单选题In order to increase revenues, a cellphone company has decided to change its fee structure. Instead of charging a flat rate of $20 per month and $0.05 for every minute over 200 minutes, the company will now charge $50 per month for unlimited usage. Wh
题目
单选题
In order to increase revenues, a cellphone company has decided to change its fee structure. Instead of charging a flat rate of $20 per month and $0.05 for every minute over 200 minutes, the company will now charge $50 per month for unlimited usage. Which of the following is a consideration that, if true, suggests that the new plan will not actually increase the company’s revenues?
A
A rival company, which charges no start-up fee, offers an unlimited calling plan for $40 per month.
B
Two-thirds of the company’s customers use less than 500 minutes per month.
C
Studies have shown that customers using unlimited calling plans will increase their monthly usage of minutes by over 50 percent.
D
One-fifth of the company’s customers use in excess of 1,000 minutes per month.
E
In recent months the company has received several complaints of insufficient signal strength and poor customer service.
相似考题
更多“单选题In order to increase revenues, a cellphone company has decided to change its fee structure. Instead of charging a flat rate of $20 per month and $0.05 for every minute over 200 minutes, the company will now charge $50 per month for unlimited usage. Wh”相关问题
-
第1题：
Mr. Jones ________ in the company for twenty years by the end of next month.A.will work
B.will have worked
C.has worked
D.would work
参考答案：B
-
第2题：
听力原文：W: Well, yes. What about interests on those accounts? I'm interested in fixed time deposits accounts.
M: There are three kinds of fixed deposits, Madame. They are three-month, six-month and twelve-month deposits. The interest on a three-month deposit is 4.5% per annum, on six month 5%, on twelve month 5.5%.
Q: What is the interest rate on a six month deposit?
(12)
A．4%.
B．4.5%.
C．5%.
D．5.5%.
正确答案：C
解析：根据男士回答"On six month 5%"，可知答案为C选项。 -
第3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4题：
The following financial information relates to HGR Co:
Statement of financial position at the current date (extracts)
The finance director has completed a review of accounts receivable management and has proposed staff training and operating procedure improvements, which he believes will reduce accounts receivable days to the average sector value of 53 days. This reduction would take six months to achieve from the current date, with an equal reduction in each month. He has also proposed changes to inventory management methods, which he hopes will reduce inventory days by two days per month each month over a three-month period from the current date. He does not expect any change in the current level of accounts payable.
HGR Co has an overdraft limit of $4,000,000. Overdraft interest is payable at an annual rate of 6·17% per year, with payments being made each month based on the opening balance at the start of that month. Credit sales for the year to the current date were $49,275,000 and cost of sales was $37,230,000. These levels of credit sales and cost of sales are expected to be maintained in the coming year. Assume that there are 365 working days in each year.
Required:
(a) Discuss the working capital financing strategy of HGR Co. (7 marks)
(b) For HGR Co, calculate:
(i) the bank balance in three months’ time if no action is taken; and
(ii) the bank balance in three months’ time if the finance director’s proposals are implemented.
Comment on the forecast cash flow position of HGR Co and recommend a suitable course of action.
(10 marks)
(c) Discuss how risks arising from granting credit to foreign customers can be managed and reduced.
(8 marks)
正确答案：
(a)Whenconsideringthefinancingofworkingcapital,itisusefultodividecurrentassetsintofluctuatingcurrentassetsandpermanentcurrentassets.Fluctuatingcurrentassetsrepresentchangesinthelevelofcurrentassetsduetotheunpredictabilityofbusinessactivity.Permanentcurrentassetsrepresentthecorelevelofinvestmentincurrentassetsneededtosupportagivenlevelofturnoverorbusinessactivity.Asturnoverorlevelofbusinessactivityincreases,thelevelofpermanentcurrentassetswillalsoincrease.Thisrelationshipcanbemeasuredbytheratioofturnovertonetcurrentassets.Thefinancingchoiceasfarasworkingcapitalisconcernedisbetweenshort-termandlong-termfinance.Short-termfinanceismoreflexiblethanlong-termfinance:anoverdraft,forexample,isusedbyabusinessorganisationastheneedarisesandvariableinterestischargedontheoutstandingbalance.Short-termfinanceisalsomoreriskythanlong-termfinance:anoverdraftfacilitymaybewithdrawn,orashort-termloanmayberenewedonlessfavourableterms.Intermsofcost,thetermstructureofinterestratessuggeststhatshort-termdebtfinancehasalowercostthanlong-termdebtfinance.Thematchingprinciplesuggeststhatlong-termfinanceshouldbeusedforlong-terminvestment.Applyingthisprincipletoworkingcapitalfinancing,long