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1、2022年金融英语考试考前冲刺卷（3）本卷共分为1大题20小题，作答时间为180分钟，总分100分，60分及格。一、单项选择题（共20题，每题2分。每题的备选项中，只有一个最符合题意） 1.Which of the following is included in both the M1 and M2 measures of moneyAA. Time deposits.BB. Money market funds.CC. Travelers cheeks. 2.Which of the following is least likely to be considered an off bal
2、ance sheet debtAA. Take-or-pay contract.BB. Capital lease.CC. Sale of receivables. 3.Which of the following weighting schemes will produce a downward bias on the index due to the occurrence of stock splits by firms in the indexAA. Market value-weighted series.BB. Price-weighted series.CC. Unweighted
3、 price indicator series. 4.During 2007, Brownfield Incorporated purchased $140 million of inventory. For the year just ended, Brownfield reported cost of goods sold of $130 million. Inventory at year-end was $45 million. Calculate inventory turnover for the year.AA. 2.89.BB. 3.25.CC. 3.50. 5.Changes
4、 in a bonds cash flows associated with changes in yield would be reflected in the bonds:AA. modified duration.BB. effective duration.CC. macaulay duration. 6.An analyst gathered the following annual data for a company:ANet profit marginB3%CTotal asset turnoverD2.5ETotal asset to equityF2.0GNet incom
5、e for 2004H$ 20000000IDividends paid on common stock during 2004(DO)J$ 4000000KShares of common stock outstandingL2000000MRequired rate of return on companys common stockN20% 7.The potential profits from writing a covered call position on a stock are: （）A. less than potential profits of a short call
6、.B. limited to the premium plus stock appreciation up to the exercise price.C. limited to the premium.8.When considering the impact of warrants on earnings per share, the method to calculate the number of shares added to the denominator is derived using which methodAA. Treasury stock method.BB. Comp
7、leted contract method.CC. Weighted average method. 9.Study the following information, calculate the free cash flow. Cash flow from operations=$1100 Purchase of plant and equipment=70 Sale of land=50 Issuance of debt=350 Payment of dividends=80AA. $1100.BB. $1080.CC. $1430. 10.An analyst acquires the
8、 following information regarding a company:ABUnitsCUnit PriceDBeginning InventoryE559F$1.00GPurchasesH785I$5.00JSalesK848L$15.00MSGA ExpensesN$3191 per annumO 11.Insider trading can be defined as information that is:AA. nonmaterial and nonpublic.BB. material and public.CC. material and nonpublic. 12
9、.A private agreement between two parties to exchange a series of future cash flows, with at least one of the two series of cash flows determined by a later outcome, is best characterized as a(n):AA. swap.BB. futures contract.CC. exchange-traded contingent claim. 13.Which of the following types of un
10、employment is most likely to be associated with an economy in which constant changes occur in the economy that prevent qualified unemployed people from filling existing job openingsAA. Cyclical.BB. Marginal.CC. Frictional. 14.According to U.S. GAAP, the assets and liabilities of a financial subsidia
11、ry do NOT have to be consolidated when the parent company owns:AA. 50% or less of the subsidiary.BB. less than 50% of the subsidiary.CC. less than 55% of the subsidiary. 15.Two growing companies are identical except that Company X capitalizes whereas Company Y expenses costs for long-lived resources
12、. Which of the following statements about financial statement effects is FALSE Company X will show:AA. lower income variability.BB. higher leverage ration.CC. higher cash flows from operations. 16.An analyst can find a companys significant accounting methods and estimates in:（）A. only the footnotes.
13、B. only the auditor's opinion.C. both the footnotes to the financial statements and Management's Discussion and Analysis.17.Assuming a firm does not currently have excessive debt, a decrease in leverage will most likely cause the firms stock price to:AA. increase.BB. remain the same.CC. decr
14、ease. 18.John receive $1000 at the beginning of each for the next 10 years. Assume that the interest rate is 12% , calculate the value of this annuity at the end of the ten-year period.AA. $13578.24.BB. $17548.74.CC. $19654.58. 19.There is 5-year annuity of $ 3000 per year. However, the first paymen
15、t will not pay until year 3. Assuming the interest rate is 10% , calculate the present value of this annuity.AA. $ 8397.BB. $ 9399.CC. $ 10258. 20.Baldwin, Inc. uses the last in, first out (LIFO) inventory cost flow assumption. Inventory transactions for beginning inventory and for furniture purchas
16、ed and sold during 2007 were as follows:ABUnitsCUnit CostDTotal CostEBeginning InventoryF100G$ 500H$ 50000IPurchases March 1, 2007J200K$ 550L$110000MSales March 18, 2007N- 300OPQPurchases August 30,2007R300S$ 600T$180000第10页 共10页第 10 页 共 10 页第 10 页 共 10 页第 10 页 共 10 页第 10 页 共 10 页第 10 页 共 10 页第 10 页 共 10 页第 10 页 共 10 页第 10 页 共 10 页第 10 页 共 10 页第 10 页 共 10 页