杭电高财第七章作业答案
浙江财经大学金融学习题最终版
浙江财经大学金融学习题最终版(总21页)--本页仅作为文档封面，使用时请直接删除即可----内页可以根据需求调整合适字体及大小--《金融学》（彭兴韵）习题集带※表示下面答案里没有第一章货币与货币制度名词解释货币制度准货币货币的流动性结构格雷欣法则无限法偿金银复本位制金本位制铸币税问答题：1.货币产生的经济原因是什么2.货币有哪些职能3.如何划分货币的层次不同层次的货币包含了哪些方面的内容4.货币制度有哪些构成要素第二章金融系统名词解释间接金融直接金融一级市场二级市场固定收益证券信息不对称道德风险逆向选择贷款承诺债务性金融工具权益性金融工具衍生金融工具证券化问答题：1.金融系统有哪些功能2.金融活动中的信息不对称会导致什么问题解决信息不对称问题有哪些方法3.金融中介机构参与资金融通为何能降低交易成本请分析其降低交易成本的机制。
第三章货币资金的时间价值名词解释：货币的时间价值年金即时年金普通年金永续年金计算题：1.假定你在银行有一笔存款总共10万元，存期为五年，年利率为%，每年复利一次，五年后，你的账上会有多少钱设政府征收的利息所得税为20%，今后五年中每年的通货膨胀率为3％，你的这笔存款的税后实际利率为多少假定你在银行开了一个零存整取的储蓄账户，每月存入500元，存期为五年，月利率为‰。
五年后，你的账户上本息总额会有多少假定在这五年中，每个月的通货膨胀率为‰，政府征收的利息所得税为20%，那么，五年后你账户上的实际余额是多少2.假设你以90元购买了一张面值为100元的债券，该债券两年后按面值偿付，即两年后你能够得到100元，那么你购买这张债券的年利率是多少3.假定你购买了一套住房，从银行得到了20万元的抵押贷款，偿还期为20年，贷款年利率为%，那么你的月供是多少4.利率为8％的一年期贷款如果按月计息（月利率为8%/12），那么这笔贷款的年收益率是多少5.你打算通过分期付款的方式买一辆汽车。
第一个经销商提出的方案是，你在未来3年每满一年支付37400元；第二个经销商提出的方案是，未来四年每满一年支付28700元。
公司理财英文版练习题答案第七章 Pangaea Corpor
公司理财英文版练习题答案第七章Pangaea Corpor1、______ pocket money did you get when you were a child? （）[单选题] *A. WhatB. HowC. How manyD. How much(正确答案)2、Nuclear science should be developed to benefit the people_____harm them. [单选题] *A.more thanB.other thanC.rather than(正确答案)D.better than3、The huntsman caught only a（）of the deer before it ran into the woods. [单选题] *A. gazeB. glareC. glimpse(正确答案)D. stare4、35．___________ good music the teacher is playing! [单选题] *A．What(正确答案)B．HowC．What aD．What the5、——Have you（）your friend Bill recently? ———No, he doesnt often write to me. [单选题] *A. heard aboutB. heard ofC. heard from (正确答案)D. received from6、Just use this room for the time being ,and we’ll offer you a larger one _______it becomes available [单选题] *A. as soon as(正确答案)B unless .C as far asD until7、?I am good at schoolwork. I often help my classmates _______ English. [单选题] *B. toC. inD. with(正确答案)8、—What were you doing when the rainstorm came?—I ______ in the library with Jane. （）[单选题] *A. readB. am readingC. will readD. was reading(正确答案)9、I _______ Zhang Hua in the bookstore last Sunday. [单选题] *A. meetB. meetingC. meetedD. met(正确答案)10、I often _______ music from the Internet. [单选题] *A. download(正确答案)B. spendD. read11、I think ______ time with my friends is fun for me.（）[单选题] *A. spendB. spendC. spending(正确答案)D. spent12、Ladies and gentlemen, please fasten your seat belts. The plane _______. [单选题] *A. takes offB. is taking off(正确答案)C. has taken offD. took off13、You wouldn' t have caught such ____ bad cold if you hadn' t been caught in ____?rain. [单选题] *A. a, /B. a, aC. a,the(正确答案)D. /, /14、We _______ swim every day in summer when we were young. [单选题] *A. use toB. are used toC. were used toD. used to(正确答案)15、This year our school is _____ than it was last year. [单选题] *A. much more beautiful(正确答案)B. much beautifulC. the most beautifulD. beautiful16、Sichuan used to have more people than ______ province in China. [单选题] *A. otherB. any other(正确答案)C. anotherD. any others17、32．There are about __________ women doctors in this hospital. [单选题] *A．two hundred ofB．two hundreds ofC．two hundredsD．two hundred (正确答案)18、Jim will _______ New York at 12 o’clock. [单选题] *A. get onB. get outC. get offD. get to(正确答案)19、Jeanne's necklace was _____ 500 francs at most. [单选题] *A. worthyB. costC. worth(正确答案)D. valuable20、It was _____ that the policy of reform and opening up came into being in China. [单选题] *A. in the 1970s(正确答案)B. in 1970sC. in the 1970s'D. in 1970's21、—______?—He can do kung fu.（）[单选题] *A. What does Eric likeB. Can Eric do kung fuC. What can Eric do(正确答案)D. Does Eric like kung fu22、I passed the test, I _____ it without your help. [单选题] *A.would not passB. wouldn't have passed(正确答案)C. didn't passD.had not passed23、Having stayed in the United States for more than ten years, he got an American（）[单选题] *A. speechB. accent(正确答案)C. voiceD. sound24、28．The question is very difficult. ______ can answer it. [单选题] * A．EveryoneB．No one(正确答案)C．SomeoneD．Anyone25、Is there ____ for one more in the car? [单选题] *A. seatB. situationC. positionD. room(正确答案)26、He does ______ in math.（）[单选题] *A. goodB. betterC. well(正确答案)D. best27、The travelers arrived _______ Xi’an _______ a rainy day. [单选题] *A. at; inB. at; onC. in; inD. in; on(正确答案)28、Tom’s sister is a nurse. I met _______ in the street yesterday . [单选题] *A. sheB. hersC. himD. her(正确答案)29、17．—When ________ they leave here?—Tomorrow morning. [单选题] * A．doB．will(正确答案)C．doesD．are30、I saw the boy _______?the classroom. [单选题] *A. enter intoB. enter(正确答案)C. to enter intoD. to enter。
高级财务会计-第7版全书教案
高级财务会计-第7版全书教案完整版第一章企业合并会计二、本章重点、难点内容及应注意的问题1．本章重点内容（1）企业合并的含义（2）企业合并的类型（3）企业合并的会计处理2．本章难点内容（1）同一控制下企业合并与非同一控制下企业合并会计处理的区别（2）合并商誉的确认与计量3．本章教学中应注意的问题（1）购买法和权益结合法的原理与应用（2）各种企业合并类型会计处理的异同对比（3）采用上市公司案例三、本章应讲授的内容1．企业合并概述（1）企业合并的含义（2）企业合并的类型（3）企业合并会计的主要内容2．同一控制下企业合并的会计处理（1）确认与计量的基本要求（2）一次投资实现企业合并的账务处理（3）分步投资实现企业合并的账务处理（4）信息披露3．非同一控制下企业合并的会计处理（1）确认与计量的基本要求（2）一次投资实现企业合并的账务处理（3）分步投资实现企业合并的账务处理（4）被购买方可辨认净资产公允价值的确定（5）信息披露四、课堂讨论1．讨论题目：如何区分各类企业合并？2．讨论参考资料：《高级财务会计》教材。
3．参考答案：参见《高级财务会计》教材。
五、课堂习题1．习题内容：从《高级财务会计习题与案例》中选取。
2．参考答案：参见《高级财务会计习题与案例》。
六、案例分析选择《财务会计教学案例（第二辑）》《财务会计教学案例（第七辑）》的案例，结合某公司在企业合并中的会计处理进行分析，目的是使学生进一步加强对企业合并种类及其会计处理规则的理解。
七、课堂提问的问题1．吸收合并与控股合并中合并方会计处理的主要区别是什么？2．合并方如何计量合并商誉？3．同一控制下企业合并与非同一控制下企业合并，合并方分别如何计量取得的股权或净资产？为什么？八、本章思考题1．什么是企业合并？2．如何理解企业合并的分类？3．如何理解现行会计准则对各类企业合并的会计处理规范？九、本章作业题《高级财务会计习题与案例》。
