单选题What is the average increase in the price of the house per year?A $5,000B $10,000C $14,000D $35,000E $70,000

题目
单选题
What is the average increase in the price of the house per year?
A

$5,000

B

$10,000

C

$14,000

D

$35,000

E

$70,000

相似考题

1.The most common method for pricing out non-burdened labor hours for a three year project would be to:A . Price out the hours at the actual salary of the people to be assigned.B . Price out the work using a company-wide average labor rate.C . Price out the work using a functional group average labor rate.D . All of the above.E . A and B only.

2.For the year just ended，N company had an earnings of$2 per share and paid a dividend of $1．2 0n its Stock．The growth rate in net income and dividend are both expected to be a constant 7 percent per year,indefinitely．N company has a Beta of 0．8，the risk-free interest rate is 6 percent，and the market risk premium is 8 percent．P Company is very similar to N company in growth rate，risk and dividend payout rati0．It had 20 million shares outstanding and an earnings of$36 million for the year just ended．The earnings will increase to$38．5 million the next year．Requirement：A．Calculate the expected rate of return on N company’S equity．B．Calculate N Company’S current price—eaming ratio and prospective price-earning rati0．C．Using N company’S current price-earning rati0，value P company’S stock price．D．Using N company’S prospective price-earning rati0，value P company’S stock price．

3.(d) Calculate the ex dividend share price predicted by the dividend growth model and discuss the company’sview that share price growth of at least 8% per year would result from expanding into the retail cameramarket. Assume a cost of equity capital of 11% per year. (6 marks)

4.100 The most common method for pricing out non-burdened labor hours for a three year project would be to:A. Price out the hours at the actual salary of the people to be assigned.B. Price out the work using a company-wide average labor rate.C. Price out the work using a functional group average labor rate.D. All of the above.E. A and B only

更多“What is the average increase in the price of the house per y”相关问题

  • 第1题：

    (ii) Division C is considering a decision to lower its selling price to customers external to the group to $95

    per kilogram. If implemented, this decision is expected to increase sales to external customers to

    70,000 kilograms.

    Required:

    For BOTH the current selling price of CC of $105 per kilogram and the proposed selling price of $95

    per kilogram, prepare a detailed analysis of revenue, costs and net profits of BAG.

    Note: in addition, comment on other considerations that should be taken into account before this selling

    price change is implemented. (6 marks)


    正确答案：

     

  • 第2题：

    The _______ price in our market is $8 per case.

    A.prevalence

    B.prevailing

    C.prevailed

    D.prevail


    正确答案：B

  • 第3题：

    They find a house, agree a price, and take out a ()through their building society.

    A、mortage

    B、bond

    C、pension

    D、welfare


    参考答案：A

  • 第4题：

    KFP Co, a company listed on a major stock market, is looking at its cost of capital as it prepares to make a bid to buy a rival unlisted company, NGN. Both companies are in the same business sector. Financial information on KFP Co and NGN is as follows:

    NGN has a cost of equity of 12% per year and has maintained a dividend payout ratio of 45% for several years. The current earnings per share of the company is 80c per share and its earnings have grown at an average rate of 4·5% per year in recent years.

    The ex div share price of KFP Co is $4·20 per share and it has an equity beta of 1·2. The 7% bonds of the company are trading on an ex interest basis at $94·74 per $100 bond. The price/earnings ratio of KFP Co is eight times.

    The directors of KFP Co believe a cash offer for the shares of NGN would have the best chance of success. It has been suggested that a cash offer could be financed by debt.

