2022 财务管理(FM)（叶会）(浙江工商大学)1467021452 最新满分章节测试答案

本答案对应课程为:点我自动跳转查看
本课程起止时间为:2022-01-14到2022-06-20

chapter 7 basic investment appraisal techniques 第7章测试

1、 问题:NW company is considering investing $46,000 in a new delivery lorry that will last for 4 years, after which time it will be sold for $7,000. Depreciation is charge on a straight-line basis. Forecast operating profits/losses to be generated by the machine are as follows.Year    1          2             3            4 $      16,500  23,500  13,500  (1,500)What is the ROCE for the lorry (using the average investment method)?
选项：
A:70%
B:28%
C:49%
D:36%
答案: 【49%】

2、 问题:The same information with example 1.what is the payback period for this investment (to the nearest month)?
选项：
A:1 year 7 months
B:2 years 7 months
C:1 year 5 months
D:3 year 2 months
答案: 【1 year 7 months】

3、 问题:Which of the following are benefitsof the return on capital employedmethod of investment appraisal?1.It considers the whole project2.It is cash flow based3.It is a percentagewhich, being meaningful to non-finance professionals, helps communicate the benefits of investment decisions.
选项：
A:1, 2 and 3
B:1 and 3 only
C:1, and 2 only
D:2 and 3 only
答案: 【1 and 3 only】

4、 问题:SW Co has a barrel of chemicals in its warehouse that it purchased for a project a while ago at a cost of $1,000. It would cost $400 for a professional disposal company to collect the barrel and dispose of it safely. However, the chemicals could be used in a potential project which is currently being assessed.What is the relevant cost of using the chemicals in a new project proposal?
选项：
A:$1,000 cost
B:$400 benefit
C:$400 cost
D:Zero
答案: 【$400 benefit】

5、 问题:A new project being considered by BLW Co would require 1,000 hours of skilled labour. The current workforce is already fully employed but more workers can be hired in at a cost of $20 per hour. The current workers are paid $15 per hour on a project that earns a contribution of $10 per hour.What is the relevant cost of labour to be included in the project appraisal?
选项：
A:$10,000
B:$15,000
C:$20,000
D:$25,000
答案: 【$20,000】

6、 问题:LW Co has a half empty factory on which it pays $5,000 pa rent. If it takes on a new project, it will have to move to a new bigger factory costing $17,000 pa and it could rent the old factory out for $3,000 pa until the end of the current lease.What is the rental cost to be included in the project appraisal?
选项：
A:$14,000
B:$17,000
C:$9,000
D:$19,000
答案: 【$14,000】

7、 问题:EE Co is considering investing in a new 40-year project which will require an initial investment of $50,000 (with zero scrap value) and has a payback period of 20 years. The 40 year project has consistent cash flows each year.What is the return on capital employed (using the average investment method)?
选项：
A:2.5%
B:10%
C:7.5%
D:5%
答案: 【5%】

8、 问题:An accountant is paid $30,000 per annum and spends two weeks one month working on appraising project Alpha.Why should the accountant NOT charge half of his month’s salary to the project?
选项：
A:Because his salary cannot be apportioned
B:Because his salary is not incremental
C:Because his salary is not a cash flow
D:Because his salary is an opportunity cost
答案: 【Because his salary is not incremental】

9、 问题:Which of the following is a drawback of the payback period method of investment appraisal?
选项：
A:It is cash flow based
B:It considers the time value of money
C:It doesn’t measure the potential impact on shareholder wealth
D:It is profit based
答案: 【It doesn’t measure the potential impact on shareholder wealth】

10、 问题:Which of the following statements is NOT correct?
选项：
A:Return on capital employed can be defined as profit before interest and tax divided by the sum of shareholders’ funds and prior charge capital
B:Return on capital employed is the product of net profit margin and net asset turnover
C:Dividend yield can be defined as dividend per share divided by the ex dividend share price
D:Return on equity can be defined as profit before interest and tax divided by shareholders’ funds
答案: 【Return on equity can be defined as profit before interest and tax divided by shareholders’ funds】

chapter 4 working capital 第4章测试

1、 问题:Which of the following is the most likely to be a symptom of overtrading?
选项：
A:Static levels of inventory turnover
B:Rapid increase in profits
C:Increase in the level of the current ratio
D:Rapid increase in sales
答案: 【Rapid increase in sales】

2、 问题: Which of the following statements best defines the current ratio?
选项：
A:The ratio of current assets to current liabilitiesFor the majority of businesses it should be at least 2.
B:The ratio of current assets to current liabilitiesFor the majority of businesses it should be at least 1.
C:The ratio of current assets excluding inventoryFor the majority of businesses it should be at least 1.
D:The ratio of current assets excluding inventory to current liabilitiesFor the majority of businesses it should be at least 2.
答案: 【The ratio of current assets to current liabilitiesFor the majority of businesses it should be at least 1.】

3、 问题:Which is the working capital requirement of a company with the following average figures over a year?Inventory 3,750Trade accounts receivable  1,500Cash and bank balances  500Trade accounts payable   1,800
选项：
A:3950
B:3900
C:3980
D:4000
答案: 【3950】

4、 问题:That a  company with excessive investment in working capital is  over-capitalisation?
选项：
A:正确
B:错误
答案: 【正确】

5、 问题:That company trying to support too large a volume of trade with the capital resources at its is disposalovertrading?
选项：
A:正确
B:错误
答案: 【正确】

chapter 2 economic environment for business 第2章测试

1、 问题:Which of the following factors can not influence the level of exchange rates?
选项：
A:Comparative inflation rates
B:Balance of payments
C:Monetary liquidity
D:Speculation
答案: 【Monetary liquidity】

2、 问题:What is the situation called when there is only one firm, the sole producer of a good, which has no closelycompeting substitutes?
选项：
A:Duopoly
B:Oligopoly
C:Monopoly
D:Totopoly
答案: 【Monopoly】

3、 问题:What are likely to be the main aims of a government’s economy policy?
选项：
A:Economic growth
B:Control of price inflation
C:Full employment
D:Balance between imports and exports
答案: 【Economic growth;
Control of price inflation;
Full employment;
Balance between imports and exports】

4、 问题:What are the reasons for government intervention in markets？
选项：
A:Imperfect competition
B:Social costs/externalities
C:Imperfect information
D:Equity
答案: 【Imperfect competition;
Social costs/externalities;
Imperfect information】

5、 问题:A government’s fiscal policy is concerned with taxation, borrowing and spending and their effects on theeconomy. Monetary policy is concerned with money and interest rates
选项：
A:正确
B:错误
答案: 【正确】

6、 问题:A high interest rate attracts foreign investment, thus increasing the demand for the currency. The exchange rate rises as a result.
选项：
A:正确
B:错误
答案: 【正确】

7、 问题:Externalities are positive effects on third parties resulting from production andconsumption activities.
选项：
A:正确
B:错误
答案: 【错误】

8、 问题:Corporate governance is the system by which companies are directed and controlled.
选项：
A:正确
B:错误
答案: 【正确】

chapter 1 financial management function 第1章测试

1、 问题:Which of the following statements are correct?                                                 Maximizing market share is an example of a financial objectiveShareholder wealth maximization is the primary financial objective for a company listed on a stock exchangeFinancial objectives should be quantitative so that their achievement can be measured