Chapter 12 (Brown and Reilly) Investment Analysis and Portfolio Management 9th edition
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2021年英语专八听力真题和原文答案PART I LISTENING COMPREHENSION [25 MIN]2021英语专八真题音频.mp3SECTION A MINI-LECTUREIn this section, you will hear a mini-lecture. You will hear the lecture ONCE ONLY. While listening, please complete the gap-fulling task on ANSWER SHEET ONE and write NO MORE THAN THREE WORDS for each gap. Make sure the word(s) you fill in is (are) both grammaticallyand semanticallyacceptable.You may use the blank sheet for note taking. You have THIRTY seconds to preview the gap-filling task. Now listen to the mini-lecture. When it is over, you will be given THREE minutes to check your work.Current Challenges Confronting U.S. Higher EducationSection B InterviewThis is the end of Part Two of the interview. Questions 6 to 10 are based on what you have just heard. Question 6, what did Maureen think about socializing with writers?Question 7, what was Maureen's view about a community for poets?Question 8, why did her sections have concluding stanzas?Question 9, what did Maureen think about her way of poetry reading?Question 10, what is the interview mainly about?This is the end of Part One of the interview. Questions 1 to 5 are based on what you have just heard. Question 1, what is Maureen McLean, according to the interviewer?Question 2, when did Maureen first begin to read poetry?Question 3, who were the most important teachers to Maureen?Question 4, which of the following did Maureen feel more strongly about when she returned to teach at Harvard?Question 5, why did Maureen bring recordings to class?答案解析和原文1、MINI-LECTURE 录音原文Current Challenges Confronting U.S. Higher EducationGood morning, everyone. In our last lecture, we discussed challenges that face universities and colleges worldwide. Today, we'll take a special look at U.S. higher education and see what challenges U.S. higher education is facing. OK, let's get started.The first challenge we are examining in today's lecture is the force of the marketplace on higher education. Many people believe that the marketplace has overtaken state government as the dominant external force, shaping and reshaping American higher education, even for public colleges and universities. You may ask, why is it so? Well, as is always the case, government support is not keeping pace with educational expenditures. So, in many ways the market is having more bearing on higher education than government. In order to create more flexibility, many public colleges and universities are now asking for less government regulation and supervision. In some instances, they are even asking for less state money in return for more autonomy. And, their argument is that the current structures and accountability requirements have hindered their capacity to be effective and efficient. The ability to set their own tuition fees and secure freedom from state policies and regulations in areas, such as purchasing and building, represent just some of the additional autonomy that public institutions are seeking. And many are pressing for new legislation to provide this freedom through a range of innovations, including public corporations, charter colleges, state enterprise status and performance contracts.So, what is the result of these efforts? Well, the result is that activities and research in certain fields and disciplines, for example, engineering, applied natural science and agricultural science become higher institutional priorities because they have stronger market value than other programs such as humanities do. So, what has happened is that institutions create new programs, alter academic calendars and pursue differentfinancial aid policies to capture more and better students, in particular those who can afford to pay high tuition. For instance, executive MBA programs are increasingly popular. Also, institutions seek contracts and partnership agreements and enhance research programs with practical applications that have large financial payouts. In order to do so, they are changing their institutional structures. And how do they do it? Let me tell you, institutions would add new units that focus on generating external grants and bringing new technology to market. They would build conference centers and create for profit subsidiaries. All of these are done to generate more revenue for institutions. What are the implications of this? Well, the implications are that academic research is increasingly focused on marketable knowledge. Entrepreneurial priorities are taking precedence, services are being outsourced, and students are carrying an increasing burden to pay higher tuition fees for their education.Then how do university administrators view this trend? That is, the marketplace is showing stronger impact on how institutions are run. In fact, university administrators see little option except to respond to the marketplace. The reason is if their institution does not react effectively, it will not have the necessary resources to offer high quality and diverse academic programs. Institutions unable to compete may face hard circumstances because government support continues to fall, students become better informed consumers and advances in technology also widen the number and reach of competitors. In turn, the ability to compete for students, resources, faculty and prestige becomes a driving strategic force. At its extreme, competition can overtake more traditional academic values. However, the downside of pursuing market goals without appropriately balancing them against the public good is, is that institutions will no longer be able to fulfill their social responsibility to produce well-educated citizens and face the threat of losing their privileged place in society as they resemble more closely other market driven organizations.Now, let's move on to the second challenge facing U.S. higher education, that is the tension between competition and equality in admissions decisions. Since World War Two, U.S. higher education has been engaged in a process of massification, that is expanding to serve students from all walks of life. Motivating this effort is a widespread belief in the power of education to create social and economic mobility, and a belief in the morality and social value of making higher education accessible to everyone. Research data bear out public perceptions. When young people from low-income backgrounds complete a bachelor's degree. Their income and employment characteristics after graduation are equivalent to their peers from more affluent backgrounds. So, education can truly be the great equalizer.Although there is widespread public faith in the value of higher education, the progress of massification has been slow and uneven. And why is it slow and uneven? Well, one, higher education did not admit significant numbers of racial and ethnic minorities until after the civil rights of the 1960s forced change. Second, despite significant expenditures on financial aid, minority and low-income individuals are still less likely to attend college than whites or students from middleand upper-income families. Although access gaps have nowadays narrowed somewhat, large gaps remain between completion rates. Low-income students come to college less prepared and must balance academic demands with work and family responsibilities.Finding ways to increase the enrollment rates of low-income students and encourage their success once enrolled are two of the most important problems facing American higher education. One of the challenges to meet these goals is that they can conflict with the other central tenets of American higher education, that is, market competition and resistance to government control. As I said before, for example, institutional competition for the most academically talented students is likely to encourage increased use of tuition discounting for students who have no financial need. And this could divert resources away from low-income students who need financial aid. Similarly, institutions may seek to distinguish themselves in the academic marketplace by becoming more selective in admissions decisions, thus reducing the number of low-income students admitted. However, a primary role of government is to mediate the potentially negative effects of competition by insisting that institutions adhere to their missions, and that institutions provide need-based financial assistance to students. So, a constant preoccupation of American higher education is this tension between the competitive, ambitious natureof institutions and the interests of government in promoting important public goals, primary among them, broad access and widespread success for all students.OK, for today's lecture, we have briefly discussed some of the major challenges facing U.S. higher education, such as the impact of the marketplace on institutions and the tension between competition and promoting public goals.2、MINI-LECTURE 答案解析1. dominant / prevailing / governing 等解析:美国高等教育所面临的两大挑战之一便是市场的力量。
黑布林英语阅读《小女人》 - 中英伴读
简介
《小女人》是美国作家露易莎·梅·奥尔科特的经典作品之一,讲述了四个少女成长的故事。
本次黑布林英语阅读将提供中英文对照的伴读版本,以帮助读者更好地理解和研究。
目标
本次阅读伴读的目标是培养读者的英语阅读能力和理解能力,同时增加对《小女人》这一文学经典作品的了解。
阅读内容
本文档将提供以下内容:
1. 《小女人》的背景和作者简介;
2. 小说的内容概述;
3. 部分章节的原文摘录;
4. 部分章节的中文翻译。
阅读建议
- 阅读过程中,可以先通读中文翻译,对整个故事有一个初步的了解;
- 然后再阅读英文原文,尝试理解并找出与中文翻译的对应内容;
- 不要过于纠结于生词和细节,重点是理解整个故事的主线和人物的情感变化;
- 阅读后可以回顾翻译和原文,加深对故事细节和语言表达的理解。
注意事项
- 本文档的内容仅供阅读和研究使用,不可用于商业目的;
- 请勿将本文档内容用于其他用途,以免侵犯版权;
- 如需完整阅读《小女人》,建议购买正版图书或在合法的平台上阅读。
如需进一步了解和使用本文档,请联系相关责任人。
2024届湖北省武汉市黄陂区第一中学高三下学期一模英语试题一、阅读理解Dear readers,“Persist.” — Viet Thanh Nguyen“Success is no accident.” — Chris Bohjalian“Keep writing and it’ll get easier.” — Lisa Jewell“Be patient with yourself.” — Min Jin LeeThese are words of advice taken from our interviews with award-winning and bestselling authors. Notice, though, not a single mention of their status, prizes, or advances—in other words, their success. And while status, literary awards, and money can be indicators of a successful writer, one must actually sit down and write for any of those things to happen. That’s what all of these pieces of advice have in common: putting words on the page.In this issue, you’ll find articles to help you succeed, no matter your goals. If it’s to figure out whether that mess of a novel you’ve got sitting in a drawer can be rescued or if you need to move on, Andromeda Romano’s article will offer questions to ask yourself. Michael La Ronn’s essay will give you an example of how an unexpected opportunity might be just the push you need. Or, if you’ve had trouble finding an agent, Ryan Van Cleave’s collection of tips and advice from 22 literary agents on every aspect of the business might change your luck. Matty Dalrymple shares ways to reach more readers and build a community with them.Wish you success and happy new year!1.The advice mentioned at the beginning highlights the importance of ______.A.a big dream B.constant practice C.earning money D.achieving success 2.Whose article may help those who are unsure whether to save an unsuccessful novel?A.Matty Dalrympl.B.Michael La Ronn.C.Ryan Van Cleave.D.Andromeda Romano.3.Who might be the target readers of this issue?A.Writers.B.Businessmen.C.Booksellers.D.Literary agents.At my first lesson in Chinese calligraphy, my teacher told me plainly: “Now I will teach you how to write your name. And to make it beautiful.” I felt my breath catch. I was curious.Growing up in Singapore, I had an unusual relationship with my Chinese name. My parents are ethnically Chinese, so they asked fortune tellers to decide my name, aiming for maximum luck. As a result, I ended up with a nonsense and embarrassing name: Chen Yiwen, meaning, roughly, “old”, “barley (薏米)” and “warm”.When I arrived in America for college at 18, I put on an American accent and abandoned my Chinese name. When I moved to Hong Kong in 2021, after 14 years in the States, I decided to learn calligraphy. Why not get back in touch with my heritage? I thought.In calligraphy, the idea is to copy the old masters’ techniques, thereby refining your own. Every week, though, my teacher would give uncomfortably on-the-nose assessments of my person. “You need to be braver,” he once observed. “Have confidence. Try to produce a bold stroke(笔画).” For years, I had prided myself on presenting an image of confidence, but my writing betrayed me.I was trying to make sense of this practice. You must visualize the word as it is to be written and leave a trace of yourself in it. As a bodily practice, calligraphy could go beyond its own cultural restrictions. Could it help me go beyond mine? My teacher once said to me, “When you look at the word, you see the body. Though a word on the page is two-dimensional, it contains multitudes, conveying the force you’ve applied, the energy of your grip, the arch of your spine.” I had been learning calligraphy to get in touch with my cultural roots, but what I was really seeking was a return to myself. Now I have sensed that the pleasure out of calligraphy allows me to know myself more fully.During a recent lesson, my teacher pointed at the word I had just finished, telling me: “This word is much better. I can see the choices you made, your calculations, your flow. Trust yourself. This word is yours.” He might as well have said, “This word is you.”4.What did the author initially think of her name “Chen Yiwen”?A.It was lucky so she gladly accepted it.B.She felt proud of its symbolic meaning.C.She understood the intention but still disliked it.D.Its strange pronunciation made her embarrassed.5.The author decided to learn calligraphy to ______.A.pick up a new hobby B.reconnect with her originC.gain insights into a new culture D.fit in with local community6.From the teacher’s words, the author learns that calligraphy ______.A.reflects the creator’s spirits B.comes from creative energyC.highlights the design of strokes D.depends on continuous practice7.What does the author intend to tell us?A.Appreciate what our culture offers.B.Find beauty from your inner self.C.A great teacher leads you to truth.D.We are the sum of what we create.Any schoolchild knows that a whale breathes through its blowhole. Fewer know that a blowhole is a nostril (鼻孔) slightly changed by evolution into a form more useful for a mammal that spends its life at sea. And only a dedicated expert would know that while toothed whales, such as sperm whales, have one hole, baleen (鲸须) whales, such as humpback and Rice whales, have two.Even among the baleen whales, the placing of those nostrils differs. In some species they are close together. In others, they are much further apart. In a paper published in Biology Letters Conor Ryan, a marine biologist at the Scottish Association for Marine Science, suggests why that might be. Having two nostrils, he argues, helps whales smell in stereo (立体空间).Many types of baleen whales eat tiny animals known as zooplankton (浮游动物), which they catch by filtering (过滤) them from seawater using the sheets of fibrous baleen that have replaced teeth in their mouths. But to eat something you first have to find it. Toothed whales do not hunt by scent. In fact, the olfactory bulb—the part of the brain that processes smell—is absent in such creatures. But baleen whales still have olfactory bulbs, which suggests smell remains important. And scent can indeed give zooplankton away. Zooplankton like to eat other tiny creatures called phytoplankton (浮游植物). When these are under attack, they release a special gas called dimethyl sulphide, which in turn attracts baleen whales.Most animals have stereoscopic senses. Having two eyes, for instance, allows an animal to compare the images from each in order to perceive depth. Having two ears lets them locate the direction from which a sound is coming. Dr Ryan theorized that paired blowholes might bring baleen whales the same sorts of benefits.The farther apart the sensory organs are, the more information can be extracted by theanimal that bears them. The researchers used drones to photograph the nostrils of 143 whales belonging to 14 different species. Sure enough, baleen whales that often eat zooplankton, such as the North Atlantic right whale, have nostrils that are farther apart than do those, such as humpback whales, that eat zooplankton occasionally. Besides allowing them to breathe, it seems that some whales use their blowholes to determine in which direction dinner lies.8.What do we know about whales’ nostrils according to the first two paragraphs?A.They are adapted ones.B.They are developed merely for smell.C.They are not easy to detect.D.They are fixed universally in numbers. 