更多"Capital budgeting involves the comp"的相关试题:
[简答题] Capital asset pricing model (CAPM)
[单项选择]A basic assumption of the capital asset pricing model (CAPM) is that there are no transaction costs. If this assumption is relaxed, which of the following would be the least likely to occur（）
A. Diversification benefits will be realized up to the point that they offset transactions costs.
B. Each investor can have a unique view of a security market line.
C. Investors will not correct all mispricing.
[单项选择]The cost of equity using the capital asset pricing model (CAPM) approach and the discounted cash flow approach is: CAPM Discounted Cash Flow（）①A. 16.0% 16.0% ②B. 16.0% 15.4% ③C. 16.6% 15.4%
A. ①
B. ②
C. ③
[多项选择]Ernest intends to sell a capital asset on 1 February 2013 and wishes to maximise his after tax sales proceeds He is
also seeking advice on his inheritance tax position and on his will.
The following information has been obtained from a telephone conversation with Ernest and from client files.
Ernest:
- Is 54 years old and unmarried.
- Lives with Georgina, who is 48 years old, and her adult daughter, Eileen.
- Earns a salary of ￡130,000 per year.
- Has as yet made no disposals of capital assets in the tax year 2012/13.
- Intends to sell either an oil painting or 7,700 shares in Neutron Ltd on 1 February 2013
Oil painting:
- Ernest inherited the painting on the death of his uncle on 1 May 2007 when it was worth ￡23,300.
- Ernest’s uncle purchased the painting on 1 July 1993 for ￡19,500.
- The painting is expected to be worth ￡47,000 on 1 February 2013.
Shares in Neutron Ltd:
A. 400,000
B. 60,000
C. Investmentproperty
D. 380,000
E. -
F. Sharesin Neutron Ltd
G. 127,875
H. -
I. (a) Prepare calculations of the after tax sales proceeds that would be realised on the proposed sale of the
J. painting and on the proposed sale of the shares on 1 February 2013.
K. Note: you should assume that Ernest will make any necessary beneficial claims or elections.
L. (b) Prepare brief notes explaining the inheritance tax liabilities that will arise on the deaths of Ernest and
M. Georgina if no action is taken to reduce such liabilities; identify any actions that could be taken in order to
N. reduce these liabilities and explain the inheritance tax and capital gains tax implications of these actions.
O. Note: you are not required to prepare calculations for part (b) of this question. Assume that the tax rules and rates for 2011/12 continue to apply in subsequent years.
[单项选择]According to capital asset pricing model( CAPM), if an investor holds a portfolio that lies on the capital market line(CML) to the right of the market portfolio, that investor should expect that his portfolio will:（）
A. earn less return than on the market portfolio.
B. earn more return than on the market portfolio.
C. have less systematic risk than the market portfolio.
[判断题]Capital budgeting analysis for investment projects in foreign countries tends to be more complex than analysis for domestic projects.
[简答题]资本预算(capital budgeting)
[判断题]Many decisions that result from capital budgeting decisions are irreversible.
[填空题]
Budgeting
A Budgeting in a business sense is the planned allocation of available funds to each department within a company. Budgeting allows executives to control overspending in less productive areas and put more company assets into areas which generate significant income or good public relations. Budgeting is usually handled during meetings with accountants, financial experts and representatives from each department affected by the budgeting.
B In a personal financing sense, budgeting can mean estimating monthly living expenses based on previous bills and wages. If your monthly income is a steady $3000, for example, you can subtract all of your known monthly bills from that figure even before they arrive. Some bills can be estimated and subtracted from the original income figure. The remaining balance after fixed expenses now becomes your household budget. Instead of assigning dol
[单项选择]Being a OEO involves
A. working by oneself.
B. talking with the board.
C. working with other CEOs
[单项选择]Being a manager involves
A. working with other managers.
B. talking with the board.
C. working by onesel
[单项选择]Being a CEO involves
A. working by oneself.
B. talking with the board.
C. working with other CEOs.
[填空题]
A
Benchmarking involves establishing minimum standards of performance and quality, based on identifying the best method and practice followed in other organisations. These standards can then be used as yardsticks to measure the organisation’s current costs, production, management and customer focus, and identify areas where they fall short of norms. According to its supporters, benchmarking raises awareness of innovations and best practice, thus helping all companies taking part in benchmarking exercises to increase their competitiveness: by imitating best practice they may be able to reduce their costs or improve their customer service.
B
There are a number of approaches to benchmarking. Typically, exercises are carried out by companies working within the same field or sector, as in the International Motor Vehicle Programme. Between 1985 and 1990 this brought together car manufacturers from Europe, the USA and Japan with the
