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Year after year a dedicated Swedish chemist worked to find a substance which, when【C1】____

__nitroglycerine (硝化甘油), would make explosives safer to handle【C2】______weakening their force. He had a personal【C3】______scientific reason to pursue his search, because his【C4】______brother had been killed when a can of nitroglycerine【C5】______exploded. The oily liquid had been 【C6】______for so many disasters that its【C7】______ had finally been outlawed by many countries.

While【C8】______a new formula one morning, the doctor broke a test tube and gashed (划开) his finger. He was daubing (涂搽) the【C9】______with collodion (火棉胶), a coating solution of gun-cotton dissolved in ether-alcohol (乙醚),【C10】______the idea struck him —mix collodion with the nitroglycerine!【C11】______was the answer. The new mixture,【C12】______blasting gelatine (爆胶), was not only【C13】______safe to handle as dynamite, but it was also one-and-a-half times more powerful! In fact, so powerful 【C14】______ that it paved the way for a whole new【C15】______in construction and engineering. Mines were【C16】______, roads were built, and canals were cut at a speed once【C17】______impossible. It had another use, also —death and destruction in warfare. Its inventor had believed that the power of his new【C18】______ would so awe the military mind that it would actually be a deterrent (威慑物) to war.【C19】______it became a weapon that brought death to millions of soldiers and【C20】______.

【C1】

A.mixing with

B.mixed with

C.was mixing with

D.was mixed with

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更多“Year after year a dedicated Sw…”相关的问题
第1题
In the compressed history of Earth the Declaration of Independence is signed______.A.a lon

In the compressed history of Earth the Declaration of Independence is signed______.

A.a long time before the New Year

B.immediately after the New Year's Day

C.just one second before the New Year

D.right on the New Year's Day

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第2题
The Houses of Parliament were

A.never burnt down at all

B.rebuilt before the clock was set up

C.burnt down in 1834 after the clock was made

D.burn down in 1834 and rebuilt the next year

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第3题
一You needn't do the work till after the New Year. 一__________ A. No,you needn

一You needn't do the work till after the New Year.

一__________

A. No,you needn't.

B. Oh, good!Thank you.

C. Happy New Year to you.

D. I like the work.

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第4题
BRT Co has developed a new confectionery line that can be sold for $5·00 per box and that
is expected to have continuing popularity for many years. The Finance Director has proposed that investment in the new product should be evaluated over a four-year time-horizon, even though sales would continue after the fourth year, on the grounds that cash flows after four years are too uncertain to be included in the evaluation. The variable and fixed costs (both in current price terms) will depend on sales volume, as follows.

The production equipment for the new confectionery line would cost $2 million and an additional initial investment of $750,000 would be needed for working capital. Capital allowances (tax-allowable depreciation) on a 25% reducing balance basis could be claimed on the cost of equipment. Profit tax of 30% per year will be payable one year in arrears. A balancing allowance would be claimed in the fourth year of operation.

The average general level of inflation is expected to be 3% per year and selling price, variable costs, fixed costs and working capital would all experience inflation of this level. BRT Co uses a nominal after-tax cost of capital of 12% to appraise new investment projects.

Required:

(a) Assuming that production only lasts for four years, calculate the net present value of investing in the new product using a nominal terms approach and advise on its financial acceptability (work to the nearest $1,000). (13 marks)

(b) Comment briefly on the proposal to use a four-year time horizon, and calculate and discuss a value that could be placed on after-tax cash flows arising after the fourth year of operation, using a perpetuity approach. Assume, for this part of the question only, that before-tax cash flows and profit tax are constant from year five onwards, and that capital allowances and working capital can be ignored. (5 marks)

(c) Discuss THREE ways of incorporating risk into the investment appraisal process. (7 marks)

