Which of the following brought a formal end to the First World War?
A、The Treaty of Versailles
B、The Congress of Vienna
C、The League of Nations
D、The United Nations
A、The Treaty of Versailles
B、The Congress of Vienna
C、The League of Nations
D、The United Nations
A、Ball mill
B、Mixture
C、Blending
D、Sintering
A、(First name, Year)
B、(Last name, Year)
C、(Year, First name)
D、(Year, Last name)
A、The agency costs of debt can arise only if there is no chance the firm will default and impose losses on its debt holders.
B、Agency costs represent another cost of increasing the firm’s leverage that will affect the firm's optimal capital structure choice.
C、An under-investment problem occurs when shareholders choose to not invest in a positive-NPV project.
D、When a firm faces financial distress, it may choose not to finance new, positive-NPV projects.
•For each question (23-28), choose the correct answer.
•Mark one letter (A, B or C) on your Answer sheet.
A BRIGHT FUTURE
The furniture retailer, JRA. which has produced disappointing results recently, said that market conditions were at last improving. Sales rose by 7.3% in tile final quarter of 2006. after falling by 6.2% in the three months between July and September, and by 7.4% in the past quarter.
Mike Turner, the managing director, said that. although the market remained competitive, orders had reached their highest level ever and with this promising news he thought that profit margins would reach 11% before the end of the next financial year. The company is also benefiting from the current low interest rates charged by the banks. Further savings were made when the company increased the proportion of furniture that it produced itself. This follows its takeover in May of tile Brimoon Furniture factory, which was suffering from serious financial problems.
JRA will continue its expansion programme this year and expects to add four new stores to the existing fifty. These will all be in the south-west of UK. where it currently has only one store. The company aims eventually to have eighty large stores nationwide and then to concentrate on opening a number of smaller ones.
This positive news was delivered together with the announcement of a 13% drop in profits to $30 million on sales of $386 million for the financial year. This fall was not as bad as forecasted—several analysts thought profits would be less than $12 million.
Before becoming managing director of JRA. Turner had worked for Patton Points. Though Patton Points was once a leader in its field, it was in serious financial difficulties when Turner joined the company. Within three years, however, he had turned the company's annual losses into a $11 million profit. He is beginning to do the same at JRA.
Between April and June 2006, JRA's sales
A.fell by 6.2%.
B.rose by 6.7%.
C.fell by 7.4%.
A、It is durable.
B、It can resist fire, wind and water.
C、It can be rebuilt easily.
D、It is made of yellow earth.
A、Yalta Conference
B、Paris Peace Conference
C、The Congress of Vienna
D、The United Nations
A、wane
B、enshrine
C、underpin
D、proliferate
A、the collapse of housing prices
B、subprime mortgage market
C、the combination of very low interest rates and unprecedented levels of liquidity
D、the collapse of stock market
A、accrues
B、ensues
C、fortifies
D、generates
A、China
B、the US and Europe
C、India
D、Brazil
为了保护您的账号安全,请在“简答题”公众号进行验证,点击“官网服务”-“账号验证”后输入验证码“”完成验证,验证成功后方可继续查看答案!