十、本章参考书目1.刘永泽，傅荣.高级财务会计[M].7版.大连：东北财经大学出版社，2018.2.傅荣，孙光国.高级财务会计习题与案例[M].7版.大连：东北财经大学出版社，2018.3.刘永泽，傅荣，孙光国. 财务会计教学案例（第二辑）[M].大连：东北财经大学出版社，2012.财务会计教学案例（第七辑）[M].大连：东北财经大学出版社，2018.第二章合并财务报表二、本章重点、难点内容及应注意的问题1．本章重点内容（1）合并财务报表的含义（2）合并范围的确定（3）合并财务报表的编制2．本章难点内容（1）合并财务报表编制过程中的抵销处理原理（2）合并财务报表编制过程中的调整处理3．本章教学中应注意的问题（1）辨析合并日合并报表与合并日后合并报表的种类与编制中的异同点（2）辨析同一控制下企业合并与非同一控制下企业合并的合并报表编制中的不同（3）与内部投资有关的抵销处理、与未分配利润项目有关的调整与抵销处理等是学习中的难点（4）采用上市公司案例三、本章应讲授的内容1．合并财务报表概述（1）合并财务报表的含义（2）合并财务报表的种类（3）合并范围的确定（4）合并报表编制程序2．与内部股权投资有关的抵销处理（1）合并日合并报表的编制中母公司对子公司股权投资的抵销处理（2）合并日后合并报表的编制中母公司对子公司股权投资的抵销处理（3）子公司对母公司股权投资的抵销处理3．与内部债权债务有关的抵销处理（1）内部债权债务余额的抵销（2）相关利息收益与利息费用的抵销（3）相关坏账准备或减值准备的抵销4．与内部资产交易有关的抵销处理（1）内部存货交易（2）内部固定资产交易（3）内部无形资产交易5．其他问题（1）与外币折算差额有关的合并处理（2）子公司超额亏损的列报（3）合并现金流量表的编制四、课堂讨论1．讨论题目：如何确定合并范围？2．讨论参考资料：《高级财务会计》教材。
上交大《高级财务会计》本科教学资料 课后习题答案 第七章
第七章衍生金融工具会计思考题：1.答：衍生金融工具是由基础金融工具派生而来的，其是价值随基础变量变动而变动的待执行合同。
《企业会计准则第22号——金融工具确认与计量》中指出，衍生金融工具是指具有下列特征的金融工具或其他合同：（1）其价值随特定利率、金融工具价格、汇率、价格指数、费率指数、信用等级、信用指数或其他类似变量的变动而变动。
（2）不要求初始净投资，或与对市场变化有类似反应的其他类型合同相比，要求很少的净投资。
（3）在未来某一日期结算。
2.答：衍生金融工具按照不同的交易方法与特点，可以分为远期合同、期货合同、期权合同、互换合同、结构化金融衍生工具等。
按照衍生金融工具的不同使用方向，其又可以分为股票市场中的衍生金融工具、外汇市场中的衍生金融工具、利率市场中的衍生金融工具。
按照衍生金融工具的不同交易性质，其又可以分为远期交易性质的衍生金融工具、选择权交易性质的衍生金融工具。
3.答：我国《企业会计准则第24号——套期保值》的定义为：套期保值是指企业为规避外汇风险、利率风险、商品价格风险、股票价格风险、信用风险等，指定一项或一项以上套期工具，使套期工具的公允价值或现金流量变动，预期抵消被套期项目全部或部分公允价值或现金流量变动。
4.答：公允价值套期是指对源于某类特定风险的、将影响企业损益的公允价值变动风险进行的套期。
公允价值套期主要适用于以下被套期项目：已确认资产或负债、尚未确认的确定承诺，或该资产、负债、尚未确认的确定承诺中的可辨认部分。
金流量套期是指对源于，某类特定风险的、将影响企业损益的现金流量变动方向进行的套期。
可以指定为现金流量套期的被套期项目包括：已确认资产或负债、很可能发生的预期交易。
核算题：1.（1）4月29日开仓时，交纳保证金金额为：4 850×300×10%=145 500（元）交纳手续费金额为：4 850×300×0.0003=436.50（元）会计处理为：借：财务费用 436.50 贷：银行存款 436.50 借：衍生工具——股指期货合同 145 500 贷：银行存款 145 500 （2）由于投资者购买的是多头，而4月30日出现了下跌，即该投资者发生亏损，需要按照交易所的规定补交保证金。
运筹学习题答案第七章共29页PPT资料
安徽大学管理学院
电话：5108157(H)，5107443(O) E-mail: Hongwen9509_cnsina
洪文
运筹学教程
第七章习题解答
7.1 现有天然气站A，需铺设管道到用气单位E，
可中以间选加择压的站设 ，计各路线线路如的下费图用所已示标，在线Bl，段…旁，(单D位2各：点万是 元)，试设计费用低的路线。
-
-
1
64
2
0 64 68 -
-
2
68
3
0 64 68 78 -
3
78
4
0 64 68 78 76 3
78
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运筹学教程
第七章习题解答
状态（可能的 投资数）
0 1 2 3 4
工厂2 决策（分配资金）
01234
0
-
-
-
-
64 42 -
7.5 为保证某设备正常运转，需对串联工作的三
种不同零件Al，A2，A3，分别确定备件数量。若增加 备用零件的数量，可提高设备正常运转的可靠性，但
费用要增加，而总投资额为8千元。已知备用零件数与
它的可靠性和费用关系如表7-2l所示，求Al，A2，A3的 备用零件数量各为多少时，可使设备运转的可靠性最
运行模型后，1月生产5，2月生产6，最小费用为67。
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School of Management
运筹学教程
第七章习题解答
7.4 某公司有资金4万元，可向A，B，C三个项目 投资，已知各项目不同投资额的相应效益值如表7-20 所示，问如何分配资金可使总效益最大。
杭电 中财 7 固定资产答案
第七章固定资产一、单项选择题CADAA B CDDC DADCD BCACC CCA二、多项选择题1. BCD2. BC3. ACE4. BC5. ACD6. ABCD7.ABCD8.ABCD9.ABCD 10.BC11.ABCD 12.ACD 13.ABCD 14.ABD三、判断题1.×；2.√；3.√；4.×；5.√；6. ×；7.×；8.×；9.×；10. √； 11. ×； 12. √四、计算分析题1. 【答案】该设备第一年计提折旧=200000×40%=80000（元）第二年计提折旧=（200000-80000）×40%=48000（元）第三年计提折旧=（200000-80000-48000）×40%=28800（元）第四年前6个月应计提折旧=（200000-80000-48000-28800-200000×5%）÷2×6/12=8300（元）该设备报废时已提折旧=80000+48000+28800+8300=165100（元）该设备报废使企业当期税前利润减少=200000-165100+2000-5000=31900（元）。
2.【答案】2009年11月1日购入，从2009年12月份开始计提折旧2009年按照年数总和法应计提的折旧额＝（498－30）×5/15×1/12＝13（万元）；2010年前11个月和2009年最后一个月是第一个折旧年度2010年前11个月应计提的折旧额＝（498－30）×5/15×11/12＝143（万元）2010年最后一个月属于第二个折旧年度中第一个月，应计提折旧额＝（498－30）×4/15×1/12＝10.4（万元）2010年应计提的折旧额＝143+10.4＝153.4（万元）。
财务管理课后答案第七章
Chapter 7Problems1. City Farm Insurance has collection centers across the country to speed up collections. The company alsomakes its disbursements from remote disbursement centers. The collection time has been reduced by two days and disbursement time increased by one day because of these policies. Excess funds are being invested in short-term instruments yielding 12 percent per annum.a. If City Farm has $5 million per day in collections and $3 million per day in disbursements, howmany dollars has the cash management system freed up?b. How much can City Farm earn in dollars per year on short-term investments made possible by thefreed-up cash?7-1. Solution:City Farm Insurancea. $5,000,000 daily collections× 2.0 days speed up = $10,000,000 additional collections$3,000,000 daily disbursements× 1.0 days slow down = $ 3,000,000 delayed disbursements$13,000,000 freed-up fundsb. $13,000,000 freed-up funds12% interest rate$1,560,000 interest on freed-up cash2. Nicholas Birdcage Company of Hollywood ships cages throughout the country. Nicholas has determined that through the establishment of local collection centers around the country, he can speed up the collection of payments by one and one-half days. Furthermore, the cash management department of his bank has indicated to him that he can defer his payments on his accounts by one-half day without affecting suppliers. The bank has a remote disbursement center in Florida.a. If the company has $4 million per day in collections and $2 million per day in disbursements, howmany dollars will the cash management system free up?b. If the company can earn 9 percent per annum on freed-up funds, how much will the income be?c. If the annual cost of the new system is $700,000, should it be implemented?7-2. Solution:Nicholas Birdcage Company of Hollywooda. $4,000,000 daily collections× 1.5 days speed up = $6,000,000 additional collections$2,000,000 daily disbursements× .5 days slow down = $1,000,000 delayed disbursements$7,000,000 freed-up fundsb.$7,000,000 freed-up funds9% interest rate$630,000 interest on freed-up cash⨯ c.No. The annual income of $630,000 is $70,000 less than the annual cost of $700,000 for the new system.3. Megahurtz International Car Rentals has rent-a-car outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in 2003, it held 100,000 reals in Brazil worth 35,000 dollars. It drew 12 percent interest, but the Brazilian real declined 20 percent against the dollar. a . What is the value of its holdings, based on U.S. dollars, at year-end (Hint: multiply $35,000 times 1.12 and then multiply the resulting value by 80 percent.)b .What is the value of its holdings, based on U.S. dollars, at year-end if it drew 9 percent interest and the real went up by 10 percent against the dollar? 