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第5题
The Antarctic(南极洲)is actually a desert.It is the only continent on the earth without a river or a lake.The Antarctic is all ice all year round.The warmest temperature ever recorded there is zero,at the South Pole.Explorers used to think that a place so cold would have a heavy snowfall.But less than ten inches of snow falls each yeat.That is less than half an inch of water.Ten times that much moisture falls in parts of the Sahara.The little snow that falls in Antarctic never melts.It continues to pile up deeper and deeper year after year.When the snow gets to be about eighty feet deep it is turned to ice by the weight of the snow above it.1.Antarctica is called a desert because it has little moisture and no lakes or rivers.A.TB.F2.The Antarctic has ten times as much moisture as the Sahara.A.TB.F3.The temperature in the Antarctic is always above zero.A.TB.F4.The snow In Antarctic is very deep because it piles up year after year.A.TB.F5.The snow turns to ice when the snow above it is heavy enough.A.TB.F
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第6题
When Bill de Blasio ran for New York City mayor last year, he promised to end a controversial (有争议的), citywide cell-phone ban(禁令)in public schools

When Bill de Blasio ran for New York City mayor last year, he promised to end a controversial (有争议的), citywide cell-phone ban(禁令)in public schools, which is not equally enforced in all schools. Now, under his leadership, the city is preparing to end the ban. It will be replaced by a policy that allows phones inside schools but tells students to keep them packed away during class.

Many schools have a rule about enforcing the ban that says, “If we don't see it, we don't know about it.” That means teachers are OK with students bringing in cell phones, as long as they stay out of sight and inside bags and pockets.

But at the 88 city schools with metal detectors, die ban has been strictly enforced. The detectors were installed to keep weapon out of schools,but the scanners(扫描器)can also detect cell phones. So students at these schools must leave their phones at home or pay someone to store it for them.

The ban was put into place in 2007 under mayor Michael Bloomberg. Ending the ban will also likely end an industry that has sprung up near dozens of the schools that enforce the ban. Workers in vans(厢式货车)that resemble food tracks store teens' cell phones and Other devices for a dollar a day,

Critics of the ban say cell phones are important safety devices for kids during an emergency. They also say that enforcement of the ban is uneven and discriminatory. Where the ban is enforced, it puts a disadvantage on students who can't afford to pay to store their phones.

Before putting an official end to the cell-phone ban, city education officials are working on creating a new policy. It will include rules about not using the phones during class or to cheat on tests.

1. Which of the following is the main idea of the passage?

A. New York City will give financial aid to poor students.

B. New York City plans to restrict cell phone use in libraries.

C. New York City plans to install metal detectors in all public schools.

D. New York City will soon end a ban on cell phones in schools.

2. Students pay___________ a day to leave their cell phones in a van parked near their school.

A. a dollar

B. two dollars

C. five dollars

D. ten dollars

3. Metal detectors were installed in 88 city schools, mainly to keep ___________ out of schools.

A. cell phones

B. weapons

C. alcohol

D. drugs

4. The word discriminatory in Paragraph 5 probably means ___________.

A. necessary

B. tough

C. strict

D. unfair

5. According to the passage, which of the following statements is TRUE?

A. After the cell-phone ban is ended, students can use their phones during class.

B. The cell-phone ban is equally enforced in all public schools.

C. The cell-phone ban was put into place in 2008 under Mayor Bill de Blasio.

D. A phone-storage industry has appeared outside the 88 metal-detector campuses.

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第7题
After preparing a draft statement of profit or loss (before interest and tax) for the year

After preparing a draft statement of profit or loss (before interest and tax) for the year ended 31 March 20X6 (before any adjustments which may be required by notes (i) to (iv) below), the summarised trial balance of Triage Co as at 31 March 20X6 is:

The following notes are relevant:

(i) Triage Co issued 400,000 $100 6% convertible loan notes on 1 April 20X5. Interest is payable annually in arrears on 31 March each year. The loans can be converted to equity shares on the basis of 20 shares for each $100 loan note on 31 March 20X8 or redeemed at par for cash on the same date. An equivalent loan without the conversion rights would have required an interest rate of 8%.