-termfinanceshouldbematchedwithpermanentcurrentassetsandnon-currentassets.Afinancingpolicywiththisobjectiveiscalleda‘matchingpolicy’.HGRCoisnotusingthisfinancingpolicy,sinceofthe$16,935,000ofcurrentassets,$14,000,000or83%isfinancedfromshort-termsources(overdraftandtradepayables)andonly$2,935,000or17%isfinancedfromalong-termsource,inthiscaseequityfinance(shareholders’funds)ortradedbonds.ThefinancingpolicyorapproachtakenbyHGRCotowardsthefinancingofworkingcapital,whereshort-termfinanceispreferred,iscalledanaggressivepolicy.Relianceonshort-termfinancemakesthisriskierthanamatchingapproach,butalsomoreprofitableduetothelowercostofshort-termfinance.Followinganaggressiveapproachtofinancingcanleadtoovertrading(undercapitalisation)andthepossibilityofliquidityproblems.(b)Bankbalanceinthreemonths’timeifnoactionistaken:Workings:ReductioninaccountsreceivabledaysCurrentaccountsreceivabledays=(8,775/49,275)x365=65daysReductionindaysoversixmonths=65–53=12daysMonthlyreduction=12/6=2daysEachreceivablesdayisequivalentto8,775,000/65=$135,000(Alternatively,eachreceivablesdayisequivalentto49,275,000/365=$135,000)Monthlyreductioninaccountsreceivable=2x135,000=$270,000ReductionininventorydaysCurrentinventorydays=(8,160/37,230)x365=80daysEachinventorydayisequivalentto8,160,000/80=$102,000(Alternatively,eachinventoryday=37,230,000/365=$102,000)Monthlyreductionininventory=102,000x2=$204,000OverdraftinterestcalculationsMonthlyoverdraftinterestrate=1·06171/12=1·005or0·5%Ifnoactionistaken:Period1interest=3,800,000x0·005=$19,000Period2interest=3,549,000x0·005=$17,745or$18,000Period3interest=3,517,000x0·005=$17,585or$18,000Ifactionistaken:Period1interest=3,800,000x0.005=$19,000Period2interest=3,075,000x0.005=$15,375or$15,000Period3interest=2,566,000x0.005=$12,830or$13,000DiscussionIfnoactionistaken,thecashflowforecastshowsthatHGRCowillexceeditsoverdraftlimitof$4millionby$1·48millioninthreemonths’time.Ifthefinancedirector’sproposalsareimplemented,thereisapositiveeffectonthebankbalance,buttheoverdraftlimitisstillexceededinthreemonths’time,althoughonlyby$47,000ratherthanby$1·47million.Ineachofthethreemonthsfollowingthat,thecontinuingreductioninaccountsreceivabledayswillimprovethebankbalanceby$270,000permonth.Withoutfurtherinformationonoperatingreceiptsandpayments,itcannotbeforecastwhetherthebankbalancewillreturntolessthanthelimit,orevencontinuetoimprove.Themainreasonfortheproblemwiththebankbalanceisthe$2millioncapitalexpenditure.Purchaseofnon-currentassetsshouldnotbefinancedbyanoverdraft,butalong-termsourceoffinancesuchasequityorbonds.Ifthecapitalexpenditurewereremovedfromtheareaofworkingcapitalmanagement,theoverdraftbalanceattheendofthreemonthswouldbe$3·48millionifnoactionweretakenand$2·05millionifthefinancedirector’sproposalswereimplemented.GiventhatHGRCohasalmost$50millionofnon-currentassetsthatcouldpossiblybeusedassecurity,raisinglong-termdebtthrougheitherabankloanorabondissueappearstobesensible.Assumingabondinterestrateof10%peryear,currentlong-termdebtintheform.oftradedbondsisapproximately($200mx2)/0·1=$4m,whichismuchlessthantheamountofnoncurrentassets.AsuitablecourseofactionforHGRCotofollowwouldthereforebe,firstly,toimplementthefinancedirector’sproposalsand,secondly,tofinancethecapitalexpenditurefromalong-termsource.Considerationcouldalsobegiventousingsomelong-termdebtfinancetoreducetheoverdraftandtoreducethelevelofaccountspayable,currentlystandingat100days.(c)Whencreditisgrantedtoforeigncustomers,twoproblemsmaybecomeespeciallysignificant.First,thelongerdistancesoverwhichtradetakesplaceandthemorecomplexnatureoftradetransactionsandtheirelementsmeansforeignaccountsreceivableneedmoreinvestmentthantheirdomesticcounterparts.Longertransactiontimesincreaseaccountsreceivablebalancesandhencetheleveloffinancingandfinancingcosts.Second,theriskofbaddebtsishigherwithforeignaccountsreceivablethanwiththeirdomesticcounterparts.Inordertomanageandreducecreditrisks,therefore,exportersseektoreducetheriskofbaddebtandtoreducethelevelofinvestmentinforeignaccountsreceivable.Manyforeigntransactionsareon‘openaccount’,whichisanagreementtosettletheamountoutstandingonapredetermineddate.Openaccountreflectsagoodbusinessrelationshipbetweenimporterandexporter.Italsocarriesthehighestriskofnon-payment.Onewaytoreduceinvestmentinforeignaccountsreceivableistoagreeearlypaymentwithanimporter,forexamplebypaymentinadvance,paymentonshipment,orcashondelivery.Thesetermsoftradeareunlikelytobecompetitive,however,anditismorelikelythatanexporterwillseektoreceivecashinadvanceofpaymentbeingmadebythecustomer.Onewaytoacceleratecashreceiptsistousebillfinance.Billsofexchangewithasignedagreementtopaytheexporteronanagreedfuturedate,supportedbyadocumentaryletterofcredit,canbediscountedbyabanktogiveimmediatefunds.Thisdiscountingiswithoutrecourseifbillsofexchangehavebeencountersignedbytheimporter’sbank.Documentarylettersofcreditareapaymentguaranteebackedbyoneormorebanks.Theycarryalmostnorisk,providedtheexportercomplieswiththetermsandconditionscontainedintheletterofcredit.Theexportermustpresentthedocumentsstatedintheletter,suchasbillsoflading,shippingdocuments,billsofexchange,andsoon,whenseekingpayment.Aseachsupportingdocumentrelatestoakeyaspectoftheoveralltransaction,lettersofcreditgivesecuritytotheimporteraswellastheexporter.Companiescanalsomanageandreduceriskbygatheringappropriateinformationwithwhichtoassessthecreditworthinessofnewcustomers,suchasbankreferencesandcreditreports.Insurancecanalsobeusedtocoversomeoftherisksassociatedwithgivingcredittoforeigncustomers.Thiswouldavoidthecostofseekingtorecovercashduefromforeignaccountsreceivablethroughaforeignlegalsystem,wheretheexportercouldbeatadisadvantageduetoalackoflocalorspecialistknowledge.Exportfactoringcanalsobeconsidered,wheretheexporterpaysforthespecialistexpertiseofthefactorasawayofreducinginvestmentinforeignaccountsreceivableandreducingtheincidenceofbaddebts. -
第5题：
For the year just ended, N company had an earnings of$ 2 per share and paid a dividend of $ 1. 2 on 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 ratio. 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-earning ratio and prospective price - earning ratio.
C. Using N company 's current price-earning ratio, value P company 's stock price.
D. Using N company 's prospective price - earning ratio, value P company 's stock price.
答案：解析：A. The expected rate of return on N company's equity =6% +0. 8*8% =12.4%
B. Current price -earning ratio = (1. 2/2) * (1 +7% )/ (12.4% -7% ) =11. 89
Prospective price - earning ratio = (1. 2/2) / (12. 4% - 70% ) =11. 11
C. P company's stock = 11. 89* 36/20 = 21. 4
D. P company's stock = 11. 11* 38. 5/20 = 21. 39
-
第6题：
资料： The following passage is the introduction about one of the Monsell international financial products.According to the passage,there will be 5 questions.You should read carefully,then select the right answer.
Passage:
As a teenager between the age of 13 and 18,maybe you would like to manage your own money and have your own bank account.The good news is that Bank of Monsell has just launched several great solutions for you.
The first one is the Teen Discounted Bank Plans（TDBPS）.TDBPS feature a discount of $9.95 per month on your monthly bank fee—that’s a savings of up to $120 per year.It’s the primary and most common account chosen by nearly 45% of our teen customers.If it is not to your liking,maybe the following alternatives which offer more discount and benefits on your bank accounts are able to meet your demands.
In a Plus Plan,you can have up to 30 transactions per month free of charge on as many as accounts as you need on the condition that your Primary Chequing Account must be your lead account,the one you designate to pay any fees required by your Bank Plan（i.e.monthly plan fees,transaction fees）.It includes Primary Chequing and up to 19 more eligible accounts.You can make 30 transactions either in branch,by phone,online,by mobile or at an ATM of Bank of Monsell.From the 31st transaction,a fee of $0.7 per transaction will be charged.A Plus Plan is able to help save you up to $288.60 a year on fees.Besides,it enables you to send money globally to over 200 countries and territories via Interact e–Transfer through its Online Banking. A Plus Plan offers preferred exchange rate only when buying U.S. cash （up to $5,000 U.S. per transaction）.
In a Performance Plan,the number of transactions is unlimited on as many as accounts as you need,meaning that you can make as many everyday banking transactions as you want free of chargein branch,on line or at an ATM of Bank of Monsell.It does not include phone banking services.However,a fee of $4.00 a month is charged for this service.It also includes Primary Chequing and up to 16 more eligible accounts.It helps you save up to $456.60 a year on fees.It also enables you to send money globally to over 200 countries and territories via Interac e–Transfer through its Online Banking.What’s more,one non-bank of Monsell ATM withdrawal on the Interac network per month is offered.A Performance Plan offers preferred exchange rate when buying or selling U.S.cash（up to $5,000 U.S.per transaction）.
In a Premium Plan you can also make unlimited transactions on as many accounts as you need at a monthly fee of $15.05.It includes Primary Chequing and up to 15 more eligible accounts.The everyday banking transactions of this plan should be controlled fewer than 40,or you have to pay a fee of $0.8 for every transaction beyond 40.It helps save up to $791.95 per year on fees.What’s more,5 non-bank of Monsell ATM debit transactions on the Interac network and 5 international debit transactions using non-bank of Monsell ATMs per month is included.However,it does not have the ability to send money globally to any country or territory via Interac e–Transfer through its Online Banking.A Premium Plan offers preferred exchange rate only when selling U.S.cash（up to $5,000 U.S.per transaction）.