9.What plays a role when baleen whales hunt zooplankton?A.The teeth that baleen whales have.B.The smell that phytoplankton send.C.The sound waves that zooplankton create.D.The chemical signals that zooplankton give off.10.How is the concept of stereoscopic senses explained in paragraph 4?A.By quoting a theory.B.By using examples.C.By making contrast.D.By making inferences.11.What is the position of nostrils related to according to the last paragraph?A.The sense of smell.B.The possibility to attract food.C.The ability to locate food.D.The ability to communicate.Those who had the pleasure of watching Benny Goodman at work saw a rather ordinary-looking man in rimless glasses and a conservative business suit; but they also saw a human being who could play the clarinet(单簧管)like no one before or since. This made Benny Goodman a unique individual.Other Americans who have stood out from the flock include Joe DiMaggio, Beverly Sill, Ernest Hemingway and Jonas Salk. They, like Benny Goodman, were recognized and honored for no other reason than excellence.It is doing something better than other people that makes us unique. Yet a surprising number of people still see individuality as a surface thing. They wear garish clothes, dye their hair strange colors and decorate their skin with tattoos to make some kind of social statement. But anordinary guy who has dyed his hair purple or orange is nothing more than the same person with a funny-looking head.The whole purpose of individuality is excellence. Those who invent, who improvise(即兴发挥), who know more about a subject than other people do, and who take something that doesn’t work and make it work.Charles Kettering didn’t like the idea of making a car start by hand, so he invented the electric starter. Henry Ford figured out the assembly-line technique and made it possible to mass-produce automobiles, and Elisha Otis, inventor of the elevator, indirectly created the city sky-line. These people understood that individualism means working at the top of one’s capacity.The ones with the purple hair and the funky jewelry are just along for the ride, trying to be “different” and not knowing how to go about it.The student who earns straight A’s on his report card has grasped the idea and has found the real meaning of individuality. So has the youngster who has designed his own spaceship, who gives piano recitals, who paints pictures of the world around him.Benny Goodman understood it too. This is why he was at his best, blowing his clarinet, in a blue suit and black shoes.12.Why does the author mention the appearance of Benny Goodman?A.To indicate that he can’t stand out from the flock.B.To contrast with his talent in music performance.C.To show what a talented musician should look like.D.To introduce an important figure in the musical world.13.According to the author, the essence of individualism lies in________.A.pursuing excellence to the fullB.Putting capital in mass productionC.striving to win the recognition of othersD.seeking difference both in character and appearance14.What do the underlined words in paragraph 6 probably mean?A.strive for excellence.B.go along with the crowd.C.stand out from the flock.D.set themselves apart from others.15.For the main thread, the article is organized by way of ________.A.specific to general B.cause and effectC.examples and conclusion D.comparison and contrastWhen you get in a car, you expect it will have functioning brakes. When you pick up medicine at the drugstore, you expect it won’t be polluted. But it wasn’t always like this. The safety of these products was terrible when they first came to market. It took much research and regulation to figure out how users can enjoy the benefits of these products without getting harmed.16Social media risks are everywhere. The dangers that algorithms designed to maximize attention represent to teens have become impossible to ignore. Other product design elements, often called “dark patterns,” designed to keep people using for longer, also appear to tip young users into social media overuse. 17 They say it’s their users’ fault for engaging with harmful content in the first place, even if those users are children or the content is financial trickery. They also claim to be defending free speech.18 Under the Digital Services Act, which came into effect in Europe this year, platforms are required to take action to stop the spread of illegal content and can be fined up to 6 percent of their global incomes if they don’t do so. If this law is enforced, maintaining the safety of their algorithms and networks will be the most financially sound decision for platforms to make.Despite these efforts, two things are clear. First, online safety problems are leading to real, offline suffering. Second, social media companies can’t, or won’t, solve these safety problems on their own. 19 Even safety issues like cyberbullying that we thought were solved can pop right back up. As our society moves online to an ever-greater degree, the idea that anyone, even teens, can just “stay off social media” becomes less and less realistic. 20A.And those problems aren’t going away.B.The current issues aren’t really about offline suffering.C.Platforms already have systems to remove violent or harmful content.D.Similarly, social media needs product safety standards to keep users safe.E.It’s time we should require social media to take safety seriously, for everyone’s sake. F.Internet platforms, however, have shifted blame on the consumers whenever criticized.G.Some authorities are taking steps to hold social media platforms accountable for the content.二、完形填空I’m sitting impatiently in our dusty car looking out. My travel buddy, Lucas, having taken in enough of the 21 , has gone to speak with someone from one of the nearby tourist souvenir huts. After ages, he walks towards me, 22 some sausages, hot water, a new cowboy hat, and a big grin on his face. “We’re giving a man a 23 ,” he tells me.The idea seems 24 but somehow safe, given that there are two of us and Lucas is a 25 to the country. How exciting to create an opportunity to meet people that you wouldn’t have met 26 .Now,as I look at Lucas’ new friend, I see a different kettle of fish. Michael is big. I mean really BIG. I watch in the side mirror as Michael 27 towards the car. In his right boot is a big knife, pushed far enough in that only the handle and the base of the blade poke out. A knife!I would normally be alert to this 28 stranger now sitting in the back of my vehicle. However, with Lucas now eagerly 29 with him in a language I barely understand, I’m trying to let myself 30 . Then Lucas loosely translates the conversation they’re having as Michael proudly 31 his knife, explaining that he uses it for everything: opening bottles, picking his teeth, castrating his cows.Gradually, my 32 towards our new stranger grows as he persistently tries to communicate with me, 33 the mood of the car. Twenty minutes down winding mountain roads and we reach Michael’s house, where we are invited to have a meal with his 34 . Later that day, we leave the house without taking any contact details from Michael. There is an unspoken understanding that this 35 friendship is enough.21.A.meal B.gift C.money D.view 22.A.leaving B.carrying C.taking D.offering 23.A.treat B.welcome C.ride D.coin 24.A.daring B.pleasant C.practical D.worthwhile 25.A.newcomer B.foreigner C.local D.visitor 26.A.otherwise B.instead C.though D.nevertheless27.A.climbs B.cycles C.flies D.marches 28.A.cold B.friendly C.enormous D.slim 29.A.singing B.chatting C.arguing D.complaining 30.A.sleep B.wait C.ease D.forget 31.A.pulls out B.gives out C.picks out D.sets out 32.A.fear B.warmth C.anger D.sympathy 33.A.maintaining B.ruining C.darkening D.lifting 34.A.family B.friends C.neighbors D.guests 35.A.permanent B.brief C.close D.renewed三、语法填空阅读下面短文,在空白处填入 1 个适当的单词或括号内单词的正确形式。
2024年高三一轮名校培优筑基复习方案(北师大2019)(核心单词+词形转换+词汇精讲+熟词新意+写作迁移)Unit 11 Conflict and compromise (选择性必修四) 解析版一、重点单词分类——夯基础(一)核心单词1.compromise n. 折中,妥协2.monitor v t. 监督;监视;监测,检测n. 显示器,监视器3.pack v i.&v t. 打包n. 包,包裹4.vote n. 投票(指行为);票数5.bitter adj. 愤愤不平的;带来痛苦的,令人难过的;苦的6.anyhow_ ad v. (非正式)尽管如此;至少7.remote adj. 偏僻的,偏远的8.edge n. 边缘,外围9.arrest v t. 逮捕,拘捕;抑制;阻止10.pleasant adj. 礼貌而友善的,和蔼可亲的11.keen adj. 着迷的,有强烈兴趣的12.bother_v t.&v i. (使)担心,(使)生气,(使)苦恼13.recall v i.&v t. 回想,回忆起14.weep v i.&v t. 哭泣,流(泪)15.panic n. 惊恐,惶恐,惊慌16.pray_ v i.&v t. 祈求;祈祷17.pile n. 一大堆18.display v t. 展示,陈列19.midnight n. 子夜,午夜20.dozen num. 一打21.ceremony n. 仪式,典礼22.incident n. (尤指不平常的、重要的或暴力的)事件23.ban v t. 禁止,取缔n. 禁令,禁止24.false adj. 不正确的,错的;假的;不真实的25.loose adj. 松的;宽大的26.request n. & v t. 请求,要求(二)拓展单词1.negotiate v i.&v t.谈判,协商→negotiation n. 谈判,协商2.inquire v i.&v t.询问,打听→inquiry n. 询问,调查3.resolve v t.解决(问题、困难)→resolution n. 解决,决心4.inconvenience n.不便,麻烦→inconvenient adj.不便的→convenience n.方便,便利→convenient adj. 方便的,便利的5.detect v t.发现,察觉(尤指不易觉察到的事物)→detection n.侦查,发觉,发现6.annoy v t.使恼怒,使生气→annoyed adj. 恼怒的,烦闷的→annoying adj.讨厌的,令人气恼的7.ashamed adj.内疚的,惭愧的→shame n. 羞愧→shameful adj. 丢脸的,可耻的→shameless adj.无耻的8.maturity n. 成熟→mature adj. 成熟的9.assign v t.分配,分派,指派(任务)→assignment n. 任务,作业10.complaint n.投诉→complain v t. 抱怨;投诉11.drum v i.击鼓,打鼓→drummer n.鼓手12.resolution n. 决心,解决→resolve v t.解决(问题、困难)13.warning n.警告,警示;告诫→warn v t. 警告;告诫14.departure n. 离开,启程→depart v i.离开,出发15.prejudiced adj.有偏见的,有成见的,歧视的→prejudice n. 偏见,歧视16.violence n.暴力行为,暴力→violent adj. 暴力的→violently ad v. 激烈地,猛烈地17.tolerate v t.忍受;忍耐;容忍,容许;宽容→tolerance n. 容忍,忍受→tolerant adj. 宽容的;容忍的18.withdraw v i.& v t.(使)退出(活动、组织等)→withdrawal n. 撤退,取消19.firmly ad v.坚定地,坚决地→firm adj. 坚定的20.murder n.谋杀,凶杀;谋杀罪→murderer n. 谋杀犯21.identification n.身份证明(文件)→identify v t.确认;识别;鉴别→identity n.身份;同一性,一致22.representative n.代表,代理人→represent v t.代表,表示;象征23.greet v t.问候,迎接,招呼→greeting n. 问候,招呼24.mud n.泥,烂泥→muddy adj. 泥泞的,含泥的25.distribute v t. 分发,分配,分送→distribution n.分发;分配;分布26.temporary adj.暂时的,临时的;短期的→temporarily ad v. 暂时地,临时地27.appreciation n.感激→ appreciate v t. 感激;欣赏→appreciative adj. 欣赏的,赞赏的;感激的28.harm v t.伤害n.损害,危害→ harmful adj. 有害的29.desirable adj.理想的,值得拥有的;值得做的→desire n. 欲望,心愿;v t. 想要,要求30.invest v i. & v t. 投资→investment n. 投资31.conclude v t.作出结论,推断出→conclusion n. 结论32.beneficial adj.有利的,有帮助的,有用的→benefit n. 好处,利益v t. 对……有好处,有益于33.permanent adj.永久的,长久的→permanently ad v. 永久地34.recovery n.康复,痊愈→recover v i.&v t. 恢复;重新获得35.greed n.贪欲,贪婪→greedy adj. 贪婪的(三)阅读单词1.somewhat ad v. 有点,有几分2.selfcontrol n. 自制力;自我控制3.tank n. (储存液体或气体的)箱,罐4.plug v t. 把……塞住,堵塞;填塞5.cease v t.&v i. 停止,终止,结束6.property n. 房产;所有物;财产7.chorus n. 齐声;副歌;合唱团8.tailor n. (男装)裁缝9.literally ad v. 确实地10.balcony n. 阳台11.unsuspecting adj. 无提防之心的,无疑心的12.soldier n. 士兵,军人13.bomb n. 炸弹14.general n. 将军,上将15.trench n. 战壕,堑壕16.frontier n. 国界,边境17.border n. 国界,边界;边境地区18.flee v i.& v t. 逃离,逃走19.civilian n. 平民,老百姓20.ward n. 病房21.surgeon n. 外科医生22.tobacco n. 烟叶,烟草23.cigarette n. 香烟24.alcohol n. 含酒精饮品;酒25.fried adj. 油炸的,油煎的26.obesity n. 肥胖(症)27.tax n. 税,税款28.sacred adj. 神圣的29.carpet n. 地毯30.ankle n. 脚踝31.fry n. 炸薯条二、必备短语分组——抓落实(一)汉译英1.pick_up 捡起,拿起2.in_trouble 有麻烦,处于困境中3.deal_with 处理,应对4.respond_to 对……做出回应5.put_forward 提出6.come_across 偶然遇到7.take_action 采取行动8.without_doubt 毫无疑问(二)英译汉9.be annoyed with 被……惹恼;对……感到厌烦10.be prejudiced against 对……有偏见11.get rid of 摆脱12.in a flash 转瞬,一瞬间13.by and by 渐渐地14.hold on 坚持15.be fed up with 厌烦三、经典句式默背——积佳句(一)句型公式1.It is+过去分词+that从句It_is_generally_agreed_that a patient's chances of recovery decline the longer they stay in a coma.人们普遍认为,病人昏迷的时间越长,康复的机会就越小。
专题一阅读理解[全国卷3年考情分析]题型与题量卷别细微环节理解题推理推断题主旨大意题词义揣测题考情分析从统计表可以看出,高考英语阅读理解的题型设置以细微环节理解题和推理推断题为主,兼顾主旨大意题和词义揣测题。
细微环节理解题相对简洁,而其他三种题型相对较难。
在近两年的考查趋向上,细微环节理解题的答案更加隐藏,叙述含蓄,干脆信息题会越来越少,取而代之的将是事实细微环节题加入很多推理、推断、归纳等元素;推理推断题的难度会适当加大。
本专题将对这四种题型进行递进式的指导。
2024 卷Ⅰ7 5 2 1 卷Ⅱ9 3 2 1 卷Ⅲ9 3 2 12024 卷Ⅰ7 6 1 1 卷Ⅱ 5 6 2 2 卷Ⅲ 6 6 2 12024 卷Ⅰ10 3 1 1卷Ⅱ7 5 1 2卷Ⅲ8 4 1 2第一讲细微环节理解题——定位信息巧比对细微环节理解题在英语高考阅读理解中占了较大的比重,而且此类题型相对比较简洁,只须要依据题干中的关键词,回到原文定位信息区间,稍加比对,就能得出正确答案。
因此,对于这类题目要力求读得快、找得准、答得对,力争不丢分,保住基本分才能得高分。
但有些细微环节理解题由于命题人有意设置障碍,把有用信息分散在文章不同位置,有时又有转折、否定等,因此有些题目须要细致地思索、对比、计算、对上下文关键信息把握和分析。
尽管细微环节理解题相对简洁,但不行掉以轻心。
细微环节理解题常见的考查题型有:干脆信息题、间接信息题、概括细微环节理解题和正误推断题。
一、题型特点要知晓(一)细微环节理解题常见设问方式1.特别疑问句形式。
以when, where, what, which, who, how much/many等疑问词引出的问题。
2.推断是非形式。
含有TRUE/FALSE, NOT true或EXCEPT等的推断是非的问题。
此时要留意题干中是否含有否定词,如not, never等。
3.以“According to ...”开头的提问形式。
