大学MOOC FinancialManagement财务管理(黄淮学院)1450831163 最新慕课完整章节测试答案

QuickQuiz10

1、单选题：
‎An investment project has the following discounted cash flows ($’000).‏Year‏Discount rate‏ ‏0%‏ ‏10%‏ ‏20%‏‎ ‏0‏(90)‏ ‏(90)‏ ‏(90)‏‎ ‏1‏30‏ ‏27.3‏ ‏25.0‏‎ ‏2‏30‏ ‏24.8‏ ‏29.8‏‎ ‏3‏30‏ ‏22.5‏ ‏17.4‏‎ ‏4‏30‏ ‏20.5‏ ‏14.5‏‎ ‏ ‏30‏ ‏5.1‏ ‏(12.3)‏‎ ‏‎The required rate of return on investment is 10% per annum.‏‎What is the discounted payback period of the investment project?‏‎‏
选项：
A: Less than 3 years
B: 3 years
C: Between 3 years and 4 years
D: More than 4 years
答案: 【 Between 3 years and 4 years】

2、多选题：
‌The examples of uncertain independent variables on which the NPV of a project may depend include:‎
选项：
A: Sales volume
B: Cost of capital
C: Initial cost
D: Operating costs
答案: 【 Sales volume;
Cost of capital;
Initial cost;
Operating costs】

3、多选题：
‎Managers can reduce risk in which way ?‎
选项：
A: Set maximum payback period
B: Use high discounting rate
C: Use sensitivity analysis to determine the critical factors within the decision-making process
D: Use pessimistic estimates
答案: 【 Set maximum payback period;
Use high discounting rate;
Use sensitivity analysis to determine the critical factors within the decision-making process;
Use pessimistic estimates】

4、判断题：
​Sensitivity analysis allows for uncertainty in project appraisal by assessing the probability of changes in the decision variables.‍
选项：
A: 正确
B: 错误
答案: 【 错误】

5、判断题：
‎Expected values can help an accountant evaluate the range of possible net present value outcomes.‏
选项：
A: 正确
B: 错误
答案: 【 错误】

6、判断题：
‎The Certainty-equivalent approach is where expected cash flows are converted to riskless equivalent amounts.‌‎‌
选项：
A: 正确
B: 错误
答案: 【 正确】

7、判断题：
​Simulation models constructed by assigning a range of random number digits to each possible value of each of the uncertain variables.‏
选项：
A: 正确
B: 错误
答案: 【 正确】

QuickQuiz11

1、单选题：
‌The net present value of the costs of operating a machine for the next three years is $10,724 at a cost of capital of 15%. What is the equivalent annual cost of operating the machine?‍
选项：
A: $4697
B: $3575
C: $4111
D: $3109
答案: 【 $4697】

2、多选题：
‌Why hard capital rationing may occur?‏
选项：
A: Raising money through the stock market may not be possible if share prices are depressed.
B:  There are restrictions on lending due to government control.
C: Lending institutions may consider the organization to be too risky.
D: The costs associated with making small issues of capital may be too great.
答案: 【 Raising money through the stock market may not be possible if share prices are depressed.;
 There are restrictions on lending due to government control.;
Lending institutions may consider the organization to be too risky.;
The costs associated with making small issues of capital may be too great.】

3、判断题：
‍Hard capital rationing occurs when a restriction on an organization’s ability to invest capital funds is caused by an internal budget ceiling imposed by management.‍
选项：
A: 正确
B: 错误
答案: 【 错误】

4、判断题：
‌The best way to find the optimal solution in a situation of single period rationing with indivisible projects is to use trial and error and test the NPV available from different project combinations.‎
选项：
A: 正确
B: 错误
答案: 【 正确】

5、判断题：
‏An indivisible project is a project that must be undertaken completely or not at all.​
选项：
A: 正确
B: 错误
答案: 【 正确】

6、判断题：
‎The lessee is responsible for the servicing of a leased asset in the case of an operating lease.‌‎‌
选项：
A: 正确
B: 错误
答案: 【 错误】

7、判断题：
‎To rank the projects according to their profitability index is the best way to find the optimal solution in a situation of single period rationing with divisible projects?​
选项：
A: 正确
B: 错误
答案: 【 正确】

QuickQuiz12

1、单选题：
‌A company's shares have a nominal value of $1 and a market value of $3. In a rights issue, one new share would be issued for every three shares at a price of $2.60. What is the theoretical ex-rights price?‎‌‎
选项：
A: $3
B: $5.60
C: $2.90
D: $0.65
答案: 【 $2.90】

2、单选题：
​Which of the following is least likely to be a reason for seeking a stock market flotation?‌
选项：
A: Improving the existing owners' control over the business
B: Access to a wider pool of finance
C: Enhancement of the company's image
D: Transfer of capital to other uses
答案: 【 Improving the existing owners' control over the business】

3、单选题：
‌Which of the following is not true of a rights issue by a listed company?‏
选项：
A: Rights issues do not require a prospectus.
B: The rights issues price can be at a discount to mar