智慧树知到《CostandManagerialAccounting成本管理会计》2023见面课答案

1、A financial analyst determines the after-tax operating cash flow for a proposed project’s first year using the following estimates. 财务分析师使用以下估计确定拟议项目第一年的税后经营现金流Sales revenue 销售收入 $2,000,000Operating costs 运营成本$1,000,000Depreciation 折旧$200,000Income tax rate 所得税率35% The after-tax operating cash flow for this project in its first year is:( )第一年的税后经营现金流为（ ）

A.$520,000

B.$650,000

C.$720,000

D.$850,000

正确答案：$720,000

2、 After calculating both the simple payback period and the discounted payback period for a project, the discounted payback period is:( )计算一个项目的静态投资回收期和动态投资回收期后，动态投资回收期为: ( )

A.shorter because the time value of money raises the value of the cash flows.更短，因为货币的时间价值提高了现金流的价值

B.longer because the time value of money raises the value of the cash flows.更长，因为货币的时间价值提高了现金流的价值

C.shorter because the time value of money lowers the value of the cash flows.更短，因为货币的时间价值降低了现金流的价值

D.longer because the time value of money lowers the value of the cash flows.更长，因为货币的时间价值降低了现金流的价值。

正确答案：longer because the time value of money lowers the value of the cash flows.更长，因为货币的时间价值降低了现金流的价值。

3、 A depreciation tax shield is a reduction in income taxes折旧税盾是折旧费用引起的所得税的减少

A.正确

B.错误

正确答案：A

4、Discounted cash flow model is generally considered the best model for long-range decision making ( ) 贴现的现金流模型被认为是长期决策的最佳模型

A.正确

B.错误

正确答案：A

5、Staten Corporation is considering two mutually exclusive projects. Both require an initial outlay of $150,000 and will operate for five years. The cash flows associated with these projects are:Staten 公司正在考虑两个相互排斥的项目。两者都需要 150,000 美元的初始支出，并将运营五年。与这些项目相关的现金流量是：（ ）折现率为10%的现值系数12345复利现值系数0.9090.8260.7510.6830.621年金现值系数0.9091.7362.4873.1703.791Staten’s required rate of return is 10%. Using the net present value method, which one of the following actions would you recommend to Staten? Staten公司要求的回报率为 10%。使用净现值法，您会向 Staten 推荐以下哪一项行动？（ ）

A.Accept Projects X and Y. 接受X和Y项目

B.Reject Projects X and Y. 拒绝X和Y项目