2024年福建省福州市英语小学六年级上学期期末复习试卷与参考答案一、听力部分(本大题有12小题,每小题2分,共24分)1、听力部分1、What is the weather like today?•A) Sunny.•B) Rainy.•C) Cloudy.•D) Stormy.Answer: B) Rainy.Explanation: In the audio, the weather report stated that it would be rainy today. The correct answer is B.2、Which season does the girl suggest for the trip?•A) Spring.•B) Summer.•C) Autumn.•D) Winter.Answer: A) Spring.Explanation: The girl in the audio suggested that the best time for thetrip would be in spring when the weather is pleasant. Therefore, the correct answer is A.3、Listen and choose the correct picture according to what you hear.•Picture A: A girl is planting flowers in a garden.•Picture B: A boy is reading a book in a library.•Picture C: A teacher is explaining something to the students in a classroom.[Answer: A, B, C][Parsing: The sentence “A girl is planting flowers in a garden” corresponds to Picture A, “A boy is reading a book in a library” corresponds to Picture B, and “A teacher is explaining something to the students in a classroom” corresponds to Picture C.]4、 Listen to the conversation and choose the correct answer from A, B, orC.A. The girl’s favorite color is red.B. The gi rl’s favorite color is blue.C. The girl’s favorite color is green.[Answer: B][Parsing: The conversation content states, “The girl says, ‘My favorite color is blue.’” Therefore, the correct answer is B.]5、 Listen to the short dialogue and choose the correct answer.A. I like apples.B. I don’t like apples.C. I don’t like bananas.D. They are sweet.Answer: BExplanation: In the dialogue, the speaker says they don’t like apples, so the correct answer is B.6、 Listen to the sentence and choose the correct response.A. Yes, please.B. No, they aren’t.C. Yes, it is.D. No, thanks.Answer: DExplanation: The sentence is likely a polite refusal, such as “Would you like some tea?” The correct response would be “No, thanks,” so the correct answer is D.7、 Here is the listening comprehension section for a sixth-grade upper semester English exam. I’ll create two questions for you as requested, each with its answer and explanation.7、What did the boy say he would do after school if it did not rain?A) Go homeB) Play basketballC) StudyD) Buy some ice creamAnswer: BExplanation: In the listening text, the boy clearly mentions that he will play basketball after school if the weather permits.8、Who asked the geography teacher what the capital of France is?A) EmilyB) BenC) JackD) PeterAnswer: AExplanation: The discussion in the listening text reveals that it was Emily who asked the geography teacher about the capital of France.9、 What does the woman want to buy with the man?A. A coatB. A dressC. A shirtAnswer: BExplanation: In the listening material, the woman says, “I want to buy a dress for the party.” Therefore, the correct answer is B. A dress.10、How much will the man have to pay for the shirt?A.$25B.$20C.$15Answer: AExplanation: In the listening material, the man says, “The shirt is$25.” Therefore, the correct answer is A.$25.11、Listen to the sentence and choose the correct picture.(听句子,选择正确图片。
CHAPTER 12 DISCUSSION QUESTIONS1.There are several reasons for a firm to makeinvestments in assets not directly related to the primary operations of its business (that is, investments in assets other than property, plant, equipment, and inventory). Companies usually make short-term investments be-cause of a temporary surplus of cash. They make long-term investments either because they believe that purchased investments provide a good return on money invested or because they want to gain influ-ence or control over investee companies.2.The risk and return trade-off of investmentsis that investors must usually decide whether they want a potentially higher return with more risk or a lower return with less risk.Most investments fall somewhere along a risk-return continuum. Investments that pro-vide high returns but have low risk are desir-able, but rare.3.The FASB has defined four different classifi-cations for debt and equity securities: trading securities, available-for-sale securities, held-to-maturity securities, and equity method se-curities.4. A security will be classified as trading if theinvestor is making the investment with the intent of selling the security should the need for cash arise, or to realize short-term profits should the price of the security increase.5. A security will be classified as held-to-maturity if the investor intends to hold the security until it matures. This criterion means that only debt securities can be classified as held-to-maturity, as equity securities typically do not mature. If a debt security is classified as held-to-maturity, any premium or discount associated with the security must be amor-tized over the life of the debt security.6.To be classified as an equity method securi-ty, an investor must typically own between20 and 50% of the outstanding commonstock of the investee. Ownership of between20 and 50% generally indicates the ability ofthe investor to significantly influence the operations and decisions of the investee.7.When an investor purchases debt and equitysecurities, two types of returns may be rea-lized. The first type of return is the receipt ofinterest (in the case of debt) or dividends (inthe case of equity). The second type of re-turn is from an increase in the price of thesecurity. To realize this type of return, the in-vestor must sell the security.8.When a security is sold, the seller must haveseveral pieces of information to properly ac-count for the transaction. The seller mustknow the selling price as well as the histori-cal cost of the security. The differencebetween these two amounts results in a rea-lized gain or loss on the sale.9.The difference between a realized gain orloss and an unrealized gain or loss relates tothe account ing concept of arm’s-lengthtransactions. The term ―realized‖ indicatesthat an arm’s-length transaction has takenplace and a security has been sold. A rea-lized gain indicates that the security was soldfor more than its historical cost, while a rea-lized loss means that the security was soldfor less than its original purchase price. Anunrealized gain means that the price of thesecurity being held has increased above itshistorical cost, but the security has not beensold. If the security is still being held and theprice falls below its historical cost, an unrea-lized loss has occurred.10.The account ―Market Adjustment‖ is used tovalue both trading and available-for-sale se-curities at their market value. Trading andavailable-for-sale securities are initiallyrecorded at their historical cost, and as theirvalue changes, the historical cost remainsthe same on the books. To reflect marketvalues on the books, the market adjustmentaccount is used to record both increasesand decreases in value. A separate marketadjustment account is used for both tradingand available-for-sale securities.11.Changes in the value of trading securities,both increases and decreases, are recordedon the books of the investor. Prior to 1994,only declines below historical cost wererecorded on the books. In 1994, however,434Chapter 12the rules were changed to allow companiesto record both increases and decreases invalue. At the end of each accounting period,the market value of the portfolio of tradingsecurities is compared to its historical cost,and the difference is recorded in the marketadjustment account. The offsetting credit (inthe case of increases in value) or debit (inthe case of decreases in value) is recordedin an income statement account as an un-realized gain or loss.12.Accounting for changes in the value ofavailable-for-sale securities is similar to theprocedures applied when accounting fortrading securities with one important differ-ence. Instead of recording any unrealizedincreases or decreases in value on theincome statement, unrealized increasesand decreases in value are recorded in astockholders’ equity account, UnrealizedIncrease/Decrease in Value of Available-for-Sale Securities—Equity. Thus, the journalentry to record unrealized changes in valuealways contains the stockholders’ equity a c-count and the market adjustment—available-for-sale securities account.13.The market adjustment account can befurther adjusted; however, the adjustmentaccount should always report the total netchange in the value of the security. For ex-ample, if a security that cost $200 rose invalue to $300 during the first period and thento $350 during the second period, the mar-ket adjustment account would show a bal-ance of $150 at the end of the second period. 14.Premiums and discounts on available-for-sale securities are not amortized because itis assumed that trading and available-for-sale securities will not be held long enoughto warrant the need to amortize a premiumor discount.15.Changes in the value of held-to-maturity andequity method securities are not accountedfor on the books of the investor. For held-to-maturity securities, the investor intends tohold the debt security until it matures, and asa result, changes in value will not affectthe eventual maturity value of the security.For equity method securities, the investoris holding the security for the purpose ofbeing able to influence the operating deci-sions of the investee on a long-term basis.Thus, temporary changes in value of equitymethod securities are ignored for accountingpurposes.16.The only difference between the accountingfor trading securities and available-for-salesecurities lies in unrealized changes in valueof those securities. For trading securities,the changes in value are recorded on the in-come statement. For available-for-sale se-curities, the unrealized changes in value arerecorded in a stockholders’ equity a ccount. 17.*When buying a held-to-maturity security, aninvestor purchases the right to receive twodifferent types of future cash receipts. First,the investor receives periodic interest pay-ments over the life of the security; second,the investor receives the face amount (prin-cipal) of the security at maturity.18.* A company would usually be willing to paymore than the face amount (a premium) fora held-to-maturity security when the interestrate on the security is higher than the marketrate of interest for similar investments. Thepaying of a higher price reduces the statedrate of interest to a point where it approx-imates the market rate of interest.19.*The amortization of a discount increases theamount earned on a held-to-maturity securitybecause at maturity investors receive theface value, which is higher than the amountoriginally paid. These increased proceedsmust be recognized over the life of the secu-rity through amortization. The amortization ofa discount increases interest from a statedrate to a higher effective rate.20.*An investor purchasing held-to-maturitysecurities (typically bonds) between interestdates must pay for accrued interest becauseat the next interest payment date a fullpe riod’s interest will be received, eventhough the securities have been held for onlya portion of the period. Because the securi-ties are sold in relatively small denomina-tions and are usually owned by numerousindividuals, it is almost impossible for acompany to know who bought how manybonds on which dates. Therefore, with manyheld-to-maturity securities, whoever ownsthe securities on the interest payment datereceives the full period’s i nterest.*Relates to expanded material.Chapter 12 43521.*The effective-interest amortization method istheoretically superior to the straight-lineamortization method because it takes intoconsideration the time value of money. Withthe effective-interest method, the amount ofinterest recognized is the effective interestrate times the amount of money actuallybeing borrowed at any period of time. Thestraight-line method is only an approximationof the true rate of interest.22.*The key criterion for using the equity methodis the ability of the investor to influence theoperations or decisions of the investee.23.*The accounting profession has providedguidelines to determine if the ability tosignificantly influence the operating deci-sions of an investee exists. The primaryguideline is degree of ownership. If the in-vestor owns between 20 and 50% of a cor-poration’s outstanding common stock, it isassumed that the investor is able to signifi-cantly influence the investee. Thus, unlessevidence exists to the contrary, ownership ofbetween 20 and 50% would require the useof the equity method.24.* When an investor purchases a trading secu-rity, revenue is recognized when interest ordividends are received. A gain or loss (un-re alized) is recorded when the security’sprice changes in value. For an investmentaccounted for under the equity method, rev-enue is recognized when the investee re-ports income for the period. This recognitionserves to increase the investment ac-count. The investment account is decreasedwhen dividends are received from the inves-tee. Unlike trading securities, temporarychanges in the value of equity method secur-ities are not recorded on the investor’sbooks.25.* Consolidated financial statements are pre-pared when a corporation owns more than50% of the stock of another company (acontrolling interest).26.* In the consolidated balance sheet, minorityinterest is the amount of equity investmentmade by outside shareholders to consolidat-ed subsidiaries that are not 100% owned bythe parent. In the consolidated incomestatement, minority interest income (shownas a subtraction) reflects the amount ofincome belonging to outside shareholders ofconsolidated subsidiaries that are not 100%owned.*Relates to expanded material.436Chapter 12PRACTICE EXERCISESPE 12–1 (LO1) Why Companies Invest in Other CompaniesThe correct answer is B.a. True. Most cases of companies investing in other companies are to investexcess cash.b. False. Investing in other companies will not necessarily eliminate risk in oth-er investments.c. True. By investing in other companies, the investing company can gain in-fluence over the operations of another company.d. True. When one company owns a significant portion of another company,the owner company can essentially control the operations of the owned company.PE 12–2 (LO2) Classifying a SecurityThe correct answer is C. Held-to-maturity securities are always considered debt securities. Trading and available-for-sale securities can sometimes be consi-dered debt securities. True to their name, equity method securities are always considered equity securities.PE 12–3 (LO2) Equity Method SecuritiesThe correct answer is A. An entity is presumed to have significant influence upon the operations of another company when it owns 20 to 50% of the outstanding voting stock.PE 12–4 (LO2) Disclosure of SecuritiesThe correct answers are A and C. Equity method securities are valued at cost ad-justed for changes in the net assets of the investee. Held-to-maturity securities are valued at amortized cost.PE 12–5 (LO3) Accounting for the Purchase of Trading and Available-for-Sale SecuritiesInvestment in Trading Securities ................................................... 