更多"[单选题]The cost of capital for a new "的相关试题:
[单选题]A company's weighted average cost of capital:
A. is equivalent to the aftertax cost of the outstanding liabilities.
B. should be used as the required return when analyzing any new project.
C. is the return investors require on the total assets of the firm.
D. remains constant when the debt-equity ratio changes.
E. is unaffected by changes in corporate tax rates.
Difficulty: 1 Easy
Topic: Weighted average cost of capital
Learning Objective: 14-03 Determine a firm's overall cost of capital and how to use it to value a company.
[单选题]A company's current cost of capital is based on:
A. only the return required by the company's current shareholders.
B. the current market rate of return on equity shares.
C. the weighted costs of all future funding sources.
D. both the returns currently required by its debtholders and stockholders.
E. the company's original debt-equity ratio.
Difficulty: 1 Easy
Topic: Cost of capital - general
Learning Objective: 14-03 Determine a firm's overall cost of capital and how to use it to value a company.
[单选题]A project has an initial cost of $31,800 and a market value of $29,600. What is the difference between these two values called?
A. Net present value
B. Accounting return
C. Payback value
D. Profitability index
E. Discounted payback
Difficulty: 1 Easy
Topic: Net present value
Learning Objective: 09-01 Show the reasons why the net present value criterion is the best way to evaluate proposed investments.
[单选题]A project's cash flow is equal to the project's operating cash flow:
A. plus the project's depreciation expense minus both the project's taxes and capital spending.
B. minus both the project's change in net working capital and capital spending.
C. minus the project's change in net working capital plus all of the depreciation expenses.
D. plus the project's depreciation expenses minus the project's taxes.
E. minus the project's taxes.
Difficulty: 1 Easy
Topic: Cash flows
Learning Objective: 10-01 Determine the relevant cash flows for a proposed project.
[单选题]Net working capital:
A. can be ignored in project analysis because any expenditure is normally recouped at the end of the project.
B. requirements, such as an increase in accounts receivable, create a cash inflow at the beginning of a project.
C. is rarely affected when a new product is introduced.
D. can create either an initial cash inflow or outflow.
E. is the only expenditure where at least a partial recovery can be made at the end of a project.
Difficulty: 1 Easy
Topic: Cash flows
Learning Objective: 10-01 Determine the relevant cash flows for a proposed project.
[单选题] Capital market trading occurs in
A. the primary market.
B. the secondary market.
C. both A and B of the above.
D. none of the above.
[单选题]Working capital management decisions include determining:
A. the minimum level of cash to be kept in a checking account.
B. the best method of producing a product.
C. the number of employees needed to work during a particular shift.
D. when to replace obsolete equipment.
E. if a competitor should be acquired.
Difficulty: 1 Easy
Topic: Financial management decisions
Learning Objective: 01-01 Define the basic types of financial management decisions and the role of the financial manager.
[单选题]Capital structure decisions include determining:
A. which one of two projects to accept.
B. how to allocate investment funds to multiple projects.
C. the amount of funds needed to finance customer purchases of a new product.
D. how much debt should be assumed to fund a project.
E. how much inventory will be needed to support a project.
Difficulty: 1 Easy
[单选题]3.Capital inflows:
A.A.refer to an increase in foreign assets in the nation
B.B.refer to a reduction in the nation's assets abroad
C.C.lead to a payment from foreigners
D.D.all of the above
[单选题] The riskiest capital market security is
A. preferred stock.
B. common stock.
C. corporate bonds.
D. Treasury bonds.
[单选题] Venture capital firms are usually organized as ________.
A. closed-end mutual funds
B. limited partnerships
C. corporations
D. nonprofit businesses
[单选题] Capital appreciation funds select stocks of ________ and tend to be ________ risky than total return funds.
A. large, established companies that pay dividends regularly; more
B. large, established companies that pay dividends regularly; less
C. companies expected to grow rapidly; more
D. companies expected to grow rapidly; less
[单选题] The largest purchasers of capital market securities are
A. households.
B. corporations.
C. governments.
D. central banks.
[单选题] Corporations may enter the capital markets because
A. they do not have sufficient capital to fund their investment opportunities.
B. they want to preserve their capital to protect against expected needs.
C. it is required by the Securities and Exchange Commission (SEC..
D. none of the above.
[单选题] Compared to money market securities, capital market securities have
A. more liquidity.
B. longer maturities.
C. lower yields.
D. less risk.
[简答题] Capital market securities are less liquid and have longer maturities than money market securities.
[简答题] The primary issuers of capital market securities are local governments and corporations.