7-3.Solution:Megahurtz International Car Rentala.$35,000 × 1.12 = $39,200$39,200 × 80% = $31,360 dollar value of real holdings b.$35,000 × 1.09 = $38,150$38,150 × 110% = $41,965 dollar value of real holdings4. Thompson Wood Products has credit sales of $2,160,000 and accounts receivable of $288,000. Computethe value of the average collection period. 7-4.Solution:Thompson Wood ProductsAccounts ReceivableAverage collection period Average daily credit sales$288,000$2,160,000/360$288,00048days $6,000====5. Lone Star Petroleum Co. has annual credit sales of $2,880,000 and accounts receivable of $272,000. Compute the value of the average collection period. 7-5.Solution:Lone Star Petroleum Co.Accounts ReceivableAverage collection period Average daily credit sales$272,000$2,288,000/360$272,0008,00034days====6. Knight Roundtable Co. has annual credit sales of $1,080,000 and an average collection period of 32 days in 2008. Assume a 360-day year. What is the company ’s average accounts receivable balance? Accounts receivable are equal to the average daily credit sales times the average collection period. 7-6.Solution:Knight Roundtable Co.$1,080,000annual credit sales$3,000credit sales a day 360days per year=$3,000 average 32 average $96,000 average accounts daily credit sales collection period receivable balance=⨯ 7. Darla ’s Cosmetics has annual credit sales of $1,440,000 and an average collection period of 45 days in 2008. Assume a 360-day year.What is the company ’s average accounts receivable balance? Accounts receivable are equal to the average daily credit sales times the average collection period. 7-7.Solution:Darla ’s Cosmetic Company$1,440,000 annual credit sales/360 = $4,000 per day credit sales$4,000 credit sales × 45 average collection period = $180,000 average accounts receivable balance8. In Problem 7, if accounts receivable change to $200,000 in the year 2009, while credit sales are$1,800,000, should we assume the firm has a more or a less lenient credit policy? 7-8.Solution:Darla ’s Cosmetics (Continued)To determine if there is a more lenient credit policy, compute the average collection period.Accounts ReceivableAverage collection period Average daily credit sales$200,000$1,800,000/360$200,00040 days $5,000====Since the firm has a shorter average collection period, it appears that the firm does not have a more lenient credit policy.9. Hubbell Electronic Wiring Company has an average collection period of 35 days. The accounts receivable balance is $105,000. What is the value of its credit sales? 7-9.Solution:Hubbell Electronic Wiring CompanyAccounts receivable Average collection period Average daily credit sales$105,00035 days credit sales 360$105,000Credit sales/36035 daysCredit sales/360$3,000 credit sales per dayCredit sales $3,==⎛⎫ ⎪⎝⎭===000360$1,080,000⨯=10.Marv ’s Women ’s Wear has the following schedule for aging of accounts receivable.Age of Receivables, April 30, 2004(1) (2)(3) (4)Month of SalesAge of AccountAmounts Percent of AmountDue April ....................................... 0–30 $ 88,000 ____ March .....................................31–6044,000____February ................................. 61–90 33,000 ____January ................................... 91–120 55,000 ____Total receivables ................. $220,000 100%a. Fill in column (4) for each month.b. If the firm had $960,000 in credit sales over the four-month period, compute the averagecollection period. Average daily sales should be based on a 120-day period.c. If the firm likes to see its bills collected in 30 days, should it be satisfied with the averagecollection period?d. Disregarding your answer to part c and considering the aging schedule for accounts receivable,should the company be satisfied?e. What additional information does the aging schedule bring to the company that the averagecollection period may not show?7-10. Solution:Marv’s Women’s WearAge of Receivables, April 30, 2004a.(1)(2)(3)(4)Month of Sales Age of Account Amounts Percent of AmountDueApril 0-30 $ 88,000 40% March 31-60 44,000 20% February 61-90 33,000 15% January 91-120 55,000 25% Total receivables $220,000 100%b.Accounts receivable Average Collection PeriodAverage daily credit sales$220,000$960,000/120$220,000$8,00027.5 days====c. Yes, the average collection of 27.5 days is less than 30 days.d. No. The aging schedule provides additional insight that 60 percent of the accounts receivableare over 30 days old.e. It goes beyond showing how many days of credit sales accounts receivables represent, toindicate the distribution of accounts receivable between various time frames.11. Nowlin Pipe & Steel has projected sales of 72,000 pipes this year, an ordering cost of $6 per order, and carrying costs of $2.40 per pipe. a . What is the economic ordering quantity?b . How many orders will be placed during the year?c .What will the average inventory be? 7-11.Solution:Nowlin Pipe and Steel Companya.EOQ 600 units=====b. 72,000 units/600 units = 120 ordersc.EOQ/2 = 600/2 = 300 units (average inventory)12.Howe Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Howe anticipates sales of 126,000 units per year, an ordering cost of $4 per order, and carrying costs of $1.008 per unit. a . What is the economic ordering quantity?b . How many orders will be placed during the year?c . What will the average inventory be?d .What is the total cost of inventory expected to be? 7-12.Solution:Howe Corp.a.EOQ 1,000 units ===b.126,000 units/1,000 units = 126 orders7-12. (Continued)c. EOQ/2 = 1,000/2 = 500 units (average inventory)d.126 orders × $4 ordering cost = $ 504 500 units × $1.008 carrying cost per unit = 504 Total costs= $1,00813. (See Problem 12 for basic data.) In the second year, Howe Corporation finds it can reduce ordering costs to $1 per order but that carrying costs will stay the same at $1.008 per unit. a . Recompute a, b, c , and d in Problem 12 for the second year. b .Now compare years one and two and explain what happened. 