65,400 Investment in Available-for-Sale Securities .................................. 79,600 Cash ............................................................................................ 145,000 Purchased various securities.Chapter 12 437 PE 12–6 (LO3) Accounting for the Return Earned on an InvestmentCash ................................................................................................. 1,359 Interest Revenue (459)Dividend Revenue (900)To record interest and dividends earned on securities.PE 12–7 (LO3) Accounting for the Sale of SecuritiesCash ................................................................................................. 25,200 Realized Loss on Sale of Trading Securities ................................ 2,800 Investment in Trading Securities ............................................. 28,000 To record the sale of Security 1 with original cost of$28,000 for $25,200.PE 12–8 (LO4) Changes in Value of Trading SecuritiesMarket Adjustment—Trading Securities (750)Unrealized Gain on Trading Securities—Income (750)To recognize the increase in value of the trading security($24,250 – $23,500 = $750).PE 12–9 (LO4) Changes in Value of Available-for-Sale SecuritiesUnrealized Increase/Decrease in Value of Available-for-SaleSecurities—Equity (400)Market Adjustment—Available-for-Sale Securities (400)To record net change in value of available-for-sale securities(Security 1 increased in value by $400, and Security 2 de-clined in value by $800).PE 12–10 (LO4) Subsequent Changes in Value of Trading Securities Unrealized Loss on Trading Securities—Income ......................... 1,900 Market Adjustment—Trading Securities .................................. 1,900 To adjust the market adjustment account to requiredending balance.Once this entry is posted, Market Adjustment—Trading Securities will have the required $800 credit balance as follows:438Chapter 12 PE 12–11 (LO5) Computing the Value of Held-to-Maturity Securities*First, we must compute the present value of the bonds as follows:Quarterly interest payment ($30,000 ⨯ 0.08 ⨯ ¼) ............... $ 600Present value of an annuity of 16 payments of $1 at 3%(Table II) ........................................................................... ⨯ 12.5611Present value of interest payments .................................... $ 7,537 Principal (face value) of bonds ........................................... $ 30,000Present value of $1 received 16 periods in the futurediscounted at 3% (Table I) .............................................. ⨯ 0.6232Present value of principal .................................................... 18,696 Total present value of investment ...................................... $26,233The value of the bonds can also be computed using a business calculator as follows:a. CLEAR ALL.b. Set P/YR to 1.1. 30,000 Press FV.2. 600 Press PMT.3. 16 Press N.4. 3 Press I/YR.5. Press PV for the answer of $26,231.67.PE 12–12 (LO5) Accounting for the Initial Purchase of Held-to-MaturitySecurities*The journal entry to record the purchase of this security is as follows:Investment in Held-to-Maturity Securities .......................... 26,233 Cash .............................................................................. 26,233 PE 12–13 (LO5) Straight-Line Amortization of Bond Discounts*The company will record a bond discount amortization of $676.83 ($40,000 –$35,939 = $4,061; $4,061/3 years ⨯ ½ = $676.83) on each date. Every six months, the company will make the following entry:Cash ...................................................................................... 2,000.00Investment in Held-to-Maturity Securities .......................... 676.83 Bond Interest Revenue ................................................ 2,676.83 Received semiannual bond interest and amortizedbond discount.*Relates to expanded material.Chapter 12 439 PE 12–14 (LO5) Straight-Line Amortization of Bond Premiums*The company will record a bond premium amortization of $567.90 ($68,407.39 –$65,000.00 = $3,407.39; $3,407.39/3 years ⨯ ½ = $567.90) on each date. Every six months, the company will make the following entry:Cash ...................................................................................... 3,250.00 Investment in Held-to-Maturity Securities .................. 567.90 Bond Interest Revenue ................................................ 2,682.10 PE 12–15 (LO5) Effective-Interest Amortization of Bond Premiums*The first step is to compute the market rate on bonds of similar risk as follows:a. CLEAR ALL.b. Set P/YR to 1.1. 65,000 Press FV.2. -68,407.39 Press PV.3. 3,250 Press PMT.4. 6 Press N.5. Press I/YR for the answer of 4%.The market interest rate of 4% is the semiannual rate, so the annual rate is 8%. The following amortization table shows the amount of interest earned and the amount of amortization for each period.InterestActually Earned(0.08 ⨯ ½ ⨯Cash Investment Amount of Investment Time Period Received Balance) Amortization Balance Acquisition date $68,407.39 Year 1, first six months $3,250 $2,736.30 $513.70 67,893.69 Year 1, second six months 3,250 2,715.75 534.25 67,359.44 Year 2, first six months 3,250 2,694.38 555.62 66,803.82 Year 2, second six months 3,250 2,672.15 577.85 66,225.97 Year 3, first six months 3,250 2,649.04 600.96 65,625.01 Year 3, second six months 3,250 2,624.99 625.01 65,000.00 Using the above amortization schedule, the journal entry for the first interest payment received is as follows:Cash ...................................................................................... 3,250.00 Investment in Held-to-Maturity Securities .................. 513.70 Bond Interest Revenue ................................................ 2,736.30 *Relates to expanded material.440Chapter 12 PE 12–15* (LO5) (Concluded)Using the above amortization schedule, the journal entry for the second interest payment received is as follows:Cash ...................................................................................... 3,250.00 Investment in Held-to-Maturity Securities .................. 534.25 Bond Interest Revenue ................................................ 2,715.75 PE 12–16 (LO5) Accounting for the Sale of Bond Investments*Cash ...................................................................................... 67,000.00Loss on Sale of Bonds......................................................... 359.44 Investment in Held-to-Maturity Bonds ........................ 67,359.44 Sold held-to-maturity bonds for $67,359.44.The following table shows the book value of the investment at the end of the first year (after the second interest payment) is $67,359.44.InterestActually Earned(0.08 ⨯ ½ ⨯Cash Investment Amount of Investment Time Period Received Balance) Amortization Balance Acquisition date $68,407.39 Year 1, first six months $3,250 $2,736.30 $513.70 67,893.69 Year 1, second six months 3,250 2,715.75 534.25 67,359.44 Year 2, first six months 3,250 2,694.38 555.62 66,803.82 Year 2, second six months 3,250 2,672.15 577.85 66,225.97 Year 3, first six months 3,250 2,649.04 600.96 65,625.01 Year 3, second six months 3,250 2,624.99 625.01 65,000.00 *Relates to expanded material.Chapter 12 441 PE 12–17 (LO6) Accounting for Investments Using the Equity Method* Investment in Hall Company .......................................................... 32,000 Revenue from Investments ....................................................... 32,000 To recognize Manwill’s portion of Hall’s net income ($80,000 ⨯0.40 = $32,000).Cash ................................................................................................. 8,000 Investment in Hall Company ..................................................... 8,000 To recognize Manwill’s portion of Hall’s dividends paid ($20,000⨯ 0.40 = $8,000).No entry is made for market value adjustments under the equity method of ac-counting for investments.PE 12–18 (LO7) Consolidated Financial Statements*Parent Company will report $135 ($150 ⨯ 0.90) as Income from Sub on its own in-come statement. On the consolidated financial statements, all of Sub’s revenue and expenses will be reported. Also reported will be Minority Interest in the amount of $15.*Relates to expanded material.442Chapter 12EXERCISESE 12–19 (LO3, LO4) Investment in Trading Securities—Journal Entries2008July 1 Investment in Trading Securities ................................... 8,300Cash ............................................................................ 8,300 Purchased 350 shares of Bateman Companystock at $22 per share plus $600 commission.Oct. 31 Cash (700)Dividend Revenue (700)Received a $2.00 per share dividend on350 shares of Bateman Company stock.Dec. 31 Unrealized Loss on Trading Securities—Income ......... 1,650Market Adjustment—Trading Securities .................. 1,650 To reduce trading securities to market($8,300 – $6,650).2009Feb. 20 Cash ................................................................................. 4,550Realized Gain on Sale of Trading Securities (400)Investment in Trading Securities ............................. 4,150 Sold 175 shares of Bateman Company stock[(175 shares ⨯ $26 = $4,550); one-half oforiginal cost of $8,300 is $4,150].Oct. 31 Cash (385)Dividend Revenue (385)Received a $2.20 per share dividend on175 shares of Bateman Company stock.Dec. 31 Market Adjustment—Trading Securities ....................... 2,575Unrealized Gain on Trading Securities—Income .... 2,575 To increase trading securities to market givena credit balance in the market adjustment of$1,650. Cost = $8,300 – $4,150 = $4,150;market = $29 ⨯ 175 shares = $5,075.Chapter 12 443 E 12–20 (LO3, LO4) Investment in Trading Securities—Journal EntriesJuly 16 Investment in Trading Securities ................................... 41,880Cash ............................................................................ 41,880 Purchased 4,000 shares of Eli Corporation stock.Sept. 23 Cash ................................................................................. 3,600Dividend Revenue ...................................................... 3,600 Received a cash dividend of $0.90 per share on4,000 shares of Eli Corporation stock.28 Cash ................................................................................. 21,840Investment in Trading Securities ............................. 20,940Realized Gain on Sale of Trading Securities (900)Sold 2,000 shares of Eli Corporation stock at $11per share—paid a commission of $160. [Cash =($11 ⨯ 2,000) – $160; short-term investment =$41,880 ⨯ 1/2; gain = $21,840 – $20,940].Dec. 31 Market Adjustment—Trading Securities ....................... 1,560Unrealized Gain on Trading Securities—Income .... 1,560 To increase value of securities to market [$11.25⨯ 2,000 shares – ($41,880 – $20,940) = $1,560].E 12–21 (LO3, LO4) Investment in Available-for-Sale Securities—JournalEntriesJan. 14 Investment in Available-for-Sale Securities .................. 83,200Cash ............................................................................ 83,200 Purchased 4,000 shares of Pinegar Corporationstock at $20.80 per share.Mar. 31 Cash ................................................................................. 1,000Dividend Revenue ...................................................... 1,000 Received a cash dividend of $0.25 per share on4,000 shares of Pinegar Corporation stock.Aug. 28 Cash ................................................................................. 36,160Investment in Available-for-Sale Securities ............ 33,280Realized Gain on Sale of Available-for-SaleSecurities ................................................................. 2,880Sold 1,600 shares of Pinegar Corporation stock at$22.60 per share [gain = 1,600 shares ⨯ ($22.60 –$20.80) = $2,880].444Chapter 12 E 12–21 (LO3, LO4) (Concluded)Dec. 31 Market Adjustment—Available-for-Sale Securities ...... 7,680Unrealized Increase/Decrease in Value ofAvailable-for-Sale Securities—Equity ................... 7,680To increase value of securities to marketvalue using market adjustment account[2,400 shares ⨯ ($24.00 – $20.80) = $7,680].E 12–22 (LO3, LO4) Investment in Securities2007Jan. 17 Investment in Available-for-Sale Securities .................. 89,500Cash ............................................................................ 89,500 Purchased 2,750 shares of Horner Companystock for $89,500.May 10 Cash ................................................................................. 3,575Dividend Revenue ...................................................... 3,575 Received a cash dividend of $1.30 per share on2,750 shares of Horner Company stock.Dec. 31 Unrealized Increase/Decrease in Value of Available-for-Sale Securities—Equity ......................................... 7,000Market Adjustment—Available-for-Sale Securities .7,000 To decrease value of securities to market valueusing market adjustment account (2,750 shares⨯ $30.00 = $82,500; $89,500 – $82,500 = $7,000).2008May 22 Investment in Available-for-Sale Securities .................. 30,000Cash ............................................................................ 30,000 Purchased an additional 750 shares of HornerCompany stock for $40 per share.July 18 Cash ................................................................................. 3,150Dividend Revenue ...................................................... 3,150 Received a cash dividend of $0.90 per share on3,500 shares of Horner Company stock.Chapter 12 445 E 12–22 (LO3, LO4) (Concluded)Dec. 31 Market Adjustment—Available-for-Sale Securities ...... 34,500Unrealized Increase/Decrease in Value ofAvailable-for-Sale Securities—Equity ................... 34,500To adjust portfolio of available-for-sale securitiesto market given a credit balance in the marketadjustment account from the prior period of$7,000. Market = $147,000 (3,500 shares ⨯ $42);Historical cost = $119,500 ($89,500 + $30,000);$147,000 – $119,500 = $27,500 + $7,000 = $34,500.2009June 7 Cash ................................................................................. 3,500Dividend Revenue ...................................................... 3,500 Received a cash dividend of $1.00 per share on3,500 shares of Horner Company stock.Oct. 5 Cash ................................................................................. 94,500 Realized Loss on Sale of Available-for-Sale Securities 25,000Investment in Available-for-Sale Securities ............ 119,500 To record sale of all Horner Company stock for$27 per share. Loss on sale = [$119,500 – ($27 ⨯3,500 shares)].Dec. 31 Unrealized Increase/Decrease in Value ofAvailable-for-Sale Securities—Equity ......................... 27,500Market Adjustment—Available-for-Sale Securities .27,500 Eliminate market adjustment account as allavailable-for-sale securities have been sold.Balance prior to adjustment is $27,500 ($34,500debit – $7,000 credit).E 12–23 (LO4) Investment in Equity Securities1. Market ValueSecurity Cost (December 31, 2009)A $250,000 $130,000B 160,000 169,000C 315,000 350,000Total $725,000 $649,000An unrealized loss of $76,000 ($725,000 –$649,000) would be recognized, reducing net income to $554,000 ($630,000 – $76,000).。
