Financial management [3]

1. According to the time and times of collection and payment , Annuities are generally divided into

A. Perpetual annuity
B. Prepaid annuity
C. One time annuity
D. Ordinary annuity
E. Deferred annuity

2. The discount method of investment decision includes ()

A. Present value index method
B. Payback period method
C. Net present value method
D. Internal rate of return method

3. The correct expression of the investment purpose of the enterprise has

A. Reduce investment risk
B. Reduce the cost of investment
C. Maximize enterprise value
D. Get investment income

4. The ways of raising sovereign capital are （）.

A. finance lease
B. Absorb direct investment
C. Issue bonds
D. Issuance of preferred shares

5. Among the following indicators , The value of money is not considered

A. Operating cash flow
B. net present value
C. Average rate of return
D. Payback period

6. The characteristics of stock investment are

A. The risk is small
B. Low expected returns
C. price steadiness
D. Expect high returns
E. It's a big risk

7. The ways of raising self owned funds of enterprises include

A. Pool financing
B. Issue bonds
C. Absorb direct investment
D. Issue of shares

8. The time value rate of money refers to the deduction of （） The average rate of return after .

A. Default risk allowance
B. Inflation discount
C. Risk reward
D. Liquidity risk supplement
E. lending rate

9. In a complete industrial investment project , At the end of the operating period （ endpoints ） Net cash flows incurred include （）.

A. Recovery of working capital
B. Recover the residual value of fixed assets
C. Original investment
D. Net operating cash flow at the end of the operating period

10. The known base interest rate is 5％, The interest rate on Treasury bills is 4％, The following statement is true

A. It can be judged that there is no inflation at present
B. It is impossible to judge whether there is inflation
C. It can be judged that there is inflation at present , But we can't judge the size of the inflation subsidy rate
D. It can be judged that there is inflation at present , And the inflation subsidy rate is 1％

11. If the current ratio is greater than 1, Then the following conclusion is true ()

A. The short-term solvency is guaranteed
B. The cash ratio is greater than 1
C. The quick ratio is greater than 1
D. Working capital is greater than zero

12. When calculating the cost of capital , What has the effect of tax deduction is

A. common stock
B. Retained earnings
C. Bank loans
D. Preferred stock

13. The consecutive years for which the profit before tax makes up for the losses of previous years shall not exceed （）.

A.3 year
B.5 year
C.10 year
D.1 year

14. The enterprise produces and sells product a this year , The estimated sales volume is 1000 Pieces of , The unit price 10 element , Unit variable cost 6 element , fixed cost 2000 element . requirement ：① Calculate the sales unit price without loss ;② Calculate if advertising costs increase 1500 element , Sales increased accordingly 50%, Whether the plan is feasible .

A. The sales unit price without loss is 9 element / Pieces of ; If advertising expenses increase 1500 element , Sales increased accordingly 50%, The plan is feasible .
B. The sales unit price without loss is 7 element / Pieces of ; If advertising expenses increase 1500 element , Sales increased accordingly 50%, The plan is feasible .
C. The sales unit price without loss is 8 element / Pieces of ; If advertising expenses increase 1500 element , Sales increased accordingly 50%, The plan is feasible .
D. The sales unit price without loss is 8 element / Pieces of ; If advertising expenses increase 1500 element , Sales increased accordingly 50%, The plan is not feasible .

15. If the operating state of an enterprise is at the critical point of profit and loss , What is wrong in the following statement is

A. On the basis of the critical point of profit and loss , Increase sales , The sales revenue exceeds the total cost
B. The intersection of the sales revenue line and the total cost line , That is, the critical point of profit and loss
C. At this time, the sales profit margin is greater than zero
D. At the critical point of profit and loss , The sales revenue is equal to the total cost

16. Under the compound interest method , The factors affecting the size of compound interest mainly include (). Please proceed from the following （1）-（4） Choose the complete options that match the meaning of the question ：（1

A.（2）、（3）、（4）
B.（1）、（2）、（4）
C.（1）、（2）、（3）
D.（1）、（2）、（3）、（4）

17. When evaluating a single independent investment project , The indicators that may conflict with the evaluation conclusion of NPV indicators are

A. Internal rate of return
B. Net present value rate
C. Static payback period
D. Profit index

18. Enterprises absorb individual funds of residents , The financing methods that can be adopted are (). Please select the following （1）-（4） All the options that match the meaning of the question ：（1