7-13.Solution:Howe Corp. (Continued)a.EOQ 500 units=====126,000 units/500 units = 252 ordersEOQ/2 = 500/2 = 250 units (average inventory) 252 orders × $1 ordering cost = $252 250 units × $1.008 carrying cost per unit = 252 Total costs = $504b.The number of units ordered declines 50%, while the number of orders doubles. The average inventory and total costs both decline by one-half. Notice that the total cost did not decline in equal percentage to the decline in ordering costs. This is because the change in EOQ and other variables (½) is proportional to the square root of the change in ordering costs (¼).14. Higgins Athletic Wear has expected sales of 22,500 units a year, carrying costs of $1.50 per unit, and an ordering cost of $3 per order. a . What is the economic order quantity?b . What will be the average inventory? The total carrying cost?c .Assume an additional 30 units of inventory will be required as safety stock. What will the new average inventory be? What will the new total carrying cost be? 7-14.Solution:Higgins Athletic Weara. EOQ==300 units ===b. EOQ/2 = 300/2 = 150 units (average inventory)150 units × $1.50 carrying cost/unit = $225 total carrying costc.EOQAverage inventory Safety Stock230030150301802=+=+=+=180 inventory × $1.50 carrying cost per year= $270 total carrying cost15. Dimaggio Sports Equipment, Inc., is considering a switch to level production. Cost efficiencies would occur under level production, and aftertax costs would decline by $35,000, but inventory would increase by $400,000. Dimaggio would have to finance the extra inventory at a cost of 10.5 percent.a. Should the company go ahead and switch to level production?b. How low would interest rates need to fall before level production would be feasible?7-15. Solution:Dimaggio Sports Equipment, Inc.a. Inventory increases by $400,000× interest expense 10.5%Increased costs $ 42,000Less: Savings 35,000Loss ($ 7,000)Don’t switch to level production. Increased ROI is less than the interest cost of moreinventory.b. If interest rates fall to 8.75% or less, the switch would be feasible.$35,000 Savings8.75%$400,000 increased inventory=16. Johnson Electronics is considering extending trade credit to some customers previously considered poorrisks. Sales will increase by $100,000 if credit is extended to these new customers. Of the new accounts receivable generated, 10 percent will prove to be uncollectible. Additional collection costs will be 3 percent of sales, and production and selling costs will be 79 percent of sales. The firm is in the 40percent tax bracket.a. Compute the incremental income after taxes.b. What will Johnson’s incremental return on sales be if these new credit customers are accepted?c. If the receivable turnover ratio is 6 to 1, and no other asset buildup is needed to serve the newcustomers, what will Johnson’s incremental return on new average investment be?7-16. Solution:Johnson Electronicsa. Additional sales ............................................................................................ $100,000Accounts uncollectible (10% of new sales) .................................................. – 10,000Annual incremental revenue ......................................................................... $ 90,000Collection costs (3% of new sales) ............................................................... – 3,000Production and selling costs (79% of new sales) .......................................... – 79,000Annual income before taxes ......................................................................... $ 8,000Taxes (40%) .................................................................................................. – 3,200Incremental income after taxes ..................................................................... $ 4,800b.Incremental income Incremental return on salesIncremental sales$4,800/$100,000 4.8%===c. Receivable turnover = Sales/Receivable turnover = 6xReceivables = Sales/Receivable turnover= $100,000/6= $16,666.67Incremental return on new average investment = $4,800/$16,666.67 = 28.80%17. Collins Office Supplies is considering a more liberal credit policy to increase sales, but expects that 9 percent of the new accounts will be uncollectible. Collection costs are 5 percent of new sales, production and selling costs are 78 percent, and accounts receivable turnover is five times. Assume income taxes of 30 percent and an increase in sales of $80,000. No other asset buildup will be required to service the new accounts.a. What is the level of accounts receivable to support this sales expansion?b. What would be Collins’s incremental aftertax return on investment?c. Should Collins liberalize credit if a 15 percent aftertax return on investment is required?Assume Collins also needs to increase its level of inventory to support new sales and that inventory turnover is four times.d. What would be the total incremental investment in accounts receivable and inventory to support a$80,000 increase in sales?e. Given the income determined in part b and the investment determined in part d, should Collinsextend more liberal credit terms?7-17. Solution:Collins Office Suppliesa.