浙江省名校新高考研究联盟(Z20联盟)2020届第二次联考英语试卷考生须知:1.本试卷分第I卷(选择题)和第II卷(非选择题)。
满分为150分,考试时间为120分钟。
2.请用黑色签字笔将学校、班级、姓名、考号分别填写在答题卷和机读卡的相应位置上。
第I卷(选择题部分)第一部分:听力(共两节,20小题,每小题1.5分,满分30分)做题时先将答案标在试卷上。
录音内容结束后,你将有两分钟的时间将试卷上的答案转涂到答题纸上。
第一节:听下面5段对话,每段对话后有一个小题,从题中所给的A、B、C三个选项中选出最佳选项,并标在试卷的相应位置。
听完每段对话后,你都有10秒钟的时间来回答有关小题和阅读下一小题。
每段对话仅读一遍。
1. What's the man going to do first?A. Wash his hands.B. Do some typing.C. Move the sofa.2. What color does the man like best?A. Light green.B. Dark blue.C. Brown.3. How much does one ticket cost?A. $20.B. $40.C. $80.4. What is the conversation about?A. A robbery.B. A video phone.C. A phone problem.5. How does the man find his living place?A. Too crowded.B. Quite noisy.C. All right.第二节:听下面5段对话或独白。
每段对话或独白后有2至4个小题,从题中所给的A、B、C三个选项中选出最佳选项,并标在试卷的相应位置。
听每段对话或独白前,你将有5秒钟的时间阅读各个小题;听完后,各小题将给出5秒钟的作答时间。
每段对话或独白读两遍。
小学上册英语第三单元真题英语试题一、综合题(本题有100小题,每小题1分,共100分.每小题不选、错误,均不给分)1.I want to fly a _____ (kite/plane).2.What is the name of the currency used in the United Kingdom?A. EuroB. DollarC. PoundD. YenC3.What do we call a young female elephant?A. CalfB. FoalC. PupD. KidA4.The __________ is the imaginary line that circles the Earth halfway between the poles.5.Some _______ are edible and used in cooking.6.I want to learn how to build my own ____. (玩具名称)7.The __________ is the area around the North Pole. (北极圈)8.The ________ was a famous battle during World War I.9.I see a _____ in the sky. (cloud)10.What do you call a person who writes plays?A. AuthorB. PlaywrightC. DirectorD. Producer11.The rabbit is ___ (fast/slow).12.What is the primary color that results from mixing yellow and blue?A. GreenB. OrangeC. PurpleD. BrownA13.What is the opposite of "happy"?A. JoyfulB. SadC. ExcitedD. AngryB Sad14.The _____ (ocean/lake) is calm.15.Asteroids are mostly found in the ______ Belt.16.We are having ______ for dinner tonight. (pizza)17.What do we call a person who studies animals in their natural habitat?A. EcologistB. ZoologistC. BiologistD. Conservationist18. A vacuum has no ______.19.They are _____ (jumping) on the trampoline.20.In PE class, we play many sports like ________ (篮球) and ________ (排球). It helps us stay ________ (健康).21.The _____ is made up of stars, planets, and galaxies.22.What is the currency of Japan?A. YuanB. DollarC. YenD. WonC23.What do we call a place where you can see stars?A. ObservatoryB. MuseumC. AquariumD. Zoo24.What is the capital of Japan?A. BeijingB. SeoulC. TokyoD. Bangkok25.The three states of matter are solid, liquid, and ______.26.The __________ (历史的贡献) is acknowledged by society.27.________ (花匠) take pride in their work.28.What do we call a young guinea pig?A. PupB. KitC. CalfD. BabyD Baby29.We will go ______ for a hike this weekend. (out)30.They are ______ a game of chess. (playing)31.The first person to discover America was _______ Columbus.32. A reaction that absorbs energy requires a ______ input.33.The ______ is known for its speed.34.I enjoy taking my toy ________ (玩具名称) on adventures.35. A ferret is very ______ (活泼) and curious.36.How many stripes are on the American flag?A. 10B. 12C. 13D. 15答案:C37.I have a collection of ______ (邮票) from different countries. They are very ______ (特别的).38.n Massacre was a turning point in American _____ history. The Bost39.The owl is ______ (夜间活动的) and hunts at night.40.The teacher is ______ the lesson on math. (explaining)41.What do we call the area of the body that includes the head, neck, and torso?A. AppendagesB. CoreC. LimbsD. AxialD42.My _____ (花坛) is full of blooming flowers.43.The ______ has a strong family bond.44. A dolphin's social behavior includes playing with ______ (同伴).45.What is the name of the famous statue in New York Harbor?A. Statue of LibertyB. DavidC. Christ the RedeemerD. Venus de MiloA46.She has a _____ (funny) face.47.The flowers are ___. (growing)48.She is _______ (playing) the flute.49.What do we call the process of water turning into vapor?A. EvaporationB. CondensationC. PrecipitationD. FiltrationA50.In a battery, chemical energy changes to ________ energy.51.How many bones are there in the human body?A. 206B. 215C. 195D. 25052.My favorite type of ________ (食物) is sushi.53.Which fruit is known as the "king of fruits"?A. MangoB. DurianC. PineappleD. BananaB54.The _____ (弹球) is very colorful.55.What is the capital of Turkmenistan?A. AshgabatB. TürkmenabatC. MaryD. DaşoguzA56. A _____ is an area of land that is inhabited by a specific group.57.The kestrel is a small ______ (猛禽).58.The rainbow is _____ in the sky. (bright)59.There are _____ (五) birds in the tree.60.My uncle is a _____ (工匠) who makes furniture.61.I enjoy watching _____ flutter in the air.62.How many pairs of chromosomes do humans have?A. 23B. 46C. 22D. 4463.We should _______ (互相尊重).64.What do you call the person who leads a team in sports?A. CoachB. PlayerC. RefereeD. ManagerA65.The clock is ________ on the wall.66.The horse gallops across the _________. (田野)67.I enjoy ___ (reading) before bed.68. A _____ is a small stream.69.What do you call the main meal of the day?A. BreakfastB. LunchC. DinnerD. Snack70. A parakeet loves to sing and ______ (说话).71.I find ________ (阅读) to be very relaxing.72.The ancient Egyptians worshiped _______. (太阳神)73.The ______ is a powerful animal in the jungle.74.What do we call the part of the plant that provides support?A. RootB. StemC. LeafD. FlowerB75.I saw a _______ (小海鸥) flying near the beach.76.I want to be a _____ when I grow up. (doctor)77.My favorite TV show is ______.78.The Earth’s shape is not a perfect sphere; it is an ______.79.My brother is a _____ (学生) who enjoys reading history.80.What do you call an animal that only eats plants?A. CarnivoreB. OmnivoreC. HerbivoreD. Insectivore81. A chemical reaction that releases gas is called _____.82.The __________ was bright and made me smile. (阳光)83. A _______ is a plant that grows in the shade.84.What do you call the place where you go to see movies?A. LibraryB. CinemaC. ParkD. SchoolB85.She likes wearing ________ (dresses) to parties.86.My favorite game involves my toy ____. (玩具名称)87. A reaction that occurs between an acid and a base produces ______.88.Which insect is known for making a web?A. AntB. SpiderC. BeetleD. FlyB89.The _______ helps keep the air clean.90.The energy required to break bonds is known as ______ energy.91.I saw a _____ (鹿) in the forest during my hike.92. A __________ is a geological feature formed by the action of water on rock surfaces.93.The discovery of ________ has had wide-ranging impacts on industry.94.The antelope is quick on its feet in the ____.95.The __________ is a major city located along the coast. (旧金山)96. A _______ (小马) trots along the path.97.What do you call a collection of stars?A. GalaxyB. UniverseC. PlanetD. Solar System98.I think that kindness can make the world a better __________.99.The pufferfish can inflate to avoid ______ (捕食者).100.The chemical formula for table salt is _______. (NaCl)。
小学上册英语第6单元真题(含答案)英语试题一、综合题(本题有100小题,每小题1分,共100分.每小题不选、错误,均不给分)1.We are going ________ a trip.2.Atoms consist of protons, neutrons, and ________.3.The chemical symbol for manganese is _______.4.The cake is _______ (在冰箱里).5.My favorite color is ______ (red).6.The _____ (fireplace) is warm.7.How many legs does an octopus have?A. 6B. 8C. 10D. 12答案:b8.My friend is a great __________ (社交者).9.What is the largest land animal?A. HorseB. RhinoC. ElephantD. Giraffe答案: C10.We have a ______ (学校) trip next week.11.The _______ (鸟) sings sweetly in the morning.12.I want to _______ a big cake for my birthday.13.We can _____ (identify) different plants by their leaves.14.The freezing point of water is _______ degrees Celsius.15.War divided Europe into Eastern and Western ________ (阵营). The Cold16.My brother is a ______. He enjoys playing the guitar.17. A _______ is a type of flower that comes in many colors.18.An island is a piece of land surrounded by ______.19.What do you call a person who helps sick people?A. TeacherB. EngineerC. DoctorD. Chef答案: C20.The octopus has _________ arms. (八个)21.She is reading a story to ___. (her brother)22.What is the opposite of "hot"?A. ColdB. WarmC. HighD. Tall答案:A Cold23. A solution is clear and does not scatter _____.24.We have a ______ (大) family reunion every year.25.看一看,选一选。
2020年7月英语六级真题及参考答案【完整版】四六级试卷采用多题多卷形式,大家核对答案时,找具体选项内容,忽略套数。
无忧考网搜集整理了各个版本,仅供大家参考。
【有道考神版】【星火英语版】The best preparation for tomorrow is doing your best today对明天做好的准备就是今天做到最好范文:There is a famous saying that the best preparation for tomorrow is to do good work today. Simple as the saying is, it informs us that one doesn’t need to worry about the future if he can seize the moment.It is generally believed that taking immediate action is of great importance. Doing good work today enables people to achieve their great goals step by step. Assume a college student who is indulged in his wishful thinking of passing the CET-6 exam with a high score without any efforts and hardwork,and he will be devastated to accept the reality when he fails. The same thing may be said of some grown-ups who aspire to gain fame and fortune but never bother to put their splendid plans into practice immediately.Therefore, by some means or other we must take action to pursue our goals. It is necessary for us to aim high but our behaviors should also deserve our dreams. We are supposed to put our efforts into every single day and never look down upon those little tasks. Only in this way can we fulfill our dreams.Section AConversation OneQuestions 1 to 4 are based on the conversation you have just heard.1. What do we learn about Anna Sanchez?定位句:(1) Mrs. Anna Sanchez is a three-time Olympic champion and author of the new book To the Edge Mrs. Sanchez,2. What is the woman’s book mainly abou t?定位句:(2) The book is about how science and technology has helped to push humans to the edge of their physical abilities.3. What has changed in the past thousands of years?定位句:(3) I believe that while our bodies have not changed in thousands of years, what has changed is the scientific knowledge.4. What is the man’s concern about the use of technology in sports competitions?定位句:(4) Is there any concern that technology is giving some athletes an unfair advantage over others.Conversation TwoQuestions 5 to 8 are based on the conversation you have just heard.5. What does the woman think is required to be successful in international trade?定位句:(5) Trends and demand come and go. So one needs to be very flexible to succeed in this industry.6. What does the woman say is special about her way of doing trade?定位句:(6) I even use the same container. It's a very efficient way of conducting trade.7. What does the woman have in both Italy and China?定位句:(7) I have a warehouse in Genova Italy and another in Shanghai.8. What does the woman say makes furniture marginally more profitable?定位句:(8) Furniture is marginally more profitable, mostly because it enjoys lower customs duties.Section BPassage OneQuestions 9 to 11 are based on the passage you have just heard.8. What does the passage say about humor in the work place?定位句:(9)Humor unlocks the office prison because it lets adults bring some of their child-like spirit to the job.9. What does the study by Howard Poleo show?定位句:(10)Poleo conducted the study that proved humor can help workers excel at routine production tasks.11. What can ask employees do in the humor room?定位句:(11)Employees can take the doll apart, as long as they put arms and legs back in place.Passage two.Questions 12 to 15 are based on the passage you have just heard.12. What does the speaker say has aroused public interest?定位句:(12)Public interest was aroused by the latest discovery of a changed gene in an obese mice.13. What do we learn about the changed gene?定位句:(13)Those with the changed gene may not sense when they have eaten enough or if they have sufficient fatty tissue. And thus can't tell when to stop eating.14. What does university of Vermont psychologist Esther off burn say?定位句:(14) This research indicates that people really are born with a tendency to have a certain weight, just as they are to have a particular skin color or height.15. What accounts for Americans obesity according to a survey by the center fordisease control?定位句:(15)Such rapid change underlines the role of environmental factors, like the abundance of rich foods in Americans overeating.Section CRecording OneQuestions 16 to18 are based on the recording you have just heard.16. What quality do men value most concerning friendship according to a questionnaire response?定位句: (16) Asked to consider the ingredients of close friendship, women rated these qualities above all others, men assigned a lower priority to them in favor of similarity and interests (selected by 77% of men),17. What do women refer to when speaking of close friendships?定位句:(17) It is evident by their selections that when women speak of close friendships, they're referring to emotional factors,18. What may threaten a friendship for both men and women?定位句:(18) As for the hazards of friendship, more than a few relationships have been shattered because of cutthroat competition and feelings of betrayal. This applies to both men and women, but unequally.Recording TwoQuestions 19 to 21 are based on the recording you have just heard.19. Where can many of the best dinosaur specimens be found in North America?定位句:(19)Many of the best specimens may be seen today at museums of natural history in the larger cities of the United States and Canada.20. What occurs to many people when they see the massive bones in the pit wall?定位句: (20)Many people get the idea from the massive bones in the pit wall that some disaster such as a volcanic explosion or a sudden flood killed a whole herd of dinosaurs in this area.21. What does the speaker suggest about the large number of dinosaur bones found in the pit?