财务管理专业英语复习题.docx
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财务管理专业英语复习题
《11级财务管理专业英语》复习资料
考试题型:
一、短语中英互译(20x1=20分)
二、从下列选项中选出最佳答案(20x1=20分)
三、计算题(25分)
四、段落中英互译(35分)
同学们:
考试的时候请带上没有存储功能的计算器,试卷上只要是涉及到计算的题里面的数字可能与复习资料上的数字不完全一样,但是计算方法是完全一样的,所以大家要掌握计算方法,考试的时候要自己计算。
预祝同学们取得好成绩。
Part
terminologytranslation(1*20points)
Directions:
interpretthefollowingterminologyinEnglishorChinese.(范围课后核心词汇)e.g.:
1.financialmanagement---译成汉语2.普通股----译成英语
Part
IChoicequestions(1*20points)(Pleasewriteyouranswerinthefollowingtable)
1.Financialstatementdoesnotinclude()
A.balancesheetB.incomestatement
C.cashflowstatementD.workingsheet
2.Anincreaseinwhichoneofthefollowingwillincreasetheoperatingcashflow?
A.employeesalariesB.officerent
C.buildingmaintenanceD.equipmentdepreciation
3.Theprocessofplanningandmanagingafirm’slong-terminvestmentsiscalled:
A.workingcapitalmanagement.B.financialdepreciation.
C.capitalbudgeting.D.capitalstructure.
4.Cashequivalentsinclude()
A.timedepositsB.inventories
C.accountsreceivableD.prepaidexpenses
5.Theinternalrateofreturnforaprojectwillincreaseif:
A.theinitialcostoftheprojectcanbereduced.B.thetotalamountofthecashinflowsisreduced.
C.therequiredrateofreturnisreduced.D.thesalvagevalueoftheprojectisomittedfromtheanalysis.
6.Whichofthefollowingbelongstocurrentliabilities?
()
A.mortgagespayableB.prepaidexpenses
C.notespayableD.bondspayable
7.Youspent$500lastweekfixingthetransmissioninyourcar.Now,thebrakesareactingupandyouaretryingtodecidewhethertofixthemortradethecarinforanewermodel.Inanalyzingthebrakesituation,the$500youspentfixingthetransmissionisa(n)___cost.
A.opportunityB.sunk
C.incrementalD.fixed
8.Whichofthefollowingstatementsarecorrectconcerningdiversifiablerisks?
I.Diversifiableriskscanbeessentiallyeliminatedbyinvestinginseveralsecurities.
II.Themarketrewardsinvestorsfordiversifiableriskbypayingariskpremium.
III.Diversifiablerisksaregenerallyassociatedwithanindividualfirmorindustry.
IV.Betameasuresdiversifiablerisk.
A.IandIIIonlyB.IIandIVonly
C.IandIVonlyD.IIandIIIonly
9.Whichofthefollowingisaliabilityaccount?
()
A.prepaidinsuranceB.additionalpaid-incapital
C.salariespayableD.accumulateddepreciation
10.Accountantsemployedbylargecorporationsmayworkintheareasofthefollowingexcept()
A.productcostingandpricingB.budgeting
C.internalauditingD.productproducing
11.Acorporation’sfirstsaleofequitymadeavailabletothepubliciscalleda(n):
()
A.sharerepurchaseprogram.B.privateplacement.
C.initialpublicoffering(IPO).D.seasonedequityoffering(SEO).
12.Standarddeviationmeasures____risk.
A.totalB.nondiversifiableC.unsystematicD.systematic
13.()isthevalueatsomefuturetimeofapresentamountofmoney,oraseriesofpayments,evaluatedatagiveninterestrate.
A.futurevalueB.presentvalueC.intrinsicvalueD.marketvalue
14.EllesmereCorporationissues1million$1parvaluebonds.Thestatedinterestrateis8%peryearandtheinterestispaidtwiceayear.Whatistherealinterestrateofthebond?
()
A.6%B.4%C.10%D.(1+8%/2)2-1
15.Yourfirmpurchasedawarehousefor$335,000sixyearsago.Fouryearsago,repairsweremadetothebuildingwhichcost$60,000.Theannualtaxesonthepropertyare$20,000.Thewarehousehasacurrentbookvalueof$268,000andamarketvalueof$295,000.Thewarehouseistotallypaidforandsolelyownedbyyourfirm.Ifthecompanydecidestoassignthiswarehousetoanewproject,whatvalue,ifany,shouldbeincludedintheinitialcashflowoftheprojectforthisbuilding?
()
A.$268,000B.$295,000C.$395,000D.$515,000
16.Whichoneofthefollowingwilldecreasetheoperatingcycle?
A.payingaccountspayablefaster
B.discontinuingthediscountgivenforearlypaymentofanaccountsreceivable
C.decreasingtheinventoryturnoverrate
D.collectingaccountsreceivablefaster
17.AssumethatdividendsofacommonstockwillbemaintainedatDforever,andtherequiredreturnofthestockholderisr,theparvalueofthestockism,thevalueofthestockis()
A.mB.m+DC.m+D/rD.D/r
18.Whichofthefollowingitemshasthemostrisk?
()
A.treasurybillB.corporatebondC.preferredstockD.commonstock
19.()equalsthegrossprofitdividedbynetsalesofafirm.
A.grossprofitmarginB.netprofitmarginC.returnoninvestmentD.returnonequity
20.()istheratiosthatmeasureafirm’sabilitytomeetshort-termobligations
A.liquidityratiosB.leverageratiosC.coverageratiosD.activityratios
21.Sensitivityanalysishelpsyoudeterminethe:
A.rangeofpossibleoutcomesgivenpossiblerangesforeveryvariable.
