Company A had 4,000 shares of 7%, ¥100 par preferred stock and 50,000 shares of common
A.¥7.00 per shar
B.¥6.00 per shar
C.¥12.04 per shar
D.¥12.60 per shar
E.
A.¥7.00 per shar
B.¥6.00 per shar
C.¥12.04 per shar
D.¥12.60 per shar
E.
P Company is very similar to N company in growth rate,risk and dividend payout rati0.It had 20 million shares outstanding and an earnings of$36 million for the year just ended.
The earnings will increase to$38.5 million the next year.
Requirement:
A.Calculate the expected rate of return on N company’S equity.
B.Calculate N Company’S current price—eaming ratio and prospective price-earning rati0.
C.Using N company’S current price-earning rati0,value P company’S stock price.
D.Using N company’S prospective price-earning rati0,value P company’S stock price.
A.deal on
B.deal with
C.deal in
D.deal for
A. he quit
B. he had quit
C. had he quit
D. does he quit
Group as a non-executive director, but is uncertain as to the level and nature of her contribution to the strategic
thinking of the Group.
The Marlow Fashion Group had been set up by a husband and wife team in the 1970s in an economically depressed
part of the UK. They produced a comprehensive range of women’s clothing built round the theme of traditional English
style. and elegance. The Group had the necessary skills to design, manufacture and retail its product range. The
Marlow brand was quickly established and the company built up a loyal network of suppliers, workers in the company
factory and franchised retailers spread around the world. Marlow Fashion Group’s products were able to command
premium prices in the world of fashion. Rodney and Betty Marlow ensured that their commitment to traditional values
created a strong family atmosphere in its network of partners and were reluctant to change this.
Unfortunately, changes in the market for women’s wear presented a major threat to Marlow Fashion. Firstly, women
had become a much more active part of the workforce and demanded smarter, more functional outfits to wear at work.
Marlow Fashion’s emphasis on soft, feminine styles became increasingly dated. Secondly, the tight control exercised
by Betty and Rodney Marlow and their commitment to control of design, manufacturing and retailing left them
vulnerable to competitors who focused on just one of these core activities. Thirdly, there was a reluctance by the
Marlows and their management team to acknowledge that a significant fall in sales and profits were as a result of a
fundamental shift in demand for women’s clothing. Finally, the share price of the company fell dramatically. Betty and
Rodney Marlow retained a significant minority ownership stake, but the company had had a new Chief Executive
Officer every year since 2000.
Required:
(a) Write a short report to Susan Grant identifying and explaining the strategic strengths and weaknesses in the
Marlow Fashion Group. (12 marks)
The research stage of the new project lasted until 31 December 20X7 and incurred $1.4 million of costs.From that date the project incurred development costs of $800,000 per month.On 1 April 20X8 the directors became confident that the project would be successful and yield a profit well in excess of costs.The project was still in development at 30 September 20X8.Capitalised development expenditure is amortised at 20% per annum using the straight line method.
What amount will be charged to profit or loss for the year ended 30 September 20X8 in respect of research and development costs().
A、$8,280,000
B、$6,880,000
C、$7,800,000
D、$3,800,000
A.与坚决的、足智多谋的艾琳·布劳克维奇那个女人交手同时,PG&E公司还被由“永不妥协”这部电影及好莱坞说个不停的宣传机械所带来的影响所烦恼
B.PG&E公司以前得与倔强而办法多的艾琳·布劳克维奇那个人交手,而此刻则因为《艾琳·布劳克维奇》这部电影和所向无敌的好莱坞的宣传机械烦透了心
C.PG&E公司以前得与倔强而办法多的艾琳·布劳克维奇那个人交手,而此刻则因为《永不妥协》这部电影和所向无敌的好莱坞的宣传机械烦透了心(译注:英语原名为Irin Brockovich即艾琳·布劳克维奇本人的姓名)
of selling cars to the public which takes advantage of the greater freedom given to independent car distributors to
market cars more aggressively within the European Union. This reduces the traditional control and interference of the
automobile manufacturers, some of whom own their distributors. He has opened a number of showrooms in the
London region and by 2004 Auto Direct had 20 outlets in and around London. The concept is deceptively simple;
Mark buys cars from wherever he can source them most cheaply and has access to all of the leading volume car
models. He then concentrates on selling the cars to the public, leaving servicing and repair work to other specialist
garages. He offers a classic high volume/low margin business model.