定位句: (21)The pit area is the large dinosaur graveyard, not a place where they died. Most of the remains probably floated down on eastward flowing river until they were left on a shallow sandbar.Recording ThreeQuestions 22 to 25 are based on recording you have just heard.21. What have young Americans been accused of?定位句(22)Young people in this country have been accused of not caring for their parents the way they would have in the old country.22. What does the speakers say about old people in the United States?定位句:(23)old people have been influenced by an American ideal of independence and autonomy. So we live alone, perhaps on the verge of starvation in time without friends. But we are independent.23. What is astonishing to the young mothers interviewed by the speaker?定位句:(24)They were astonished to hear that in most of the world, throughout most of its history, families have been three or four generation families living under the same roof.25. What does the speakers say older people try their best to do?定位句:(25)So in the end, older people have to devote all their energies to not being a burden.阅读26.grabbed27.disaster28.stake29.overwhwlming30.eroding31.deteriorating32.stagnation33.determined34.urgent35.capacity36.Cpiaget Believed that small children 37. JThe author and his colleagues38.BIn the latter half of the last century 39.AResearch conducted by Jane.40.KOur improved understanding of babies.41. EIt has been found in recent research 42.MScientists are still debating.43.Hthe newer research methods focus on 44.DWith the progress in psychology45.LEven though marked advances have been made.46.B.They hold a different view on stress from the popular one.47.DThey apply extreme tactics.48.AThey help him combat stress from work.49.CIt is something everybody has to live with.50.CIts effect varies considerably from person to person.51.BHunting may also be asolution.52.AIt keeps him pollution under control.53.AOver pollution is not an issue.54.CMany birds and small animals are being.55.CCoordinated efforts of hunter.翻译《三国演义》写于14世纪,是中国著名的历史小说。
奥巴马卸任告别演讲完整原文中英对照(2)恐怖袭击过去八年中,没有任何一个境外恐怖主义组织成功地在美国本土上计划并执行一次恐怖袭击。
尽管美国发生了本土滋生的恐怖主义袭击事件,包括波士顿马拉松炸弹袭击以及圣博娜迪诺袭击事件。
对于那些一直坚守在工作岗位上的反恐工作人员,担任你们的指挥官是我一辈子的荣耀。
我反对任何歧视美国穆斯林群体的行为。
我们需要更加警惕,但是不需要害怕ISIL组织(伊拉克和黎凡特伊斯兰国)杀害更多无辜的人民。
如果我们在斗争中坚守美国宪法和核心精神,他们就无法战胜美国。
俄罗斯或者中国等其他国家无法匹敌美国在全球范围内的影响,除非我们自己放弃这种影响力,变成一个只会欺负周边小国的大国。
不论我们属于哪一个党派,我们所有人都应当致力于重建美国的民主政治制度。
我们的民主宪法是一项杰出的成就,也是上天赐予的礼物,但是这仅仅是一张纸,宪法本身不具备任何力量。
宪法的力量是我们美国人民通过参与选举、做出决议赋予的。
......奥巴马告别演讲英文原文It’s good to be home. My fellow Americans, Michelle and I have been so touched by all the well-wishes we’ve received over the past few weeks. But tonight it’s my turn to say thanks. Whether we’ve seen eye-to-eye or rarely agreed at all, my conversations with you, the American people – in living rooms and schools; at farms and on factory floors; at diners and on distant outposts –are what have kept me honest, kept me inspired, and kept me going. Every day, I learned from you. You made me a better President, and you made me a better man.I first came to Chicago when I was in my early twenties, still trying to figure out who I was; still searching for a purpose to mylife. It was in neighborhoods not far from here where I began working with church groups in the shadows of closed steel mills. It was on these streets where I witnessed the power of faith, and the quiet dignity of working people in the face of struggle and loss. This is where I learned that change only happens when ordinary people get involved, get engaged, and come together to demand it.After eight years as your President, I still believe that. And it’s not just my belief. It’s the beating heart of our American idea – our bold experiment in self-government.It’s the convi ction that we are all created equal, endowed by our Creator with certain unalienable rights, among them life, liberty, and the pursuit of happiness.It’s the insistence that these rights, while self-evident, have never been self-executing; that We, the People, through the instrument of our democracy, can form a more perfect union.This is the great gift our Founders gave us. The freedom to chase our individual dreams through our sweat, toil, and imagination – and the imperative to strive together as well, to achieve a greater good.For 240 years, our nation’s call to citizenship has given work and purpose to each new generation. It’s what led patriots to choose republic over tyranny, pioneers to trek west, slaves to brave that makeshift railroad to freedom. It’s what pulled immigrants and refugees across oceans and the Rio Grande, pushed women to reach for the ballot, powered workers to organize. It’s why GIs gave their lives at Omaha Beach and Iwo Jima; Iraq and Afghanistan –and why men and women from Selma to Stonewall were prepared to give theirs as well.So that’s what we mean when we say America is exceptional.Not that our nation has been flawless from the start, but that we have shown the capacity to change, and make life better for those who follow.Yes, our progress has been uneven. The work of democracy has always been hard, contentious and sometimes bloody. For every two steps forward, it often feels we take one step back. But the long sweep of America has been defined by forward motion, a constant widening of our founding creed to embrace all, and not just some.If I had told you eight years ago that America would reverse a great recession, reboot our auto industry, and unleash the longest stretch of job creation in our history…if I had told you that we would open up a new chapter with the Cuban people, shut down Iran’s nuclear weapons program without firing a shot, and take out the mastermind of 9/11…if I had told you that we would win marriage equality, and secure the right to health insurance for another 20 million of our fellow citizens – you might have said our sights were set a little too high.But that’s what we did. That’s what you did. You were the change. You answered people’s hopes, and because of you, by almost every measure, America is a better, stronger place than it was when we started.In ten days, the world will witness a hallmark of our democracy: the peaceful transfer of power from one freely-elected president to the next. I committed to President-Elect Trump that my administration would ensure the smoothest possible transition, just as President Bush did for me. Because it’s up to all of us to make sure our government can help us meet the many challenges we still face.We have what we need to do so. After all, we remain thewealthiest, most powerful, and most respected nation on Earth. Our youth and drive, our diversity and openness, our boundless capacity for risk and reinvention mean that the future should be ours.But that potential will be realized only if our democracy works. Only if our politics reflects the decency of the our people. Only if all of us, regardless of our party affiliation or particular interest, help restore the sense of common purpose that we so badly need right now.That’s what I want to focus on tonight – the state of our democracy.Understand, democracy does not require uniformity. Our founders quarreled and compromised, and expected us to do the same. But they knew that democracy does require a basic sense of solidarity – the idea that for all our outward differences, we are all in this together; that we rise or fall as one.There have been moments throughout our history that threatened to rupture that solidarity. The beginning of this century has been one of those times. A shrinking world, growing inequality; demographic change and the specter of terrorism –these forces haven’t just tested our security and prosperity, but our democracy as well. And how we meet these challenges to our democracy will determine our ability to educate our kids, and create good jobs, and protect our homeland.In other words, it will determine our future.Our democracy won’t work without a sense that everyone has economic opportunity. Today, the economy is growing again; wages, incomes, home values, and retirement accounts are rising again; poverty is falling again. The wealthy are paying a fairer share of taxes even as the stock market shatters records. Theunemployment rate is near a ten-year low. The uninsured rate has never, ever been lower. Health care costs are rising at the slowest rate in fifty years. And if anyone can put together a plan that is demonstrably better than the improvements we’ve made to our health care system – that covers as many people at less cost – I will publicly support it.That, after all, is why we serve –to make people’s lives better, not worse.But for all the real progress we’ve made, we know it’s not enough. Our economy doesn’t work as well or grow as fast when a few prosper at the expense of a growing middle class. But stark inequality is also corrosive to our democratic principles. While the top one percent has amassed a bigger share of wealth and income, too many families, in inner cities and rural counties, have been left behind – the laid-off factory worker; the waitress and health care worker who struggle to pay the bills – convinced that the game is fixed against them, that their government only serves the interests of the powerful – a recipe for more cynicism and polarization in our politics.There are no quick fixes to this long-term trend. I agree that our trade should be fair and not just free. But the next wave of economic dislocation won’t come from overseas. It will come from the relentless pace of automation that makes many good, middle-class jobs obsolete.And so we must forge a new social compact – to guarantee all our kids the education they need; to give workers the power to unionize for better wages; to update the social safety net to reflect the way we live now and make more reforms to the tax code so corporations and individuals who reap the most from the new economy don’t avoid their obligations to the countrythat’s made their success possible. We can argue about how to best achieve these goals. But we can’t be complacent about the goals themselves. For if we don’t create opport unity for all people, the disaffection and division that has stalled our progress will only sharpen in years to come.There’s a second threat to our democracy – one as old as our nation itself. After my election, there was talk of a post-racial America. Such a vision, however well-intended, was never realistic. For race remains a potent and often divisive force in our society. I’ve lived long enough to know that race relations are better than they were ten, or twenty, or thirty years ago – you can see it not just in statistics, but in the attitudes of young Americans across the political spectrum.But we’re not where we need to be. All of us have more work to do. After all, if every economic issue is framed as a struggle between a hardworking white middle class and undeserving minorities, then workers of all shades will be left fighting for scraps while the wealthy withdraw further into their private enclaves. If we decline to invest in the children of immigrants, just because they don’t look like us, we dimi nish the prospects of our own children – because those brown kids will represent a larger share of America’s workforce. And our economy doesn’t have to be a zero-sum game. Last year, incomes rose for all races, all age groups, for men and for women.Going forward, we must uphold laws against discrimination –in hiring, in housing, in education and the criminal justice system. That’s what our Constitution and highest ideals require. But laws alone won’t be enough. Hearts must change. If our democracy is to work in this increasingly diverse nation, each one of us must try to heed the advice of one of the great charactersin American fiction, Atticus Finch, who said “You never really understand a person until you consider things from his point of view…until you climb into his skin and walk around in it.”For blacks and other minorities, it means tying our own struggles for justice to the challenges that a lot of people in this country face –the refugee, the immigrant, the rural poor, the transgender American, and also the middle-aged white man who from the outside may seem like he’s got all the advantages, but who’s seen his world upended by economic, cultural, and technological change.For white Americans, it means acknowledging that the effects of slavery and Jim Crow didn’t suddenly vanish in the ‘60s; that when minority groups voice discontent, they’re not just engaging in reverse racism or practicing political correctness; that when they wage peaceful protest, they’re not demanding special treatment, but the equal treatment our Founders promised.。
