Question 66 Marcel Inc. is considering whether to treat a lease as an operating lease or as a capital lease. All things being equal, which of the following are the correct impacts of the choice on Marcel’s cash flow from operations and operating income, respectively?
Cash flow from operations Operating income A) Higher with capital lease Same with both leases B) Higher with operating lease Higher with capital lease C) Higher with capital lease Higher with capital lease D) Higher with operating lease Same with both leases
Question 67 Which of the following statements about accounting treatments under IFRS and U.S. GAAP are most accurate regarding the periodic valuation of purchased intangible assets and marketable securities, respectively? Purchased intangible assets Marketable securities A) Significantly different Significantly different B) Significantly different Similar C) Similar Similar D) Similar Significantly different
Question 68 Financial information regarding Patricia Inc. is as follows: Interest expense (after-tax) | $50 | Fixed capital investment | $300 | Net borrowing | $70 | Depreciation | $40 | Working capital investment | $125 | Net income | $200 |
Based on the information provided, which of the following amounts represents the amounts for Patricia’s free cash flow to the firm (FCFF) and free cash flow to equity (FCFE)? FCFF FCFE A) +$60 −$115 B) −$135 −$115 C) −$135 +$10 D) +$60 +$10
Question 69 The average inventory processing period and operating cycle for RXV Corporation are 25% higher than the industry average. Which of the following is the least likely explanation for these relatively high financial values? A) RXV’s cost of goods sold is relatively high. B) RXV is carrying a relatively high volume of obsolete inventory. C) RXV’s inventory turnover is relatively high. D) RXV has too much capital invested in inventory.
Question 70 The Seattle Corporation has been presented with an investment opportunity which will yield cash flows of $30,000 per year in years 1 through 4, $35,000 per year in years 5 through 9, and $40,000 in year 10. This investment will cost the firm $150,000 today, and the firm's cost of capital is 10%. The payback period for this investment is closest to:
A) 5.23 years. B) 4.00 years. C) 4.86 years. D) 6.12 years.
[此贴子已经被作者于2008-11-7 17:57:38编辑过] | 
发表于 2008-5-10 13:13
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