Firms choose a fiscal year according to their natural business year, whose year end is a low point in business activity.（）

Artificially low interest rates have caused a slump in the lira(里拉：意大利货币) (down 55% in the past four years), pushed inflation up to double digits and led firms to overload themselves with debt. （Economist）

Refer to Figure 12.1. Assume the firms have formed a cartel. If the cartel is maximizing profits, the cartel's profits are:

The primary reason that individuals and firms choose to borrow long-term is t o _________

Choose the word that best completes each sentence Several sporting events take part / take place in our town every year. （5.0分）

Choose the best answer from the options below to complete the following sentence. Law firms and accounting firms can provide ________.

The 20 - year average return of venture capital firms has been about _________.

Fiscal policy is more effective under a fixed rate than under a floating rate.

Travel firms in Britain have been______ package tours to Southeast Asia for years.

A government is concerned about the timing of the impact of fiscal policy changes and is considering requiring the compilation and reporting of economic statistics weekly, rather than quarterly. The n

A small number of firms have ceasedtrading（）

Western Corporation began operations in 1999.Its fiscal year end is October 31.This date coincides with its natural business year.On June 2, 2018, Western elects S corporation status.All of the corporate shareholders consented to the election.The earliest date the corporation is recognized as an S corporation is().

With fixed exchange rates, fiscal policy is more powerful with a high degree of capital mobility than with a low degree of capital mobility.（ ）

A. It has a broadly based tax structure an important point. B. In 1992 it produced more oil than Colorado and Kansas combined. C. However, the extractive mineral industry in New Mexico is one of the state's strongest economic forces. D. During fiscal year 1992 New Mexico raised permanent funds worth about $6.1 billion. E. the combined value of oil and gas production was $ 2. 8 billion. F. Some 16, 000 employees work in the extractive industries and their wages are among the highest of any major industry. G. the $39 million earned by these funds in 1991 was used to finance education and other public services. H. Only S 25 million came from agricultural taxes. I. New Mexico's extractive mineral industries contribute about a third of the state's $ 1. 9 billion general-fund income in fiscal year 1991.PART THREE

Bosses now prefer to be paid in share options. The average chief executive of one of America's top 200 firms would take home just over $750,000 in gold. In fact, in 1998 he made a pre-tax profit of $8.3 m by exercising executive share options, which give the right to buy a fixed number of his company's shares at a fixed price in what is now a rising market. At the end of last year, he also had total unrealized profits on stock options of nearly $50m.

Expenses of a firm should be shown on the firms' income statement.

If you need to choose a magazine from the above listed for a 7-year-old girl, how much do you need to pay a year？

On October 1, 2000, ABC Co. Ltd. loaned XYZ Store $300 000, receiving in exchange a nine-month, 12% note receivable. ABC ends its fiscal year on December 31, and makes adjusting entries to accrue interest earned on all notes receivable. The interest earned on the note receivable from XYZ during 2001 will amount to______.

A company bought a machine on 1 October 1996 for $52 000. The machine had an expected life of eight years and an estimated residual value of $4 000. On 31 March 2001, the machine was sold for $35 000. The company's fiscal year end is 31 December. The company uses the straight-line method for depreciation and it charges a full year's depreciation in the year of purchase and none in the year of sale. What is the profit or loss on disposal of the machine？

Other things equal, which of the following would bemost likelyto increase a firms return on shareholders equity？

Which of the following statements is least accurate？ A firms free-cash-flow-to-equity （FCFE）:

In the long run, all firms in a perfectly competitive industry will operate at the po

Question 13 Which of the following statements is correct regarding the financial statement adjustments that an analyst must make regarding firms that choose different accounting methods but are subject to the same standards, and firms with different accounting methods due to differences in applicable accounting standards, respectively？ Same accounting standards Different accounting standards

Which of the following causes of an increase in return on equity is most likely a positive sign for a firms equity investors？

The local government decided to mergethe two firms into a big one（）