请选出正确答案,共15题,每题10分,满分150分,涵盖金融、经济、会计版块:

金融版块

1. What type of company trades on an organized stock exchange?

Limited liability company

Private company

"S" corporation

"C" corporation

Public company

2. If you buy shares of New Oriental Education & Technology Group on the primary market:

New Oriental receives the money because the company has issued new shares.

you buy the shares from another investor who decided to sell the shares.

you buy the shares from the New York Stock Exchange.

you buy the shares from NASDAQ.

you buy the shares from the Federal Reserve.

3. Which of the following statements about Bonds is FALSE?

The principal or face value of a bond is the notional amount we use to compute the interest payments.

Payments are made on bonds until a final repayment date, called the term date of the bond.

The coupon rate of a bond is set by the issuer and stated on the bond certificate.

The promised interest payments of a bond are called coupons.

Bonds are a securities sold by governments and corporations to raise money from investors today in exchange for promised future payments.

4. Which of the following statements is FALSE?

As firms mature, their earnings exceed their investment needs and they begin to pay dividends.

Total return equals earnings multiplied by the dividend payout rate.

Cutting the firm's dividend to increase investment will raise the stock price if, and only if, the new investments have a positive NPV.

We cannot use the constant dividend growth model to value the stock of a firm with rapid or changing growth.

5. As an oil refiner, you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude. ANS is currently traded for $71.75/Bbl and WTI is traded for $73.06/Bbl.
Assuming you currently have 10,000 Bbls of WTI crude, the added benefits to you if you were to sell the 10,000 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest to:

$13,100

$39,000

$40,800

$43,308

$29,000

经济版块

1. A firm produces 200 units and the total cost of production is $4000. When they increase output to 220, the cost rises to $4200. When the firm produces zero output, the cost is $1000. What is the fixed cost per unit when they produce 220 units?

$4.55

$5.55

$4

$5

$3

2. When price is increased by 20%, the demand for bananas is dropped by 80% whereas the demand for gasoline only dropped by 5%. It indicates that the demand for bananas is relatively ________ while the demand for oil is relatively ________.

Inelastic;Elastic

Elastic;Inelastic

Elastic; Elastic

Inferior; Normal

Normal;Inferior

3. The cost of using a scarce resource to do one thing instead of another is most usually called the:

Social cost

Opportunity cost

Alternative cost

Economic cost

Business cost

4. Would the GDP of China include the production of a Chinese student when s/he is working abroad?

Yes, because s/he is a Chinese citizen.

No, because the production is not within China.

No, because she is not coming back.

Yes, because s/he is making money.

None of the above.

5. Sandy is traveling from Italy to the US and she borrowed 500 USD from Martin. She knows that 1 USD is worth 0.80 Euros and she has 350 Euros in hand. If she goes to the bank and exchanges 350 Euros into USD , what amount of USD is left over, or still owing, after paying back Martin?

$62.5 left over

$62.5 still owing

$220 left over

$220 still owing

None of the above

会计版块

1. Company A has current assets of $800, non-current liabilities of $1,000, owner’s equity of $400 and current liabilities of $750. What is the amount of non-current assets?

$950

$1,350

$2,950

$800

$1,400

2. Company B reports net income of $2,000 million for fiscal year 2016. At the beginning of fiscal 2016, its total assets are $45,000 million and at the end of fiscal 2016, they total $50,000 million. The company’s return on assets for fiscal 2016 is:

4.44%

4%

2.1%

4.21%

40%

3. Patricia contributed $500,000 cash and land worth $500,000 to open her new business, Patricia Technology. Which of the following journal entries does Patricia Technology make to record the transaction?

Cash at bank. . . . . . . . . . . 500,000
    Patricia, Capital . . . . . . . . . . . . 500,000

Patricia, Capital . . . . . . . . 500,000
    Cash at bank. . . . . . . . . . . . . . .500,000

Cash at bank . . . . . . .. . . .500,000
Land . . . . . . . . . . . . . . . . .500,000
    Patricia, Capital . . . . . . . . . . .1,000,000

Patricia, Capital . . . . . . 1,000,000
    Cash at bank.. . . . . . . . . . . . . . 500,000
    Land.. . . . . . . . . . . . . . . . . . . . .500,000

Cash at bank . . . . . . .. . . .500,000
    Land . . . . . . . . . . . . . . . . . . . . .500,000

4. Plant assets refer to

Flowers and trees

Capital

Money

Mortgages

Buildings, machinery and land

5. Assume company C paid $95,000 cash to acquire a group of items, including a building appraised at $40,000, land improvements appraised at $15,000, and land appraised at $45,000. The $95,000 cost is allocated on the basis of these appraised values. What is the apportioned cost of the building acquired?

$38,000

$35,000

$42,750

$47,500

$53,000

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