B.degreetowhichthenetpresentvaluereactstochangesinasinglevariable.
C.netpresentvaluegiventhebestandtheworstpossiblesituations.
D.degreetowhichaprojectisreliantuponthefixedcosts.
22.AccordingGAAPrevenueisrecognizedasincomewhen:
()
A.acontractissignedtoperformaserviceordeliveragood.
B.thetransactioniscompleteandthegoodsorservicesdelivered.
C.paymentisreceived.
D.incometaxesarepaid.
E.alloftheabove.
23.()istheresultofNetProfitMargin×totalassetturnover×(totalassets/shareholders’equity)
A.ReturnonequityB.returnoninvestmentC.currentratioD.quickratio
24.Governmenttaxlawadjustmentis()toafirm.
A.generaleconomicriskB.inflationanddeflationriskC.firm-specificrisk
25.Whichofthefollowingstatementsconcerningtheincomestatementisnottrue?
A.Itmeasuresperformanceoveraspecificperiodoftime.
B.Itdeterminesafter-taxincomeofthefirm.
C.Itincludesdeferredtaxes.
D.Itdoesnotincludedepreciation.
E.ittreatsinterestasanexpense.
26.Whichofthefollowingisnotanoncashdeduction?
A.Depreciation.B.Deferredtaxes.C.Interest.D.TwooftheaboveE.Alloftheabove.
27.SashaCorphadanROAof10%.Sasha’sprofitmarginwas6%onsalesof$180.Whataretotalassets?
()
A.$300B.$108C.$48.D$162.
28.Calculatenetincomebasedonthefollowinginformation()
Sales=$200.00
Costofgoodssold=$100.00
Depreciation=$18.00
Interestpaid=$25.00
Taxrate=34%
A.$16.50B.$37.62C.$34.60D.$4.60
29.Whichofthefollowingisnottrue?
()
A.Financialmarketscanbeusedtoadjustconsumptionpatternsovertime.
B.Corporateinvestmentdecisionshavenothingtodowithfinancialmarkets,
C.Financialmarketsdealwithcashflowsovertime.
D.Investmentdecisionsrelyontheeconomicprinciplesoffinancialmarkets.
E.Noneoftheabove.
30.()isconcernedwiththeacquisition,financing,andmanagementofassetswithsomeoverallgoalinmind.
A.FinancialmanagementB.ProfitmaximizationC.AgencytheoryD.Socialresponsibility
31.Amajordisadvantageofthecorporateformoforganizationisthe().
A.doubletaxationofdividendsB.inabilityofthefirmtoraiselargesumsofadditionalcapital
C.limitedliabilityofshareholdersD.limitedlifeofthecorporateform.
32.Interestpaid(earned)onboththeoriginalprincipalborrowed(lent)andpreviousinterestearnedisoftenreferredtoas().
A.presentvalueB.simpleinterestC.futurevalueD.compoundinterest
33.Iftheintrinsicvalueofashareofcommonstockislessthanitsmarketvalue,whichofthefollowingisthemostreasonableconclusion?
()
A.Thestockhasalowlevelofrisk.B.Thestockoffersahighdividendpayoutratio.
C.Themarketisundervaluingthestock.D.Themarketisovervaluingthestock.
34.A250facevalueshareofpreferredstock,paysa20annualdividendandinvestorsrequirea7%returnonthisinvestment.Ifthesecurityiscurrentlysellingfor276,whatisthedifference(overvaluation)betweenitsintrinsicandmarketvalue(roundedtothenearestwholedollar)?
A.approximately26B.approximately10C.approximately6D.approximately1
35.FeltonFarmSupplies,Inc.,hasan8percentreturnontotalassetsof480,000andanetprofitmarginof6percent.Whatareitssales?
()
A.3,750,000B.640,000C.480,000D.1,500,000
36.Acompanycanimprove(lower)itsdebt-to-totalassetratiobydoingwhichofthefollowing?
A.Borrowmore.B.Shiftshort-termtolong-termdebt.
C.Shiftlong-termtoshort-termdebt.D.issuecommonstock.
37.TheDuPontApproachbreaksdowntheearningpoweronshareholders'bookvalue(ROE)asfollows:
ROE=().
A.Netprofitmargin×Totalassetturnover×Equitymultiplier
B.Totalassetturnover×Grossprofitmargin×Debtratio
C.Totalassetturnover×Netprofitmargin
D.Totalassetturnover×Grossprofitmargin×Equitymultiplier
38.Whichofthefollowingitemsconcernsfinancingdecision?
()
A.salesforecastingB.bondissuingC.receivablescollectionD.investmentprojectselection
39.Whichofthefollowingitemsisthefunctionofatreasurer?
()
A.costaccountingB.internalcontrolC.capitalbudgetingD.generalledger
40.Forfinancialinstruments,()isjudgedinrelationtotheabilitytosellasignificantvolumeofsecuritiesinashortperiodoftimewithoutsignificantpriceconcession.
A.maturityB.marketabilityC.defaultD.inflation
41.()isthevalueatsomefuturetimeofapresentamountofmoney,oraseriesofpayments,evaluatedatagiveninterestrate.
A.futurevalueB.presentvalueC.intrinsicvalueD.marketvalue
PartIII:
CalculationQuestions(2*10points)(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.UsethefinancialinformationfortheABCCorporationtoanswerproblems.
ABCCorporation
Bal