$80,000 Investment in accounts receivable$16,0005==b. Added sales .................................................................................................. $ 80,000Accounts uncollectible (9% of new sales) .................................................... – 7,200Annual incremental revenue ......................................................................... $ 72,800Collection costs (5% of new sales) ............................................................... – 4,000Production and selling costs (78% of new sales) – 62,400Annual income before taxes ......................................................................... $ 6,400Taxes (30%) .................................................................................................. – 1,920Incremental income after taxes ..................................................................... $ 4,480Return on incremental investment = $4,480/$16,000 = 28%c. Yes! 28% exceeds the required return of 15%.7-17. (Continued)d.$80,000 Investment in inventory =$20,0004=Total incremental investmentInventory $20,000Accounts receivable 16,000Incremental investment $36,000 $4,480/$36,000 = 12.44% return on investmente. No! 12.44% is less than the required return of 15%.18. Curtis Toy Manufacturing Company is evaluating the extension of credit to a new group of customers.Although these customers will provide $240,000 in additional credit sales, 12 percent are likely to be uncollectible. The company will also incur $21,000 in additional collection expense. Production and marketing costs represent 72 percent of sales. The company is in a 30 percent tax bracket and has a receivables turnover of six times. No other asset buildup will be required to service the new customers.The firm has a 10 percent desired return on investment.a. Should Curtis extend credit to these customers?b. Should credit be extended if 14 percent of the new sales prove uncollectible?c .Should credit be extended if the receivables turnover drops to 1.5 and 12 percent of the accounts are uncollectible (as was the case in part a ). 7-18.Solution:Curtis Toy Manufacturing Companya.Added sales ...................................................................................................... $240,000 Accounts uncollectible (12% of new sales) ...................................................... 28,800 Annual incremental revenue ............................................................................. 211,200 Collection costs ................................................................................................ 21,000 Production and selling costs (72% of new sales) .............................................. 172,800 Annual income before taxes ............................................................................. 17,400 Taxes (30%) ...................................................................................................... 5,220 Incremental income after taxes .........................................................................$ 12,180$240,000Receivable turnover 6.0x6.040,000 in new receivables==$12,180Return on incremental investment 30.45%$40,000==b.Added sales .................................................................................................. $240,000 Accounts uncollectible (14% of new sales) .................................................. – 33,600 Annual incremental revenue ......................................................................... $206,400 Collection costs ............................................................................................ – 21,000 Production and selling costs (72% of new sales) .......................................... –172,800 Annual income before taxes ......................................................................... $ 12,600 Taxes (30%) .................................................................................................. – 3,780 Incremental income after taxes .....................................................................$ 8,820$8,820Return on incremental investment 22.05%$40,000==Yes, extend credit.7-18. (Continued)c.If receivable turnover drops to 1.5x, the investment in accounts receivable would equal $240,000/1.5 = $160,000. The return on incremental investment, assuming a 12% uncollectible rate, is 7.61%.$12,180==Return on incremental investment7.61%$160,000The credit should not be extended. 7.61% is less than the desired 10%.19. Reconsider problem 18. Assume the average collection period is 120 days. All other factors are the same(including 12 percent uncollectibles). Should credit be extended?7-19. Solution:Curtis Toy Manufacturing Company (Continued)First compute the new accounts receivable balance.Accounts receivable = average collection period × average daily sales240,000⨯=⨯=120 days120$667$80,040360 daysorAccounts receivable = sales/accounts receivable turnover360 days==Accounts receivable turnover3x120 days=$240,000/3$80,000Then compute return on incremental investment.$12,18015.23%=$80,000Yes, extend credit. 