A、partnership (合伙制)
B、sole proprietorship (独资)
C、household (家庭)
D、corporate (企业)
A、open at $20 per share on Tuesday and then increase as more investors read the announcement in the Wall Street Journal. (周二开盘价为每股20美元,然后随着更多投资者阅读《华尔街日报》上的公告而增加。)
B、remain at $20 per share because in efficient markets the price already reflects all information. (保持在每股20美元,因为在高效市场中,价格已经反映了所有信息。)
C、open above $20 because the positive news will result in a higher valuation even though the stock has not yet traded. (开盘价高于20美元,因为利好消息将导致更高的估值,即使该股票尚未交易。)
D、open below $20 because the surprise announcement creates more uncertainty. (开盘价低于20美元,因为意外宣布带来更多不确定性。)
A、Cash flow is what matters. (现金流量很重要。)
B、Money has a time value. (货币具有时间价值。)
C、Risk requires a reward. (风险需要回报补偿。)
D、Incremental profits determine value. (增量利润决定价值。)
A、the cost of the project is less than $1,000,000. (该项目的成本低于$ 1,000,000。)
B、the cost of the project is less than the present value of $100,000 per year for 10 years. (项目成本低于10年每年100,000美元的现值。)
C、this project's expected profits are higher than any other projects the corporation has available. (该项目的预期利润高于公司现有的其他任何项目。)
D、the present value of the project's cash inflows exceeds the present value of the project's cash outflows. (项目现金流入的现值超过项目现金流出的现值。)
A、to determine the interest rate paid on corporate debt. (确定公司债务支付的利率。)
B、to bring the future benefits and costs of a project, measured by its expected profits, back to the present. (将以预期利润衡量的项目的未来收益和成本调整到现在。)
C、to bring the future benefits and costs of a project, measured by its cash flows, back to the present. (使以现金流量衡量的项目的未来收益和成本调整到现在。)
D、to ensure that expected future profits exceed current profits today. (确保预期的未来利润超过今天的当前利润。)
A、the cost of the lot is zero since the corporation already owns it. (由于公司已经拥有该地段,因此该地段的成本为零。)
B、the opportunity cost of the lot is $250,000 and should be included in calculating the value of the project. (该地段的机会成本为250,000美元,应计入项目价值中。)
C、the cost of the lot for valuation purposes is $50,000 because land does not depreciate. (出于估价目的,该地段的成本为50,000美元,因为土地不会折旧。)
D、the incremental cash flow should be the $50,000 original cost less accumulated amortization. (增量现金流量应为$ 50,000原始成本减去累计摊销额。)
A、A return for delaying consumption (推迟消费)
B、An additional return for taking on risk (承担风险)
C、An additional return for accepting dividends rather than capital gains (接受现金股利而不是资本利得)
D、Both A and B. (A和B。)
A、the actual return for investment A will be higher than the actual return for investment B. (投资A的实际回报将高于投资B的实际回报。)
B、the actual return for investment A will be higher than the expected return for investment B. (投资A的实际回报将高于投资B的预期回报。)
C、the expected return for investment A will be higher than the actual return for investment B. (投资A的预期收益将高于投资B的实际收益。)
D、the expected return for investment A will be higher than the expected return for investment B. (投资A的预期收益将高于投资B的预期收益。)
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