[单选题]When evaluating the timing of a project's projected cash flows, a financial manager is analyzing:
A. the amount of each expected cash flow.
B. only the start-up costs that are expected to require cash resources.
C. only the date of the final cash flow related to the project.
D. the amount by which cash receipts are expected to exceed cash outflows.
E. when each cash flow is expected to occur.
Difficulty: 1 Easy

[单选题]When constructing a pro forma statement, net working capital generally:
A. remains fixed.
B. varies only if the firm is currently producing at full capacity.
C. varies only if the firm maintains a fixed debt-equity ratio.
D. varies only if the firm is producing at less than full capacity.
E. varies proportionally with sales.
Difficulty: 1 Easy
Topic: Pro forma statements
Learning Objective: 04-01 Apply the percentage of sales method.

[单选题]When compiling a pro forma statement, which policy most directly affects the projection of the retained earnings account balance?
A. Net working capital policy
B. Capital structure policy
C. Dividend policy
D. Capital budgeting policy
E. Capacity utilization policy
Difficulty: 1 Easy
Topic: Pro forma statements

[单选题] Market timing
A. takes advantage of time differences between the east and west coasts of the United States.
B. takes advantage of arbitrage opportunities in foreign stocks.
C. takes advantage of the time lag between the receipt and execution of orders.
D. is discouraged by the stiff fees mutual funds charge every investor for buying and then selling shares on the same day.

[单选题] "How much serumA.lbumin isA.s lowA.s when the patient ofC.irrhosisA.ppearsA.scitesA.ndE.dema?
A.35G./L
B.30G./L
C.25G.

[单选题]Pro forma statements for a proposed project should generally do all of the following except:
A. be compiled on a stand-alone basis.
B. include all project-related fixed asset acquisitions and disposals.
C. include all the incremental cash flows related to the project.
D. include taxes.
E. include interest expense.
Difficulty: 1 Easy
Topic: Pro forma statements
Learning Objective: 10-01 Determine the relevant cash flows for a proposed project.

[单选题] Late trading and market timing
A. allow large, favored investors in a mutual fund to profit at the expense of other investors in the fund.
B. hurt ordinary investors by increasing the number of fund shares and diluting the fund's net asset value.
C. are both A and B of the above.
D. are none of the above.

[单选题]7.When a nation’s commodity terms of trade deteriorate and its single factoral ter ms of trade improve, the nation’s welfare:
A.A.falls
B.B.rises
C.C.remains unchanged
D.D.any of the above

[单选题] When inflation rose in the late 1970s,
A. consumers moved money out of money market mutual funds because their returns did not keep pace with inflation.
B. banks solidified their advantage over money markets by offering higher deposit rates.
C. brokerage houses introduced highly popular money market mutual funds, which drew significant amounts of money out of bank deposits.
D. consumers were unable to take advantage of higher rates in money markets because of the requirement of large transaction sizes.

[判断题]When the sky pearl club member's accumulated mileage adds up to 20,000 kilometers,he will receive first mileage voucher.
A.正确
B.错误

[单选题] When an old bond's market value is above its par value, the bond is selling at a ________. This occurs because the old bond's coupon rate is ________ the coupon rates of new bonds with similar risk.
A. premium; below
B. premium; above
C. discount; below
D. discount; above

[单选题]Next year's pro forma statement is based on an annual increase in sales of four percent. The firm is currently operating at 85 percent of capacity. Net working capital and all costs vary directly with sales. The tax rate and the dividend payout ratio are fixed. Given this information, the:
A. projected dividends must equal the current dividends.
B. depreciation expense will decrease by four percent.
C. retained earnings will increase by 85 percent of projected net income.
D. total assets will increase by less than four percent.
E. total liabilities and owners' equity will increase by four percent.
Difficulty: 1 Easy
Topic: Pro forma statements
Learning Objective: 04-01 Apply the percentage of sales method.

[单选题]7.When a U.S.firm imports a good from England a pays for it by drawing on its poundsterling balances in a London Bank, the U.S.debits its current account and credits its:
A.A.official reserve account
B.B.unilateral transfers account
C.C.services in its current account
D.D.capital account

[单选题]8.When the U.S.ships food aid to a developing nation, the U.S.debits:
A.A.unilateral transfers
B.B.services
C.C.capital
D.D.official reserves

[单选题]10.When a U.S.resident (1) purchases foreign treasury bills and pays by (2) drawi ng down his bank balances abroad, the U.S.:
A.A.debits short-term capital and credits official reserves
B.B.debits capital for (1) and credits capital for (2)
C.C.debits official reserves and credits capital
D.D.credits short-term capital and debits official reserves