You can apply for any of these accounts by phone,online or in person.Please feel free to call us at 1-870-226-5266 or write emails to Bank of Monsell Mike@yahoo.com or get on our website for any further details of these services and products.
In a Premium Plan,if you make 42 transaction everyday for a month of 30 days,together with the monthly fee,how much money will be charged of you?A.$48.05
B.$48
C.$63.05
D.$64答案：C解析：本题考查的是细节理解。
【关键词】Premium Plan；42 transaction everyday；a month of 30 days；together with the monthly fee；how much money ；be charged
【主题句】第5自然段In a Premium Plan you can also make unlimited transactions on as many accounts as you need at a monthly fee of $15.05.在优质方案中，每月固定费用为15.05美元，你进行交易的银行账户数目不受任何限制。
The everyday banking transactions of this plan should be controlled fewer than 40,or you have to pay a fee of $0.8 for every transaction beyond 40.方案中每天银行交易数量应少于40次，超过40次的每次交易将额外支付0.8美元费用。
【解析】本题的问题是“在优质方案中，假如一个月有30天，你每天进行42笔交易，加上每月固定收费，将收取多少费用？”根据主题句，40次以上的交易收取费用，每天美元，一个月。 -
第7题：
资料： The following passage is the introduction about one of the Monsell international financial products.According to the passage,there will be 5 questions.You should read carefully,then select the right answer.
Passage:
As a teenager between the age of 13 and 18,maybe you would like to manage your own money and have your own bank account.The good news is that Bank of Monsell has just launched several great solutions for you.
The first one is the Teen Discounted Bank Plans（TDBPS）.TDBPS feature a discount of $9.95 per month on your monthly bank fee—that’s a savings of up to $120 per year.It’s the primary and most common account chosen by nearly 45% of our teen customers.If it is not to your liking,maybe the following alternatives which offer more discount and benefits on your bank accounts are able to meet your demands.
In a Plus Plan,you can have up to 30 transactions per month free of charge on as many as accounts as you need on the condition that your Primary Chequing Account must be your lead account,the one you designate to pay any fees required by your Bank Plan（i.e.monthly plan fees,transaction fees）.It includes Primary Chequing and up to 19 more eligible accounts.You can make 30 transactions either in branch,by phone,online,by mobile or at an ATM of Bank of Monsell.From the 31st transaction,a fee of $0.7 per transaction will be charged.A Plus Plan is able to help save you up to $288.60 a year on fees.Besides,it enables you to send money globally to over 200 countries and territories via Interact e–Transfer through its Online Banking. A Plus Plan offers preferred exchange rate only when buying U.S. cash （up to $5,000 U.S. per transaction）.
In a Performance Plan,the number of transactions is unlimited on as many as accounts as you need,meaning that you can make as many everyday banking transactions as you want free of chargein branch,on line or at an ATM of Bank of Monsell.It does not include phone banking services.However,a fee of $4.00 a month is charged for this service.It also includes Primary Chequing and up to 16 more eligible accounts.It helps you save up to $456.60 a year on fees.It also enables you to send money globally to over 200 countries and territories via Interac e–Transfer through its Online Banking.What’s more,one non-bank of Monsell ATM withdrawal on the Interac network per month is offered.A Performance Plan offers preferred exchange rate when buying or selling U.S.cash（up to $5,000 U.S.per transaction）.
In a Premium Plan you can also make unlimited transactions on as many accounts as you need at a monthly fee of $15.05.It includes Primary Chequing and up to 15 more eligible accounts.The everyday banking transactions of this plan should be controlled fewer than 40,or you have to pay a fee of $0.8 for every transaction beyond 40.It helps save up to $791.95 per year on fees.What’s more,5 non-bank of Monsell ATM debit transactions on the Interac network and 5 international debit transactions using non-bank of Monsell ATMs per month is included.However,it does not have the ability to send money globally to any country or territory via Interac e–Transfer through its Online Banking.A Premium Plan offers preferred exchange rate only when selling U.S.cash（up to $5,000 U.S.per transaction）.
You can apply for any of these accounts by phone,online or in person.Please feel free to call us at 1-870-226-5266 or write emails to Bank of Monsell Mike@yahoo.com or get on our website for any further details of these services and products.
Which of the following is TRUE about the Performance Plan?A.Not including Primary Chequing,you can own 17 accounts.
B.You can make unlimited everyday banking transactions in branch,online,at an ATM of Bank of Monsell,or phone banking services.
C.It offers preferred exchange rate when buying U.S.cash（up to $5,000 U.S.per transaction）.