The present value of $1 receivable at the end of each year, based on discount rates of 6% and 8%, are:

(ii) Non-current assets:

The directors decided to revalue the leased property at $66·3m on 1 October 20X5. Triage Co does not make an annual transfer from the revaluation surplus to retained earnings to reflect the realisation of the revaluation gain; however, the revaluation will give rise to a deferred tax liability at the company’s tax rate of 20%.

The leased property is depreciated on a straight-line basis and plant and equipment at 15% per annum using the reducing balance method.

No depreciation has yet been charged on any non-current assets for the year ended 31 March 20X6.

(iii) In September 20X5, the directors of Triage Co discovered a fraud. In total, $700,000 which had been included as receivables in the above trial balance had been stolen by an employee. $450,000 of this related to the year ended 31 March 20X5, the rest to the current year. The directors are hopeful that 50% of the losses can be recovered from the company’s insurers.

(iv) A provision of $2·7m is required for current income tax on the profit of the year to 31 March 20X6. The balance on current tax in the trial balance is the under/over provision of tax for the previous year. In addition to the temporary differences relating to the information in note (ii), at 31 March 20X6, the carrying amounts of Triage Co’s net assets are $12m more than their tax base.

Required:

(a) Prepare a schedule of adjustments required to the draft profit before interest and tax (in the above trial balance) to give the profit or loss of Triage Co for the year ended 31 March 20X6 as a result of the information in notes (i) to (iv) above.

(b) Prepare the statement of financial position of Triage Co as at 31 March 20X6.

(c) The issue of convertible loan notes can potentially dilute the basic earnings per share (EPS). Calculate the diluted earnings per share for Triage Co for the year ended 31 March 20X6 (there is no need to calculate the basic EPS).

Note: A statement of changes in equity and the notes to the statement of financial position are not required.

The following mark allocation is provided as guidance for this question:

(a) 5 marks

(b) 12 marks

(c) 3 marks

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第8题
Nesud Co has credit sales of $45 million per year and on average settles accounts with tra
de payables after 60 days. One of its suppliers has offered the company an early settlement discount of 0·5% for payment within 30 days. Administration costs will be increased by $500 per year if the early settlement discount is taken. Nesud Co buys components worth $1·5 million per year from this supplier.

From a different supplier, Nesud Co purchases $2·4 million per year of Component K at a price of $5 per component. Consumption of Component K can be assumed to be at a constant rate throughout the year. The company orders components at the start of each month in order to meet demand and the cost of placing each order is $248·44. The holding cost for Component K is $1·06 per unit per year.

The finance director of Nesud Co is concerned that approximately 1% of credit sales turn into irrecoverable debts. In addition, she has been advised that customers of the company take an average of 65 days to settle their accounts, even though Nesud Co requires settlement within 40 days.

Nesud Co finances working capital from an overdraft costing 4% per year. Assume there are 360 days in a year.

Required:

(a) Evaluate whether Nesud Co should accept the early settlement discount offered by its supplier. (4 marks)

(b) Evaluate whether Nesud Co should adopt an economic order quantity approach to ordering Component K. (6 marks)

(c) Critically discuss how Nesud Co could improve the management of its trade receivables. (10 marks)

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第9题
计算下列资产的美元收益率: a.在一年里,一幅画的价格从20万美元升至25万美元。 b.一瓶1978年珍贵的Burgund

计算下列资产的美元收益率:

a.在一年里,一幅画的价格从20万美元升至25万美元。

b.一瓶1978年珍贵的Burgundy,Domaine de la Romanée-Conti 1978,在1999~2000年价格由180美元升至216美元。

c.存在一家伦敦银行的10000英镑的一年期存款,英镑利率为10%,美元/英镑汇率由每英镑1.50美元升至每英镑1.38美元。

Calculate the dollar rates of return on the following assets:

a.A painting whose price rises from $200,000 to $250,000 in a year.

b.A bottle of a rare Burgundy,Domaine de la Romanée-Conti 1978,whose price rises from $180 to $216 between 1999 and 2000.

c.A £10.000 deposit in a London bank in a year when the interest rate on pounds is IO percent and the $/£ exchange rate moves from $1.50 per pound to $1.38 per pound.

