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发布时间:2024-05-25 00:39:16

[单项选择]At a recent Haggerty Semiconductors Board of Directors meeting, Merle Haggerty was asked to discuss the topic of the company’s weighted average cost of capital (WACC). At the meeting Haggerty made the following statements about the company’s WACC: Statement 1: A company creates value by producing a higher return on its assets than the cost of financing those assets. As such, the WACC is the cost of financing a firm’s assets and can he viewed as the firm’s opportunity cost of financing its assets. Statement 2: Since a firm’ s WACC reflects the average risk of the projects that make up the firm, it is not appropriate for evaluating all new projects. It should be adjusted upward for projects with greater-than-average risk and downward for projects with less-than-average risk. Are Statement 1 and Statement 2, as made by Haggerty correct Statement 1 Statement 2()①A. Incorrect Incorrect ②B. Correct Incorrect ③C. Correct Correct
A. ①
B. ②
C. ③

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[简答题]During a recent meeting of the board of the directors of a company its future prospects were discussed. The chairman informed the rest of the board (composed of five members) that the company was heading towards a state of insolvency. The chairman, nonetheless informed the board that the company had continued to trade over the past months and that he recommended the acquisition of a large investment and requested that the said investment be approved by the board. The transaction was approved. There was one director, Mr Jones, who dissented in view of the company’s precarious financial position and the substantial debts the company had accumulated over recent years. Required: (a) Explain if action can be taken against the chairman for fraudulent trading or wrongful trading; and (6 marks)
[单项选择]In a recent meeting of the Board of Directors of Singh Semiconductors, the Board was discussing deferred taxes and the effective tax rate reconciliation disclosures. The Board wanted to learn more about this topic because low effective tax rates relative to the effective tax rates of comparable companies are a potential red flag. At the meeting the following two statements were made by Board members: Statement 1: When analyzing a firm’ s effective tax rate reconciliation disclosures, analysts watch out for companies that report high income tax expense on their financial statements compared to taxes payable because such companies are more likely to be using aggressive accounting methods and have low-quality earnings. Statement 2: High effective tax rates may result when a firm has significant restructuring charges since restructuring charges do not generally have tax cash flow effects in the year they are recorded, but can have significant effects on future cash flows. Are Statement
[填空题]Drip irrigation is a way of delivering water directly to


[填空题]Which is the most recent species
[单项选择]Passage 11
The recent boom in technological advances, formation of new businesses, and personal (1) is the third, and most dramatic, such wave (2) by the computer industry in the last twenty-five years. The first wave (3) tangible products—"hardware," as (4) the computer programs that (5) software. In the 1960s and 1970s companies in the Santa Clara Valley, between San Jose and San Francisco, produced silicon memory chips for computers— (6) the name Silicon Valley. Then they produced silicon logic chips, (7) direct a computer’s operation. Then many produced computers (8) .
The great (9) from the hardware era include those of the Hewlett and Packard families, of Hewlett-Packard, which started (10) money in the presilicon era, with scientific instruments. The
A. constitute
B. consist of
C. include
D. lead to
[单项选择]

Although recent years have seen substantial reductions in noxious pollutants from individual motor vehicles, the number of such vehicles has been steadily increasing. Consequently more than 100 cities in the United States still have levels of carbon monoxide, particulate matter, and ozone (generated by photochemical reactions with hydrocarbons from vehicle exhaust) that exceed legally established limits. There is a growing realization that the only effective way to achieve further reductions in vehicle emissions--short of a massive shift away from the private automobile—is to replace conventional diesel fuel and gasoline with cleaner-burning fuels such as compressed natural gas, liquefied petroleum gas, ethanol, or methanol.
All of these alternatives are carbon-based fuels whose molecules are smaller and simpler than those of gasoline. These molecules burn mom cleanly than gasoline, in part because they have fewer, if any, carbon-carbon bonds, and the hydrocarbons t
A. Further attempts to reduce emissions from gasoline-fueled vehicles will nor help lower urban air pollution levels.
B. Attempts to reduce the pollutants that an individual gasoline-fueled vehicle emits have been largely unsuccessful.
C. Few serious attempts have been made to reduce the amount of pollutants emitted by gasoline fueled vehicles.
D. Pollutants emitted by gasoline-fueled vehicles are not the most critical source of urban air pollution.

[填空题]Anyone who has followed recent historical literature can testify to the revolution that is taking place in historical studies that currently fashionable subjects come directly from the sociology catalog: childhood, work, leisure. The new subjects are accompanied by new methods. Where history once was primarily narrative, it is now entirely analytic. The old questions "What happened" and "How did it happen" have given way to the question "Why did it happen" 46) Prominent among the methods used to answer the question "Why" is psychoanalysis, and its use has given rise to psychohistory.   Psychohistory does not merely use psychological explanations in historical contexts. Historians have always used such explanations when they were appropriate and when there was sufficient evidence for them. But this practical use of psychology is not what psychohistorians intend. They are committed, not just to psychology in general, but to Freudian psychoanalysis. This commitment prevents a commitment
[单项选择]
In recent speeches at Republican fundraisers, President Bush has taken to criticizing the press for baring government secrets.
The outgoing secretary of the Treasury, John Snow, in what may have been his last official act, wrote to The New York Times that in exposing the monitoring of bank transfers, it had undermined a successful counterterrorism program.
A house resolution, passed by a party line vote, called on the media to safeguard classified programs.
The government has discovered what governments have discovered before, that an undercurrent of hostility towards the news media runs through the country and that there could be political advantage in campaigning against the press in general.
The champion press hater, of course, was President Nixon, who told his staff that the press is the enemy, and he proceeded to declare his own priv
A. President Bush.
B. John Snow.
C. President Nixon.
D. Pat Buchanan.
[单项选择] In recent decades child specialists have tried more and more to help parents with their children’’s school behavior. Schools of education 【B1】 tended to emphasize subject matter 【B2】 what the children are being taught, but attention increasingly is being paid to the children themselves. One area 【B3】 emphasized is the matter of a 【B4】 developmental or "maturity" level--that is, the child’’s 【B5】 of readiness for starting school. Research demonstrated that a major 【B6】 of children who fail in school 【B7】 primarily because of their immaturity and their unreadiness for the work of the 【B8】 that law designates: age five for kindergarten, age six for first grade. Common sense 【B9】 us that not all five-year-olds have reached 【B10】 average level of performance expected 【B11】 age five. Thus many five-year-olds fail in kindergarten and six-year-olds fail in first grade 【B12】 because of a "learning disability" or "attention deficit disorder" but simply beca
A. past
B. late
C. ago
D. once
[填空题]With the recent rapid advances in information technologies, educational researchers at every level and in every (36) have developed new methods, tools, and (37) for instruction. Their general purpose is to make the educational process — teaching and learning sound much more scientific and modem. As the Internet, email and (38) have already become parts of most college students’ lives and studies nowadays; (39) these new information technologies to engineering and science instruction is a great (40) for teachers and researchers. Although the effectiveness and (41) of new information technologies on education m not yet well comprehended and (42) , the promises and (43) they hold for improving education are exciting. For example, (44) . By the networks, teaching and learning are no longer confined to the classrooms.
Students at home and in work places can have access to learning material at any time,

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