1. Multiple-choice questions (Among the alternative answers to each of the following questions, there is only one correct answer that meets the meaning of the question. Please fill in the corresponding information points in the answer sheet with 2b pencil according to the requirements of the answer sheet. Multiple choices, wrong choices, and no choices are scored. )

1. The enterprise invests in a large-scale project and borrows a sum of money from the bank. After the project is officially put into production (at the end of the first year), the enterprise plans to withdraw a sinking fund every year to repay the debt of 1 million yuan due 1 years later. If the current bank deposit interest rate is 4%, (p/a, 4%, 1) = 8.119, (f/a, 4.

a, 18.53 b, 123.29 c, 83.29 d, 94.49

Correct answer: c

Analysis: the sinking fund to be withdrawn every year = 1 ÷ (f/a, 4%, 1) = 83.29.

2. Regarding the operating leverage coefficient, the following statement is incorrect ().

a, when other factors are constant, the greater the production and sales volume, the smaller the operating leverage coefficient

b, when other factors are constant, the greater the fixed cost, the greater the operating leverage coefficient

c, when the fixed cost approaches , the operating leverage coefficient approaches

d, and the greater the operating leverage coefficient. Reflect the greater the business risk of an enterprise

Correct answer: c

Analysis: Under certain other factors, the smaller the production and sales volume, the greater the cost and the greater the operating leverage coefficient, reflecting the greater the business risk of an enterprise. When the fixed cost approaches , the operating leverage coefficient is 1.

3. The net present value of an investment project is 5 million yuan, with a discount rate of 1%. The project is calculated as 1 years, and its annual equivalent net recovery is () million yuan.

a, 81.37 b, 61.44 c, 31.35 d, 79.65

Correct answer: a

Analysis: annual equivalent net recovery = net present value /(p/a, 1%, 1) = 5/6.1446 = 81.37 (ten thousand.

4. In order to convert the issued convertible bonds as soon as possible, or to achieve the purpose of anti-merger and anti-acquisition, the strategy that a joint stock limited company should adopt is ().

a, not paying dividend b, paying lower dividend c, paying fixed dividend d, paying higher dividend

Correct answer: d

Analysis: The test site of this question is other factors that affect dividend distribution. Multiple dividends can make the stock price rise, make the issued convertible bonds realize conversion as soon as possible, and thus achieve the purpose of adjusting the capital structure; In addition, paying higher dividends can stimulate the company's share price to rise, thus achieving the purpose of anti-takeover and anti-merger.

5. The financial budgeting method for preparing next month's budget based on last month's budget implementation is ().

a, flexible budget B, Incremental Budget C, Rolling Budget D, Zero-based Budget

Correct answer: c

Analysis: The main point of rolling budget is not to link the budget period with the fiscal year, but always keep it at 12 months, that is, every month, the budget for the next month is supplemented on the basis of the original budget, so that the budget can be adjusted at any time according to the actual implementation.

6. The following are the same places as investment and speculation ().

a, the length of the behavior period b, their basic purpose c, their risks d, and their interests focus

Correct answer: b

Analysis: the basic purpose of investment and speculation is the same, both of which are to obtain the value-added or income of the future currency.

7. Compared with publicly offered bonds, private placement bond's main shortcoming is ().

a, higher issuance cost B, poor liquidity C, more restrictions D, longer issuance time

Correct answer: b

Analysis: Compared with the public offering securities in the test center, private placement bond has simple procedures, saving issuance time and expenses; However, the limited amount of fund-raising and poor liquidity are not conducive to improving the issuer's social reputation.

8. The lowest cost that an enterprise must bear to maintain a certain operating ability is ().

a, variable cost b, mixed cost c, committed fixed cost d, discretionary fixed cost/

Correct answer: c

Analysis: committed fixed cost belongs to the cost of enterprise's operating ability, which is the lowest cost that an enterprise must bear in order to maintain a certain business volume. Discretionary fixed cost belongs to the cost of enterprise management policy.

9. The original investment of a project at the starting point of construction is 2 million yuan. If the net present value of the scheme calculated by using the interpolation function method in excel is 5 million yuan and the capital cost rate of the enterprise is 1%, the profit index of the scheme itself is ().

a, 1.1 b, 1.15 c, 1.265 d, 1.275

correct answer: d

analysis: the net present value calculated by the interpolation function method is not the value of the zeroth year, but the value of the year before the zeroth year.

the net present value of the scheme itself = the net present value obtained by the interpolation method × (1+I) = 5× (1+1%) = 5.5 million yuan.

the net cash rate of the scheme itself = 55/2 = 27.5%; Profit index = 1+27.5% = 1.275.

1. The following statement about closed-end securities investment funds is correct ().

a, there is no fixed term, investors can redeem from the fund manager at any time

b, the fund size should be listed in the prospectus

c, the transaction price is basically unaffected by market supply and demand

d, the fund assets must remain liquid, and long-term investment is not allowed

Correct answer: b

Analysis: the fund size should be listed in the prospectus of closed-end funds. Option acd belongs to the characteristics of open fund.

11. Among the following items, () does not belong to the transaction motive in the cash holding motive.

A. Pay cash dividend B. Pay salary C. Pay income tax D. Buy stocks

Correct answer: d

Analysis: Buying stocks is usually a speculative motive.

12. If the owner's equity of an enterprise at the end of the last five years (1998-22) is 15 million yuan, 17 million yuan, 68 million yuan, 99 million yuan and 136 million yuan respectively, the average capital growth rate of the enterprise in 22 is ().

a, 1% b, 397% c, 128% d, 68%

Correct answer: a

Analysis: average growth rate of capital in three years = (year-end owner's equity/owner's equity three years ago) 1/3-1 =