A.(1)、（2）、（3）
B.（2）、（4）
C.（2）、（3）、（4）
D.（1）、（2）、（4）

19. If the rate of return is included in an investment plan as an evaluation index , The requirement to ensure the feasibility of the investment scheme is the internal rate of return (). Please proceed from the following （1）-（4） Choose the complete choice that matches the meaning of the question ：（1

A.（1）、（2）
B.（2）、（4）
C.（1）、（2）、（3）、（4）
D.（2）、（3）、（4）

20. The impact of debt capital on capital structure is (). Please select the following （1）-（4） All the options that match the meaning of the question ：（1

A.（2）、（3）、（4）
B.（1）、（2）、（4）
C.（3）、（4）
D.(1)、（2）、（3）

21. According to the general principles of corporate governance , The management subject of major financial decisions is

A. Board of directors
B. Financial Manager
C. Board of supervisors
D. Financial Accountants

22. The wage payment policy of workers in a garment factory is ： Fixed monthly salary 600 element , Pay for each piece of clothing processed 10 element . This month, a worker processed 200 Clothes , How much salary should the garment factory pay ？()

A.4500 element
B.3600 element
C.2600 element
D.2800 element

23. Part of the data in the year-end accounting statements of a company is ： Current liabilities 60 Ten thousand yuan , The current ratio is 2, The quick ratio is 1.2, Operating cost 100 Ten thousand yuan , Inventory at the beginning of the year 52 Ten thousand yuan , Then the number of inventory turnover in this year is () Time .

A.2
B.1.65
C.2.3
D.1.45

24. The following （） Can raise short-term funds for the company .

A. finance lease
B. Commercial credit
C. Issue of shares
D. Internal accumulation

25. The equity funds that listed companies in China cannot use to pay dividends are ().

A. Statutory surplus reserve
B. Capital reserve
C. Discretionary surplus reserve
D. Undistributed profit of last year

26. The registered capital consists of equal shares and is raised by issuing shares

A. limited company
B. joint venture
C. Sole proprietorship
D. Partnership enterprise

27. It refers to when the company arranges the amount of current assets , On the basis of normal operating requirements and normal insurance reserves , Plus some extra reserves , In order to reduce the risk of the company .

A. Radical （ Adventurous ） Financing policy
B. Robust （ Conservative type ） Financing policy
C. adventure （ radical ） Our investment policy
D. loose （ steady ） Our investment policy

28. Among the following options, matters that will not affect the stability of cash flow may include

A. One time repayment of principal and interest when due
B. Both purchase and sales are booming
C. Payment for goods in peak season
D. Centralized payment of investment funds

29. The capital cost of common stock is higher than that of debt , The main reason is (). Please select the following （1）-（4） All the options that match the meaning of the question ：（1

A.（1）、（3）
B.(1)、（2）、（3）
C.（2）、（3）、（4）
D.（2）、（4）

30. The following statement is correct

A. The marginal cost of capital is not calculated by the weighted average method
B. An enterprise cannot raise unlimited funds at a fixed capital cost , When the funds it raises exceed a certain limit , The original cost of capital will increase
C. The marginal cost of capital is the weighted average cost of additional funding
D. When an enterprise reduces its capital size , There is no need to consider the marginal cost of capital
E. When all kinds of long-term funds raised by enterprises increase in the same proportion , The cost of capital should remain constant

31. The discount method of investment decision includes

A. Present value index method
B. Internal rate of return method
C. Payback period method
D. Average rate of return method
E. Net present value method

32. The factors that encourage investors to invest in long-term securities are

A. Poor risk tolerance
B. Long term use of funds
C. The purpose of investment is to obtain stable income
D. Excellent investment skills
E. Strong risk tolerance

33. In bond valuation , The factors that affect the intrinsic value of bonds are

A. Face value of bonds
B. The interest rate of the bond
C. Market interest rate
D. The interest calculation method of bonds
E. The price of the bond

34. The asset liability ratio is also called the debt operation ratio , What is the correct evaluation of it

A. From the creditor's point of view , The bigger the debt ratio, the better
B. From the creditor's point of view , The smaller the debt ratio, the better
C. From the perspective of shareholders , When the total capital profit rate is higher than the debt interest rate , The higher the debt ratio, the better
D. From the perspective of shareholders , The bigger the debt ratio, the better

35. Project investment decision , The costs that need not be considered in the analysis and evaluation include （）.

A. Book cost
B. Opportunity cost
C. Sunk cost
D. Replacement cost

36. The total inventory cost is mainly composed of the following aspects （）.

A. Shortage costs
B. Storage costs
C. Selling cost
D. purchasing cost

37. The correct expression of the present value index is

A. It is conducive to the comparison between investment schemes with different initial investment amount
B. Considering the time value of money
C. It is a relative number
D. It is the ratio of the total present value of the future return of the investment project to the present value of the initial investment

38. The formulas that can calculate the annual net cash flow are

A. After tax profits + depreciation
B. After tax profits -- depreciation
C. Annual operating income -- Cash cost -- Income tax
D. Annual operating income -- cost -- Income tax
E. Annual operating income -- Cash cost + Income tax

39. The following statements about capital , The right is

A. Capital is sovereign capital
B. Capital fittings are profitable
C. According to the current system , When the enterprise is established, the capital should be raised at one time
D. It is necessary to register with the administrative department for Industry and commerce , Do not add... At will 、 Reduce

40. Unit variable cost of a product 10 element , Planned sales 1000 Pieces of , The selling price per piece 15 element , To make a profit 800 element , The fixed cost should be controlled within

A.4800 element
B.5800 element
C.4200 element
D.5000 element

41. It refers to when the company arranges the amount of current assets , On the basis of normal operating requirements and normal insurance reserves , Plus some extra reserves , In order to reduce the risk of the company .

A. adventure （ radical ） Our investment policy
B. loose （ steady ） Our investment policy
C. Radical （ Adventurous ） Financing policy
D. Robust （ Conservative type ） Financing policy

42. The enterprise produces and sells product a this year , The estimated sales volume is 1000 Pieces of , The unit price 10 element , Unit variable cost 6 element , fixed cost 2000 element . requirement ：① Calculate the sales unit price without loss ;② Calculate if advertising costs increase 1500 element , Sales increased accordingly 50%, Whether the plan is feasible .

A. The sales unit price without loss is 8 element / Pieces of ; If advertising expenses increase 1500 element , Sales increased accordingly 50%, The plan is feasible .
B. The sales unit price without loss is 9 element / Pieces of ; If advertising expenses increase 1500 element , Sales increased accordingly 50%, The plan is feasible .
C. The sales unit price without loss is 7 element / Pieces of ; If advertising expenses increase 1500 element , Sales increased accordingly 50%, The plan is feasible .
D. The sales unit price without loss is 8 element / Pieces of ; If advertising expenses increase 1500 element , Sales increased accordingly 50%, The plan is not feasible .

43.() It is an important symbol of whether the financial structure of an enterprise is stable or not .

A. Current ratio
B. Cash ratio
C. Asset-liability ratio
D. Equity ratio

44. In Finance , The best capital structure is ().

A. The target capital structure with the lowest weighted average cost of capital
B. Enterprise target capital structure
C. The capital structure of an enterprise when its profit is the largest
D. The weighted average cost of capital is the lowest 、 The company has the least risk 、 The most valuable capital structure of the company

45. Cash discount cost is a ().

A. Administration cost
B. Opportunity cost
C. Financing costs
D. Collection costs

46. The registered capital consists of equal shares and is raised by issuing shares （）.

A. merged company
B. Sole proprietorship
C. limited company
D. Joint venture

47. Part of the data in the year-end accounting statements of a company is ： Current liabilities 60 Ten thousand yuan , The current ratio is 2, The quick ratio is 1.2, Operating cost 100 Ten thousand yuan , Inventory at the beginning of the year 52 Ten thousand yuan , Then the number of inventory turnover in this year is () Time .