D.It is able to help save you up to $288.60 a year on fees.答案：C解析：本题考查的是细节理解。
【关键词】TRUE；Performance Plan
【主题句】第4自然段
1.It also includes Primary Chequing and up to 16 more eligible accounts.它还包括初始支票账户和另外多达16个符合条件的账户。
2.In a Performance Plan,the number of transactions is unlimited on as many as accounts as you need,meaning that you can make as many everyday banking transactions as you want free of chargein branch,on line or at an ATM of Bank of Monsell.It does not include phone banking services.在高效方案中，免手续费交易的数量和账户不受限制，意思是在每天通过分行柜台，网上银行，或者Bank of Monsell的ATM机的交易数量不受限制。但不包括手机银行服务。
3.A Performance Plan offers preferred exchange rate when buying or selling U.S.cash（up to $5,000 U.S.per transaction）.高效方案提供以优先汇率购入或售出美元（每笔交易上限是5000美元）。
4.It helps you save up to $456.60 a year on fees.每年帮助节约费用456.6美元。
【解析】本题的问题是“根据高效方案，下列哪项正确？”A选项“不包括初始支票账户，你可以拥有17个账户。”，根据主题句1，包括初始支票账户，一共17个，错误。B选项“你每天可以通过分行柜台，网上银行，Bank of Monsell的ATM机和手机银行服务进行无限量交易。”，根据主题句2，手机银行服务不包括在内，错误。C选项“它提供以优先汇率购入美元（每笔交易上限是5000美元）。”根据主题句3，正确。D选项“它每年能帮助节约费用288.6美元。”。根据主题句4，节约456.6美元，错误。 -
第8题：
单选题A recent spate of art thefts at a major museum has led to a drastic increase in the insurance premiums that the museum must pay to insure its collection. Many art fans are concerned that the museum, which traditionally has charged no entrance fee, will be forced to charge a high entrance fee in order to pay for the increased insurance premiums. Which of the following, if true, would most alleviate the concern of the art fans that the museum will be forced to charge high entrance fees?ALaw enforcement officials recently apprehended the Belgian Bobcat, a notorious art thief who has been linked to at least 20 art heists.
BCiting a dispute with the insurance company over the terms of its coverage, the museum has chosen to cancel its insurance policy.
CThe majority of visitors to the museum are schoolchildren, who could not reasonably be expected to pay a high entrance fee.
DThe museum pays for the majority of its total expenses from its large endowment, which is earmarked specifically for purchasing new art.
EThe museum recently installed a state-of-the-art burglar alarm system that will make future thefts almost impossible.
正确答案： A解析：
游客们进入博物馆需要购买门票的原因是，博物馆要购买高额的财务保险；如果博物馆不再购买保险，那么游客们进入博物馆也就不需要购买门票了，故本题应选B项。 -
第9题：
单选题A swimming pool with a capacity of 20,000 gallons is one-quarter full. A pump can deliver g gallons of water every m minutes. If a company charges d dollars per minute for the use of the pump, then in terms of g, m, and d, how much will it cost, in dollars, to fill the pool?A15,000gd/m
B15,000gmd
C15,000md/g
Dgd/(15000m)
Egm/(15000d)
正确答案： C解析：
如果当这个游泳池能装20,000加仑水，现在还有四分之三体积未装满，那么装满这个游泳池，还需要(3/4) ×20,000=15,000加仑水。抽水泵每分钟g加仑水需支付d美元，那么每加仑水m分钟需要钱为md/g，那么15000加仑水则为15,000md/g。 -
第10题：
问答题An employee at a company was given the task of making a large number of copies. He spent the first 45 minutes making copies at a constant rate on copier A, but copier A broke down before the task was completed. He then spent the next 30 minutes finishing the task on copier B, which also produced copies at a constant rate. How many total minutes would the task hare taken had copier A not broken down? (1) Copier A produced twice as many copies in its first 5 minutes of operation as copier B produced in its first 15 minutes. (2) Copier B produces 10 copies per minute.正确答案： A解析：
通过计算可知，条件1可以确定完成工作的时间，条件2不能确定，故本题应选A项。 -
第11题：
填空题A telephone user may pay a fixed monthly charge and (allow) ____ to make an unlimited number of local calls in the month.正确答案： is allowed解析：
本题考查被动结构的用法。句意：电话用户只要每月支付固定的费用就可以被允许无限量的打市话。动词allow与主语a telephone user是逻辑上的动宾关系，表达的是“被允许”，and前后并列动词时态应该保持一致，故填入is allowed。 -
第12题：
单选题The company has decided to sponsor the exhibition, _____ helps to promote its image.Athat
Bwho
Cwhat
Dwhich
正确答案： D解析：
句意：该公司已决定赞助此展会，此展会能帮助提升公司形象。本题考查定语从句。what不能引导定语从句，that不能引导非限定性定语从句，因此D项正确。 -
第13题：
The company ____ its sales by an average of 10% per year since its establishment in 1993.A、increases
B、increased
C、is increasing
D、has increased
参考答案：D
-
第14题：
Which of the following statements is NOT true?
A) World population is increasing at a rate of 150 per minute.
B) Lower death rates also contribute to world population growth.
C) The population of Columbia has been doubling every year for 21 years.
D) The United States is usually doubling its population about every 87 years.
