问题 单项选择题

某企业资产总额50万元,负债的年平均利率8%,权益乘数为2,全年固定成本为8万元,年税后净利润6.7万元,所得税率33%,则该企业的复合杠杆系数为( )。

A.2.5

B.2

C.1.2

D.1.67

答案

参考答案:B

解析: 因为:权益乘数=1/(1-资产负债率)=2
所以:资产负债率=50%
利息=50×50%×8%=2
税前利润=6.7/(1-33%)=10
息税前利润=税前利润+I=10+2=12
边际贡献=EBIT+a=12+8=20
财务杠杆系数=EBIT/(EBIT-I)=12/(12-2)=1.2
经营杠杆系数=M/EBIT=20/12=1.67
复合杠杆系数=1.2×1.67=2

完形填空

There was a little boy   26  his grandparents on their farm.He was given a slingshot(弹弓)to play with,out in the woods.He   27  in the woods,but he could never hit the target.Getting a little  28 ,he headed back to dinner.Then,he saw Grandma’s pet duck,so he let fly,hit the duck square in the head,and   29  it.He was shocked and upset.In   30 ,he hid the dead duck in the woodpile,  31  to see his sister watching.Sally had seen it all,  32  she said nothing.

  33 lunch that day grandma said,“Sally,let’s wash the dishes.”

But Sally said,“Grandma,Johnny told me he wanted to   34  in the kitchen today,didn’t you Johnny?”And then she   35  to him,“Remember,the duck?”So Johnny did the dishes.

Later Grandpa asked if   36  wanted to go fishing,and Grandma said,“I’m sorry but I need Sally to help make supper.”

But Sally   37  and said,“Well,that’s   38  because Johnny told me he wanted to help.”

  39 the duck,Johnny had to stay and Sally went fishing.

After several days of Johnny doing both his   40  and Sally’s,he finally couldn’t   41 

it any longer.He came to Grandma and told her that he killed the duck.She   42  down,gave him a hug(拥抱),and said,“Sweetheart,I know.You see,I was standing at the window and I   43  the whole thing.But because I love you,I   44  you.But I was just   45  how long would you let Sally make a slave of you.”

26.A.helping                 B.visiting                            C.tending                            D.seeking

27.A.practised               B.played                       C.worked                            D.hunted

28.A.anxious                B.tired                         C.pleased                      D.discouraged

29.A.caught                  B.injured                      C.killed                        D.seized

30.A.surprise                B.disappointment          C.anger                        D.horror

31.A.only                     B.so as                         C.in order                     D.expecting

32.A.so                        B.and                           C.instead                      D.but

33.A.At                        B.After                        C.Before                      D.Cooking

34.A.work                    B.stay                          C.help                          D.get

35.A.called                  B.whispered                  C.nodded                      D.signed

36.A.the children          B.Sally                         C.Johnny                      D.Grandma

37.A.sighed                  B.agreed                       C.objected                    D.smiled

38.A.easy                            B.all right                     C.fine                          D.impossible

39.A.Searching             B.Hiding                      C.Remembering            D.Regretting

40.A.homework            B.housework                 C.farm work                 D.cooking

41.A.stand                    B.change                      C.like                           D.cover

42.A.sat                       B.went                         C.lay                            D.knelt

43.A.know                   B.heard                        C.saw                           D.understand

44.A.missed                  B.forgave                            C.congratulated             D.punished

45.A.wondering            B.saying                       C.imaging                    D.considering

单项选择题