Mark now wants to develop this business model onto a national and eventually an international basis. His immediate
plans are to grow the number of outlets by 50% each year for the next three years. Such growth will place
considerable strain on the existing organisation and staff. Each showroom has its own management team, sales
personnel and administration. Currently the 20 showrooms are grouped into a Northern and Southern Sales Division
with a small head office team for each division. Auto Direct now employs 250 people.
Mark now needs to communicate the next three-year phase of the company’s ambitious growth plans to staff and is
anxious to get an understanding of staff attitudes towards the company and its growth plans. He is aware that you
are a consultant used to advising firms on the changes associated with rapid growth and the way to generate positive
staff attitudes to change.
Required:
(a) Using appropriate strategies for managing change provide Mark with a brief report on how he can best create
a positive staff response to the proposed growth plans. (12 marks)
(1).This is a story about().
A、a rich man who owned a big wood.
B、 a poor Irishman who lived all by himself.
C、 a clever man who tried to get something to eat for his breakfast.
D、 an Irish hunter with a large family.
(2). There was a look of anger on Lord Northwood’s face. Why?()
A、 He was not expecting Pat at this early hour.
B、 He knew Pat was coming for shooting.
C、 He didn’t like the poor Irishman at all.
D、 Pat had not told him he would come.
(3). Why was Lord Northwood surprised?()
A、 He had not expected such a bold question from Pat.
B、 He wondered why Pat didn’t run away.
C、 Pat wasn’t afraid of him.
D、 Pat had a gun in his hands.
(4).Pat’s _______ made the whole crowd burst into laughter.()
A、 funny looks
B、 interesting remarks
C、 quick and witty response
D、 promise to leave right away
(5).It was because of his _________ that Pat was left to try his luck.
A、 boldness
B、 calmness
C、 quickness of mind
D、 obedience (服从, 顺从)
The survey of more than 6,000managers and employees in 26 organizations in the U.S. and Canada showed that employees and managers felt their employers did a good job explaining their performance objectives and the way their performance is measured. They were unclear, though, about how performance was related to pay. Surprisingly, employees reported they knew more about stock options at their companies and how they are determined than how base pay is. However, the results showed that base pay knowledge plays a larger role in overall pay satisfaction than do other forms of compensation, such as bonuses. Employees who had higher levels of pay knowledge showed greater overall pay satisfaction, which, in turn, was linked to higher levels of retention(聘用), commitment to the company, and even trust in management. In other words, Heneman emphasizes, ensuring that employees understand their pay is good for a company’s bottom line.
He feels that corporate culture is often a major problem in dealing with the lack of pay knowledge among workers. In many companies, it is considered taboo—or even explicitly forbidden—to discuss matters dealing with salary. In lieu of (代替) disclosing actual pay amounts of employees to others within the company, management can provide more information about pay practices and policies, such as the process used to determine salary, and the average of raises in a particular year. Workers want more than generalities; they want to know how pay policies apply to their particular situation, Heneman points out. That often means managers need to sit down with their employees one-on-one.
21. What does the North American Survey mainly suggest?
A. If the employers make their pay policy known better, the company would get more in return.
B. If the employers make their pay policy known better, they would get pay raises and bonuses.
C. If the employees know more about the pay policy of the company, they would get more.
D. If the employees know more about the pay policy of the company, they would become one in the management.
22. The employers of many companies failed to ______.
A. explain what their performance objectives were
B. explain the way performance was measured
C. explain the way performance was related to pay
D. explain how performance was related to promotion
23. Which of the following is the most important factor in overall pay satisfaction?
A. Stock options.
B. Bonuses.
C. Corporate culture.
D. Base pay.
24. The employees who understand and are satisfied with their pay would ______.
A. be willing to remain in the bottom line
B. be willing to be loyal and dedicated to the company
C. be ensured that their pay is justified
D. be ensured that their employers are worthwhile
25. What can employers do to help their employees know better how pay is determined?
A. They can shatter the taboo by encouraging discussion about salary matters among the employees.
B. They can disclose pay amounts of employees to others within the company.
C. They can talk with individual employee about how pay policies apply to his particular situation.
D. They can tell all employees the total of raises in a particular year.
Directions:Read the following passage and the statements that follow. Choose the best answer for each statement from the four choices marked A, B,C and D.