Fundamentals of Corporate Finance, 12e (Ross)Chapter 12 Some Lessons from Capital Market History1) Stacy purchased a stock last year and sold it today for $4 a share more than her purchase price. She received a total of $1.15 per share in dividends. Which one of the following statements is correct in relation to this investment?A) The dividend yield is expressed as a percentage of the par value.B) The capital gain would have been less had Stacy not received the dividends.C) The total dollar return per share is $2.85.D) The capital gains yield is positive.E) The dividend yield is greater than the capital gains yield.2) Which one of the following correctly describes the dividend yield?A) Next year's annual dividend divided by today's stock priceB) This year's annual dividend divided by today's stock priceC) This year's annual dividend divided by next year's expected stock priceD) Next year's annual dividend divided by this year's annual dividendE) The increase in next year's dividend over this year's dividend divided by this year's dividend3) Bayside Marina just announced it is decreasing its annual dividend from $1.48 per share to $1.45 per share effective immediately. If the dividend yield remains at its pre-announcement level, then you know the stock price:A) was unaffected by the announcement.B) increased proportionately with the dividend decrease.C) decreased proportionately with the dividend decrease.D) decreased by $.03 per share.E) increased by $.03 per share.4) Which one of the following statements related to capital gains is correct?A) The capital gains yield includes only realized capital gains.B) An increase in an unrealized capital gain will increase the capital gains yield.C) The capital gains yield must be either positive or zero.D) The capital gains yield is expressed as a percentage of a security's total return.E) The capital gains yield represents the total return earned by an investor.5) Which of the following yields on a stock can be negative?A) Dividend yieldB) Capital gains yieldC) Capital gains yield and total returnD) Dividend yield, capital gains yield, and total returnE) Dividend yield and total return6) Small-company stocks, as the term is used in the textbook, are best defined as the:A) 500 newest corporations in the U.S.B) companies whose stock trades OTC.C) smallest 20 percent of the companies listed on the NYSE.D) smallest 25 percent of the companies listed on NASDAQ.E) companies whose stock is listed on NASDAQ.7) The historical record for the period 1926–2016 supports which one of the following statements?A) When large-company stocks have a negative return, they will have a negative return for at least two consecutive years.B) The return on U.S. Treasury bills exceeds the inflation rate by at least .5 percent each year.C) There was only one year during the period when double-digit inflation occurred.D) Small-company stocks have lost as much as 50 percent and gained as much as 100 percent in a single year.E) The inflation rate was positive each year throughout the period.8) Which one of the following time periods is associated with low rates of inflation?A) 1941–1942B) 1973–1974C) 2014–2015D) 1979–1980E) 1946–19479) For the period 1926–2016, U.S. Treasury bills always:A) provided an annual rate of return that exceeded the annual inflation rate.B) had an annual rate of return in excess of 1.2 percent.C) provided a positive annual rate of return.D) earned a higher annual rate of return than long-term government bonds.E) had a greater variation in returns year-over-year than did long-term government bonds.10) Which one of the following statements is a correct reflection of the U.S. financial markets for the period 1926–2016?A) U.S. Treasury bill returns never exceeded a return of 9 percent in any one year.B) U.S. Treasury bills had an annual return in excess of 10 percent in three or more years.C) Inflation equaled or exceeded the return on U.S. Treasury bills every year during the period.D) Long-term government bonds outperformed U.S. Treasury bills every year during the period.E) National deflation occurred in at least one year during every decade during the period.11) For the period 2009–2016, U.S. Treasury bills had an annual rate of return that was:A) between .5 and 1 percent.B) between 1 and 2 percent.C) negative in at least one year.D) negative for two or more years.E) between 0 and .25 percent.12) Which one of the following categories of securities had the highest average annual return for the period 1926–2016?A) U.S. Treasury billsB) Large-company stocksC) Small-company stocksD) Long-term corporate bondsE) Long-term government bonds13) Which one of the following categories of securities had the lowest average risk premium for the period 1926–2016?A) Long-term government bondsB) Small-company stocksC) Large-company stocksD) Long-term corporate bondsE) U.S. Treasury bills14) The rate of return on which type of security is normally used as the risk-free rate of return?A) Long-term Treasury bondsB) Long-term corporate bondsC) Treasury billsD) Intermediate-term Treasury bondsE) Intermediate-term corporate bonds15) For the period 1926–2016, the average risk premium on large-company stocks was about:A) 12.7 percent.B) 10.4 percent.C) 8.6 percent.D) 6.9 percent.E) 7.3 percent.16) Assume that last year T-bills returned 2.8 percent while your investment in large-company stocks earned an average of 7.6 percent. Which one of the following terms refers to the difference between these two rates of return?A) Risk premiumB) Geometric average returnC) Arithmetic average returnD) Standard deviationE) Variance17) Which one of the following statements correctly applies to the period 1926–2016?A) Large-company stocks earned a higher average risk premium than did small-company stocks.B) The average inflation rate exceeded the average return on U.S. Treasury bills.C) Large-company stocks had an average annual return of 14.7 percent.D) Inflation averaged 2.6 percent for the period.E) Long-term corporate bonds outperformed long-term government bonds.18) The excess return is computed as the:A) return on a security minus the inflation rate.B) return on a risky security minus the risk-free rate.C) risk premium on a risky security minus the risk-free rate.D) risk-free rate plus the inflation rate.E) risk-free rate minus the inflation rate.19) Which one of the following earned the highest risk premium over the period 1926–2016?A) Long-term corporate bondsB) U.S. Treasury billsC) Small-company stocksD) Large-company stocksE) Long-term government bonds20) What was the average rate of inflation over the period of 1926–2016?A) Less than 2.0 percentB) Between 2.0 and 2.4 percentC) Between 2.4 and 2.8 percentD) Between 2.8 and 3.2 percentE) Greater than 3.2 percent21) Assume you invest in a portfolio of long-term corporate bonds. Based on the period 1926–2016, what average annual rate of return should you expect to earn?A) Less than 5 percentB) Between 5 and 6 percentC) Between 6 and 7 percentD) Between 7 and 8 percentE) More than 8 percent22) The average annual return on small-company stocks was about ________ percent greater than the average annual return on large-company stocks over the period 1926–2016.A) 3B) 5C) 7D) 9E) 1123) Based on the period 1926-2016, the actual real return on large-company stocks has been around:A) 9 percent.B) 10 percent.C) 6 percent.D) 7 percent.E) 8 percent.24) To convince investors to accept greater volatility, you must:A) decrease the risk premium.B) increase the risk premium.C) decrease the real return.D) decrease the risk-free rate.E) increase the risk-free rate.25) Which one of the following best defines the variance of an investment's annual returns over a number of years?A) The average squared difference between the arithmetic and the geometric average annual returnsB) The squared summation of the differences between the actual returns and the average geometric returnC) The average difference between the annual returns and the average return for the periodD) The difference between the arithmetic average and the geometric average return for the periodE) The average squared difference between the actual returns and the arithmetic average return26) Which one of the following categories of securities had the most volatile annual returns over the period 1926–2016?A) Long-term corporate bondsB) Large-company stocksC) Intermediate-term government bondsD) U.S. Treasury billsE) Small-company stocks27) If the variability of the returns on large-company stocks were to decrease over the long-term, you would expect which one of the following as related to large-company stocks to occur as a result?A) Increase in the risk premiumB) Increase in the average long-term rate of returnC) Decrease in the 68 percent probability range of returnsD) Increase in the standard deviationE) Increase in the geometric average rate of return28) Which one of the following statements is correct based on the historical record for the period 1926–2016?A) The standard deviation of returns for small-company stocks was double that of large-company stocks.B) U.S. Treasury bills had a zero standard deviation of returns because they are considered to be risk-free.C) Long-term government bonds had a lower return but a higher standard deviation on average than did long-term corporate bonds.D) Inflation was less volatile than the returns on U.S. Treasury bills.E) Long-term government bonds were less volatile than intermediate-term government bonds.29) What is the probability that small-company stocks will produce an annual return that is more than one standard deviation below the average?A) 1.0 percentB) 2.5 percentC) 5.0 percentD) 16 percentE) 32 percent30) Which one of the following is a correct ranking of securities based on the volatility of their annual returns over the period of 1926–2016? Rank from highest to lowest.A) Large-company stocks, U.S. Treasury bills, long-term government bondsB) Small-company stocks, long-term corporate bonds, large-company stocksC) Long-term government bonds, long-term corporate bonds, intermediate-term government bondsD) Large-company stocks, small-company stocks, long-term government bondsE) Intermediate-term government bonds, long-term corporate bonds, U.S. Treasury bills31) Which one of the following had the least volatile annual returns over the period of 1926–2016?A) Large-company stocksB) InflationC) Long-term corporate bondsD) U.S. Treasury billsE) Intermediate-term government bonds32) Which one of the following statements is correct based on the period 1926–2016?A) Long-term government bonds had more volatile annual returns than did the long-term corporate bonds.B) The standard deviation of the annual rate of inflation was less than 3 percent.C) U.S Treasury bills have a zero variance in returns because they are risk-free.D) The risk premium on small-company stocks was less than 10 percent.E) The risk premium on all U.S. government securities is 0 percent.33) Generally speaking, which of the following best correspond to a wide frequency distribution?A) High standard deviation, low rate of returnB) Low rate of return, large risk premiumC) Small risk premium, high rate of returnD) Small risk premium, low standard deviationE) High standard deviation, large risk premium34) Standard deviation is a measure of which one of the following?A) Average rate of returnB) VolatilityC) ProbabilityD) Risk premiumE) Real returns35) Which one of the following is defined by its mean and its standard deviation?A) Arithmetic nominal returnB) Geometric real returnC) Normal distributionD) VarianceE) Risk premium36) Which of the following statements are true based on the historical record for 1926–2016?A) Risk-free securities produce a positive real rate of return each year.B) Bonds are generally a safer, or less risky, investment than are stocks.C) Risk and potential reward are inversely related.D) The normal distribution curve for large-company stocks is narrower than the curve for small-company stocks.E) Returns are more predictable over the short term than they are over the long term.37) Estimates of the rate of return on a security based on the historical arithmetic average will probably tend to ________ the expected return for the long-term and estimates using the historical geometric average will probably tend to ________ the expected return for the short-term.A) overestimate; overestimateB) overestimate; underestimateC) underestimate; overestimateD) underestimate; underestimateE) accurately estimate; accurately estimate38) The primary purpose of Blume's formula is to:A) compute an accurate historical rate of return.B) determine a stock's true current value.C) consider compounding when estimating a rate of return.D) determine the actual real rate of return.E) project future rates of return.39) The average compound return earned per year over a multiyear period is called the ________ average return.A) arithmeticB) standardC) variantD) geometricE) real40) The return earned in an average year over a multiyear period is called the ________ average return.A) arithmeticB) standardC) variantD) geometricE) real41) Assume all stock prices fairly reflect all of the available information on those stocks. Which one of the following terms best defines the stock market under these conditions?A) Riskless marketB) Evenly distributed marketC) Zero volatility marketD) Blume's marketE) Efficient capital market42) Which one of the following statements best defines the efficient market hypothesis?A) Efficient markets limit competition.B) Security prices in efficient markets remain steady as new information becomes available.C) Mispriced securities are common in efficient markets.D) All securities in an efficient market are zero net present value investments.E) All securities provide the same positive rate of return when the market is efficient.43) Which one of the following is the most likely reason why a stock price might not react at all on the day that new information related to the stock's issuer is released? Assume the market is semistrong form efficient.A) Company insiders were aware of the information prior to the announcement.B) Investors do not pay attention to daily news.C) Investors tend to overreact.D) The news was positive.E) The information was expected.44) Which one of the following is most indicative of a totally efficient stock market?A) Extraordinary returns earned on a routine basisB) Positive net present values on stock investments over the long-termC) Zero net present values for all stock investmentsD) Arbitrage opportunities which develop on a routine basisE) Realizing negative returns on a routine basis45) Which one of the following statements is correct concerning market efficiency?A) Real asset markets are more efficient than financial markets.B) If a market is efficient, arbitrage opportunities should be common.C) In an efficient market, some market participants will have an advantage over others.D) A firm will generally receive a fair price when it issues new shares of stock if the market is efficient.E) New information will gradually be reflected in a stock's price to avoid any sudden price changes in an efficient market.46) Efficient financial markets fluctuate continuously because:A) the markets are continually reacting to old information as that information is absorbed.B) the markets are continually reacting to new information.C) arbitrage trading is limited.D) current trading systems require human intervention.E) investments produce varying levels of net present values.47) Inside information has the least value when financial markets are:A) weak form efficient.B) semiweak form efficient.C) semistrong form efficient.D) strong form efficient.E) inefficient.48) Evidence seems to support the view that studying public information to identify mispriced stocks is:A) effective as long as the market is only semistrong form efficient.B) effective provided the market is only weak form efficient.C) ineffective.D) effective only in strong form efficient markets.E) ineffective only in strong form efficient markets.49) Which one of the following statements related to market efficiency tends to be supported by current evidence?A) It is easy for investors to earn abnormal returns.B) Short-run price movements are easy to predict.C) Markets