问题 完形填空
完形填空
      After 21 years of marriage,   my wife wanted me to take another woman out to __1__.  She said,  
"I love you,   but I know this woman loves you too,   and she would love to spend some time with you. "
The other woman that my wife wanted me to visit was my mother,   who has been a widow for 19 years,  
but my work had made __2__ impossible to visit her often.  That night I called to __3__ her to go out for
dinner.  "What's wrong?Are you __4__?" she asked.  "I thought that it would be __5__ to spend some
time with you,   just the two of us,   " I answered.  She thought about it __6__,   and then agreed.  
     That Friday after work,   __7__ I drove to pick her up I was a bit nervous.  When I arrived at her
house,   I __8__ that she,   too,   seemed to be __9__ about our date.  She had curled her hair and was
wearing the dress that she had worn to   10   her last wedding anniversary.  
     We went to a restaurant that,     11   not the best,   was very nice and comfortable.  When I read the
menu,   I lifted my eyes and saw Mom sitting there    12   at me.  A nostalgic smile was   13   her lips.  
During the dinner,   we had a   14    conversation-nothing special but catching up on recent events of each
other's life.  
     A few days  15  ,   my mother died of a sudden heart attack.  It happened so suddenly that I didn't
hav e a chance to do   16   for her.  Some time later,   I received an envelope with a note  17   : "You
will never know what that night meant for me.  I'm looking forward to the    18   dinner.  I love you,  
son. "
      At the moment,   I understood the importance of saying in time: "I LOVE YOU".  Nothing in life is
more important than your  19   .  Give them the time they deserve,   because these things cannot be  20  
 till "some other time".  
( )1. A. dinner        
( )2. A. that          
( )3. A. force          
( )4. A. happy          
( )5. A. pleasant      
( )6. A. at a moment    
( )7. A. after          
( )8. A. noticed        
( )9. A. pleased        
( )10. A. congratulate  
( )11. A. though        
( )12. A. looking      
( )13. A. in            
( )14. A. pleasant      
( )15. A. after        
( )16. A. anything      
( )17. A. written      
( )18. A. first        
( )19. A. date          
( )20. A. put over      
B. movie          
B. this          
B. invite        
B. mad            
B. pleased        
B. for a moment  
B. until          
B. observed      
B. calm          
B. celebrate      
B. even          
B. seeing        
B. above          
B. curious        
B. before        
B. everything    
B. saying        
B. second        
B. mother        
B. put off        
C. party      
C. which      
C. order      
C. well      
C. glad      
C. for moment
C. as        
C. watched    
C. nervous    
C. memorize  
C. but        
C. smiling    
C. on        
C. deep      
C. later      
C. nothing    
C. telling    
C. last      
C. family    
C. cut off    
D. part            
D. it              
D. advise          
D. ill            
D. surprising      
D. a long time    
D. since          
D. heard          
D. easy            
D. honor          
D. yet            
D. staring        
D. beyond          
D. short          
D. ago            
D. something      
D. read            
D. next            
D. dinner          
D. picked up      
答案

1-5: ADBCA  6-10: BCACB  1-15: ADCAC   16-20: A BDCB

选择题
问答题

某企业本年末的资产负债表(简表)如下: (单位:百万元)

项目期末数项目期末数
流动资产合计


长期投资净额

固定资产合计
无形资产及其他资产


资产总计
240


3

65
12


320
短期借款
应付票据
预提费用
流动负债合计
长期负债合计
股本
资本公积
留存收益
股东权益合计
权益总计

46
18
25
7
96
32
90
35
67
192
320


根据历史资料考察,销售收入与流动资产、固定资产、应付票据、应付账款和预提费用等项目成正比,企业本年度销售收入400000万元,实现净利10000万元,支付股利6000万元,普通股3000万股,无优先股。
要求回答以下几个问题:
(1) 预计下年度销售收入500000万元,销售净利率提高10%,股利支付率与本年度相同。采用销售额比率法预测下年外部融资额。
(2) 假设其他条件不变,预计下年度销售净利率与本年相同,董事会提议提高股利支付率10%以稳定股价。如果可从外部融资2000万元,你认为是否可行
(3) 假设该公司一贯实行固定股利支付率政策,预计下年度销售收入500000万元,预计下年度销售净利率与本年相同,采用销售额比率法预测下年外部融资额。
(4) 按(3)所需资金通过银行借款取得,假设年利率10%,补偿性余额的比例为 20%,则实际年利率与需要的借款额各为多少
(5) 假设该公司股票属于固定增长股票,固定增长率为5%,无风险报酬率为6%,贝他系数为2,股票市场的平均收益率为10.5%。计算该公司股票的预期报酬率和该公司股票的价值。
(6) 按(3)所需资金有两种筹集方式:全部通过增加借款取得,或者全部通过增发普通股取得。如果通过借款补充资金,由于资产负债率提高,新增借款的利息率为6.5%,而丰年全部负债的平均利息率是5%;如果通过增发股份补充资金,预计发行价格为10元/股。假设公司的所得税率为40%,请计算两种筹资方式的每股利润无差别点和此时各自的财务杠杆系数。