    Required:

    (a) Calculate the weighted average cost of capital of KFP Co on a market value weighted basis. (10 marks)

    (b) Calculate the total value of the target company, NGN, using the following valuation methods:

    (i) Price/earnings ratio method, using the price/earnings ratio of KFP Co; and

    (ii) Dividend growth model. (6 marks)

    (c) Discuss the relationship between capital structure and weighted average cost of capital, and comment on

    the suggestion that debt could be used to finance a cash offer for NGN. (9 marks)


    正确答案：
    (b)(i)Price/earningsratiomethodEarningspershareofNGN=80cpersharePrice/earningsratioofKFPCo=8SharepriceofNGN=80x8=640cor$6·40NumberofordinarysharesofNGN=5/0·5=10millionsharesValueofNGN=6·40x10m=$64millionHowever,itcanbearguedthatareductionintheappliedprice/earningsratioisneededasNGNisunlistedandthereforeitssharesaremoredifficulttobuyandsellthanthoseofalistedcompanysuchasKFPCo.Ifwereducetheappliedprice/earningsratioby10%(othersimilarpercentagereductionswouldbeacceptable),itbecomes7·2timesandthevalueofNGNwouldbe(80/100)x7·2x10m=$57·6million(ii)DividendgrowthmodelDividendpershareofNGN=80cx0·45=36cpershareSincethepayoutratiohasbeenmaintainedforseveralyears,recentearningsgrowthisthesameasrecentdividendgrowth,i.e.4·5%.Assumingthatthisdividendgrowthcontinuesinthefuture,thefuturedividendgrowthratewillbe4·5%.Sharepricefromdividendgrowthmodel=(36x1·045)/(0·12–0·045)=502cor$5·02ValueofNGN=5·02x10m=$50·2million(c)Adiscussionofcapitalstructurecouldstartfromrecognisingthatequityismoreexpensivethandebtbecauseoftherelativeriskofthetwosourcesoffinance.Equityisriskierthandebtandsoequityismoreexpensivethandebt.Thisdoesnotdependonthetaxefficiencyofdebt,sincewecanassumethatnotaxesexist.Wecanalsoassumethatasacompanygearsup,itreplacesequitywithdebt.Thismeansthatthecompany’scapitalbaseremainsconstantanditsweightedaveragecostofcapital(WACC)isnotaffectedbyincreasinginvestment.Thetraditionalviewofcapitalstructureassumesanon-linearrelationshipbetweenthecostofequityandfinancialrisk.Asacompanygearsup,thereisinitiallyverylittleincreaseinthecostofequityandtheWACCdecreasesbecausethecostofdebtislessthanthecostofequity.Apointisreached,however,wherethecostofequityrisesataratethatexceedsthereductioneffectofcheaperdebtandtheWACCstartstoincrease.Inthetraditionalview,therefore,aminimumWACCexistsand,asaresult,amaximumvalueofthecompanyarises.ModiglianiandMillerassumedaperfectcapitalmarketandalinearrelationshipbetweenthecostofequityandfinancialrisk.Theyarguedthat,asacompanygearedup,thecostofequityincreasedataratethatexactlycancelledoutthereductioneffectofcheaperdebt.WACCwasthereforeconstantatalllevelsofgearingandnooptimalcapitalstructure,wherethevalueofthecompanywasatamaximum,couldbefound.Itwasarguedthattheno-taxassumptionmadebyModiglianiandMillerwasunrealistic,sinceintherealworldinterestpaymentswereanallowableexpenseincalculatingtaxableprofitandsotheeffectivecostofdebtwasreducedbyitstaxefficiency.Theyrevisedtheirmodeltoincludethistaxeffectandshowedthat,asaresult,theWACCdecreasedinalinearfashionasacompanygearedup.Thevalueofthecompanyincreasedbythevalueofthe‘taxshield’andanoptimalcapitalstructurewouldresultbygearingupasmuchaspossible.Itwaspointedoutthatmarketimperfectionsassociatedwithhighlevelsofgearing,suchasbankruptcyriskandagencycosts,wouldlimittheextenttowhichacompanycouldgearup.Inpractice,therefore,itappearsthatcompaniescanreducetheirWACCbyincreasinggearing,whileavoidingthefinancialdistressthatcanariseathighlevelsofgearing.Ithasfurtherbeensuggestedthatcompanieschoosethesourceoffinancewhich,foronereasonoranother,iseasiestforthemtoaccess(peckingordertheory).Thisresultsinaninitialpreferenceforretainedearnings,followedbyapreferencefordebtbeforeturningtoequity.TheviewsuggeststhatcompaniesmaynotinpracticeseektominimisetheirWACC(andconsequentlymaximisecompanyvalueandshareholderwealth).TurningtothesuggestionthatdebtcouldbeusedtofinanceacashbidforNGN,thecurrentandpostacquisitioncapitalstructuresandtheirrelativegearinglevelsshouldbeconsidered,aswellastheamountofdebtfinancethatwouldbeneeded.Earliercalculationssuggestthatatleast$58mwouldbeneeded,ignoringanypremiumpaidtopersuadetargetcompanyshareholderstoselltheirshares.Thecurrentdebt/equityratioofKFPCois60%(15m/25m).Thedebtofthecompanywouldincreaseby$58minordertofinancethebidandbyafurther$20maftertheacquisition,duetotakingontheexistingdebtofNGN,givingatotalof$93m.Ignoringotherfactors,thegearingwouldincreaseto372%(93m/25m).KFPCowouldneedtoconsiderhowitcouldservicethisdangerouslyhighlevelofgearinganddealwiththesignificantriskofbankruptcythatitmightcreate.ItwouldalsoneedtoconsiderwhetherthebenefitsarisingfromtheacquisitionofNGNwouldcompensateforthesignificantincreaseinfinancialriskandbankruptcyriskresultingfromusingdebtfinance.

