更多"An analyst does research about net "的相关试题:
[单项选择]An analyst does research about net present value and gathers the following information about three capital budgeting projects (in $ thousands):
| Project | Initial Outlay | Cash Flow Year 1 | Cash Flow Year 2 | Cash Flow Year 3 |
| 1 | 150000 | 70000 | 90000 | 40000 |
| 2 | 125000 | -50000 | 90000 | 195000 |
| 3 | 200000 | 90000 | -30000 | 250000 |
Which projects has the highest internal rate of return（）
A. Project 1.
B. Project 2.
C. Project 3.
[单项选择]An analyst does research about enterprise value and gathers the following information about a company:
| Cash and short-term investments | $25million |
| Market value of outstanding debt | $120million |
| Common shares outstanding | 40million |
| Current price of common shares | $28 |
| Tax rate | 35% |
The company's enterprise value is closest to:（）
A. $975 million.
B. $1173 million.
C. $1215 million.
[单项选择]An analyst does research about the time value of money. An investor deposits $500 million in an account that eams a stated annual rate of 3.5% for the first year and 3.0% for the second year, compounded continuously. If there are no additional deposits or withdraws, the value of the account after two years is closest to:（）
A. $519.05 million.
B. $533.58 million.
C. $536.25 million.
[单项选择]An analyst does research about option value. Prior to expiration, the maximum value of an American call is the:（）
A. excise price.
B. current price of the underlying.
C. present value of the exercise price.
[单项选择]An analyst does research about book value and gathers the following information from a company's balance sheet (in millions):
| Shareholders' equity | $150 |
| Preferred stock | $25 |
| Total liabilities | $50 |
| Issued common shares | 75 |
| Repurchased common shares | 20 |
The company's book value per share is closest to:（）
A. $1.67
B. $2.27
C. $2.73
[单项选择]An analyst does research about price value of a basis point (PVBP). With respect to a coupon bond, the duration is 8.61, and the current price of the bond is $101.35. The price value of a basis point (PVBP) of the bond is closest to:（）
A. $0.0861
B. $0.0873
C. $0.1014
[单项选择]An analyst does research about pro forma net income and gathers the following information about a company for 2011 (in millions):
| Gross profit | $360 |
| Selling, general, and administrative expenses | $140 |
| Operating income | $220 |
| Interest expense | $40 |
| Eamings before taxes | $180 |
| Taxes (30% tax rate) | $30 |
| Net income | $126 |
In 2012, the company's interest expense is expected to grow by 5%, and tax rate is expected to remain the same. All other components of the income statement vary in direct proportion to sales. If the company's revenues are expected to grow by 12%, the company's pro forma net income for 2012 is closest to:（）
A. $141 million.
B. $143 million.
C. $156 million.
[单项选择]An analyst does research about net profit margin. A company has only fixed rate debt outstanding and reports its debt using the fair value option. Which of the following statements is most accurate when market interest rates decrease（）
A. The company's net profit margin decreases.
B. The company's net profit margin remains the same.
C. The company's net profit margin increases.
[单项选择]An investor does research about net present value and gathers the information about two trust products with the same positive annual payments to investor. One is a 20-year ordinary annuity, and the other is a 10-year ordinary annuity. If the investor uses the same positive discount rate to analyze both products, the present value of the lO-year ordinary annuity is:（）
A. less than half the present value of the 20-year ordinary annuity.
B. equal to half the present value of the 20-year ordinary annuity.
C. greater than half the present value of the 20-year ordinary annuity.
[单项选择]An analyst does research about standard deviation and gathers the following information about two scenarios:
| Scenario | Probability | Expected rate of return |
| A | 0.40 | -5% |
| B | 0.60 | 10% |
The expected standard deviation is closest to:（）
A. 5.29%
B. 7.35%
C. 8.57%
[单项选择]An analyst does research about portfolio management. Which of the following statements is Least accurate when an investor diversifies a portfolio（）
A. Systematic risk is eliminated.
B. The variance of the portfolio declines.
C. The portfolio will have a higher correlation with the market portfolio.
[单项选择]An analyst does research about relationship between credit spreads and economic well being. In general, credit spreads on corporate bonds tend to:（）
A. tighten during both economic expansions and economic contractions.
B. widen during economic expansions and tighten during economic contractions.
C. tighten during economic expansions and widen during economic contractions.
[单项选择]An analyst does research about calculating reinvestment income to achieve desired yield. An 8 percent coupon bond with seven years to maturity makes semiannual interest payment and has a maturity value of $1000. The bond is currently selling at $1112.96 to provide a 6 percent yield. The amount of reinvestment income required to generate this yield is closest to:（）
A. $110.48
B. $123.45
C. $226.44
[单项选择]An analyst does research about financial reporting quality. An incentive for a company's management reporting lower earnings is least likely to:（）
A. remain in compliance with lending covenants.
B. obtain trade relief in the form of quotas or protective tariffs.
C. negotiate favorable terms from creditors.
[单项选择]An analyst does research about depreciation expense for a company. The company purchases equipment for $1200000 with an estimated useful life of 6 years and no estimated residual value. Using the double-declining balance method, the depreciation expense for year 3 is closest to:（）
A. $177778
B. $200000
C. $266667
[单项选择]An analyst does research about financial statements. Which of the following best describes the firm's financial performance over a period of time（）
A. Balance sheet.
B. Income statement.
C. Cash flow statement.
[单项选择]An analyst does research about different inventory valuation methods. Which inventory valuation method least likely results in the same cost of sales for both periodic and perpetual inventory systems（）
A. FIFO.
B. LIFO.
C. Specific identification method.
[单项选择]An analyst does research about difference between Generally Accepted Accounting Principles (U. S. GAAP) and Intemational Financial Reporting Standards (IFRS). The indirect method of presenting cash flow from operation is NOT allowed under（）
A. IFRS ortly.
B. U. S. GAAP only.
C. Neither IFRS nor U. S. GAAP.
