标题: Reading 45: Residual Income Valuation-LOS a 习题精选 [打印本页]
作者: 土豆妮 时间: 2011-3-21 11:38 标题: [2011]Session 12-Reading 45: Residual Income Valuation-LOS a 习题精选
Session 12: Equity Investments: Valuation Models
Reading 45: Residual Income Valuation
LOS a: Calculate and interpret residual income, economic value added, and market value added.
Market value added is calculated as:
|
A) |
net operating profit after taxes minus a charge for total capital. | |
|
B) |
market value of the company minus total capital. | |
|
C) |
market value of the company minus a charge for equity capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: 土豆妮 时间: 2011-3-21 12:00
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for equity capital. | |
|
B) |
a charge for total capital. | |
|
|
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:00
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
capitalize and amortize research and development expenses. | |
|
B) |
add back deferred taxes. | |
|
C) |
treat capital leases as operating leases. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:00
Market value added is calculated as:
|
A) |
market value of the company minus total capital. | |
|
B) |
net operating profit after taxes minus a charge for total capital. | |
|
C) |
market value of the company minus a charge for equity capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: 土豆妮 时间: 2011-3-21 12:02
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for equity capital. | |
|
B) |
a charge for total capital. | |
|
|
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:02
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
add back deferred taxes. | |
|
B) |
capitalize and amortize research and development expenses. | |
|
C) |
treat capital leases as operating leases. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:02
Market value added is calculated as:
|
A) |
market value of the company minus total capital. | |
|
B) |
net operating profit after taxes minus a charge for total capital. | |
|
C) |
market value of the company minus a charge for equity capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: 土豆妮 时间: 2011-3-21 12:03
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for equity capital. | |
|
B) |
a charge for total capital. | |
|
|
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:03
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
add back deferred taxes. | |
|
B) |
capitalize and amortize research and development expenses. | |
|
C) |
treat capital leases as operating leases. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:03
Market value added is calculated as:
|
A) |
net operating profit after taxes minus a charge for total capital. | |
|
B) |
market value of the company minus total capital. | |
|
C) |
market value of the company minus a charge for equity capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: 土豆妮 时间: 2011-3-21 12:03
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for total capital. | |
|
B) |
a charge for equity capital. | |
|
|
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:04
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
add back deferred taxes. | |
|
B) |
capitalize and amortize research and development expenses. | |
|
C) |
treat capital leases as operating leases. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:04
Market value added is calculated as:
|
A) |
net operating profit after taxes minus a charge for total capital. | |
|
B) |
market value of the company minus total capital. | |
|
C) |
market value of the company minus a charge for equity capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: 土豆妮 时间: 2011-3-21 12:04
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for equity capital. | |
|
|
|
C) |
a charge for total capital. | |
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:04
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
add back deferred taxes. | |
|
B) |
capitalize and amortize research and development expenses. | |
|
C) |
treat capital leases as operating leases. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:04
Market value added is calculated as:
|
A) |
market value of the company minus total capital. | |
|
B) |
net operating profit after taxes minus a charge for total capital. | |
|
C) |
market value of the company minus a charge for equity capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: 土豆妮 时间: 2011-3-21 12:05
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for total capital. | |
|
B) |
a charge for equity capital. | |
|
|
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:05
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
add back deferred taxes. | |
|
B) |
treat capital leases as operating leases. | |
|
C) |
capitalize and amortize research and development expenses. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:05
Market value added is calculated as:
|
A) |
net operating profit after taxes minus a charge for total capital. | |
|
B) |
market value of the company minus a charge for equity capital. | |
|
C) |
market value of the company minus total capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: 土豆妮 时间: 2011-3-21 12:05
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for equity capital. | |
|
B) |
a charge for total capital. | |
|
|
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:05
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
add back deferred taxes. | |
|
B) |
capitalize and amortize research and development expenses. | |
|
C) |
treat capital leases as operating leases. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:06
Market value added is calculated as:
|
A) |
net operating profit after taxes minus a charge for total capital. | |
|
B) |
market value of the company minus total capital. | |
|
C) |
market value of the company minus a charge for equity capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: 土豆妮 时间: 2011-3-21 12:06
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for equity capital. | |
|
B) |
a charge for total capital. | |
|
|
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:06
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
capitalize and amortize research and development expenses. | |
|
B) |
add back deferred taxes. | |
|
C) |
treat capital leases as operating leases. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:06
Market value added is calculated as:
|
A) |
market value of the company minus total capital. | |
|
B) |
net operating profit after taxes minus a charge for total capital. | |
|
C) |
market value of the company minus a charge for equity capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception
作者: 土豆妮 时间: 2011-3-21 12:06
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for equity capital. | |
|
B) |
a charge for total capital. | |
|
|
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:07
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
add back deferred taxes. | |
|
B) |
treat capital leases as operating leases. | |
|
C) |
capitalize and amortize research and development expenses. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:07
Market value added is calculated as:
|
A) |
net operating profit after taxes minus a charge for total capital. | |
|
B) |
market value of the company minus a charge for equity capital. | |
|
C) |
market value of the company minus total capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: 土豆妮 时间: 2011-3-21 12:07
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for total capital. | |
|
B) |
a charge for equity capital. | |
|
|
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:07
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
add back deferred taxes. | |
|
B) |
capitalize and amortize research and development expenses. | |
|
C) |
treat capital leases as operating leases. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:07
Market value added is calculated as:
|
A) |
net operating profit after taxes minus a charge for total capital. | |
|
B) |
market value of the company minus total capital. | |
|
C) |
market value of the company minus a charge for equity capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: 土豆妮 时间: 2011-3-21 12:08
Economic value added (EVA?) is calculated as net operating profit after taxes minus:
|
A) |
a charge for equity capital. | |
|
B) |
a charge for total capital. | |
|
|
EVA = NOPAT – (C% × TC), where NOPAT is a firm’s net operating profit after taxes, C% is the cost of capital, and TC is total capital.
作者: 土豆妮 时间: 2011-3-21 12:08
A common adjustment in calculating economic value added (EVA?) is to:
|
A) |
add back deferred taxes. | |
|
B) |
treat capital leases as operating leases. | |
|
C) |
capitalize and amortize research and development expenses. | |
It is common to capitalize and amortize research and development (R&D) expenses and add R&D expenses back to earnings. Deferred taxes are eliminated to pick up only cash taxes. Operating leases are treated as capital leases.
作者: 土豆妮 时间: 2011-3-21 12:08
Market value added is calculated as:
|
A) |
market value of the company minus total capital. | |
|
B) |
net operating profit after taxes minus a charge for total capital. | |
|
C) |
market value of the company minus a charge for equity capital. | |
Market value added is the market value of the company minus total capital. It is used to measure the effect on value of management’s decisions since the firm’s inception.
作者: xinchow 时间: 2016-8-7 11:44
market value of the company minus total capital.
B is the correct answer
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