问题 问答题

某上市公司2007年的息税前营业利润为532万元,远低于上午的628万元预计公司在今后5年逐步复苏,收益增长率略高于稳定增长率。2006年的公司财务杠杆比率仍然远远高于合理水平,这主要是20世纪末期,公司杠杆收购的结果预期负债比率随着整个企业进入稳定阶段会降低。
2007年数据:

2007年的息税前营业利润=532万元 207年的资本性支出=310万元
2007年的折旧和摊销=207万元 2007年的销售收入=7230万元
营业流动资产占销售收入的比例=25% 平均所得税率=36%
无风险利率=7.5% 市场组合预期收益率=13%

预测期的数据:
预设期的时间长度=5年 息税前营业利润的预测增长率=8%
公司贝他值=1.25 税前债务成本=9.5%
负伤比率=50% 销售收入,资本性支出和折旧都以8%的速度增长
要求:计算未来五年的企业实体现金流量。

答案

参考答案:单位:万元

年份
单项选择题

Passage 2

Questions 6 to 10 are based on the following passage:
Nonverbal (非语言的) communication has to do with gestures, movements and close-ness of two people when they are talking. (78) The scientists say that those gestures, movements and so on have meaning which words do not carry.
For example, the body distance between two speakers can be important. North Ameri-cans often complain that South Americans are unfriendly because they tend to stand close to the North American when speaking, while the South American often consider the North American to be "cold" or "distant" because he keeps a greater distance between himself and the person he is speaking to. The "eye contact" provides another example of what we are calling nonverbal communication. Scientists have observed that there is more eye contact between people who like each other than there is between people who don’t like each other.
(79) The length of time that the person whom you are speaking to looks at your eyes indi-cates the amount of interest he has in the things you are talking about.
On the other hand, too long a gaze can make people uncomfortable. The eyes apparent-ly play a great part in nonverbal communication. Genuine warmth or interest, shyness or confidence can often be seen in the eyes. We do not always consider a smile to bea sign of friendliness. Someone, who is always smiling, and with little apparent reasons, often makes us uneasy.

According to the passage, nonverbal communication______.

A.is a method often used by people who cannot speak

B.can tell something that words cannot

C.can be used to talk with people who cannot bear

D.is less used than words