问题 阅读理解

What makes one person more intelligent than another? What makes one person a genius, like the brilliant Albert Einstein, and another person a fool? Are people born intelligent or stupid, or is intelligence the result of where and how you live? These are very old questions and the answers to them are still not clear.

We know, however, that just being born with a good mind is not enough. In some ways, the mind is like a leg or an arm muscle. It needs exercise. Mental (done with the mind) exercise is particularly important for young children. Many child psychologists (心理学家) think that parents should play with their children more often and give them problems to think about. The children are then more likely to grow up bright and intelligent. If, on the other hand, children are left alone a great deal with nothing to do, they are more likely to become dull and unintelligent.

Parents should also be careful with what they say to young children. According to some psychologists, if parents are always telling a child that he or she is a fool or an idiot, then the child is more likely to keep doing silly and foolish things. So it is probably better for parents to say very positive (helpful) things to their children, such as “That was a very clever thing you did.” or “You are such a smart child.”

36. The words “intelligent” and “brilliant” in the first paragraph probably mean _______ while “dull” in the second paragraph means ________.

A. bright and splendid; slow in thinking and understanding

B. pretty and handsome; ordinary-looking

great and important; common

D. hopeful and helpful; careless

37. According to the context we can guess that a genius is ________ while an idiot is ________.

A. a normal person; a funny person

B. a strong person; a weak person

a highly intelligent person; a foolish or weak-minded person

D. a famous person; an ordinary person

38. A person ________ is more likely to become a genius.

A. whose parents are clever

B. often thinking about difficult problems

often helped by his parents and teachers

D. born with a good brain and putting it into active use

39. It is better for parents ________.

A. to praise and encourage their children more often

B. to be hard on their children

to leave their children alone with nothing to do

D. to give their children as much help as possible

40. Which of the following is NOT true according to the article?

A. Parents play an important part in their children’s growth.

B. The less you use your mind the duller you may become.

C. Intelligence is obviously the result of where and how you live.

D. What makes a person bright or stupid is still under discussion.

答案

36--40 ACDAC 

问答题
问答题

某企业2006年年末的资产负债表(简表)如下:(单位: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
无开资产及其它资产

资产总计

2400

30

650
120

3200

短期借款
应付票据
应付账款
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
460
180
250
70
960
320
900
350
670
1920
3200

  根据历史资料考察,营业收入与流动资产、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2006年度营业收入为4000万元,净利润为1000万元,年末支付现金股利600万元,普通股股数300万股,无优先股。假设企业的固定经营成本在10000万元的营业收入范围内保持100万元的水平不变。
  要求回答以下几个问题:
  (1)预计2007年度营业收入为5000万元,营业净利率与2006年相同,董事会提议将股利支付率提高到66%以稳定股价。如果可从外部融资200万元,你认为该提案是否可行
  (2)假设该公司一贯实行固定股利支付率政策,预计2007年度营业收入为5000万元,营业净利率提高到30%,采用销售额比率法预测2007年外部融资额。
  (3)假设该公司股票属于固定增长股票,股利固定增长率为5%,无风险报酬率为6%,β系数为2,股票市场的平均收益率为10.5%。计算该公司股票的必要收益率和该公司股票在2007年1月1日的价值。
  (4)假设按(2)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,新增借款的年利息率为6.5%,2006年年末借款利息为0.5万元;如果通过增发普通股补充资金,预计发行价格为10元/股,股利固定增长率为5%。假设公司的所得税率为40%,请计算两种新增资金的资金成本率、两种筹资方式的每股收益无差别点以及达到无差别点时各自的财务杠杆系数。
  (5)结合(4)假设预计追加筹资后的息税前利润为240万元,请为选择何种追加筹资方式做出决策并计算两种筹资方式此时各自的经营杠杆系数。