15.23% is greater than 10%.20. Apollo Data Systems is considering a promotional campaign that will increase annual credit sales by $600,000. The company will require investments in accounts receivable, inventory, and plant and equipment. The turnover for each is as follows:Accounts receivable (5x)Inventory (8x)Plant and equipment (2x)All $600,000 of the sales will be collectible. However, collection costs will be 3 percent of sales, and production and selling costs will be 77 percent of sales. The cost to carry inventory will be 6 percent of inventory. Depreciation expense on plant and equipment will be 7 percent of plant and equipment. The tax rate is 30 percent.a. Compute the investments in accounts receivable, inventory, and plant and equipment based on theturnover ratios. Add the three together.b. Compute the accounts receivable collection costs and production and selling costs and add thetwo figures together.c. Compute the costs of carrying inventory.d. Compute the depreciation expense on new plant and equipment.e. Add together all the costs in parts b, c, and d.f. Subtract the answer from part e from the sales figure of $600,000 to arrive at income before taxes.Subtract taxes at a rate of 30 percent to arrive at income after taxes.g. Divide the aftertax return figure in part f by the total investment figure in part a. If the firm has arequired return on investment of 12 percent, should it undertake the promotional campaigndescribed throughout this problem.7-20. Solution:Apollo Data Systemsa. Accounts receivable = sales/accounts receivable turnover=$120,000$600,000/5Inventory = sales/inventory turnover=$75,000$600,000/8Plant and equipment = sales/(plant and equipment turnover)=$600,000/2$300,000Total investment$495,0007-20. (Continued)b. Collection cost = 3% × $600,000 $ 18,000Production and selling costs = 77% × $600,000 = 462,000Total costs related to accounts receivable $480,000c. Cost of carrying inventory6% × inventory6% × $75,000 $4,500d. Depreciation expense7% × Plant and Equipment7% × $300,000 $21,000e. Total costs related to accounts receivable $480,000Cost of carrying inventory 4,500Depreciation expense 21,000Total costs $505,500f. Sales $600,000– total costs 505,500 Income before taxes 94,500 Taxes (30%) 28,350 Income after taxes $ 66,150g. Income after taxes$66,15013.36%Total investment495,000==Yes, it should undertake the campaignThe aftertax return of 13.36% exceeds the required rate of return of 12%21. In Problem 20, if inventory turnover had only been 4 times:a. What would be the new value for inventory investment?b. What would be the return on investment? You need to recompute the total investment and thetotal costs of the campaign to work toward computing income after taxes. Should the campaign beundertaken?7-21. Solution:Apollo Data Systems (Continued)a. Inventory = sales/inventory turnover$150,000 = $600,000/4b. New Total InvestmentAccounts receivable $120,000Inventory 150,000Plant and equipment 300,000$570,000Total Cost of the CampaignCost of carrying inventory6% × $150,000 = $9,000 ($4,500 more than previously)New Income After TaxesSales $600,000– total costs 510,000 ($505,500 + 4,500)Income before taxes 90,000Taxes (30%) 27,000Income after taxes $ 63,000Income after taxes$63,00011.05%Total investment570,000==No, the campaign should not be undertakenThe aftertax return of 11.05% is less than the required rate of return of 12%(Problems 22–25 are a series and should be taken in order.)22. Maddox Resources has credit sales of $180,000 yearly with credit terms of net 30 days, which is also theaverage collection period. Maddox does not offer a discount for early payment, so its customers take the full 30 days to pay.What is the average receivables balance? What is the receivables turnover?7-22. Solution:Maddox ResourcesSales/360 days = average daily sales$180,000/360 = $500Accounts receivable balance = $500 × 30 days = $15,000Receivable turnover =Sales$180,00012x Receivables$15,000==or360 days/30 = 12x23. If Maddox were to offer a 2 percent discount for payment in 10 days and every customer took advantageof the new terms, what would the new average receivables balance be? Use the full sales of $180,000 for your calculation of receivables.7-23. Solution:Maddox Resources (Continued)$500 × 10 days = $5,000 new receivable balance24. If Maddox reduces its bank loans, which cost 12 percent, by the cash generated from its reducedreceivables, what will be the net gain or loss to the firm?7-24. Solution:Maddox Resources (Continued)Old receivables – new receivables with discount = Funds freed by discount$15,000 – $5,000 .................................................................... = $10,000Savings on loan = 12% × $10,000 ............................................ = $ 1,200Discount on sales = 2% × $180,000 ......................................... = (3,600)Net change in income from discount ........................................ $(2,400) No! Don’t offer the discount since the income from reduced bank loans does not offset the loss onthe discount.25. Assume that the new trade terms of 2/10, net 30 will increase sales by 20 percent because the discountmakes the Maddox price competitive. If Maddox earns 16 percent on sales before discounts, should it offer the discount? (Consider the same variables as you did for problems 22 through 24.)7-25. Solution:Maddox Resources (Continued)New sales = $180,000 × 1.20 = $216,000 Sales per day = $216,000/360 = $600 Average receivables balance = $600 × 10 = $6,000 Savings in interest cost ($15,000 – $6,000) × 12% = 1,080Increase profit on new sales = 16% × $36,000* = $5,760Reduced profit because of discount = 2% × $216,000 = (4,320) Net change in income ................................................................................... $2,520 Yes, offer the discount because total profit increases.