推 aidsnichael :靠 錯好多 04/16 22:43
課程名稱︰財務管理
課程性質︰國企系必修
課程教師︰郭震坤
開課學院：管理學院
開課系所︰國企系
考試日期（年月日）︰2009.04.16
考試時限（分鐘）：180分鐘
是否需發放獎勵金：是
（如未明確表示，則不予發放）
試題 :
一、選擇題
1.The person generally directly responsible for overseeing the tax
management, cost accounting, financial accounting, and data processing
functions is the:
a.treasurer
b.director
c.controller
d.chairman of the board
e.chief executive officer
2.A stakeholder is:
a.any person or entity that owns shares of stock of a corporation.
b.any person or entithy that has voting rights based on stock ownership
of a corporation.
c.a person who initially started a firm and currently has management
control over the cash flows of the firm due to his/her current
ownership of company stock.
d.a creditor to whom the firm currently owes money and who consequently
has a claim on the cash flows of the firm.
e.any person or entity other than a stockholder or creditor who
potentially has a claim on the cash flows of the firm.
3.Which type of business organization has all the respective rights and
privileges of a legal person?
a.sole proprietorship
b.general partnership
c.limited partnership
d.corporation
e.limited liability company
4.Net working capital is defined as:
a.total liabilities minus shareholder's equity.
b.current liabilities minus shareholder's equity.
c.fixed assets minus long-term liabilities.
d.total assets minus total liabilities.
e.current assets minus current liabilities.
5.Which one of the following statements concerning liquidity is correct?
a.If you can sell an asset today, it is a liquid asset.
b.If you can sell an asset within the next twelve months it is
considered highly liquid.
c.Inventory is more liquid than accounts receivable.
d.Balance sheet accounts are listed in order of ascending liquidity.
e.An asset must be sellable quickly at full value to be considered
liquid.
6.Shareholder's equity:
a.increases anytime total assets increases.
b.is equal to total assets plus total liabilities.
c.decreases whenever new shares of stock are issued.
d.includes long-term debt, preferred stock, and common stock.
e.represents the residual value of a firm.
7.A common-size statement is an accounting statement that expresses all
of a firm's expenses as a percentage of:
a.total assets.
b.total equity.
c.net income.
d.taxable income.
e.sales.
8.The sum of the long-term debt plus the total equity of a firm is
frequently referred to as the firm's:
a.total assets.
b.total capitalization.
c.total financing.
d.debt-equity consolidation.
e.debt-equity ratio.
9.Ratios that measure how efficiently a firm manages its assets and
operations to generate net income are referred to as _____ ratios.
a.asset management.
b.long-term solvency.
c.short-term solvency.
d.profitability.
e.turnover.
10.The form of bond issue in which the registrar of the company records
ownership of each bond, with relevant payments made directly to the
owner of record, is called the _____ form.
a.new-issue.
b.registered.
c.bearer.
d.debenture.
e.collateral.
11.A bond which, at the election of the holder, can be swapped for a fixed
number of shares of common stock at any time prior to the bond's
maturity is called a _____ bond.
a.zero coupon.
b.callable.
c.putable.
d.convertible.
e.warrant.
12.The annual coupon payment of a bond divided by its market price is
called the:
a.coupon rate.
b.current yield.
c.yield to maturity.
d.bid-ask spread.
e.capital gains yield.
13.Interest rates of rates of return on investments that have been adjusted
for the effects of inflation are called _____ rates.
a.real.
b.nominal.
c.effective.
d.stripped.
e.coupon.
14.All else constant, a bond will sell at _____ when the yield to maturity
is _____ the coupon rate.
a.a premium; higher than.
b.a premium; equal to.
c.at par; higher than.
d.at par; less than.
e.a discount; higher than.
15.The market price of a bond is equal to the present value of the:
a.face value minus the present value of the annuity payments.
b.annuity payments plus the future value of the face amount.
c.face value plus the present value of the annuity payments.
d.face value plus the future value of the annuity payments.
e.annuity payments minus the face value of the bond.
二、計算題
1.The zero coupon bonds of Cold Pak Transport have a market price of
$460.23, a face value of $1,000, and a yield to maturity of 8.42
percent. How many years is it until these bonds mature?
2.The semiannual, 12-year bonds of Tracey United are selling at par
and have an effective annual yield of 4.6529 percent. What is the
amount of each interest payment if the face value of the bonds is
$1,000?
3.A zero coupon bond with a face value of $1,000 is issued with an
initial price of $387.5. The bond matures in 30 years. What is the
implicit interest, in dollars, for the first year of the bond's life?
4.Christie adds $2,000 to her savings account on the first day of each
year. Todd adds $2,000 to his savings account on the last day of each
year. They both earn a 7 percent rate of return. What is the difference
in their savings account balances at the end of 25 years?
5.Marie needs $26,000 as a down payment for a house 4 years from now.
She earns 5.25 percent on her savings. Marie can either deposit one
lump sum today for this purpose or she can wait a year and deposit a
lump sum. How much additional money must Marie deposit if she waits
for one year rather than making the deposit today?
6.Suppose you retire at age 60. You expect to live 10 more years and
to spend NT$500,000 a year during your retirement. How much money do
you need to save by age 60 to support this consumption plan? Assume
an interest rate of 5%.
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