正确答案：C
答案：C
[试题分析] 事实判断题。
[详细解答] 根据第三段第一句World population is increasing at a rate of 9,000 per hour．可判断A世界人口每分钟增加150人正确；根据该段第二句This is not only due to higher birth rates，but to lower death rates as well．可判断B论断正确；而由第四段的Some countries，such as Columbia， Thailand，Morocco，Costa Rica，and the Philippines．are doubling their populations about every twenty-one years可判断， C哥伦比亚人口持续21年每年翻一番的论断混淆了事实，论断错误；D美国人口每87年翻一番可根据第三段第二句The United States is doubling its population about every eighty-seven years一句判断为正确论断。因此，本题答案为C。
-
第15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16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17题：
资料： The following passage is the introduction about one of the Monsell international financial products.According to the passage,there will be 5 questions.You should read carefully,then select the right answer.
Passage:
As a teenager between the age of 13 and 18,maybe you would like to manage your own money and have your own bank account.The good news is that Bank of Monsell has just launched several great solutions for you.
The first one is the Teen Discounted Bank Plans（TDBPS）.TDBPS feature a discount of $9.95 per month on your monthly bank fee—that’s a savings of up to $120 per year.It’s the primary and most common account chosen by nearly 45% of our teen customers.If it is not to your liking,maybe the following alternatives which offer more discount and benefits on your bank accounts are able to meet your demands.
In a Plus Plan,you can have up to 30 transactions per month free of charge on as many as accounts as you need on the condition that your Primary Chequing Account must be your lead account,the one you designate to pay any fees required by your Bank Plan（i.e.monthly plan fees,transaction fees）.It includes Primary Chequing and up to 19 more eligible accounts.You can make 30 transactions either in branch,by phone,online,by mobile or at an ATM of Bank of Monsell.From the 31st transaction,a fee of $0.7 per transaction will be charged.A Plus Plan is able to help save you up to $288.60 a year on fees.Besides,it enables you to send money globally to over 200 countries and territories via Interact e–Transfer through its Online Banking. A Plus Plan offers preferred exchange rate only when buying U.S. cash （up to $5,000 U.S. per transaction）.
In a Performance Plan,the number of transactions is unlimited on as many as accounts as you need,meaning that you can make as many everyday banking transactions as you want free of chargein branch,on line or at an ATM of Bank of Monsell.It does not include phone banking services.However,a fee of $4.00 a month is charged for this service.It also includes Primary Chequing and up to 16 more eligible accounts.It helps you save up to $456.60 a year on fees.It also enables you to send money globally to over 200 countries and territories via Interac e–Transfer through its Online Banking.What’s more,one non-bank of Monsell ATM withdrawal on the Interac network per month is offered.A Performance Plan offers preferred exchange rate when buying or selling U.S.cash（up to $5,000 U.S.per transaction）.
In a Premium Plan you can also make unlimited transactions on as many accounts as you need at a monthly fee of $15.05.It includes Primary Chequing and up to 15 more eligible accounts.The everyday banking transactions of this plan should be controlled fewer than 40,or you have to pay a fee of $0.8 for every transaction beyond 40.It helps save up to $791.95 per year on fees.What’s more,5 non-bank of Monsell ATM debit transactions on the Interac network and 5 international debit transactions using non-bank of Monsell ATMs per month is included.However,it does not have the ability to send money globally to any country or territory via Interac e–Transfer through its Online Banking.A Premium Plan offers preferred exchange rate only when selling U.S.cash（up to $5,000 U.S.per transaction）.
You can apply for any of these accounts by phone,online or in person.Please feel free to call us at 1-870-226-5266 or write emails to Bank of Monsell Mike@yahoo.com or get on our website for any further details of these services and products.
Judging from the text,who is the most suitable person for this post?A.Lily,a primary school student who has saved about $300 in cash
B.Sue,a secondary school student who wants to open her own account
C.Neil,the father of a teenage son aged 14,who want to open an account
D.Jane,a post-graduate who wants to manage her own money答案：B解析：本题考查的是细节理解。
【关键词】who the most suitable person for this post
【主题句】第1自然段As a teenager between the age of 13 and 18,maybe you would like to manage your own money and have your own bank account.The good news is that Bank of Monsell has just launched several great solutions for you.作为年龄在13-18岁之间的青年，也许你打算管理自己的金钱，开立自己的银行账户。好消息是，Bank of Monsell刚好为你准备了一些合适的方案。
【解析】本题的问题是“根据文章，谁是最适合这个项目的人？”A选项“莉莉，积攒了300美元现金的小学生。”，B选项“苏，想要开立自己银行账户的中学生。”，C选项“尼尔，14岁男孩的父亲，想要开设银行账户。”，D选项“简，想要管理自己金钱的研究生。”。根据主题句，项目面对的主要客户是13-18岁的青少年，选项B正确。 -
第18题：
资料： The following passage is the introduction about one of the Monsell international financial products.According to the passage,there will be 5 questions.You should read carefully,then select the right answer.
Passage:
As a teenager between the age of 13 and 18,maybe you would like to manage your own money and have your own bank account.The good news is that Bank of Monsell has just launched several great solutions for you.