  • 第5题：

    What will happen if the lease is prolonged?

    A. Rent will increase monthly.

    B. Tenants will pay more per month.

    C. New rental restrictions will apply.

    D. Rent receipts will be required.

    答案：B
    解析：

  • 第6题：

    The house had many drawbacks,most notably its price.

    A:remarkably
    B:particularly
    C:noticeably
    D:significantly

    答案：B
    解析：
    本句意思：这房子有很多缺陷，尤其是它的价格。notably意为“尤其，特别”，与particularly（尤其，特别）意思相近。remarkably显著地；noticeably显而易见地; sigI1ificafltiy重大地。

  • 第7题：

    Your database performance has degraded due to frequent checkpointing. What would you do in this scenario？（）

    • A、make redo log files smaller
    • B、increase the size of the checkpoint file
    • C、make the changes as per the advice given by MTTR Advisor
    • D、make the changes as per the advice given by Checkpoint Advisor

    正确答案:C

  • 第8题：

    单选题
    If the average of 8 and x is 10 and the average of 7 and y is 11, what is the average of x and y?
    A

    9.0

    B

    10.5

    C

    12.0

    D

    13.5

    E

    15.00


    正确答案： C
    解析：
    因为8和x的平均数为10，可得出(8+x)/2=10，x=12。又因为7和y的平均数为11，所以可得出7 + y = 22，y=15，所以x和y的平均值为(x+y)/2=(12+15)/2= 27/2=13.5。

  • 第9题：

    单选题
    What can be said about tighter property rights?
    A

    They make it hard for many developing countries to use such rights.

    B

    They will reduce the price of technology transfer.

    C

    They will help distribute social wealth more evenly.

    D

    They will increase the power of more and more people.


