答案部分1 d全部正确3 bmock财萃哥f9 answers.pdfVIP

ANSWERS

SectionA:

1.DAllcorrec

2.CFiscal

3.Breorder=maxiusagexmaxileadtime

MiniLevel=reorderlevel-averageusagexaverageleadtime

4.ACycle=(2+2+1)+8-5

5.D20+15-(48-40)=27shorttermforcurrentassets====aggressive

sive

6.C10%+(4280/4280)x(20%-10%)=17.8%

7.CMakeleaseorbuyshouldusepost-taxinterest.

Assetreplacementcompareweshouldusebeforetaxcosofcapitalasadisctrte

xcostofcapitalasadiscountrateas

normallythetaxisignored)

8.A2.Financeleasemaintenancefeebornbyyleslessesee.e.

3.CompanreEAC

4.Onevariableatonetimeonly.

9.DPayback用现金流来衡量回收时间。所以每个利润加上每年回收时间。所以每个利润加上每年10k10k的直线折旧来推算回收期。的直线折旧来推算回收期。

10.BDivisible的项目根据PI来排序。排序。PIPI就是就是PPV/VVV//InInvesvestmtmeentnt

11.BDebtwillincreasefinancialrisk.

risk.

12.CBorrowingperiodisshorterthantraditionalbons-5years)

orterthantraditionalbonds(3-5years)

lessee.

13.C2.Willbebornbylessee.

14.DAlllcorrect.

12.4-0.40)+5%=8.5%12.40是包含未是包含未的股利的价格，必须扣掉的股利的价格，必须扣)

15.A40X(1+5%)/12.4-0.40)+5%=8.5%12.40

16.AUnsystemaaticriskcanbediversified.Sodonotneedtomeasure.

rdmarketcanbetailorednotfuture.Futureisastandardcontra

17.DForwardmarketanbetailorednotfuture.Futuresastandarcontract.

x1+2%)/10%-2%)=10.210.2x0.683=0.8x0.683=or

18.C10x(1+2%)(10%-2%)10.210.2x0.683=0.8x0683or(10.2+0.8)x0.683=7.51

Ifinterestratemovementisfavvoraborable,le,willwillnonottexercisetexercisetheheccontractonandviceversa.

19.CIfinterestrateovementisfa

DMonetary-sointerestrate,moneysupply.Ifexpansio

20.DM