The first one is the Teen Discounted Bank Plans（TDBPS）.TDBPS feature a discount of $9.95 per month on your monthly bank fee—that’s a savings of up to $120 per year.It’s the primary and most common account chosen by nearly 45% of our teen customers.If it is not to your liking,maybe the following alternatives which offer more discount and benefits on your bank accounts are able to meet your demands.
In a Plus Plan,you can have up to 30 transactions per month free of charge on as many as accounts as you need on the condition that your Primary Chequing Account must be your lead account,the one you designate to pay any fees required by your Bank Plan（i.e.monthly plan fees,transaction fees）.It includes Primary Chequing and up to 19 more eligible accounts.You can make 30 transactions either in branch,by phone,online,by mobile or at an ATM of Bank of Monsell.From the 31st transaction,a fee of $0.7 per transaction will be charged.A Plus Plan is able to help save you up to $288.60 a year on fees.Besides,it enables you to send money globally to over 200 countries and territories via Interact e–Transfer through its Online Banking. A Plus Plan offers preferred exchange rate only when buying U.S. cash （up to $5,000 U.S. per transaction）.
In a Performance Plan,the number of transactions is unlimited on as many as accounts as you need,meaning that you can make as many everyday banking transactions as you want free of chargein branch,on line or at an ATM of Bank of Monsell.It does not include phone banking services.However,a fee of $4.00 a month is charged for this service.It also includes Primary Chequing and up to 16 more eligible accounts.It helps you save up to $456.60 a year on fees.It also enables you to send money globally to over 200 countries and territories via Interac e–Transfer through its Online Banking.What’s more,one non-bank of Monsell ATM withdrawal on the Interac network per month is offered.A Performance Plan offers preferred exchange rate when buying or selling U.S.cash（up to $5,000 U.S.per transaction）.
In a Premium Plan you can also make unlimited transactions on as many accounts as you need at a monthly fee of $15.05.It includes Primary Chequing and up to 15 more eligible accounts.The everyday banking transactions of this plan should be controlled fewer than 40,or you have to pay a fee of $0.8 for every transaction beyond 40.It helps save up to $791.95 per year on fees.What’s more,5 non-bank of Monsell ATM debit transactions on the Interac network and 5 international debit transactions using non-bank of Monsell ATMs per month is included.However,it does not have the ability to send money globally to any country or territory via Interac e–Transfer through its Online Banking.A Premium Plan offers preferred exchange rate only when selling U.S.cash（up to $5,000 U.S.per transaction）.
You can apply for any of these accounts by phone,online or in person.Please feel free to call us at 1-870-226-5266 or write emails to Bank of Monsell Mike@yahoo.com or get on our website for any further details of these services and products.
The purpose of the writer in writing this passage is to_______.A.introduce the Bank of Monsell
B.analyze the products of Bank of Monsell
C.introduce certain products and services for teens
D.show the success of the Bank of Monsell答案：C解析：本题考查的是主旨大意。
【关键词】purpose of the writer in writing this passage
【主题句】第1自然段As a teenager between the age of 13 and 18,maybe you would like to manage your own money and have your own bank account.The good news is that Bank of Monsell has just launched several great solutions for you.作为年龄在13-18岁之间的青年，也许你打算管理自己的金钱，开立自己的银行账户。好消息是，Bank of Monsell刚好为你准备了一些合适的方案。
【解析】本题的问题是“作者写这篇文章的目的是？”A选项“介绍the Bank of Monsell”，B选项“分析the Bank of Monsell的产品”，C选项“介绍针对青少年的特定服务和产品”，D选项“展示the Bank of Monsell的成就”。文章开头就直接表达写作目的，根据主题句，就是介绍the Bank of Monsell为青少年准备的账户管理方案，涉及到产品和服务，吸引轻松前去开立账户。选项C正确。 -
第19题：
资料： The following passage is the introduction about one of the Monsell international financial products.According to the passage,there will be 5 questions.You should read carefully,then select the right answer.
Passage:
As a teenager between the age of 13 and 18,maybe you would like to manage your own money and have your own bank account.The good news is that Bank of Monsell has just launched several great solutions for you.
The first one is the Teen Discounted Bank Plans（TDBPS）.TDBPS feature a discount of $9.95 per month on your monthly bank fee—that’s a savings of up to $120 per year.It’s the primary and most common account chosen by nearly 45% of our teen customers.If it is not to your liking,maybe the following alternatives which offer more discount and benefits on your bank accounts are able to meet your demands.
In a Plus Plan,you can have up to 30 transactions per month free of charge on as many as accounts as you need on the condition that your Primary Chequing Account must be your lead account,the one you designate to pay any fees required by your Bank Plan（i.e.monthly plan fees,transaction fees）.It includes Primary Chequing and up to 19 more eligible accounts.You can make 30 transactions either in branch,by phone,online,by mobile or at an ATM of Bank of Monsell.From the 31st transaction,a fee of $0.7 per transaction will be charged.A Plus Plan is able to help save you up to $288.60 a year on fees.Besides,it enables you to send money globally to over 200 countries and territories via Interact e–Transfer through its Online Banking. A Plus Plan offers preferred exchange rate only when buying U.S. cash （up to $5,000 U.S. per transaction）.