    正确答案： A
    解析：
    录音中指出科技的进步也产生了知识产权的问题，更加严格的产权正在增加技术转让的价格(increasing the price of technology transfer)，阻止许多发展中国家使用(blocking many developing countries from their use)，增加那些大量拥有知识产权的人的权利和财富(increases the power and wealth of those who largely own the property fights)，选项中只有A项表述正确。

  • 第10题：

    单选题
    What is the average increase in the price of the house per year?
    A

    $5,000

    B

    $10,000

    C

    $14,000

    D

    $35,000

    E

    $70,000


    正确答案： B
    解析：
    The house price increased from $300,000 in 1998 to $370,000 by 2003. Divide the total increase in price, $70,000, by the 5 years over which the increase took place.
    The average yearly increase is: (370,000- 300,000)/( 2003 - 1998)=$70,000/5= $14,000

  • 第11题：

    单选题
    The average (arithmetic mean) of x and y is m, where m ≠ 0. What is the average (arithmetic mean) of x, y, and 2m?
    A

    m

    B

    4/3m

    C

    3/2m

    D

    5/3m

    E

    2m


    正确答案： C
    解析：
    因为x和y的算术平均数为m，所以x+y=2m，所以，所以x,y,2m的算术平均数为x+y+2m/3，因为x + y = 2m，所以x+y+2m/3=4m/3

  • 第12题：

    单选题
    At the beginning of the day, the prices of stocks X and Y are the same. At the end of the day, the price of stock X has increased by 1/20 of its original price and the price of stock Y has decreased by 1/20 of its original price. The new price of stock X is what fraction of the new price of stock Y?
    A

    2/20

    B

    19/21

    C

    21/19

    D

    18/20

    E

    20/18


    正确答案： E
    解析：
    Plugging in. Suppose the prices of stocks X and Y were each $100 at the beginning of the day. Then：The new price of stock X is $105. The new price of stock Y is $95. stock X/stock Y =l05/95= 21/19.

  • 第13题：

    Average User Number per QCI需要按照用户的[]分别统计


    参考答案：[QCI]

  • 第14题：

    The primary purpose of a stock split include ().

    A.to increase the number of shares outstanding

    B.reduce the market price of the stock per share

    C.reduce earnings per share

    D.increase the market activity of the shares

    E.increase paid-in capital


    正确答案：ABCD

  • 第15题：

    The primary purpose of a stock split is to ( )

    A. increase paid-in capital

    B. reduce the market price of the stock per share

    C. increase the market price of the stock per share

    D. increase retained earnings


    正确答案：B

  • 第16题：

    PV Co is evaluating an investment proposal to manufacture Product W33, which has performed well in test marketing trials conducted recently by the company’s research and development division. The following information relating to this investment proposal has now been prepared.

    Initial investment $2 million

    Selling price (current price terms) $20 per unit

    Expected selling price inflation 3% per year

    Variable operating costs (current price terms) $8 per unit

    Fixed operating costs (current price terms) $170,000 per year

    Expected operating cost inflation 4% per year

    The research and development division has prepared the following demand forecast as a result of its test marketing trials. The forecast reflects expected technological change and its effect on the anticipated life-cycle of Product W33.

    It is expected that all units of Product W33 produced will be sold, in line with the company’s policy of keeping no inventory of finished goods. No terminal value or machinery scrap value is expected at the end of four years, when production of Product W33 is planned to end. For investment appraisal purposes, PV Co uses a nominal (money) discount rate of 10% per year and a target return on capital employed of 30% per year. Ignore taxation.

    Required:

    (a) Identify and explain the key stages in the capital investment decision-making process, and the role of

    investment appraisal in this process. (7 marks)

    (b) Calculate the following values for the investment proposal:

    (i) net present value;

    (ii) internal rate of return;

    (iii) return on capital employed (accounting rate of return) based on average investment; and

    (iv) discounted payback period. (13 marks)

    (c) Discuss your findings in each section of (b) above and advise whether the investment proposal is financially acceptable. (5 marks)


