Fair and(1)competition in government procurement around the world is good business and goo
A. help
B. server
C. value
D. policy
A. help
B. server
C. value
D. policy
第1题
(73)
A. open
B. continue
C. dependent
D. reliable
(74)
A. recession
B. innovation
C. crisis
D. ability
(75)
A. help
B. server
C. value
D. policy
第2题
(73)
A. open
B. continue
C. dependent
D. reliable
(74)
A. recession
B. innovation
C. crisis
D. ability
(75)
A. help
B. server
C. value
D. policy
第3题
(73)
A.open
B.continue
C.dependent
D.reliable
第4题
(73)
A.open
B.continue
C.dependent
D.reliable
第5题
(75)A. users B. servers C. producers D. suppliers
第6题
(75) A. users
B. servers
C. producers
D. suppliers
第7题
A.users
B.servers
C.producers
D.suppliers
第8题
A.Complete the project as requested,but verify its scope with the customer occasionally throughout.
B.Conplete the project within eight months without contacting the customer during this tim
C.Ask management to check in with the customer occasionally.
D.Complete the project,but document that the customer did not want contact.
第9题
We are looking for energetic, creative, and committed professionals to join the Abingdon family. If you are looking for a position in a dynamic and stimulating work environment with plenty of room for professional growth, we want to talk to you.
We are currently seeking applications for computer programmers and software developers. We offer a competitive salary and benefits, excellent working conditions, and a chance to make a difference.
Please visit our booth at the National Career Center Job Fair during the week of October 13-18 to find out about the exciting job opportunities awaiting you at Abingdon.
What type of announcement is this?
A.A government proclamation
B.A job announcement
C.A television listing
D.Publicity for the opening of a National Career Center
第10题
Rocky Mountain Air Cargo is a privately held commercial aviation company serving the western United States. It publishes financial statements in accordance with U.S. GAAP and uses a fiscal year that matches the calendar year.
Rocky Mountain was in good financial shape heading into 2003, with assets of $50 million at the beginning of the fiscal year. That year, it earned $3 million in net income and was easily able to maintain its traditional 50 percent dividend payout ratio. However, Rocky Mountain had a very difficult year in 2004, reporting a loss of $800,000. It managed to pay $1 million in dividends, but the decision to pay dividends in such a weak financial year further undermined the company’s fiscal stability.
Flitenight Air Lines, a publicly-traded aviation firm serving the central and Midwestern United States, wanted to expand its range of service by coordinating its flight schedule with airlines serving different geographic regions ofNorth America. One of these airlines was Rocky Mountain Air Cargo.
To cement the relationship, Flitenight’s CEO, John “Bulldog” Basten, decided to make a significant investment in Rocky Mountain Air Cargo. He was easily able to convince both boards of the wisdom of the deal, and, in his usual brash style, personally negotiated the terms with his counterpart at Rocky Mountain, Buck Matthews. Flitenight Air Lines acquired a 20 percent stake in Rocky Mountain Air Cargo (with an option to purchase 40 percent more) for $10 million cash. The deal closed on January 1, 2003 and Flitenight accounted for the investment using the equity method.
Basten was not happy to find that he had invested right at the peak of Rocky Mountain’s profitability and wound up with a money-losing airline. He had a difficult conversation with Matthews in early 2005, complaining about the impact of the Rocky Mountain investment on Flitenight’s financials. Basten pointed out that he had a loss on his books: the original $10 million investment in Rocky Mountain was carried at only $9,940,000 on Flitenight’s December 31, 2004 balance sheet. Matthews countered that this was just an accounting entry: on a cash basis, Flitenight had a gain of 5 percent on its investment over the two years.
Matthews’ insistence that the investment had earned money for Flitenight did not sit well with Basten. Basten decided that Rocky Mountain was clearly being mismanaged and concluded it was time to gain control of the company.
Basten assured Neil Glenn, the Chairman of Flitenight’s board, that he could turn Rocky Mountain around. He promised Glenn that, in 2005, Rocky Mountain would once again achieve $3 million in earnings and a 50 percent payout ratio. “With those results,” Basten promised Glenn, “our asset accounts will value the Rocky Mountaininvestment at $10,240,000 on our December 31, 2005 balance sheet – so we’ll show a gain on our original investment.” Glenn was skeptical of anyone’s ability to turn the airline around so quickly. Even so, Glenn assured Basten, “If it takes you longer to turn it around, at least we’ll have the dividend income on our 2005 cash flow statements.”
Basten notified Matthews and Rocky Mountain’s board that Flitenight intended to exercise its option. At the direction of Basten and Glenn, Flitenight purchased the additional shares for cash and gained control of RockyMountain on December 31, 2004.
Part 6)
Regarding Basten’s and Glenn’s statements about the impact of Rocky Mountain on Flitenight’s 2005 balance sheet and cash flow statement, which is CORRECT?
A)Basten’s statement is incorrect and Matthews’ statement is incorrect.
B)Basten’s statement is correct and Matthews’ statement is incorrect.
C)Basten’s statement is correct and Matthews’ statement is correct.
D)Basten’s statement is incorrect and Matthews’ statement is correct.
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