*New Sales $36,000 = $216,000 – $180,000COMPREHENSIVE PROBLEMBailey Distributing Company sells small appliances to hardware stores in the southern California area. Michael Bailey, the president of the company, is thinking about changing the credit policies offered by the firm to attract customers away from competitors. The current policy calls for a 1/10, net 30, and the new policy would call for a 3/10, net 50. Currently 40 percent of Bailey customers are taking the discount, and it is anticipated that this number would go up to 50 percent with the new discount policy. It is further anticipated that annual sales would increase from a level of $200,000 to $250,000 as a result of the change in the cash discount policy.The increased sales would also affect the inventory level. The average inventory carried by Bailey is based on a determination of an EOQ. Assume unit sales of small appliances will increase from 20,000 to 25,000 units. The ordering cost for each order is $100 and the carrying cost per unit is $1 (these values will not change with the discount). The average inventory is based on EOQ/2. Each unit in inventory has an average cost of $6.50.Cost of goods sold is equal to 65 percent of net sales; general and administrative expenses are 10 percentof net sales; and interest payments of 12 percent will be necessary only for the increase in the accounts receivable and inventory balances. Taxes will equal 25 percent of before-tax income.a. Compute the accounts receivable balance before and after the change in the cash discount policy.Use the net sales (Total sales – Cash discounts) to determine the average daily sales and theaccounts receivable balances.b. Determine EOQ before and after the change in the cash discount policy. Translate this intoaverage inventory (in units and dollars) before and after the change in the cash discount policy.c. Complete the income statement.Before Policy Change After Policy ChangeNet sales (Sales – Cash discounts)Cost of goods soldGross profitGeneral and administrativeexpenseOperating profitInterest on increase in accountsreceivable and inventory (12%)Income before taxesTaxesIncome after taxesd. Should the new cash discount policy be utilized? Briefly comment.CP 7-1. Solution:Bailey Distributing Companya. Accounts receivable = average collection × averageperiod daily sales Before Policy ChangeAverage collection period.40 × 10 days = 4.60 × 30 days = 1822 daysAverage daily sales。
高级财务会计_南京财经大学中国大学mooc课后章节答案期末考试题库2023年
高级财务会计_南京财经大学中国大学mooc课后章节答案期末考试题库2023年1.下列项目中，关于应纳税暂时性差异的描述正确的是（）。
答案:将导致未来期间应纳税所得额的增加2.开源公司于2×16年1月1日起对一台管理用的机器设备计提折旧，原价为200万元，预计使用年限为10年（不考虑净残值因素），按直线法计提折旧。
由于技术进步的原因，从2×19年1月1日起，决定对原估计的使用年限改为7年，同时改按年数总和法计提折旧。
开源公司2×19年应计提的折旧额为（）。
答案:56万元3.下列各公司中，应当纳入其母公司合并财务报表合并范围的是（）。
答案:投资方具有控制权的子公司4.在资产负债表日后期间董事会提出的利润分配方案中，涉及的现金股利及股票股利分配事项属于（）。
答案:非调整事项5.开源公司于2×20年1月购入一项无形资产A，入账价值为300万元，会计上采用直线法分10年进行摊销，假定税法规定采用年数总和法按5年进行摊销。
会计与税法上预计净残值均为0。
2×20年末无形资产A的计税基础为（）。
答案:200万元6.企业因经营所处的主要经济环境发生重大变化，确需变更记账本位币时，应当采用的汇率是（）。
答案:变更当日的即期汇率7.下列关于资产的计税基础说法正确的是（）。
答案:开源公司拥有一项交易性金融资产，取得时成本为200万元，持有过程中公允价值增加40万元，则该项交易性金融资产的计税基础为200万元8.开源公司于2×19年12月3日用无形资产（专利权）换取B公司60%的股权。
另以银行存款支付评估咨询费等20万元。
无形资产原价为100万元，已摊销20万元，公允价值200万元。
假定合并前开源公司与B公司不存在任何关联方关系，B公司当日可辨认净资产公允价值为500万元，开源公司因该项投资形成处置损益的金额为（）。
答案:120万元9.开源公司2×19年1月取得一项无形资产，成本为320万元，因其使用寿命无法合理估计，会计上视为使用寿命不确定的无形资产，不予摊销。
2015秋浙江大学网络学院《高级会计》在线作业及答案
2015秋浙江大学网络学院《高级会计》在线作业及答案1．第1题某企业对外币业务采用发生当日的市场汇率进行折算，按月计算汇兑损益。
2009年4月30日市场汇率＄1=￥8.28，“银行存款――美元户”余额＄10000，5月10日将＄3000售给银行兑换人民币，当日市场汇率为＄1＝￥8.27，银行买入价为＄1=￥8.17，5月31日市场汇率＄l=￥8.26，无其他外币账户或业务。
5月份外币兑换和外币持有合计影响“财务费用――汇兑损益”的金额为( )元。
A.300B.170C.470D.130您的答案：C题目分数：2.0此题得分：2.02．第5题A公司发生的下列交易中，属于非货币性资产交换的是（）。
A.以公允价值为200万元的手机换入甲公司的一项生产手机零件的流水线，并支付补价60万元B.以账面价值为100万元的固定资产换入乙股份有限公司公允价值为100万元的液晶电视一批，用于职工福利，并支付乙股份有限公司补价25万元C.以公允价值为320万元的专利设备换入某公司一项电子设备，并支付补价140万元D.用一项准备随时变现的股票投资换入丙公司公允价值为300万元的生产设备一台，并支付补价110万元您的答案：A题目分数：2.0此题得分：2.03．第8题甲公司于2008年10月25日接到银行通知，向该银行的借款已逾期，银行已向法院起诉，要求归还本息 250万元，另支付逾期罚息20万元。
至2008年12月 31日法院尚未作出判决。
对于此诉讼，甲公司预计除需偿还全部本息外，有 70％的可能性还需支付罚息10--15万元，有95％的可能性支付诉讼费3万元。
据此，甲公司2008年12月31日应确认的预计负债金额为（）万元。
A.11.6B.15.5C.18D.23您的答案：B题目分数：2.0此题得分：2.04．第9题资本化率应当根据（）确定。
A.一般借款的实际利率B.一般借款的名义利率C.一般借款的利率D.一般借款的加权平均利率您的答案：D题目分数：2.0此题得分：2.05．第10题某企业进口原料10吨，每吨价格1000美元，货到当日的即期汇率为1美元=8.2人民币，另用人民币支付进口关税为13500元人民币，支付进口增值税16235元人民币，货款尚未支付，该项存货的入账价值为（）元A.82000B.111735C.95500D.13461您的答案：C题目分数：2.0此题得分：2.06．第11题下列事项中，C公司必须纳入A公司合并范围的情况是（）。
中国大学mooc《高级财务会计(江西财经大学) 》满分章节测试答案