A.2
B.2.3
C.1.45
D.1.65

48. The weight in calculating the comprehensive cost of capital , Can choose (). Please select the following （1）-（4） All the options that match the meaning of the question ：（1

A.（1）、（3）、（4）
B.(1)、（2）、（3）
C.（2）、（3）、（4）
D.（3）、（4）

49. The capital cost of common stock is higher than that of debt , The main reason is (). Please select the following （1）-（4） All the options that match the meaning of the question ：（1

A.（1）、（3）
B.（2）、（4）
C.（2）、（3）、（4）
D.(1)、（2）、（3）

50. According to the general principles of corporate governance , The management subject of major financial decisions is

A. Board of supervisors
B. Financial Manager
C. Board of directors
D. Financial Accountants

51. A company issues a par value of 1000 Yuan bonds , Time limit 5 year , The coupon rate is 8%, If the market interest rate 9%, So the bonds are （） The above has no investment value .

A.950
B.955
C.961
D.965

52. Operating cash expenditure includes (). Please below （1）-（4） Choose all the options that match the meaning of the question ：（1

A.(1)、（2）、（3）、（4）
B.（2）、（4）
C.(1)、（2）、（3）
D.（3）、（4）

53. Among the following options, matters that will not affect the stability of cash flow may include

A. Centralized payment of investment funds
B. Both purchase and sales are booming
C. Payment for goods in peak season
D. One time repayment of principal and interest when due

54. The annual operating income of an investment scheme is 10000 element , The annual cash cost is 6000 element , The annual depreciation amount is 1000 element , The income tax rate is 33%, The annual operating cash flow of the scheme is （）.

A.2680
B.3010
C.4320
D.1680

55. At present, the dividend payment methods of Listed Companies in China mainly include (). Please below （1）-（4） Choose all the options that match the meaning of the question ：（1

A.（1）、（4）
B.(1)、（2）、（3）
C.（1）、（3）、（4）
D.（1）、（2）、（3）、（4）

56. An enterprise produces A product , Unit selling price 80 element , Unit variable cost 60 element , Unit fixed cost 20 element , Annual sales 3000 Pieces of . Sales are expected to increase next year 10%. Calculation required ： The principal guaranteed sales volume and principal guaranteed sales volume of the enterprise ;② Calculate the expected profit for the next year .

A. Breakeven sales 3000 Pieces of , Breakeven sales 250000 element ; Estimated annual profit 6000 element .
B. Breakeven sales 3000 Pieces of , Breakeven sales 240000 element ; Estimated annual profit 6000 element .
C. Breakeven sales 3000 Pieces of , Breakeven sales 240000 element ; Estimated annual profit 5000 element .
D. Breakeven sales 4000 Pieces of , Breakeven sales 240000 element ; Estimated annual profit 6000 element .

57. Suppose 10% Borrowing at an annual interest rate of 30000 element , Invest in a life span of 10

A.4882
B.5374
C.6000
D.3000

58. The equity funds that listed companies in China cannot use to pay dividends are ().

A. Capital reserve
B. Discretionary surplus reserve
C. Statutory surplus reserve
D. Undistributed profit of last year

59. The ways of raising sovereign capital are （）.

A. Issue bonds
B. Absorb direct investment
C. Issuance of preferred shares
D. finance lease

60. According to the capital asset pricing model , It can be seen that the influencing factors of the necessary rate of return of an asset are ()

A. The risk coefficient of the asset
B. Return on risk-free assets
C. Average market rate of return
D. Risk return rate

61. Portfolio investment can achieve the following purposes

A. The least risk
B. The yield must be , The risk is as minimal as possible
C. Certain risk , Yield as much as possible
D. The highest yield

62. The formulas that can calculate the annual net cash flow are

A. After tax profits － depreciation
B. After tax profits ＋ depreciation
C. Annual operating income － Cash cost ＋ Income tax
D. Annual operating income － Cash cost － Income tax

63. The financing channels of enterprises include （）.

A. Other corporate funds
B. Residents' personal funds
C. Funds retained by enterprises
D. State funds

64. Of the following , The characteristics of commercial credit are （）.

A. Easy to get
B. Short term
C. More restrictions on use
D. The cost is low

65. Annuity refers to the amount of money received or paid at the same time , Which of the following forms of annuity

A. Installment credit
B. Bonus
C. Pay pensions
D. insurance premium

66. Financial management objectives generally have the following characteristics

A. Hierarchy
B. Comprehensive
C. Relative stability
D. Diversity

67. The total rent of finance lease generally includes （）.

A. Rental fee
B. interest
C. Acquisition cost of equipment
D. Estimated residual value of equipment
E. depreciation

68. The correct expression of the investment purpose of the enterprise has

A. Maximize enterprise value
B. Reduce the cost of investment
C. Reduce investment risk
D. Get investment income

69. It is conducive to stabilizing the stock price , So as to establish a good image of the company , But what separates the payment of dividends from the surplus is （）.