The Internet is an exciting tool that puts vast information at your fingertips. With a click of a mouse, it lets you buy an airline ticket, book a hotel, send flowers to a friend, or purchase your favorite stock.
Security on the Internet
Shopping online offers lots of benefits that you won’t find while shopping in a store or by mail. The Internet is always open—seven days a week, 24 hours a day—and bargains can be numerous online. Shopping on the Internet is no less safe than shopping in a store or by mail. Keep the following tips in mind to help ensure that your online shopping experience is a safe one.
EASY AS ABC
When exploring online, think ABC to remember the privacy and security questions you should ask about a company.
About me. What information does the company collect from me and is it secure?
Benefits. How does the company use that information and what is the benefit to me?
Choices. What choices do I have about the company’s use of information about me? Can I choose not to have the information used for other purposes, and how?
1.The real meaning behind “with the click of a mouse” may be ().
A.with the use of computer and internet
B.just the action of clicking the mouse
C.with the information
D.none of the above
2.Which of the following is the most efficient way to reduce age related memory loss()?
A.Eating more meat and doing more exercises.
B.Eating right foods and getting sufficient amounts of sleep
C.Taking more medicine and doing more exercises
D.Taking more herbs and eating more food
3.Most of his savings()in the Xin Hua Bank.
A.has been kept
B.is being kept
C.have kept
D.have been kept
4.By “permissive period in education” the author means a time().
A.when children are allowed to do what they wish to
B.when everything can be taught at school
C.when every child can be educated
D.when children are permitted to receive education
5.Jogging is the best way for stretching and relaxation and helps to reduce many diseases().
A.True
B.False
C.Not Mentioned
6.What is this passage mainly about()?
A.Shopping online safely
B.Differences between shopping online and in the store
C.Internet is convenient
D.Benefits of shopping online
7.We learn from the passage that the author’s mother used to lay emphasis on().
A.learning Latin
B.natural development
C.discipline
D.education at school
8. What’s the main idea of the text()?
A.Chinese fashion designer got start in the industry two decades ago
B.China has made a great difference in latest fashion
C.A small number of established Chinese designers have been in business for less than 10 years
D.The Chinese fashion world is constantly growing
9. The country had little interaction with the outside world, which meant all of the following but().
A.no fashion magazines
B.no designer labels
C.no events like China Fashion Week
D.no fashion designers
10.Jim is the only one of the staff members who()to be promoted.
A.are
B.have been
C.is
D.has been
11.The main idea of the passage is that().
A.parents should leave their children alone
B.kids should have more activities at school
C.it’s time to be more strict with our kids
D.parents should always set a good example to their kids
12.Which of the following is NOT true according to Paragraph 2()?
A.It is shown that one area of the brain known as the hippocampus is important in recalling information
B.The process of creating memories has been already understood and it involves three main steps.
C.Scientists believed that neurons first transform. the sensory stimuli into images in our immediate memory
D.Scientists don’t know exactly how the information is transferred from one area of the brain to another
13.Outdoor learning helps students learn in science and arts().
A.Right
B.Wrong
C.Doesn’t say
14.All that can be done().
A.has done
B.has been done
C.have done
D.have been done
15. What should we do in order to communicate with the foreigners in a proper way()?
A.Shake hands with them whenever you meet the foreigners
B.Be familiar with their culture and use it in a correct way
C.Say “Where are you going?” instead of “Hi, have you had your meal?” when meeting on the street
D.Say nothing to them if we meet them
16.By paragraph 2 we can see Istanbul is().
A.a leisure city
B.a busy city
C.a developed city
D.a developing city
17. According to the text, the following sentences are true except().
A.Chinese designers are looking to foreign countries to find retail success
B.China had little interaction with the outside world two decades ago
C.China has gone from a fashion black hole to an industry hub in twenty years
D.the future of Chinese fashion is bright