title高级财务会计(江西财经大学) 中国大学mooc答案100分最新版content第一章合伙企业会计第一章单元测验1、会计年度终了，“本年利润”账户中的损益，应按合伙协议的规定转入：（）A:利润分配B:合伙人资本C:应付合伙人贷款D:应收合伙人借款答案: 合伙人资本2、合伙企业以资产支付合伙人的工资津贴与利息津贴时，应借记的账户是：（）A:管理费用B:本年利润C:利润分配D:合伙人提款答案: 合伙人提款3、红利法下，新合伙人的出资额大于其所获得的股权的价值时，正确的会计分录是：（）A: 借: 库存现金贷:合伙人资本—原合伙人—新合伙人B:借: 库存现金商誉贷:业主资本—新合伙人C:借: 库存现金合伙人资本—原合伙人贷:合伙人资本—新合伙人D:借：库存现金贷：合伙人资本—原合伙人商誉答案: 借: 库存现金贷:合伙人资本—原合伙人—新合伙人4、商誉法, 新合伙人的出资额大于其所获得的股权的价值时,正确的会计分录是：（）A:借:库存现金贷:合伙人资本—原合伙人—新合伙人B:借：库存现金商誉贷: 合伙人资本—原合伙人—新合伙人C:借: 库存现金贷:合伙人资本—原合伙人—新合伙人D:借: 库存现金商誉贷：合伙人资本—新合伙人答案: 借：库存现金商誉贷: 合伙人资本—原合伙人—新合伙人5、安全清算是指：（）A:分配的现金不能小于现有数额B:分配的现金不能超过现有数额C:分配给各合伙人的现金不能超过其分配比例D:分配给各合伙人的现金不能超过其出资比例答案: 分配的现金不能超过现有数额6、关于合伙企业会计特征，以下说法正确的有：（）A:需要设置两个所有者权益账户，即资本账户和提款账户B:会计年度终了，“合伙人提款”账户的余额应转入“合伙人资本”账户C:合伙人从合伙企业提取一笔款项，无论是否有意偿还，均应减少“合伙人资本”账户D:为公平、公正和公开，合伙企业需要编制供公众阅读的财务报告答案: 需要设置两个所有者权益账户，即资本账户和提款账户;会计年度终了，“合伙人提款”账户的余额应转入“合伙人资本”账户7、关于合伙权益变动的会计处理，以下说法正确的有：（）A:某一个合伙人转让其合伙权时，表现在合伙企业账上唯一的改变就是将转让人的资本转成被转让人的资本B:新合伙人入伙前，合伙企业需重估可辨认的资产和负债，并将这些资产和负债的账面价值调整为公允价值C:若新合伙人所得到的资本权益小于其出资额，则以新合伙人的投资额来确定新合伙企业的总价值并推算出商誉D:当新合伙人所得到的资本权益大于其出资额，此时新合伙企业应该以原合伙企业的权益总额为基数来确定合伙企业的总价值并推算出商誉答案: 某一个合伙人转让其合伙权时，表现在合伙企业账上唯一的改变就是将转让人的资本转成被转让人的资本;新合伙人入伙前，合伙企业需重估可辨认的资产和负债，并将这些资产和负债的账面价值调整为公允价值;若新合伙人所得到的资本权益小于其出资额，则以新合伙人的投资额来确定新合伙企业的总价值并推算出商誉;当新合伙人所得到的资本权益大于其出资额，此时新合伙企业应该以原合伙企业的权益总额为基数来确定合伙企业的总价值并推算出商誉8、合伙权益变动时，若新的合伙企业未约定原合伙人在新合伙企业的持股比例，则原合伙人损益分配方法（比例）的作用是：（）A:可用于分配新合伙企业实现的利润B:可用于分配重估资产、负债产生的损益C:可用于推算原合伙人应转让的合伙人资本金额D:可用于推算新合伙企业含商誉在内的权益总额答案: 可用于分配新合伙企业实现的利润;可用于分配重估资产、负债产生的损益;可用于推算原合伙人应转让的合伙人资本金额9、下列关于合伙企业说法正确的是：（）A:合伙企业会计与独资、公司制企业会计的不同之处在于损益分配及所有者权益科目的设置B:合伙企业的财务报告主要是为了满足合伙人、合伙企业债务人和税务机关三类使用者的需要C:合伙企业最公平的损益分配方法应为加权平均资本余额比例分配法D:当某一个合伙人将其合伙权转让给第三者时，表现在合伙企业账上唯一的改变是将转让人的资本转成被转让人的资本答案: 合伙企业会计与独资、公司制企业会计的不同之处在于损益分配及所有者权益科目的设置;合伙企业最公平的损益分配方法应为加权平均资本余额比例分配法;当某一个合伙人将其合伙权转让给第三者时，表现在合伙企业账上唯一的改变是将转让人的资本转成被转让人的资本10、编制安全清算表的基本思路是：（）A:各合伙人均无法行使“无限”责任B:假设所有的非现金资产都有可能损失C:必须预留部分现金以支付可能发生的或有损失D:负担损失能力强的合伙人先于弱的合伙人分配现金答案: 各合伙人均无法行使“无限”责任;假设所有的非现金资产都有可能损失;必须预留部分现金以支付可能发生的或有损失;负担损失能力强的合伙人先于弱的合伙人分配现金11、红利法下，新合伙人的投资额与所获得的股权的数额的差额，在合伙企业的账面上要反映。
财务管理学课后习题答案第7章
思考题1．答题要点：如果通过事后审计将赔偿责任引入投资项目的预测阶段，从积极的方面来说，由于赔偿责任的约束，一方面进行投资预测的工作人员会不断地改进预测方法，总结经验教训，更加认真踏实地做好本职工作，从而提高投资项目预测的准确度，从而持续提高投资管理的效率。
另一方面，进行投资预测的工作人员在进行项目预测时会更加谨慎，从而降低企业的投资风险。
从消极的方面来说，由于赔偿责任的存在，进行预测的工作人员为了规避这种风险，可能故意低估一些风险比较大的项目的决策指标，从而使公司丧失投资效率最高的项目。
另外，某一项目的实际值和预测值的偏差可能是多种原因导致的，其中可能有环境变化方面的原因，可能有投资实施阶段的原因，如果责任划分不清，会使投资项目预测的工作人员感到不公平，降低他们的工作满意度，从而影响他们的工作积极性，主动性和创造性，最终对投资项目造成不利影响。
2．答题要点：按照现金流量的发生时间，投资活动的现金流量可以被分为初始现金流量、营业现金流量和终结现金流量。
初始现金流量一般包括如下的几个部分：（1）投资前费用；（2）设备购置费用；（3）设备安装费用；（4）建筑工程费；（5）营运资金的垫支；（6）原有固定资产的变价收入扣除相关税金后的净收益；（7）不可预见费。
营业现金流量一般以年为单位进行计算。
营业现金流入一般是指营业现金收入，营业现金流出是指营业现金支出和交纳的税金。
终结现金流量主要包括：（1）固定资产的残值收入或变价收入（指扣除了所需要上缴的税金等支出后的净收入）；（2）原有垫支在各种流动资产上的资金的收回；（3）停止使用的土地的变价收入等。
投资决策采用折现现金流量指标更合理的的原因是：（1）非折现指标把不同时间点上的现金收入和支出当作毫无差别的资金进行对比，忽略了资金的时间价值因素，这是不科学的。
而折现指标则把不同时间点收入或支出的现金按照统一的折现率折算到同一时间点上，使不同时期的现金具有可比性，这样才能做出正确的投资决策。
浙江财经大学 高财务会计(邵毅平)课后答案
第一章企业合并一、选择题1．B 2．B 3．A 4．C 5．C 6．C 7．D 8．AB 9．ABD 10．AD二、业务题1．（1）编制P公司对S公司控股合并的会计分录。
借：长期股权投资11 000贷：股本 1 000资本公积10 000（2）编制P公司对S公司吸收合并的会计分录。
借：银行存款200应收账款800库存商品 4 000长期股权投资 1 000固定资产8 000无形资产 1 000贷：短期借款 2 000应付账款 1 000其他应付款 1 000股本 1 000资本公积10 0002．（1）编制合并日A公司对B公司进行控股合并的会计分录。
借：长期股权投资10 000贷：股本 1 000资本公积9 000（2）若A公司发行1600万股普通股（每股面值为1元，每股市价10元）对B公司进行吸收合并，并于当日取得B公司净资产。
编制A公司对B公司吸收合并的会计分录。
借：银行存款200应收账款800库存商品 5 000长期股权投资 1 500固定资产9 500无形资产 2 000商誉 1 000贷：短期借款 2 000应付账款 1 000其他应付款 1 000股本 1 600资本公积14 4003．作购买日A公司取得股权的会计分录；（没有考虑销项税金）借：长期股权投资9 800贷：营业收入 5 000无形资产 2 000营业外收入 2 800借：营业成本 3 000贷：库存商品 3 000案例讨论：1．分别从法律角度和会计角度谈谈本次并购的性质是什么？法律角度，控股合并；会计角度，同一控制下的合并。
2．合并前后的有关公司的控制权发生了哪些变化？粤传媒的控股股东有合并前的大洋实业变为广州传媒；同时，广报经营、大洋传媒、新媒体的控股股东由广州传媒变为粤传媒；但是合并前后实际控制人仍然是广州日报。
3．案例中的交易价格要根据标的资产的评估价来最终确定，可否据此判断该合并属于非同一控制下的合并？对标的资产进行评估的目的和意义是什么？不能据此来判断该合并属于非同一下合并，因为判断合并是同一控制还是非同一控制应该看合并前后是否存在最终控制的一方或多方，本案例属于同一控制下合并。
高级会计师考试科目章节测试题：第七章含答案
高级会计师考试科目章节测试题：第七章含答案一、案例分析题1、在某地区乳品市场，国际品牌KK是知名品牌，尽管价格高，但信誉、质量很好，一直占领着乳品市场的高端市场。
A公司是某地区最大的乳品生产企业，鲜奶销售量占地区的90%。
2001年1月，KK国际和(中国)投资公司将其拥有的中国KK的全部股权转让给A公司，转让费930万美元。
中国KK有年产10万吨的能力，2000年仅仅生产了1.5万吨。
由于“A”鲜奶在当地的垄断，以及其他诸如PP等品牌在酸奶领域的“挤压”，中国KK公司的两个主要产品的发展受到限制。
以超高温灭菌奶为例，KK的白奶、巧克力奶、草莓奶和太妃糖等几个品种“A”都能生产，包装型号没有“A”的多，价格上也不占优势。
这些不利，再加上其他种种因素，公司已经连续7年没有盈利。
在投资一再受挫的情况下，KK最后选择了退场。
之后，中国KK与多家公司的谈判要求出让其全部股权，都不尽如人意。
2000年9月份，中国KK开始与A食品公司接触。
此时，A公司面对迅猛发展的乳制品市场，生产一直处于饱和状态，正准备投资1亿元扩建生产线。
这时，中国KK要退出乳制品市场，KK的市场和生产能力对A来讲非常有用。
面对急于变现股权的KK，A知道这是个机会，但选择了等待，最后KK主动找上门来。
收购过程根据双方谈判达成的协议，A以930万美元的协议价格直接用现金购买总投资约5600万美元的KK85%的股权，低于市场价40%;同时，A一次性偿还中国KK所欠大股东KK食品公司2500万元人民币的借款。
要求：1.从不同角度分析A并购KK公司属于哪种并购方式。
2.分析A并购KK公司的动因。
3.如果你是A公司的高管，请为A公司并购KK设计一套合适的并购流程。
2、A公司是一家大型汽车制造企业，资本比较雄厚，融资渠道广泛，经营管理比较成熟。
A公司认为，必须顺应潮流提供低价格产品，才能在激烈竞争中生存下来。
B公司是一家上市公司，主要从事各类汽车底盘配件的制造及销售，声誉良好，并拥有两个初具规模的基地和先进的加工技术，但该公司规模较小，盈利总额也相应较少，客户以A公司等几家企业为主，其中A公司是其最大的客户。
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第七章外币财务报表折算销货成本采取
平均汇率
区分流动与非流动项目法区分
货币
与非
货币
项目
法时态法
项目美元汇率人民
币汇率
人民
币汇率人民币
货币资金300 6.852055 6.852055 6.85
应收账款500 6.853425 6.853425 6.85
存货1000 6.856850 6.96900 6.85
固定资产3000824000824000824000资产合计4800363303638036330应付票据600 6.854110 6.854110 6.85
长期借款100088000 6.856850 6.85
普通股本3000824000824000824000外币财务报表
折算差额
留存收益2002201420
权益合计4800363303638036330
销售收入10100 6.9570195 6.9570195 6.9570195减：销售成本8000 6.9555600 6.9555600 6.9555600折旧费20081600816008
管理费用300 6.952085 6.952085 6.95
折算损失（负数为收
益）870-330
营业利润1600100401124011190减：所得税500 6.953475 6.953475 6.95
净利润110065657765
加：期初留存
收益000
可分配利润110065657765
减：股利9007.0563457.0563457.05
期末留存收益2002201420
销货成本根据期初存货成本、期末存货成本、本期购货成本倒轧
出来
区分流动与非流动项目法区分
货币
与非
货币
项目
法时态法
项目美元汇率人民
币汇率
人民
币汇率人民币
货币资金300 6.852055 6.852055 6.85
应收账款500 6.853425 6.853425 6.85
存货1000 6.856850 6.96900 6.85
固定资产3000824000824000824000资产合计4800363303638036330应付票据600 6.854110 6.854110 6.85
长期借款100088000 6.856850 6.85
普通股本3000824000824000824000
外币财务报表
折算差额
留存收益2002201420
权益合计4800363303638036330
销售收入10100 6.9570195 6.9570195 6.9570195减：销售成本8000055940055950055940折旧费20081600816008
管理费用300 6.952085 6.952085 6.95
折算损失（负数为收
益）530-680
营业利润1600100401124011190减：所得税500 6.953475 6.953475 6.95
净利润110065657765
加：期初留存
收益000
可分配利润110065657765
减：股利9007.0563457.0563457.05
期末留存收益2002201420
区分流动与非流动项目法销货成本=1200*7.15+7800*6.95-
1000*6.8555940区分货币与非货币项目法销货成本=1200*7.2+7800*6.95-
1000*6.955950时态法销货成本=1200*7.15+7800*6.95-
1000*6.8555940。