题目
A.dive right in
B.catch up on
C.push ahead with
D.split off from
第1题
A.addbit U0 (ci, r1[0], r2[0], cl, result[0])
B.addbit (r1, r2, ci, result, c1)
C.addbit (r1[0], r2[0], ci, result[0], c1)
D.addbit U0 (ci, r1[0], r2[0], result[0], c1)
E.addbit U0(r1[0], r2[0], ci, result[0], cl)
F.addbit, U0 (r1[0], r2[0], cl, result[0], ci)
第2题
A.addbit (r1, r2, ci, result, c1)
B.addbit (r1[0], r2[0], ci, result[0], c1)
C.addbit U0 (ci, r1[0], r2[0], result[0], c1)
D.addbit U0 (ci, r1[0], r2[0], cl, result[0])
E.addbit U0(r1[0], r2[0], ci, result[0], cl)
F.addbit, U0 (r1[0], r2[0], cl, result[0], ci)
第3题
A.addbit U0 (ci, r1[0], r2[0], cl, result[0])
B.addbit (r1, r2, ci, result, c1)
C.addbit (r1[0], r2[0], ci, result[0], c1)
D.addbit U0 (ci, r1[0], r2[0], result[0], c1)
E.addbit U0(r1[0], r2[0], ci, result[0], cl)
F.addbit, U0 (r1[0], r2[0], cl, result[0], ci)
第4题
There are two character strings:s and t.s="My favor is computer",t=substr(s,9,5).Then the result after operation is
A.S="My favor is computer"; t="compu";
B.S="My favor is computer"; t="is co";
C.S="My favor"; t="is co";
D.S="My favor"; t="is computer";
第5题
A.The lowest cost at which the appropriate quantity and quality of physical, human and financial resources can be achieved
B.Producing the required goods and services in the shortest time possible
C.The extent to which an activity is achieving its policy objectives
D.The relationship between goods and services produced and the resources used to produce them
第6题
The following scenario relates to questions 1–5
You are an audit manager at Horti & Co and you are considering a number of ethical issues which have arisen on some of the firm’s long-standing audit clients.
Tree Co Horti & Co is planning its external audit of Tree Co. Yesterday, the audit engagement partner, Charlie Thrower, discovered that a significant fee for information security services, which were provided to Tree Co by Horti & Co, is overdue. Charlie hopes to be able to resolve the dispute amicably and has confirmed that he will discuss the matter with the finance director,
Percy Marsh, at the weekend, as they are both attending a party to celebrate the engagement of Charlie’s daughter and Percy’s son. Bush Co
Horti & Co is the external auditor of Bush Co and also provides other non-audit services to the company. While performing the audit for the year ended 31 October 20X8, the audit engagement partner was taken ill and took an indefinite leave of absence from the firm. The ethics partner has identified the following potential replacements and is keen that independence is maintained to the highest level:
Brian Smith who is also the partner in charge of the tax services provided to Bush Co
Monty Nod who was the audit engagement partner for the ten years ended 31 October 20X7
Cassie Dixon who introduced Bush Co as a client when she joined the firm as an audit partner five years ago
Pete Russo who is also the partner in charge of the payroll services provided to Bush Co
Plant Co
Plant Co is a large private company, with a financial year to 30 June, and has been an audit client of Horti & Co for several years. Alan Marshlow, a partner of Horti & Co, has acted as the engagement quality control reviewer (EQCR) on the last two
audits to the year ended 30 June 20X8. At a recent meeting, he advised that he can no longer be EQCR on the engagement as he is considering accepting appointment as a non-executive director and will sit on the audit committee of Plant Co.
The board of directors has also asked Horti & Co if they would be able to provide internal audit services to the company.
Weed Co
Weed Co, a listed company, is one of Horti & Co’s largest clients. Last year the fee for audit and other services was $1·2m and this year it is expected to be $1·3m which represents 16·6% and 18·1% of Horti & Co’s total income respectively.
3. Which of the following correctly identifies the threats to Horti & Co’s independence and proposes an appropriate course of action for the firm if Alan Marshlow accepts appointment as a non-executive director of Plant Co?
Threats Course of action
A.Self-interest and familiarity Can continue with appropriate safeguards
B.Self-interest and self-review Must resign as auditor
C.Self-review and familiarity Must resign as auditor
D.Familiarity only Can continue with appropriate safeguards
4. You are separately considering Plant Co’s request to provide internal audit services and the remit of these services if they are accepted.
Which of the following would result in Horti & Co assuming a management responsibility in relation to the internal audit services?
