what value, if any, should beincluded in the initial cash

12、flow of the project for this building?（）A. $268,000B. $295,000C. $395,000D.$515,00016.Which one of the following will decrease the operating cycle?A. paying accounts payable fasterB. discontinuingthediscountgivenfor earlypaymentof an accountsreceivableC. decreasing the inventory turnover rateD. coll

13、ecting accounts receivable faster17. Assume that dividends of a common stock will be maintained at D forever, and the required return of the stockholder is r, the par valueof the stock is m, the value of the stock is ()感谢下载载精品A. mB. m+DC. m+D/rD. D/r18.Which of the following items has the most risk?

14、 ()A. treasury billB. corporate bondC. preferred stockD.common stock19.() equals the gross profit divided by net sales of a firm.A. gross profit marginB. net profit marginC. return on investmentD. return on equity20.() is theratiosthat measurea firm s abilityto meetshort-term obligationsA. liquidity

15、 ratiosB. leverage ratiosC. coverage ratiosD. activityratios21.Sensitivity analysis helps you determine the:A. range of possible outcomes given possible ranges for every variable.B. degreeto whichthe netpresentvaluereacts to changesin a singlevariable.C. net present value given the best and the wors

16、t possible situations.D. degree to which a project is reliant upon the fixed costs.22. According GAAP revenue is recognized as income when:（）A. a contract is signed to perform a service or deliver a good.B. the transaction is complete and the goods or services delivered.C. payment is received.D. inc

17、ome taxes are paid.感谢下载载精品E. all of the above.23. ( ) is the result of Net Profit Margintotal asset turnover(totalassets/shareholdersequity)A. ReturnonequityB. return oninvestmentC. current ratioD. quick ratio24. Government tax law adjustment is () to a firm.A. generaleconomicriskB. inflationand def

18、lation riskC.firm-specific risk25.Whichofthefollowingstatementsconcerningtheincomestatement is not true?A. It measures performance over a specific period of time.B. It determines after-tax income of the firm.C. It includes deferred taxes.D. It does not include depreciation.E. it treats interest as a

19、n expense.26.Which of the following is not a noncash deduction?A. Depreciation.B. Deferredtaxes.C. Interest.D. Two of theaboveE. All of the above.27.Sasha Corp had an ROA of 10%. Sashas profit margin was 6% onsales of $180. What are total assets?（ ）A.$300B.$108C.$48.D$162.28. Calculate net income ba

20、sed on the following information ()感谢下载载精品Sales = $200.00Cost of goods sold = $100.00Depreciation = $18.00Interest paid = $25.00Tax rate = 34%A. $16.50B. $37.62C. $34.60D. $4.6029.Which of the following is not true?（）A. Financialmarketscan be used to adjustconsumptionpatternsovertime.B. Corporateinv

21、estmentdecisionshavenothingtodowithfinancialmarkets,C. Financial markets deal with cash flows over time.D. Investmentdecisionsrelyontheeconomicprinciplesoffinancialmarkets.E. None of the above.30.()isconcernedwiththeacquisition,financing,andmanagement of assets with some overall goal in mind.A. Fina

22、ncialmanagementB. ProfitmaximizationC. AgencytheoryD. Social responsibility31. A major disadvantage of the corporate form of organization is the().A. doubletaxationof dividendsB. inabilityofthefirmtoraise感谢下载载精品large sums of additional capitalC. limitedliabilityof shareholdersD. limitedlifeofthecorp

23、orateform.32.Interestpaid(earned)on boththe originalprincipalborrowed(lent) and previous interest earned is often referred to as ().A. presentvalueB. simpleinterestC. futurevalueD. compoundinterest33. If the intrinsic value of a share of common stock is less than itsmarketvalue,whichofthefollowingis

24、 themostreasonableconclusion? ()A. The stock has a low level of risk.B. The stock offers a highdividend payout ratio.C. Themarketisundervaluingthestock.D. Themarketisovervaluing the stock.34.A250facevalueshareofpreferredstock,paysa20 annualdividend and investors require a 7% return on this investmen

25、t. If thesecurityis currentlysellingfor276,whatisthedifference(overvaluation)betweenitsintrinsicandmarketvalue(roundedtothe nearest whole dollar)?A. approximately 26B. approximately 10C. approximately 6D.approximately 135. Felton Farm Supplies, Inc., has an 8 percent return on total assets感谢下载载精品of

26、480,000 and a net profit margin of 6percent. What are its sales?()A. 3,750,000B.640,000C. 480,000D. 1,500,00036.A companycanimprove(lower)itsdebt-to-totalassetratiobydoing which of the following?A. Borrowmore.B. Shiftshort-termtolong-term debt.C. Shiftlong-termto short-term debt.D. issuecommonstock.

27、37.TheDuPontApproachbreaksdowntheearningpoweronshareholders book value (ROE) as follows: ROE = ().A. Net profit marginTotal asset turnoverEquity multiplierB. Total asset turnoverGross profit marginDebt ratioC. Total asset turnoverNet profit marginD. Total asset turnoverGross profit marginEquity mult

28、iplier38.Whichofthefollowingitemsconcernsfinancingdecision?()A.salesforecastingB. bondissuingC. receivablescollectionD.investment project selection39.Whichof thefollowingitemsis thefunctionofatreasurer?()A.costaccountingB. internalcontrolC. capitalbudgeting感谢下载载精品D. general ledger40.Forfinancialinst

29、ruments,() is judgedinrelationtotheability to sell a significant volume of securities in a short period oftime without significant price concession.A. maturityB. marketabilityC. defaultD. inflationPart II: Calculation Questions (10x2 points)（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。）1 、The mo

30、st recent financial statements for company CCC are shownhere ($):Income StatementBalance SheetSales10,400Current11,00Current10,000assets0liabilitiesCosts6,820Long-term12,000debtTaxable3,580Fixed27,00Equity16,000Incomeassets0Taxes1,253Total38,00Total38,0000Net income2,327感谢下载载精品1） Compute the followi

31、ng ratios:Current ratio:Total debt ratioTotal asset turnoverProfit marginEquity multiplierROAROE2） Using Du Pont Identity to compute the ROE2. A Microgats Industries bond has a 10% coupon rate and a $1,000 facevalue.Couponsare paidsemiannually,andthebondhas 20 yearstomaturity. If investor required a

32、 12% yield, whats the bonds value?(P/A, 6%, 40)=15.0463(P/F, 6%, 40) = 0.0972(P/A, 12%, 20)=7.4694(P/F, 12%, 20) = 0.1037感谢下载载精品Part IIITranslation (将下面的 topic由英文翻译成中文或者由中文翻译成英文， 5x4=20 points)Topic 1 Introduction to Financial ManagementFinancialmanagementisan integrateddecision-makingprocessconcerned with acquiring, financing, and managing assets to accomplishsome overallgoalwithinabusiness entity.Othernamesforfinancialmanagementincludemanagerialfinance,corporatefinance,andbusinessfinance.Makingfinancialdecisionsis anintegral partof allforms and sizes of business organizations from s