In a Performance Plan,the number of transactions is unlimited on as many as accounts as you need,meaning that you can make as many everyday banking transactions as you want free of chargein branch,on line or at an ATM of Bank of Monsell.It does not include phone banking services.However,a fee of $4.00 a month is charged for this service.It also includes Primary Chequing and up to 16 more eligible accounts.It helps you save up to $456.60 a year on fees.It also enables you to send money globally to over 200 countries and territories via Interac e–Transfer through its Online Banking.What’s more,one non-bank of Monsell ATM withdrawal on the Interac network per month is offered.A Performance Plan offers preferred exchange rate when buying or selling U.S.cash（up to $5,000 U.S.per transaction）.
In a Premium Plan you can also make unlimited transactions on as many accounts as you need at a monthly fee of $15.05.It includes Primary Chequing and up to 15 more eligible accounts.The everyday banking transactions of this plan should be controlled fewer than 40,or you have to pay a fee of $0.8 for every transaction beyond 40.It helps save up to $791.95 per year on fees.What’s more,5 non-bank of Monsell ATM debit transactions on the Interac network and 5 international debit transactions using non-bank of Monsell ATMs per month is included.However,it does not have the ability to send money globally to any country or territory via Interac e–Transfer through its Online Banking.A Premium Plan offers preferred exchange rate only when selling U.S.cash（up to $5,000 U.S.per transaction）.
You can apply for any of these accounts by phone,online or in person.Please feel free to call us at 1-870-226-5266 or write emails to Bank of Monsell Mike@yahoo.com or get on our website for any further details of these services and products.
If you choose the Plus Plan,which of the following will NOT be true?A.Together with Primary Chequing,you can own 20 accounts.
B.If you make 32 transaction,a fee of $1.4 will be charged.
C.You will be able to save up to $240.5 a month on fees.
D.You can sell U.S.cash（up to $5,000 U.S.per transaction）at preferred exchange rate.答案：C解析：本题考查的是细节理解。
【关键词】Plus Plan；NOT be true
【主题句】第3自然段1.It includes Primary Chequing and up to 19 more eligible accounts.它包括初始支票账户和另外多达19个符合条件的账户。
2.You can make 30 transactions either in branch,by phone,online,by mobile or at an ATM of Bank of Monsell.From the 31st transaction,a fee of $0.7 per transaction will be charged.你可以进行30笔免手续费交易，方式可以是在分行柜台，手机银行，网上银行，移动支付或者Bank of Monsell的ATM机。从第31笔交易起，每笔将收取0.7美元的手续费。
3.A Plus Plan is able to help save you up to $288.60 a year on fees.附加方案每年可以节省288.6美元费用。
4.4.A Plus Plan offers preferred exchange rate only when buying U.S. cash （up to $5,000 U.S. per transaction）.附加方案仅提供以优先汇率购入美元（每笔交易上限是5000美元）。
【解析】本题的问题是“如果你选择了附加方案，下列哪一项不正确？”A选项“加上初始支票账户，你可以拥有20个账户。”，根据主题句1，正确。B选项“如果你进行了32笔交易，将收取1.4美元的手续费。”，根据主题句2，从第31笔开始收费，两笔收取1.4美元，正确。C选项“每个月你可以节约240.5美元的费用。”根据主题句3，文中说的是省288.6一年，而不是240.5一个月，错误。D选项“你可以以优先汇率售出美元（每笔交易上限是5000美元）。”。根据主题句4，以优先汇率是购入美元，而不是售出，错误。 -
第20题：
单选题A CO2 extinguisher on a ship which has lost 10% of its charge must be（）.Aused at the earliest opportunity
Bhydrotested
Crecharged
Dweighed again in one month
正确答案： D解析： 暂无解析 -
第21题：
问答题Practice 2 ● In order to explore a foreign market, your company has decided to change its name to suit that foreign market, from LGD to LNO. You are the assistant to the Managing Director and are asked to inform all the staff of the name change. ● Write a memo: ● Informing them of the new name, ● Telling them when to use the new name, ● Stating that they should only use the new name after that time. ● Write 30-40 words on the opposite sheet.正确答案： 【参考范文】
To: All the staff
From: Lucy Smith, Assistant to MD
Date: 20 July 2008
Subject: Company’s Name Change
To explore a foreign market, our company has made a decision to change its name from LGD to LNO to suit that foreign market. This name will be officially used on 26 July 2008. Please notice that only the new name should be used from that time on.解析： 暂无解析 -
第22题：
单选题What does Mr. Saunders request the company do?AReplace his new water heater
BRemove a late charge from his bill
CRegister him for equalized payments
DGive him a discount on next month’s bill
正确答案： B解析：
信中第4段最后1句要求the late charge from last month’s payment period be erased，即希望把上个月产生的滞纳金从总额中扣除出去，故选B。 -
第23题：
单选题A CO2 extinguisher on a ship which has lost 10% of its charge must be（）.Aused at the earliest opportunity
Bhydro-tested
Crecharged
Dweighed again in one month
正确答案： C解析： 暂无解析