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第10题
You are the audit supervisor of Seagull & Co and are currently planning the audit of y
our existing client, Eagle Heating Co (Eagle), for the year ending 31 December 2014. Eagle manufactures and sells heating and plumbing equipment to a number of home improvement stores across the country.

Eagle has experienced increased competition and as a result, in order to maintain its current levels of sales, it has decreased the selling price of its products significantly since September 2014. The finance director has informed your audit manager that he expects increased inventory levels at the year end. He also notified your manager that one of Eagle’s key customers has been experiencing financial difficulties. Therefore, Eagle has agreed that the customer can take a six-month payment break, after which payments will continue as normal. The finance director does not believe that any allowance is required against this receivable.

In October 2014 the financial controller of Eagle was dismissed. He had been employed by the company for over 20 years, and he has threatened to sue the company for unfair dismissal. The role of financial controller has not yet been filled and so his tasks have been shared between the existing finance department team. In addition, the purchase ledger supervisor left in August and a replacement has been appointed in the last week. However, for this period no supplier statement reconciliations or purchase ledger control account reconciliations were performed.

You have undertaken a preliminary analytical review of the draft year to date statement of profit or loss, and you are surprised to see a significant fall in administration expenses.

Required:

Explain FIVE audit risks, and the auditor’s response to each risk, in planning the audit of Eagle Heating Co.

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第11题
The following trial balance relates to Xtol at 31 March 2014:The following notes are relev

The following trial balance relates to Xtol at 31 March 2014:

The following notes are relevant:

(i) Revenue includes an amount of $20 million for cash sales made through Xtol’s retail outlets during the year on behalf of Francais. Xtol, acting as agent, is entitled to a commission of 10% of the selling price of these goods. By 31 March 2014, Xtol had remitted to Francais $15 million (of the $20 million sales) and recorded this amount in cost of sales.

(ii) Plant and equipment is depreciated at 12?% per annum on the reducing balance basis. All amortisation/depreciation of non-current assets is charged to cost of sales.

(iii) On 1 August 2013, Xtol made a fully subscribed rights issue of equity share capital based on two new shares at 60 cents each for every five shares held. The market price of Xtol’s shares before the issue was $1·02 each. The issue has been fully recorded in the trial balance figures.

(iv) On 1 April 2013, Xtol issued a 5% $50 million convertible loan note at par. Interest is payable annually in arrears on 31 March each year. The loan note is redeemable at par or convertible into equity shares at the option of the loan note holders on 31 March 2016.

The interest on an equivalent loan note without the conversion rights would be 8% per annum. The present values of $1 receivable at the end of each year, based on discount rates of 5% and 8%, are:

(v) An equity dividend of 4 cents per share was paid on 30 May 2013 and, after the rights issue, a further dividend of 2 cents per share was paid on 30 November 2013.

(vi) The balance on current tax represents the under/over provision of the tax liability for the year ended 31 March 2013. A provision of $28 million is required for current tax for the year ended 31 March 2014 and at this date the deferred tax liability was assessed at $8·3 million.

Required:

(a) Prepare the statement of profit or loss for Xtol for the year ended 31 March 2014.

(b) Prepare the statement of changes in equity for Xtol for the year ended 31 March 2014.

(c) Prepare the statement of financial position for Xtol as at 31 March 2014.

(d) Calculate the basic earnings per share (EPS) for Xtol for the year ended 31 March 2014.

Note: Answers and workings (for parts (a) to (c)) should be presented to the nearest $1,000; notes to the financial statements are not required.

The following mark allocation is provided as guidance for this question:

(a) 8 marks

(b) 6 marks

(c) 8 marks

(d) 3 marks

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