问题 单项选择题

An argument against using the price to cash flow (P/CF) valuation approach is that:()

A. cash flows are not as easy to manipulate or distort as EPS and book value.

B. non-cash revenue and net changes in working capital are ignored when using earnings per share (EPS) plus non-cash charges as an estimate.

C. price to cash flow ratios are not as volatile as price-to-earnings (P/E) multiples.

答案

参考答案:B

解析:

Items affecting actual cash flow from operations are ignored when the EPS plus non-cash charges estimate is used. For example, non-cash revenue and net changes in working capital are ignored. The other responses are arguments in favor of using the price to cash flow approach.

填空题
阅读理解

阅读表达。

     阅读下面的短文,并根据文章后的题目要求回答1-5小题。

     [1]There are many different types of volunteer (志愿者) options (选择) for teens, and you will no

doubt find more than this article can possibly list. But here are a few ideas to get you started on the path

to being a successful volunteer. 

     [2] Red Cross programs and many blood banks (血库) need teen volunteers. In fact the Red Cross

has an entire Junior Red Cross that is devoted to offering volunteers jobs to teens. You will have the

chance to  help others directly and do various jobs.

     [3] Parks and recreation (休闲,消遣) centers often run camps that are mostly worked by teens. If

you enjoy working with children and you' re considering a career in teaching, look up day camps that

offer these volunteer options to teens. Teens may volunteer for a year or two and then qualify for paid

position as instructors.

     [4] Libraries are always in need of extra hands, especially during summer when more children are at

the library. Volunteers can shelve books, read stories to children, help supervise (管理) sections of a

library, or learn how to check out books for people. If you have ______, you can provide extra help

by working with people to surf the Internet on library computers.

     [5] Animal shelters give teens a chance to have direct contact with animals. You may have to do

some clean-up work for animals, but you also have a chance to decide whether a career working with

them is right for you.

     [6]Lastly, teens who want to volunteer but don't have much time to spend on volunteer activities can

look for one-time activities that can also help. For example, you can volunteer to work at your school or

church's festival or yard sale, which may take up a few hours of one day but won't require a commitment

beyond that.  

1. What is the main idea of the passage? (no more than 10 words))

____________________________________    _______________________  

2. Fill in the blank in Paragraph 4 with proper words.(no more than 2 words)

_______________________________________________________________

3. Complete the following statement with words from paragraph 2 (no more than2 words)

   Volunteers in Red Cross programs can help others directly and do___________

4.  What can teens who want to volunteer but don't have much time to? (no more than 5 words)

________________________________________________________________

5. What does the word "them" (Line 2, Paragraph 5) probably refer to? (no more than 2 words)

________________________________________________________________