（财务知识）西方财务管 理试题 .Fillintheblanks:(10points,2pointsforeach)A 卷 1.Thethreebasicquestionsaddressedbyafinancialmanagerare:capitalbudgeting,cap ital structure,and . 2.Thethreebasiclegalformsoforganizingabusinessare ,partnerships,andcorporations. 3.Cashflowisgeneratedbythefirmandpaidtocreditorsandshareholders.Itcanbedivid edascashflow ,cashflowfromchangesinfixedassetsandcashflowfromchangesinworkingcapital. 4. ismeasuredascurrentassetsdividedbycurrentliabilities. 5.Aformofequitywhichreceivespreferentialtreatmentinthepaymentofdividendsi s called . .MultipleChoice:(20points,1pointforeachproblem.) 1.Thepersongenerallydirectlyresponsibleforoverseeingthecashandcreditfunction s, financialplanning,andcapitalexpendituresisthe: a.treasurer.b.director.c.controller.d.chairmanoftheboard. 2.Theprimarygoaloffinancialmanagementisto: a.maximizecurrentdividendspershareoftheexistingstock. b.maximizethecurrentvaluepershareoftheexistingstock. c.avoidfinancialdistress. d.minimizeoperationalcostsandmaximizefirmefficiency. 3.Whichoneofthefollowingstatementsiscorrectconcerningtheorganizational structureofacorporation? a.Thevicepresidentoffinancereportstothechairmanoftheboard. b.Thechiefexecutiveofficerreportstotheboardofdirectors. c.Thecontrollerreportstothepresident. d.Thetreasurerreportstothechiefexecutiveofficer. 4.Whichoneofthefollowingisaprimarymarkettransaction? a.adealersellingsharesofstocktoanindividualinvestor b.adealerbuyingnewlyissuedsharesofstockfromacorporation c.anindividualinvestorsellingsharesofstocktoanotherindividual d.abanksellingsharesofamedicalfirmtoanindividual 5.Thefinancialstatementshowingafirmsaccountingvalueonaparticulardateisthe: a.incomestatement.b.balancesheet.c.statementofcashflows. d.taxreconciliationstatement. 6.A(n)_assetisonewhichcanbequicklyconvertedintocashwithoutsignificantloss invalue. a.currentb.fixedc.intangibled.liquid 7.Onekeyreasonalong-termfinancialplanisdevelopedisbecause: a.theplandeterminesyourfinancialpolicy. b.theplandeterminesyourinvestmentpolicy. c.therearedirectconnectionsbetweenachievablecorporategrowthandthefinancial policy. d.thereisunlimitedgrowthpossibleinawell-developedfinancialplan. 8.Thecurrentratioismeasuredas: a.currentassetsminuscurrentliabilities. b.currentassetsdividedbycurrentliabilities. c.currentliabilitiesminusinventory,dividedbycurrentassets. d.cashonhanddividedbycurrentliabilities. 9.TheExternalFundsNeeded(EFN)equationdoesnotmeasuresthe: a.additionalassetrequirementsgivenachangeinsales. b.additionaltotalliabilitiesfinancingraisedgiventhechangeinsales. c.rateofreturntoshareholdersgiventhechangeinsales. incomeexpectedtobeearnedgiventhechangeinsales. 10.Tocalculatesustainablegrowthrate,theanalystneedsthe: a.profitmargin.b.payoutratioandassetrequirementratio. c.debt-to-equityratio.d.Alloftheabove 11.Theinterestratechargedperperiodmultipliedbythenumberofperiodsperyearisc alledthe_rate. a.effectiveannualb.annualpercentage poundinterest 12.Youarecomparingtwoannuitieswhichoffermonthlypaymentsfortenyears.Both annuitiesareidenticalwiththeexceptionofthepaymentdates.AnnuityApaysonthe firstofeachmonthwhileannuityBpaysonthelastdayofeachmonth.Whichoneof thefollowingstatementsiscorrectconcerningthesetwoannuities? a.Bothannuitiesareofequalvaluetoday. b.AnnuityBisanannuitydue. c.AnnuityAhasahigherfuturevaluethanannuityB. d.AnnuityBhasahigherpresentvaluethanannuityA. 13.Thepresentvalueoffuturecashflowsminusinitialcostiscalled a.thefuturevalueoftheproject. b.thenetpresentvalueoftheproject. c.theequivalentsumoftheinvestment. d.theinitialinvestmentriskequivalentvalue. 14.Thestatedinterestpayment,indollars,madeonabondeachperiodiscalledthebon ds: a.coupon.b.facevalue.c.maturity.d.yieldtomaturity. 15.Theformofbondissueinwhichtheregistrarofthecompanyrecordsownershipofe ach bond,withrelevantpaymentsmadedirectlytotheownerofrecord,iscalledthe_for m. a.new-issueb.registeredc.bearerd.debenture 16.Anaccountmanagedbythebondtrusteeforearlybondredemptionpaymentsiscal leda: a.sinkingfund.b.collateralpaymentaccount. c.deedintrustaccount.d.callprovision. 17.Theannualcouponpaymentofabonddividedbyitsmarketpriceiscalledthe: a.couponrate.b.currentyieldc.yieldtomaturityd.bid-askspread. 18.Thestockvaluationmodelthatdeterminesthecurrentstockpricebydividingthene xtannualdividendamountbytheexcessofthediscountratelessthedividendgr owthrateiscalledthe_model. a.zerogrowthb.dividendgrowthc.capitalpricing d.earningscapitalization 19.Thedifferencebetweenthepresentvalueofaninvestmentanditscostisthe: presentvalue.b.internalrateofreturn. c.paybackperiod.d.profitabilityindex. 20.Thechangesinafirmsfuturecashflowsthatareadirectconsequenceofaccepting aprojectarecalled_cashflows. a.incrementalb.stand-alonec.after-presentvalue .Judgethefollowingsentences.Ifitistrue,writeT;IfitisFalse,writeF.(10points,1 pointforeach) 1.Theoriginalsaleofsecuritiesbygovernmentsandcorporationstothegeneralpublic occurs intheprimarymarket. 2.Noncashitemsrefertothecostsincurredforthepurchaseofintangib