A. Residual dividend policy
B. Ladder dividend policy
C. Fixed dividend policy
D. Fixed rate dividend policy

70. The factors influencing the weighted average cost of capital are (). Please select the following （1）-（4） All the options that match the meaning of the question ：（1

A.(1)、（2）、（3）
B.（1）、（2）
C.（2）、（3）、（4）
D.（3）、（4）

71. If the listed company adopts a reasonable income distribution policy , The effects that can be obtained are (). Please below （1）-（4） Choose all the options that match the meaning of the question ：（1

A.（1）、（2）、（4）
B.（3）、（4）
C.（1）、（2）、（3）、（4）
D.(1)、（2）、（3）

72. The factors affecting the financial leverage coefficient are (). Please select the following （1）-（4） All the options that match the meaning of the question ：（1

A.(1)、（2）、（3）
B.（1）、（3）、（4）
C.（3）、（4）
D.（1）、（2）、（4）

73. When the two securities are completely positively correlated , The resulting Portfolio ().

A. Can spread out all risks
B. Can appropriately spread risks
C. The risk is equal to the weighted average of the risks of individual securities
D. Cannot spread the risk

74. When calculating the cost of capital , The source of funds related to income tax is ().

A. Retained earnings
B. Bank loans
C. Preferred stock
D. common stock

75. Assume that the risk coefficient of an investment is 1, The risk-free rate of return is 10%, The average market rate of return is 20%, The necessary rate of return is ().

A.30%
B.25%
C.15%
D.20%

76.ABC The company issues bonds , Face value 1000 element , The coupon rate 10%, Time limit 10 year .（1） If the bond pays interest once a year , To repay a principal at maturity . When the market interest rate is 9% when , How much should the bond be priced ？（2） If the bond pays interest once a year , To repay a principal at maturity . When the market interest rate is 12% when , How much should the bond be priced ？（3） If the bond is due to repay the principal and interest in a lump sum , When the market interest rate 9% when , How much should the bond be priced ？( element

A.（1）1064.2 element ;（2）887 element ;（3）802.6 element
B.（1）1060.2 element ;（2）887 element ;（3）800.6 element
C.（1）1062.2 element ;（2）857 element ;（3）802.6 element
D.（1）1063.2 element ;（2）877 element ;（3）800.6 element

77.() The indicator is the most comprehensive financial ratio , It is also the core of DuPont analysis system .

A. Asset turnover
B. Return on equity
C. Equity multiplier
D. Operating profit margin

78. The cash outflow budget does not include （）.

A. Various out of pocket costs
B. Cash sales during the budget period
C. Accounts payable paid in the current period
D. Cash purchase of materials

79. According to different sources of funds, financing can be divided into （）.

A. On balance sheet financing and off balance sheet financing
B. Equity financing and debt financing
C. Direct financing and indirect financing
D. Internal financing and external financing

80. Among the following items that will affect the discount of interest bearing bills is (). Please below （1）-（4） Choose all the options that match the meaning of the question ：（1

A.（3）、（4）
B.(1)、（2）、（3）
C.（1）、（2）、（4）
D.(1)、（2）、（3）、（4）

81.ABC The company plans to invest in stocks , The company found two investment targets through research , Company a's current price per share 11 element , First year dividend 0.6 element , The annual growth rate in the future is 5%; The current price of company B is... Per share 11 element , First year dividend 1 element , It will be fixed every year in the future , The necessary rate of return on the company's investment 10%.（1） Excuse me, a 、 What is the value of company B's shares ？（2）ABC What is the company's reasonable stock investment strategy now ？

A.（1） The stock value of company a is 10 element ; The value of company B's shares 12 element .（2）ABC The company's reasonable stock investment strategy should be ： Buy a stock , sell （ Short ） B shares .
B.（1） The stock value of company a is 12 element ; The value of company B's shares 10 element .（2）ABC The company's reasonable stock investment strategy should be ： Buy a stock , sell （ Short ） B shares .
C.（1） The stock value of company a is 10 element ; The value of company B's shares 12 element .（2）ABC The company's reasonable stock investment strategy should be ： Buy B shares , sell （ Short ） A shares .
D.（1） The stock value of company a is 12 element ; The value of company B's shares 10 element .（2）ABC The company's reasonable stock investment strategy should be ： Buy B shares , sell （ Short ） A shares .

