[Chongqing Guangdong education] National Open University autumn 2018 0088-21t Insurance Introduction reference questions

Account No ：0109

2018—2019 Final examination of the first semester of the academic year

Corporate finance questions
2019 year 1 month

Multiple choice questions （ There is only one alternative answer to the following questions
That's right. , Please fill in the letter mark of the correct answer in the brackets after the question , Each question 2 branch , common 24 branch ）
1． The fundamental goal of the company is ( ).
A． The survival of the company B． Development of the company
C． The company's profits D． Corporate social responsibility
2． At the beginning of the year, someone will 1000 Yuan is deposited in the bank , The annual interest rate is 8％, Calculate this 1000 The value of yuan after five years should be ( ).
A． The final value of simple interest B． The final value of compound interest
C． The final value of an ordinary annuity D． Pay the final value of the annuity in advance
3． The final value and deferred period of deferred annuity ( ).
A． irrelevant B． In direct proportion to
C． In inverse proportion D． Unable to judge
4． Expected rate of return refers to ( ).
A． The highest rate of return in all investments B． The average rate of return of each investment
C． The lowest rate of return in all investments D． The risk return rate of each investment
5． From the process of capital budgeting , The core link of capital budget is ( ).
A． Evaluation of cash flow B． Evaluation of net cash flow
C． Capital expenditure project evaluation D． Evaluation of the investment profit of the project
6． It is feasible to evaluate an investment with the net present value method , Its net present value must ( ).
A． Greater than or equal to 0 B． be equal to 0
C． Less than or equal to 0 D． Less than 0
7． The starting point of preparation of operating and financial budgets is different , Can be divided into ( ).
A． Fixed budget and flexible budget
B． Incremental budget and zero base budget
C． Rolling budget and probability budget
D． Static budget and dynamic budget
8． A company is preparing to issue additional ordinary shares , Issue price per share 6 element , Issue fee 1 element , Book first
Annual distribution of cash dividends per share 0．4 element , After that, the annual dividend will increase 2％. Its capital cost rate is calculated as ( ).
A．8％ B．8．7％
C．10％ D．10．7％
9． The theoretical basis of residual dividend policy is ( ).
A． Signal theory B．MM theory
C． Tax difference theory D．“ A bird in hand ” theory
10． The theoretical basis of low normal dividend plus additional dividend policy is ( ).
A． Tax difference theory B． Signal theory
C．“ A bird in hand ” theory D．MM theory
11． A stock plans to pay cash dividends , The scheme is for each 10 Share dividend 2.5 element , The individual income tax rate is
20％, The closing price of the stock on the registration date is 10 element , Then the ex right price of the stock should be ( ).
A．7．50 element B．9．75 element
C．9．80 element D．0 element
12． A limited liability company expects the planned annual inventory turnover period to be 75 God , The turnover period of accounts receivable is
45 God , The turnover period of accounts payable is 40 God , It is estimated that cash is needed for the whole year 2880 Ten thousand yuan , Then the best cash
The holding is ( ).
A．560 Ten thousand yuan B．600 Ten thousand yuan
C．640 Ten thousand yuan D．680 Ten thousand yuan

Two 、 Multiple choice questions ( Among the alternative answers to the following questions , There are two or more correct , Please fill in the letter mark of the correct answer in the brackets after the question , multi-select 、 No score will be given for missed selection . Each question 2 branch , common 16 branch )
1． The partnership shall pay ( ).
A． corporate income tax B． Sales Tax
C． Individual income tax D． The VAT E． All the above four items must be paid
2． Cash flow includes ( ).
A． Cash outflow B． Cash flow volume
C． Net cash flow D． Cash on hand
3． The quantitative prediction of sales mainly includes ( ).
A． Judgment analysis B． Investigation and Analysis
C． Trend extrapolation D． Causal analysis
4． Equity capital raising includes ( ).
A． Invest capital to raise B． Stock options
C． Common stock and preferred stock raising D． Warrant financing
E． finance lease
5． The main methods to determine the stock issue price are ( ).
A． Price at par B． P / E method
C． Bidding determination method D． Discounted cash flow method
E． Net asset ratio method
6． The cost of capital ratio has the following categories ( ).
A． Individual capital cost ratio B． Comprehensive cost of capital ratio
C． Expected cost of capital ratio D． Marginal cost of capital
E． Venture capital cost ratio
7． Among the following indicators, those that belong to the operational capacity analysis indicators are ( ).
A． Labor efficiency B． Asset-liability ratio
C． Total cost turnover D． Operating efficiency of fixed assets
E． Capital preservation and appreciation rate
8． Mergers and acquisitions have the following effects ( ).
A． Business synergy B． Manage synergies
C． Financial synergy D． Market share effect
E． Business risk dispersion effect

