Bao Company has a defined benefit plan for its employees.Which of the following chang
A.retirement age.
B.return on plan assets.
C.growth rate of salaries.
A.retirement age.
B.return on plan assets.
C.growth rate of salaries.
第1题
Bao Capital issed a 5-year, $50 million face, 6% semiannual bond when market interest rates were 7%.The market yield of the bonds was 8% at the beginning of the next year.What is the initial balance sheet liability, and what is the interest expense that the company should report for the first half of the second year of the bond’s life (the third semiannual period)”
第4题
(9)
A.The company is a sun-rising firm so it is worthwhile to extend the loan.
B.The company has some accounting problems, some improvement is needed.
C.The company is short of funds because it is sun-rising.
D.The company has some accounting problems because it is sun-rising.
第5题
A.Net income of $10,000.
B.Net income of $180,000.
C.Net loss of $10,000.
D.Net loss of $180,000.
第6题
(9)
A.The U.S. company has to exchange dollars for pounds to make settlement for the goods imported from U.K.
B.The U.S. company must exchange some pounds for dollars before the transaction is made.
C.The U.S. company may directly purchase goods in Britain in sterling pounds.
D.The U.S. company must exchange dollars for euros first.
第7题
. Company Y’s fixed assets have a four-year useful life for financial purpose (which is double the useful life for tax purpose) and are depreciated using the straight-line method.
The effective tax rate for the company is closest to:
A.30.0%
B.26.7%
C.24.0%.
第8题
(i) Following an investigation you discover that commissions were paid to a senior official in one country to ensure that the local drug licensing agency concerned facilitated the acceptance of one of your principal revenue earning drugs for use within its national health service.
(ii) You have discovered that an agent of your firm, aware that the licensing agreement might be forthcoming,
purchased several call option contracts on your company’s equity.
(iii) A senior member of the firm’s treasury team has been taking substantial positions in currency futures in order to protect the risk of loss on the translation of dollar assets into the domestic currency. Over the last 12 months significant profits have been made but the trades do not appear to have been properly authorised. You discover that a long position in 50, $250,000 contracts is currently held but over the last four weeks the dollar has depreciated by 10% and all the signs are that it will depreciate considerably more over the next two months.
(iv) One drug company has managed to copy a novel drug that you have just released for the treatment of various forms of skin cancer. You have patent protection in the country concerned but your company has not been able to initiate proceedings through the local courts. Contacts with the trade officials at your embassy in the country concerned suggest that the government has made sure that the proceedings have not been allowed to proceed.
The company’s chief financial officer has asked you to look into these issues and, with respect to (iv), any World Trade
Organisation (WTO) agreements that might be relevant, and to advise her on how the company should proceed in each case.
Required:
Prepare a memorandum advising the Chief Financial Officer on the issues involved and recommending how she should, in each case and in the circumstances, proceed.
第9题
The capital structure of the company has not changed. The projected net income (in $ millions) for 2008 is closest to:
A.110.1.
B.162.8.
C.167.4.
第10题
(3)
A.A business has an obligation to report the use of the assets to the creditors and owners.
B.A business has an obligation to report the accounts of the company to directors.
C.The creditors and owners have an obligation to report the use of the assets to the business.
D.The assets are not owned by the business, but by the creditors and owners.