[单项选择]Using the following assumptions, calculate the rate of return on a margin transaction for an investor who purchases the stock and the stock price at which the investor who shorts the stock will receive a margin call. Market Price Per Share: $25 Number of Shares Purchased: 1000 Holding Period: 1 year Ending Share Price: $22 Initial Margin Requirement: 50% Maintenance margin: 25% Transaction and borrowing costs: $0 The company pays no dividends What of the following choices is closest to the correct answer The margin transaction return and margin call are: Margin Transaction Return Margin Call（）①A. -24.00% $16.67 ②B. -12.00% $16.67 ③C. -24.00% $30.00
A. ①
B. ②
C. ③

[单项选择]Using the following assumptions, calculate the rate of return on a margin transaction for an investor who purchases the stock and the stock price at which the investor who shorts the stock will receive a margin call. Market Price Per Share: $ 32 Number of Shares Purchased: 1000 Holding Period: 1 year Ending Share Price: $ 34 Initial Margin Requirement: 40% Maintenance margin: 25% Transaction and borrowing costs: $ 0 The company pays no dividends What of the following choices is closest to the correct answer Margin Return Margin Call Pric（）①A. 15.6% $17.07 ②B. 6.3% $17.07 ③C. 15.6% $35.80
A. ①
B. ②
C. ③

[单项选择]Use the following information to calculate cash flows from operations using the indirect method. Net Income $12000 Depreciation Expense 1000 Loss on sale of machinery 500 Increase in Accounts Receivable 2000 Decrease in Accounts Payable 1500 Increase in Income taxes payable 500 Repayment of Bonds 3000

[单项选择]Study the following information, calculate the return on equity. The asset turnover (S/A) is 2.5. A leverage multiplier (A/E) is 1.2. An interest expense ratio (L/A) is 0.08. A tax retention rate (1-t) is 0.6. Pre-interest profit margin (EBIT/S) is 20 percent.（）
A. 30%.
B. 32%.
C. 34%.

[单项选择]Calculate the change in cash from the following items: Decrease in inventory $ 10 million Net income $ 60 million Repayment of long-term debt $ 20 million Increase in accounts receivable $15 million Purchase of new machinery $ 75 million Depreciation expense $15 million Sale of common stock $ 40 million Dividend expense $10 million（）①A. + $ 30 million. ②B. $ 30 million. ③C. + $ 5 million.
A. ①
B. ②
C. ③

[单项选择]Which of the following about a company using the percentage of completion accounting method for long-term contracts, compared to company that uses the completed contract method is FALSE（）
A. Actual cash flow will be greater in the first year.
B. Equity will be higher in the first year.
C. Earnings will be the same over the life of the contract.

[单项选择]Popular ideological assumptions about society change with the decades, as well as with the enlargement of knowledge. The analysis of the human genetic code published last week demonstrates that humans, genetically speaking, axe only twice as complicated as the fruit fly, and among them- selves share 99.9 percent of their genes.
Culture and nurture count in making us what we turn out to be, although that will perhaps come as no great surprise to those outside the close world of academic theory.
This part of the rediscovery of the wheel, since before positivism largely took over the social sciences in American universities in the 1950s, it was generally assumed by professors. As well as laymen, that culture had a great deal to do with how material civilization developed. Transcendentalist philosophers thought schooling and rigorous book learning put unnatural restraints on children:" We are shut up in schools and college recitation rooms for 10 or 15 years and come out at l
A. They were equally complicated in terms of gene.
B. Humans were much more genetically complicated than the fruit fly, genetically speaking.
C. Humans were twice as complicated as the fruit fly in gene.
D. The fruit fly was less stably than humans in the structure of genes.

[单项选择]