    正确答案：
    (a)Thekeystagesinthecapitalinvestmentdecision-makingprocessareidentifyinginvestmentopportunities,screeninginvestmentproposals,analysingandevaluatinginvestmentproposals,approvinginvestmentproposals,andimplementing,monitoringandreviewinginvestments.IdentifyinginvestmentopportunitiesInvestmentopportunitiesorproposalscouldarisefromanalysisofstrategicchoices,analysisofthebusinessenvironment,researchanddevelopment,orlegalrequirements.Thekeyrequirementisthatinvestmentproposalsshouldsupporttheachievementoforganisationalobjectives.ScreeninginvestmentproposalsIntherealworld,capitalmarketsareimperfect,soitisusualforcompaniestoberestrictedintheamountoffinanceavailableforcapitalinvestment.Companiesthereforeneedtochoosebetweencompetinginvestmentproposalsandselectthosewiththebeststrategicfitandthemostappropriateuseofeconomicresources.AnalysingandevaluatinginvestmentproposalsCandidateinvestmentproposalsneedtobeanalysedindepthandevaluatedtodeterminewhichofferthemostattractiveopportunitiestoachieveorganisationalobjectives,forexampletoincreaseshareholderwealth.Thisisthestagewhereinvestmentappraisalplaysakeyrole,indicatingforexamplewhichinvestmentproposalshavethehighestnetpresentvalue.ApprovinginvestmentproposalsThemostsuitableinvestmentproposalsarepassedtotherelevantlevelofauthorityforconsiderationandapproval.Verylargeproposalsmayrequireapprovalbytheboardofdirectors,whilesmallerproposalsmaybeapprovedatdivisionallevel,andsoon.Onceapprovalhasbeengiven,implementationcanbegin.Implementing,monitoringandreviewinginvestmentsThetimerequiredtoimplementtheinvestmentproposalorprojectwilldependonitssizeandcomplexity,andislikelytobeseveralmonths.Followingimplementation,theinvestmentprojectmustbemonitoredtoensurethattheexpectedresultsarebeingachievedandtheperformanceisasexpected.Thewholeoftheinvestmentdecision-makingprocessshouldalsobereviewedinordertofacilitateorganisationallearningandtoimprovefutureinvestmentdecisions.

  • 第17题：

    One of the more__________ results of the price increase was an initial drop in sales.

    A.confusing
    B.beneficial
    C.respected
    D.obvious

    答案：D
    解析：
    句子要表示“明显的结果”时句意自然。“beneficial”可以和“results”搭配，但是不符合销售量下降的句意。

  • 第18题：

    The price of beer（）(从50美分到4美元不等) per liter during the summer season.


    正确答案:ranges/varies from 50 cents to $4

  • 第19题：

    单选题
    The graph below represents the average points per game of a certain basketball player from 1995-2000. What is the percent increase over the 6-year period to the nearest hundredth of a percent?
    A

    18%

    B

    18.18%

    C

    20%

    D

    22%

    E

    22.22%


    正确答案： E
    解析：
    Divide the change in average points by the average points in 1995. Percent increase =(22-18)/18=4/18= 22.22%.

  • 第20题：

    问答题
    Over the course of a year, a certain house appreciated in value by 10 percent while the house next door decreased in value by 10 percent as a result of foundation damage. At the end of the year, the reduced price of the second house was what percentage of the increased price of the first house?　　(1) The amount by which the first house increased in value was half as much as the amount by which the second house decreased in value.　　(2) At the end of the year, the second house was worth $70,000 more than the first house.

    正确答案： A
    解析：
    根据条件1可知，价格增长了64%；根据条件2无法计算，故本题应选A项。

  • 第21题：

    多选题
    View the Exhibit and examine the data in the PRODUCT INFORMATION table. Which two tasks would require subqueries？ （）
    A

    displaying the minimum list price for each product status

    B

    displaying all supplier IDs whose average list price is more than 500

    C

    displaying the number of products whose list prices are more than the average list price

    D

    displaying all the products whose minimum list prices are more than the average list price of products having the product status orderable

    E

    displaying the total number of products supplied by supplier 102071 and having product status OBSOLETE