3、 ... and 、 Judgment questions （ Just judge right and wrong , There is no need to correct ． Each question 1 branch , common 10 branch ）

1． The difference between a limited liability company and a joint stock limited company is that the shareholders bear different responsibilities .( )
2． The final value of an ordinary annuity refers to an annuity with equal receipts and payments at the end of each period .( )
3． The size of risk return rate is the standard to compare the advantages and disadvantages of two projects .( )
4． In the capital budget , The cash flow situation is more important than the income situation of the enterprise .( )
5． Fixed budget is generally not applicable to companies whose business volume changes frequently or whose change level is difficult to accurately predict .( )
6． China's foreign-invested enterprises implement the paid in capital system .( )
7． The cost of capital includes both the time value of money , It also includes the risk value of investment .( )
8． “ A bird in the hand ” There are two main conclusions ： First of all 、 The stock price is directly proportional to the dividend payout rate ; second 、 The cost of equity capital is directly proportional to the dividend payout rate .( )
9． In financial analysis , Financial report is the basic basis of the company's financial analysis ( ).
10． Stock merger and acquisition refers to a company raising funds by issuing shares , Then go to buy the ownership of another company . ( )

Four 、 Calculation and analysis （50 branch ）

1． Someone is insured , The annual insured amount is 2,400 element , The insurance period is 25 year , Then the insured yield is 8% Under the condition of ,（1） If the insurance premium is paid at the end of each year 25 How much cash can you get after years ？（2） If the insurance premium is paid at the beginning of each year 25 How much insurance money can you get after years ？（10 branch ）
（ Please refer to the appendix after the big question for the correlation coefficient ）

2． Yilu company plans to rent a truck from Tianrong company , Pay rent every year 6．03 Ten thousand yuan , Lease term 3 year . Three years later, you can 0．1 Ten thousand yuan to obtain the ownership of the truck , At this time, the truck is worth about 2 Ten thousand yuan . Yilu also considered the purchase plan , The current price of the truck is 15 Ten thousand yuan , The bank loan interest rate is 8%, Adopt the straight-line depreciation method , Depreciation after three years , After three years, the residual value is also 2 Ten thousand yuan . The corporate income tax rate is 33%, Ask Yilu what plan it should take ？（15 branch ）
（ Please refer to the appendix after the big question for the correlation coefficient ）

3． A company has an investment project , One time investment is required at the beginning of the year 6000 Ten thousand yuan . All funds are raised in the following ways ： Issue bonds 2000 Ten thousand yuan , Bond interest rate 10%; Issue of ordinary shares 3000 Ten thousand yuan , The cost of common stock capital is 16%; Issuance of preferred shares 1000 Ten thousand yuan , The cost of preferred stock capital is 12
%. After the project is put into operation , The annual net cash flow in the first three years was 1800 Ten thousand yuan , The advanced net flow in the fourth year is 1200 Ten thousand yuan . If the income tax rate of the company is 40%, And apply the comprehensive cost of capital as the discount rate , Try the net present value method to evaluate whether the investment project is feasible .（15 branch ）
（ Please refer to the appendix after the big question for the correlation coefficient ）

4． A company sells 26000 A pair of shoes , The purchase price of each pair of shoes is 4．92 element . The annual inventory holding cost is 25%, The fixed cost per order is 1000 element .（10 branch ）
（1） Economic order quantity （EOQ） How much? ？
（2） When the order quantity is the economic order quantity , What is the total annual inventory cost ？
（ Please refer to the appendix after the big question for the correlation coefficient ）

appendix ：
1 Present value table of Yuan compound interest 1 The present value table of the first year 1 The final value table of the first year
8％ 12％ 8％ 12％ 8% 12%
3 0.7938 0.7118 3 2.5771 2.4018 25 73.106 133.33
4 0.7350 0.6355 25 10.6748 7.8431 26 79.954 150.33