are most likely only weak form efficient.D) Mispriced stocks are easy to identify.E) Markets tend to respond quickly to new information.50) Which form of market efficiency would most likely offer the greatest profit potential to an outstanding professional stock analyst?A) WeakB) SemiweakC) SemistrongD) StrongE) Perfect51) You are aware that your neighbor trades stocks based on confidential information he overhears at his workplace. This information is not available to the general public. This neighborcontinually brags to you about the profits he earns on these trades. Given this, you would tend to argue that the financial markets are at best ________ form efficient.A) weakB) semiweakC) semistrongD) strongE) perfect52) The U.S. Securities and Exchange Commission periodically charges individuals with insider trading and claims those individuals have made unfair profits. Given this, you would be most apt to argue that the markets are less than ________ form efficient.A) weakB) semiweakC) semistrongD) strongE) perfect53) Individual investors who continually monitor the financial markets seeking mispriced securities:A) earn excess profits on all of their investments.B) make the markets increasingly more efficient.C) are never able to find a security that is temporarily mispriced.D) are overwhelmingly successful in earning abnormal profits.E) are always quite successful using only historical price information as their basis of evaluation.54) One year ago, you purchased a stock at a price of $43.20 per share. The stock pays quarterly dividends of $.18 per share. Today, the stock is selling for $45.36 per share. What is your capital gain on this investment?A) $1.44B) $2.16C) $2.80D) $1.74E) $2.3455) Six months ago, you purchased 300 shares of stock in Global Trading at a price of $26.19 a share. The stock pays a quarterly dividend of $.12 a share. Today, you sold all of your shares for $27.11 per share. What is the total amount of your dividend income on this investment?A) $36B) $72C) $348D) $144E) $20456) One year ago, you purchased 200 shares of SL Industries stock at a price of $18.97 a share. The stock pays an annual dividend of $1.42 per share. Today, you sold all of your shares for $17.86 per share. What is your total dollar return on this investment?A) $50B) $91C) $58D) $62E) $8257) You own 850 shares of Western Feed Mills stock valued at $53.15 per share. What is the dividend yield if your total annual dividend income is $1,256?A) 2.67 percentB) 2.78 percentC) 1.83 percentD) 2.13 percentE) 2.54 percent58) West Wind Tours stock is currently selling for $52.30 a share. The stock has a dividend yield of 2.48 percent. How much dividend income will you receive per year if you purchase 600 shares of this stock?A) $824.96B) $836.20C) $724.80D) $762.00E) $778.2259) One year ago, you purchased a stock at a price of $38.22 a share. Today, you sold the stock and realized a total loss of 11.09 percent on your investment. Your capital gain was –$4.68 a share. What was your dividend yield?A) 1.15 percentB) .88 percentC) 1.02 percentD) .67 percentE) .38 percent60) You just sold 427 shares of stock at a price of $19.07 a share. You purchased the stock for $18.83 a share and have received total dividends of $614. What is the total capital gain on this investment?A) $716.48B) $511.52C) $102.48D) $618.48E) $476.5261) Last year, you purchased 400 shares of Analog stock for $12.92 a share. You have received a total of $136 in dividends and $4,301 in proceeds from selling the shares. What is your capital gains yield on this stock?A) 9.09 percentB) 6.73 percentC) −16.78 percentD) −14.14 percentE) −11.02 percent62) Today, you sold 540 shares of stock and realized a total return of 7.3 percent. You purchased the shares one year ago at a price of $24 a share and have received a total of $86 in dividends. What is your capital gains yield on this investment?A) 5.68 percentB) 6.64 percentC) 6.39 percentD) 7.26 percentE) 7.41 percent63) Four months ago, you purchased 900 shares of LBM stock for $7.68 a share. Last month, you received a dividend payment of $.12 a share. Today, you sold the shares for $9.13 a share. What is your total dollar return on this investment?A) $1,305B) $1,413C) $1,512D) $1,394E) $1,08064) One year ago, you purchased 100 shares of Best Wings stock at a price of $38.19 a share. The company pays an annual dividend of $.46 per share. Today, you sold for the shares for $37.92 a share. What is your total percentage return on this investment?A) 2.62 percentB) 1.93 percentC) 2.72 percentD) 1.08 percentE) .50 percent65) Suppose a stock had an initial price of $76 per share, paid a dividend of $1.42 per share during the year, and had an ending share price of $81. What was the capital gains yield?A) 6.17 percentB) 6.69 percentC) 7.05 percentD) 6.58 percentE) 5.44 percent66) Suppose you bought a $1,000 face value bond with a coupon rate of 5.6 percent one year ago. The purchase price was $987.50. You sold the bond today for $994.20. If the inflation rate last year was 2.6 percent, what was your exact real rate of return on this investment?A) 4.88 percentB) 5.32 percentC) 3.65 percentD) 3.78 percentE) 4.47 percent67) Leo purchased a stock for $63.80 a share, received a dividend of $2.68 a share and sold the shares for $59.74 each. During the time he owned the stock, inflation averaged 2.8 percent. What is his approximate real rate of return on this investment?A) −.64 percentB) −4.96 percentC) −2.16 percentD) 2.16 percentE) 4.96 percent68) Christina purchased 500 shares of stock at a price of $62.30 a share and sold the shares for $64.25 each. She also received $738 in dividends. If the inflation rate was 3.9 percent, what was her exact real rate of return on this investment?A) 4.20 percentB) 1.54 percentC) 1.60 percentD) 3.95 percentE) 5.50 percent69) What is the amount of the risk premium on a U.S. Treasury bill if the risk-free rate is 3.1 percent, the inflation rate is 2.6 percent, and the market rate of return is 7.4 percent?A) 0 percentB) 2.8 percentC) .5 percentD) 1.7 percentE) 4.3 percent70) You've observed the following returns on Crash-n-Burn Computer's stock over the past five years: 7 percent, 13 percent, 19 percent, −8 percent, and 15 percent. Suppose the average inflation rate over this time period was 2.6 percent and the average T-bill rate was 3.1 percent. Based on this information, what was the average nominal risk premium?A) 6.6 percentB) 6.1 percentC) 9.2 percentD) 1.2 percentE) 3.5 percent71) You bought one of Shark Repellant's 6 percent coupon bonds one year ago for $867. These bonds pay annual payments, have a face value of $1,000, and mature 12 years from now. Suppose you decide to sell your bonds today when the required return on the bonds is 7.4 percent. The inflation rate over the past year was 2.9 percent. What was your total real return on this investment?A) 6.48 percentB) 6.61 percentC) 8.18 percentD) 7.44 percentE) 9.70 percent72) You find a certain stock that had returns of 8 percent, −3 percent, 12 percent, and 17 percent for four of the last five years. The average return of the stock for the past five-year period was 6 percent. What is the standard deviation of the stock's returns for the five-year period?A) 10.39 percentB) 4.98 percentC) 7.16 percentD) 9.25 percentE) 5.38 percent73) A stock had returns of 5 percent, 14 percent, 11 percent, −8 percent, and 6 percent over the past five years. What is the standard deviation of these returns?A) 7.74 percentB) 8.21 percentC) 9.68 percentD) 8.44 percentE) 7.49 percent74) The common stock of Air Express had annual returns of 11.7 percent, 8.8 percent,16.7 percent, and −7.9 percent over the last four years, respectively. What is thestandard deviation of these returns?A) 8.29 percentB) 9.14 percentC) 11.54 percentD) 7.78 percentE) 10.66 percent75) A stock had annual returns of 5.3 percent, −2.7 percent, 16.2 percent, and 13.6 percentover the past four years. Which one of the following best describes the probability that this stock will produce a return of 20 percent or more in a single year?A) Less than 2.5 percent but more than .5 percentB) More than 16 percentC) Less than .5 percentD) Less than 1 percent but more than .5 percentE) Less than 16 percent but more than 2.5 percent76) A stock has an expected rate of return of 9.8 percent and a standard deviation of 15.4 percent. Which one of the following best describes the probability that this stock will lose at leasthalf of its value in any one given year?A) less than 16 percentB) less than .5 percentC) less than 1.0 percentD) less than 2.5 percentE) less than 5.0 percent77) A stock had annual returns of 11.3 percent, 9.8 percent, −7.3 percent, and 14.6percent for the past four years. Based on this information, what is the 95 percentprobability range of returns for any one given year?A) −2.4 to 17.5 percentB) −2.60 to 11.80 percentC) −12.5 to 26.7 percentD) −10.4 to 12.3 percentE) −10.9 to 25.1 percent78) Aimee is the owner of a stock with annual returns of 17.6 percent, −11.7 percent, 5.6 percent, and 9.7 percent for the past four years. She thinks the stock may achieve a returnof 17 percent again this coming year. What is the probability that your friend is correct?A) Less than .5 percentB) Greater than .5 percent but less than 1 percentC) Greater than 1 percent but less than 2.5 percentD) Greater than 2.5 percent but less than 16 percentE) Greater than 16 percent79) A stock had returns of 3 percent, 12 percent, 26 percent, −14 percent, and −1 percent for the past five years. Based on these returns, what is the approximate probability that this stock will return at least 20 percent in any one given year?A) Approximately .1 percentB) Approximately 5 percentC) Approximately 2.5 percentD) Approximately .5 percentE) Approximately 16 percent80) A stock had returns of 14 percent, 13 percent, −10 percent, and 7 percent for thepast four years. Which one of the following best describes the probability that this stockwill lose no more than 10 percent in any one year?A) Greater than .5 but less than 1.0 percentB) Greater than 1 percent but less than 2.5 percentC) Greater than 2.5 percent but less than 16 percentD) Greater than 84 percent but less than 97.5 percentE) Greater than 95 percent。
英语绿山墙的安妮第二章的概括
【原创实用版】
目录
1.安妮在绿山墙农场的生活
2.安妮与玛瑞拉的交往
3.安妮在阿冯利的学校生活
4.安妮的个性特点和成长经历
正文
在《绿山墙的安妮》的第二章中,我们看到了主人公安妮在绿山墙农场的生活。
这个农场位于加拿大的爱德华王子岛,是安妮新的家庭所在地。
在这里,安妮开始了她全新的生活,遇到了许多有趣的人和事。
首先,安妮与玛瑞拉的交往是本章的重要内容。
玛瑞拉是绿山墙农场的主人,也是安妮的监护人。
她性格严肃,但内心善良。
安妮的到来让她的生活发生了很大的变化,两人在相互理解和包容的过程中,逐渐建立起了深厚的感情。
其次,安妮在阿冯利的学校生活也是本章的一部分。
在这里,安妮结识了许多新朋友,其中包括了她的好友戴安娜。
在学校里,安妮表现出了聪明、勤奋的一面,但也因为直率、倔强的性格引发了一些误会和冲突。
通过这些情节,我们可以看到安妮的个性特点和成长经历。
她虽然失去了父母,但勇敢地面对生活的种种挑战。
在这个陌生的环境中,她努力适应,学会了与人相处,也逐渐明白了什么是真正的友谊和爱。
总的来说,第二章是《绿山墙的安妮》中非常重要的一章,它为读者展示了安妮在绿山墙农场的生活和她与玛瑞拉的交往,同时也让我们看到了安妮在阿冯利的学校生活和她的个性特点。
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小学上册英语第1单元测验试卷英语试题一、综合题(本题有100小题,每小题1分,共100分.每小题不选、错误,均不给分)1.What is the capital city of Italy?A. RomeB. FlorenceC. VeniceD. MilanA2.Heat energy is often absorbed or released during a ______.3.The cat is _______ on the couch.4.The stork brings ______ (婴儿) in stories.5.The bird is singing a ______ (song).6.What do you call a young female whale?A. CalfB. PupC. KitD. FawnA7.Chemical changes often involve the formation or breaking of ________.8.The process of crystallization involves forming __________ from a solution.9.What do we call a scientist who studies the ocean?A. OceanographerB. BiologistC. ChemistD. GeologistA Oceanographer10.I like to ______ my friends after school. (meet)11._____ (ecosystems) rely on plant and animal interactions.12.The chemical formula for calcium fluoride is _____.13.What do you call the festival of lights celebrated in India?A. DiwaliB. EidC. ChristmasD. HalloweenA14.My brother is very __________ (善良) to his classmates.15.What is the name of the famous novel written by Mark Twain?A. Moby DickB. The Adventures of Tom SawyerC. The Great GatsbyD. To Kill a MockingbirdB The Adventures of Tom Sawyer16.How many days are in February during a leap year?A. 28B. 29C. 30D. 31B17.The tree has ______ (many) branches.18.The chemical formula for iron(II) chloride is ______.19.What is the capital city of Italy?A. RomeB. ParisC. MadridD. BerlinA20.Cows eat ______.21.What do you call a person who cleans houses?A. MaidB. CleanerC. HousekeeperD. All of the above22.How many legs does a spider have?A. SixB. EightC. FourD. Ten23. A __________ is a substance that can change color based on pH.24.The animal with the longest neck is the ______.25.We have ______ (math) class after lunch.26.I find ________ (金融) very useful.27.What is the name of the famous American musician known for his work in jazz?A. Louis ArmstrongB. Duke EllingtonC. Miles DavisD. All of the aboveD28.What do we call a scientist who studies human societies and cultures?A. AnthropologistB. SociologistC. HistorianD. ArchaeologistA29. A _______ is a substance that donates protons in a reaction.30.My brother plays the ________ (吉他) very well.31.What is the name of the famous ancient city in Greece?A. AthensB. SpartaC. DelphiD. CorinthC Delphi32.The sun is ___ (setting/rising) in the evening.33.The signing of the Treaty of Tordesillas divided the _____ territories.34.The sky is ________ (蓝色) today.35.I like _____ (ice cream).36.My grandmother makes _______ (美味的食物).37.Hydrogen is the lightest _______ on the periodic table.38.What is the largest continent?A. AfricaB. EuropeC. AsiaD. South AmericaC39.What is the largest moon of Saturn called?A. TitanB. GanymedeC. CallistoD. Europa40. A tortoise lives longer than a ______ (兔子).41.I love to smell the _____ (花).42.I enjoy visiting the ________ (科技馆) to learn.43.My friend is very ____.44.I like to play with my toy ________ (玩具名称) in the sunshine.45.The children are ______ in the playground. (laughing)46.The ancient Egyptians used _______ for writing. (象形文字)47.The ice cream is ________ and cold.48.The _____ (植物群落) is diverse and vibrant.49.n Wall fell in _____. The Berl50.What do you call a young female kangaroo?A. JoeyB. CalfC. KitD. PupA51.The first human in space was ________ (尤里·加加林).52.My family travels to ______ (不同的) places.53.Fossil fuels are a source of ______ energy.54.Seeds can be stored for __________ (未来使用).55.The capital of Brazil is __________.56. A solution is made up of a solute and a _____.57.What do you call the process of making wine?A. BrewingB. DistillingC. FermentingD. Aging58.How many months are in a year?A. 10B. 11C. 12D. 13C59.The _____ (elephant) has big ears.60.在古代的________ (kingdoms) 中,王子通常接受良好的教育。