更多"[单选题]The capital structure weights "的相关试题:
[单选题]Capital structure decisions include determining:
A. which one of two projects to accept.
B. how to allocate investment funds to multiple projects.
C. the amount of funds needed to finance customer purchases of a new product.
D. how much debt should be assumed to fund a project.
E. how much inventory will be needed to support a project.
Difficulty: 1 Easy
[单选题]Black River Tours has a capital structure of 60 percent common stock, 5 percent preferred stock, and 35 percent debt. The dividend payout ratio is 30 percent, the company's beta is 1.21, and the tax rate is 21 percent. Given this, which one of the following statements is correct?
A. The aftertax cost of debt will be greater than the current yield-to-maturity on the company's outstanding bonds.
B. The company's cost of preferred is most likely less than the company's actual cost of debt.
C. The cost of equity is unaffected by a change in the company's tax rate.
D. The cost of equity can only be estimated using the capital asset pricing model.
E. The weighted average cost of capital will remain constant as long as the company's capital structure remains constant.
Difficulty: 1 Easy
Topic: Weighted average cost of capital
Learning Objective: 14-03 Determine a firm's overall cost of capital and how to use it to value a company.
[单选题] Capital market trading occurs in
A. the primary market.
B. the secondary market.
C. both A and B of the above.
D. none of the above.
[单选题]Net working capital:
A. can be ignored in project analysis because any expenditure is normally recouped at the end of the project.
B. requirements, such as an increase in accounts receivable, create a cash inflow at the beginning of a project.
C. is rarely affected when a new product is introduced.
D. can create either an initial cash inflow or outflow.
E. is the only expenditure where at least a partial recovery can be made at the end of a project.
Difficulty: 1 Easy
Topic: Cash flows
Learning Objective: 10-01 Determine the relevant cash flows for a proposed project.
[简答题] The primary issuers of capital market securities are local governments and corporations.
[单选题] Compared to money market securities, capital market securities have
A. more liquidity.
B. longer maturities.
C. lower yields.
D. less risk.
[单选题] Corporations may enter the capital markets because
A. they do not have sufficient capital to fund their investment opportunities.
B. they want to preserve their capital to protect against expected needs.
C. it is required by the Securities and Exchange Commission (SEC..
D. none of the above.
[简答题] Venture capital firms reduce risk by investing in only a few companies which can be carefully monitored and nurtured.
[单选题] The sources of venture capital funding have
A. shifted from wealthy individuals to pension funds and corporations.
B. shifted from pension funds and corporations to wealthy individuals.
C. decreased since 1990.
D. done none of the above.
[单选题]Net working capital is defined as:
A. total liabilities minus shareholders' equity.
B. current liabilities minus shareholders' equity.
C. fixed assets minus long-term liabilities.
D. total assets minus total liabilities.
E. current assets minus current liabilities.
Difficulty: 1 Easy
Topic: Net working capital
Learning Objective: 02-01 Describe the difference between accounting value (or "book" value. and market value.
[单选题]Working capital management decisions include determining:
A. the minimum level of cash to be kept in a checking account.
B. the best method of producing a product.
C. the number of employees needed to work during a particular shift.
D. when to replace obsolete equipment.
E. if a competitor should be acquired.
Difficulty: 1 Easy
Topic: Financial management decisions
Learning Objective: 01-01 Define the basic types of financial management decisions and the role of the financial manager.
[单选题]3.Capital inflows:
A.A.refer to an increase in foreign assets in the nation
B.B.refer to a reduction in the nation's assets abroad
C.C.lead to a payment from foreigners
D.D.all of the above
[简答题] The capital market is a financial market in which only short-term debt instruments (generally those with an original maturity of less than one year. are traded.
[单选题] The near collapse of Long Term Capital Management was caused by
A. the high management fees charged by the fund's two Nobel Prize winners.
B. the fund's high leverage ratio of 20 to 1.
C. a sharp decrease in the spread between corporate bonds and Treasury bonds.
D. a sharp increase in the spread between corporate bonds and Treasury bonds.
E. the fund's shift away from a market-neutral investment strategy.
[单选题]An example of a capital budgeting decision is deciding:
A. how many shares of stock to issue.
B. whether or not to purchase a new machine for the production line.
C. how to refinance a debt issue that is maturing.
D. how much inventory to keep on hand.
E. how much money should be kept in the checking account.
[单选题]The capital asset pricing model approach to equity valuation:
A. is dependent upon the unsystematic risk of a security.
B. assumes the reward-to-risk ratio increases as beta increases.
C. can only be applied to dividend-paying firms.
D. assumes a firm's future risks will be higher than its current risks.
E. assumes the reward-to-risk ratio is constant.
Difficulty: 1 Easy
Topic: Cost of equity
Learning Objective: 14-01 Determine a firm's cost of equity capital.
[单选题]12. Owners of capital in developing countries generally
A.A.opposes an inflow of foreign direct investment from abroad
B.B.favor an inflow of foreign direct investment from abroad
C.C.are indifferent to foreign direct investment from abroad
D.D.we cannot say without additional information