(1) Taking responsibility for designing and maintaining internal control systems
(2) Determining which recommendations should take priority and be implemented
(3) Determining the reliance which can be placed on the work of internal audit for the external audit
(4) Setting the scope of the internal audit work to be carried out
A.1 and 3
B.2, 3 and 4
C.1, 2 and 4
D.3 and 4 only
第7题
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)
第8题
请编制程序PROG1.ASM,其功能是:内存中连续存放着二个有符号字节序列Ak和Bk,求序列Ck(Ck=Ak+Bk)。例如:
源数Ak:0lH,02H,02H,02H,04H,05H…
源数Bk:01H,02H,02H,02H,04H,05H…
结果Ck:02H,04H,04H,04H,08H,0AH…
部分程序已经给出,其中原始数据由过程LOAD从文件INPUTl.DAT中读入SOURCE开始的内存元中,运算结果要求从RESULT开始存放,由过程SAVE保存到文件OUTPUT1.DAT中。
请在BEGIN和END之间补充一段源程序,完成要求的功能。
对程序必须进行汇编,并与IO.OBJ链接产生执行文件,最终运行程序产生结果。调试中若发现整个程序中存在错误之处,请加以修改。
PROG1.ASM文件内容如下:
EXTRN LOAD: FAR, SAVE: FAR
N EQU 10 ;每个序列的长度
STAC SEGMENT STACK
DB 128 UP()
STAC ENDS
DATA SEGMENT
SOURCE DB N * 2DUP() ;顺序存放AO, ..., A9 ,BO,.. ,B9
RESULT DW N DUP(0) ;顺序存放CO,...,C9
NAME0 DB 'INPUT1. DAT',0
NAME1 DB 'OUTPUT1. DAT' ,0
DATA ENDS
CODE SEGMENT
ASSUME CS: CODE, DS: DATA, SS: STAC
START PROC FAR
PUSH DS
XOR AX, AX
PUSH AX
MOV AX, DATA
MOV DS, AX
LEA DX, SOURCE ;数据区起始地址
LEA SI, NAME0 ;原始数据文件名
MOV CX, N*2 ;字节数
CALL LOAD ;从INPUT1.DAT文件中读取数据
; * * * * BEGIN * * * *
MOV DI,OFFSET RESULT ;结果从RESULT开始存放
MOV BX,0
MOV CX,N
PRO: MOV AH ,0
MOV AL,_____ ;序列Bk中的一个字节
MOV DL, AL ; 暂存Bk
_____ AL, SOURCE [BX] ; Ck = Bk + Ak
JNO STAY ; 无溢出转STAY
JUMP1: MOV AH ,00 ; 有溢出
ADD DL,O
JNS JUMP ; Bk是正数(为一个正数加上
; 一个正数,结果为负数的溢出
; 情况)转JUMP(AH已为OOH)
MOV AH,_____ ; Bk是负数(为一个负数加上
&nbs
第9题
Securitisation proposals
One of the non-executive directors of Moonstar Co has proposed that it should raise funds by means of a securitisation process, transferring the rights to the rental income from the commercial property development to a special purpose vehicle. Her proposals assume that the leases will generate an income of 11% per annum to Moonstar Co over a ten-year period. She proposes that Moonstar Co should use 90% of the value of the investment for a collateralised loan obligation which should be structured as follows:
– 60% of the collateral value to support a tranche of A-rated floating rate loan notes offering investors LIBOR plus 150 basis points
– 15% of the collateral value to support a tranche of B-rated fixed rate loan notes offering investors 12%
– 15% of the collateral value to support a tranche of C-rated fixed rate loan notes offering investors 13%
– 10% of the collateral value to support a tranche as subordinated certificates, with the return being the excess of receipts over payments from the securitisation process
The non-executive director believes that there will be sufficient demand for all tranches of the loan notes from investors. Investors will expect that the income stream from the development to be low risk, as they will expect the property market to improve with the recession coming to an end and enough potential lessees to be attracted by the new development.
The non-executive director predicts that there would be annual costs of $200,000 in administering the loan. She acknowledges that there would be interest rate risks associated with the proposal, and proposes a fixed for variable interest rate swap on the A-rated floating rate notes, exchanging LIBOR for 9·5%.
However the finance director believes that the prediction of the income from the development that the non-executive director has made is over-optimistic. He believes that it is most likely that the total value of the rental income will be 5% lower than the non-executive director has forecast. He believes that there is some risk that the returns could be so low as to jeopardise the income for the C-rated fixed rate loan note holders.
Islamic finance
Moonstar Co’s chief executive has wondered whether Sukuk finance would be a better way of funding the development than the securitisation.
Moonstar Co’s chairman has pointed out that a major bank in the country where Moonstar Co is located has begun to offer a range of Islamic financial products. The chairman has suggested that a Mudaraba contract would be the most appropriate method of providing the funds required for the investment.
Required:
(a) Calculate the amounts in $ which each of the tranches can expect to receive from the securitisation arrangement proposed by the non-executive director and discuss how the variability in rental income affects the returns from the securitisation. (11 marks)
(b) Discuss the benefits and risks for Moonstar Co associated with the securitisation arrangement that the non-executive director has proposed. (6 marks)
(c) (i) Discuss the suitability of Sukuk finance to fund the investment, including an assessment of its appeal to potential investors. (4 marks)
(ii) Discuss whether a Mudaraba contract would be an appropriate method of financing the investment and discuss why the bank may have concerns about providing finance by this method. (4 marks)
第10题
A.wx.redirectTo({url: '/pages/result/result?A=' + this.data.A})
B.wx.redirectTo({url: '/pages/result/result?A=' + A})
C.wx.redirectTo({www: '/pages/result/result?A=' + this.data.A})
D.wx.redirectTo'({url: /pages/result/result?A= + this.data.A})'
第11题
A.wx.redirectTo({url: '/pages/result/result?A=' + this.data.A})
B.wx.redirectTo({url: '/pages/result/result?A=' + A})
C.wx.redirectTo({www: '/pages/result/result?A=' + this.data.A})
D.wx.redirectTo'({url: /pages/result/result?A= + this.data.A})'
为了保护您的账号安全,请在“赏学吧”公众号进行验证,点击“官网服务”-“账号验证”后输入验证码“”完成验证,验证成功后方可继续查看答案!