Liabilities are debts owed to outsiders, measurable by money value, which will be paid to
A、bank loan due
B、short term debt
C、total liabilities
D、total assets
A.38.6%.
B.13.4%.
C.34.9%.
D.25.9%.
E.14.9%.
A、Fixed Assets = Stockholder's Equity + Current Assets
B、Assets = Liabilities + Stockholder's Equity
C、Assets = Current Long-Term Debt + Retained Earnings
D、Fixed Assets = Liabilities + Stockholder's Equity
The following statements concerning long-term debt are true except that ______.
A.long-term debt is a liability of a period longer than one year
B.long-term debts are paid in installments
C.despite of different payment plans, long-term debts are never classified as current liabilities
D.the loan borrowed by the company is a typical example of long-term debt
A.long-term debt is a liability of a period longer than one year
B.long-term debts are paid in installments
C.despite of different payment plans, long-term debts are never classified as current liabilities
D.the loan borrowed by the company is a typical example of long-term debt
Suppose that the U.S. net foreign debt is 25 percent of U.S. GDP and that foreign assets and liabilities alike pay an interest rate of 5 percent per year. What would be the drain on U.S. GDP (as a percentage) from paying interest on the net foreign debt? Do you think this is a large number? What if the net foreign debt were 100 percent of GDP? At what point do you think a country's government should become worried about the size of its foreign debt?
Liabilities are "outside claims", which are economic obligations, debts payable to outsiders. These outside parties are called creditors. For example a creditor who has loaned money to a business has a claim-- a legal right -- to a part of the assets until the business pays the debt, "insider claims" are called owners' equity or capital. These are the claims held by the owners of the business. Owners' equity is measures by subtracting liabilities from assets.
The owners of a business are those who have invested their money in the business. There- fore, they are the only persons who have the right of claims to the assets of the business.
A.Right
B.Wrong
C.Doesn't say
Required:
Advise Chi, Di and Fi as to their various rights and liabilities in relation to the operation of the business under partnership law.
The following scenario relates to questions 6 to 10.
Ring Co has in issue ordinary shares with a nominal value of $0·25 per share. These shares are traded on an efficient capital market. It is now 20X6 and the company has just paid a dividend of $0·450 per share. Recent dividends of the company are as follows:
Ring Co also has in issue loan notes which are redeemable in seven years’ time at their nominal value of $100 per loan note and which pay interest of 6% per year.
The finance director of Ring Co wishes to determine the value of the company.
Ring Co has a cost of equity of 10% per year and a before-tax cost of debt of 4% per year. The company pays corporation tax of 25% per year.
Using the dividend growth model, what is the market value of each ordinary share?
A.$8·59
B.$9·00
C.$9·45
D.$7·77
What is the market value of each loan note?A.$109·34
B.$112·01
C.$116·57
D.$118·68
The finance director of Ring Co has been advised to calculate the net asset value (NAV) of the company.
Which of the following formulae calculates correctly the NAV of Ring Co?
A.Total assets less current liabilities
B.Non-current assets plus net current assets
C.Non-current assets plus current assets less total liabilities
D.Non-current assets less net current assets less non-current liabilities
Which of the following statements about valuation methods is true?A.The earnings yield method multiplies earnings by the earnings yield
B.The equity market value is number of shares multiplied by share price, plus the market value of debt
C.The dividend valuation model makes the unreasonable assumption that average dividend growth is constant
D.The price/earnings ratio method divides earnings by the price/earnings ratio
Which of the following statements about capital market efficiency is/are correct?
(1) Insider information cannot be used to make abnormal gains in a strong form. efficient capital market
(2) In a weak form. efficient capital market, Ring Co’s share price reacts to new information the day after it is announced
(3) Ring Co’s share price reacts quickly and accurately to newly-released information in a semi-strong form. efficient capital market
A.1 and 2 only
B.1 and 3 only
C.3 only
D.1, 2 and 3
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