    正确答案： C,D
    解析： 暂无解析

  • 第22题：

    问答题
    Passage 1　　Modern woman may be better educated, have a better job and earn more money than her grandmother ever dream of, but in one way he life remains the same—eight out of ten women still do the household chores.　　Only 1 per cent of men say they do the washing and ironing or decide what to have for dinner. The only area where average man is more likely to help out is with small repairs around the house.　　The report Social Focus on Women and Men, by the Office for National Statistics, found that attitudes to women working have changed drastically over the past decade. Whereas in 1987 more than half of men and 40 per cent of women agreed with the statement, “A husband’s job is to earn the money, a wife’s job is to look after the home and family”, that view had halved among both sexes by 1994.　　The numbers agreeing strongly with the statement, “A job is all right but what most women really want is a home and children”, had also halved from 15 pre cent to 7 per cent of men feeling that way and 12 per cent to5 per cent of women.　　Women’s increased participation in the world of work has been one of the most striking features of recent decades. Nearly half of all women aged 55 to 59 have no qualifications. But their granddaughters are outperforming their male peers across the board, and from 1989overtook boys at A-levels.　　Gender stereotypes persist at this level of education, however, with more than three-fifths of English entrants being female, wile a similar proportion of maths entrants are male. A greater number of boys take physics and chemistry whereas girls predominate in social sciences and history.　　The explosion in higher education means there was a 66 per cent increase in number of female undergraduates and a 50 per cent increase in the number of male undergraduates between 1990-91 and 1995-96.　　Women are also making breakthroughs in specific are4as of employment. Women now form a slight majority among new solicitors although they make up only one-third of all solicitors. Since 1984 the number of women in work has risen by 20 per cent to 10.5 million.　　But when it comes to pay, they still lag behind their male peers. Women earn on average 80 per of what men do per hour. They are also far more likely to work part-time or with temporary contracts.　　Part of the reason for this is because women still take the main role in childcare, although they are more likely to work than in the past. The number of mothers with children under five doubled between 1973 and 1996. And the number of women who return to work within nine to eleven months of the birth increased dramatically. In 1974, only 24 per cent of women returned in this period compared with 67 per cent in 1996.　　The relationship between the sexes has also seen changes. Seven in ten first marriages are now preceded by cohabitation compared with only one in twenty first marriages in the mid-1960s. Since 1992 women in their early thirties have been more likely to give birth than those in their early twenties, although the fertility rate is still highest among those aged 25 to 29.　　1. What is the theme of the passage?　　2. What are gender stereotypes? List the gender stereotypes at the level of higher education discussed in the passage.　　3. What are the major changes concerning the status of women in Britain?

    正确答案： 【参考答案】
    1. The passage reveals that the majority of women are still involved in housework/cores despite improvement in their education, better job opportunities and higher income.
    2. Gender stereotypes refers to conventional/usually over simplified conception of roles, jobs of male/female/man/woman. The typical/unvarying/fixed pattern of selecting majors shows the expression of gender stereotypes at the level of higher education, i.e., boys choose maths, physics and chemistry and girls choose English language, science and history.
    3. The major changes can be found in better education, large increase of female undergraduates, better fobs, significant increase of women in work and changes/improvement in the relationship between sexes.
    解析： 暂无解析

  • 第23题：

    问答题
    What is the average (arithmetic mean) of x and y?　　(1) The average of x+3 and y+5 is 14.　　(2) The average of x,y and 16 is 12.

    正确答案： D
    解析：
    将两条件分别代入计算可知，x和y的平均数均为10，故本题选D项。

  • 第24题：

    单选题
    What is the percent decrease in the price of the house from 2002 to 2003 to the nearest hundredth of a percent?
    A

    2. 63

    B

    0. 02

    C

    3.80

    D

    3.70

    E

    0.26


    正确答案： A
    解析：
    Find the change in house price and divide by the original house price. Percent decrease = (380,000 - 370,000)/ 380,000=0. 0263 = 2. 63%

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