82. Only applicable to joint stock limited companies , And the financing mode that must take stocks as the carrier is （）.

A. Absorb direct investment
B. Issue of shares
C. finance lease
D. Issue bonds

83. The following （） You can raise your own funds for the company .

A. finance lease
B. Borrow money from a bank
C. Issue bonds
D. Internal accumulation

84. Under the condition that the basic conditions remain unchanged , The following economic operations may lead to a decline in the return on total assets is

A. Pay a sales fee with bank deposit
B. Conversion of convertible bonds into ordinary shares
C. Buy a piece of equipment with a bank deposit
D. Repay bank loans with bank deposits

85.ABC The company plans to purchase office buildings , There are three payment methods to choose from ,（1） Payment at the end of each year 900 Ten thousand yuan , continuity 10 year .（2） Pay now 3000 Ten thousand yuan , in the future 10 Payment at the end of each year 446 Ten thousand yuan .（3） Payment at the end of each year 2500 Ten thousand yuan , continuity 3 year . If the interest rate 8%, What kind of payment method should the enterprise adopt ？(

A.（1）、（2）
B.（1）、（3）
C.（2）
D.（2）、（3）

86. From the perspective of enterprises , The factors restricting dividend distribution are (). Please below （1）-（4） Choose all the options that match the meaning of the question ：（1

A.(1)、（2）、（3）
B.（1）、（2）、（3）、（4）
C.(2)、（3）、（4）
D.（1）、（2）、（4）

87. When the enterprise current ratio is greater than 1 when , Increasing working capital borrowing will make the current ratio ().

A. Not sure
B. Reduce
C. Improve
D. unchanged

88. The following are the out of stock costs

A. The loss of sales opportunities caused by the shortage of finished products
B. Compensation losses caused by shortage of finished products
C. Loss of reputation caused by shortage of finished products
D. Downtime loss caused by interruption of material supply

89. Project investment decision , The costs that need not be considered in the analysis and evaluation include （）.

A. Sunk cost
B. Replacement cost
C. Opportunity cost
D. Book cost

90. Among the following indicators , Considering the time value of money is （）.

A. Operating cash flow
B. net present value
C. Static payback period
D. Internal rate of return

91. The advantages of stock investment are

A. It's a big risk
B. Low expected returns
C. Expect high returns
D. The risk is small

92. In financial management , The indicators often used to measure the risk of a single investment are （）.

A. Coefficient of variation
B. Standard deviation
C. Risk return rate
D. Marginal cost

93. Of the following , The measures that may directly affect the indicators of return on net assets of enterprises are

A. Improve the current ratio
B. Improve the turnover rate of total assets
C. Improve the asset liability ratio
D. Increase the net operating interest rate

94. Among the following indicators , The larger the value, the better

A. net present value
B. Average rate of return
C. Payback period
D. Internal rate of return

95. The factors affecting the price change of the securities market mainly include

A. The government's macroeconomic policy
B. The political situation at home and abroad
C. Investors' personal preferences
D. The quality of listed companies

96. Securities investment income includes

A. Bond interest
B. Capital gains
C. The cost of securities
D. The maturity value of a security
E. dividend

97. The following statement is correct

A. When all kinds of long-term funds raised by enterprises increase in the same proportion , The cost of capital should remain constant
B. An enterprise cannot raise unlimited funds at a fixed capital cost , When the funds it raises exceed a certain limit , The original cost of capital will increase
C. When an enterprise reduces its capital size , There is no need to consider the marginal cost of capital
D. The marginal cost of capital is the weighted average cost of additional funding
E. The marginal cost of capital is not calculated by the weighted average method

98. Inventory turnover is the ratio of operating income to average inventory balance .

A. Yes
B. wrong

99. If the financial management personnel of the enterprise think that the current interest rate is low , The future is likely to rise , Will issue a large number of short-term bonds .

A. Yes
B. wrong

100. The right of shareholders to claim the remaining proceeds of common stock 、 prior claims 、 Right to vote 、 Stock transfer right .

A. Yes
B. wrong