[单项选择]

W：With the company in such financial difficulties, I wonder what will happen to the president．
M：Haven’t you heard The board of directors has asked for his resignation．

What happened to the president of the company（）
A. He was fired.
B. His salary was reduced.
C. He was demoted.
D. Nothing happened to him.

[填空题](take)（）the financial difficulties into consideration, we’d better put off the plan till next year.

[单项选择]

VMI, an international financial services company based in Spain, is holding its own first international conference later this year, and the budget is $2, 000 per participant. Since this is an important event, the Marketing Department must plan it carefully. The place they choose must have:
An international airport not far from the hotel
One large conference room
Fore" or more seminar (讨论会) rooms
A choice of activities outside the main conference programme
Now they have four hotels to choose from. All prices include the cost of flight.
1) Long Beach Hotel, Australia
Seaside location
5-star hotel
Two large conference rooms but no seminar rooms
Large swimming pool, tropical garden, shops and nightclub
Price: $1,500 per participant, including meals and all entertainment at the hotel
Advantage: very attractive beach
Disadvantage: few cultural attractions

A. One of the four selected hotels.
B. VMI’s international services.
C. An international travel agency.
D. The marketing Department of VIM.

[填空题](Take) ______ the financial difficulties into consideration, we decided to put off this plan.

[填空题]______ (take) the financial difficulties into consideration, the plan seems to the impractical.

[单项选择]The financial manager at Genesis Company is looking into the purchase of an apartment complex for $ 550000. Net after-tax cash flows are expected to be $ 65000 for each of the next five years, then drop to $ 50000 for four years. Genesis’ required rate of return is 9 percent on projects of this nature. After nine years, Genesis Company expects to sell the property for after-tax proceeds of $ 300000. What is the internal rate of return (IRR) and net present value (NPV) on this project IRR NPV （） ①A. 6.66% -$ 64170 ②B. 7.01% -$ 53765 ③C. 8.09% -$ 21535
A. ①
B. ②
C. ③

[单项选择]Bentlom Company’ s common sized financial statements show the following information: Earnings after taxes 15 % Current liabilities 20% Equity 45 % Sales $ 800 Cash 10% Total assets $ 2000 Accounts receivable 15% Inventory 20% Bentlom’ s long-term debt-to-equity ratio and current ratio are closest to. Long-term debt-to-equity ratio Current ratio（）①A. 77.8 % 2.25 ②B. 98.2% 2.50 ③C. 98.2% 2.25
A. ①
B. ②
C. ③

[单项选择]His ignorance of the company’S financial situation results in his failure to take effective measures．
A. 他对公司的财务状况毫不理会，自以为措施有效，以致失当。
B. 他对公司的财务状况一无所知，结果未能采取有效措施。
C. 他采取的措施无效，使得公司的经营状况更加恶化。
D. 他不了解公司的金融状况，结果采取的措施失败了。

[单项选择]A company’ s financial statements show the following data for the latest year: Net sales $1250 Cost of goods sold 650 Increase in inventory 100 Decrease in MR 25 Increase in A/P 50 Cash interest paid 45 Dividends paid 25 Cash interest received 20 Sale of common stock 275 Retirement of long-term debt 125 Purchase of equipment 120 Income tax oaid 50 The company’ s cash flow from operations (CFO) and cash flow from financing (CFF) are closest to : CFO CFF（）① A. $500 $425 ②B. $500 $125 ③ $650 -$425
A. ①
B. ②
C. ③

[填空题]His ignorance of the company’s financial situation _________________________ (导致未能采取有效措施).