Questions and answers related to real estate finance?

The financial staff of the property is to manage the daily expenditure and income of the property, and it is also one of the important positions in property management. The following is the property finance test paper I compiled for you, I hope it will be useful to you!

Multiple choice questions in asset finance examination paper

1. The criteria for dividing investment into direct investment and indirect investment are * * * * * *.

A. the involvement of investment behavior B. the field of investment C. the direction of investment D. the content of investment

2. The following are direct investments * * * *.

A. Buy stocks directly from the stock exchange B. Buy fixed assets C. Buy corporate bonds D. Buy government bonds

3. Regarding the project investment, the following statements are incorrect: * * * * * *.

A. Calculation period = construction period+operation period B. Operation period = trial production period+production period.

C commissioning date refers to the period from commissioning to reaching the expected design level. D the time interval from the production date to the end point is called the operating period.

4. When calculating the cash flow of investment projects, the following statements are incorrect: * * * * * * * *.

A. the increment of cash flow must be considered. B. Make full use of future accounting profit information.

C. the sunk cost factor cannot be considered. D. consider the impact of the project on other departments of the enterprise.

5. The construction period of a complete industrial investment project is 0, the demand for current assets in the first year is 6,543,800,000 yuan, the available amount of current liabilities is 4,000,000 yuan, the demand for current assets in the second year is 6,543,802,000 yuan, and the available amount of current liabilities is 6,000,000 yuan. The following statement is incorrect.

A. In the first year, the working capital investment was 6 million yuan. B. In the second year, the working capital investment is 6 million yuan.

C the working capital investment in the second year is 0,000 yuan. D the amount of working capital required for the second year is RMB 6 million.

6. Operating costs do not include * * * * *.

A. Depreciation expenses for this year B. Wages and welfare expenses C. Electricity purchase expenses D. Repair expenses

7. Project investment cash flow statement * * * All investment cash flow statements * * exclude * * * *.

A. Net cash flow before income tax B. Net cash flow before accumulated income tax

C. Repayment of loan principal D. Net cash flow after income tax

8. At the end of the investment project, the free cash flow is 320,000 yuan, and the net operating cash flow is 250,000 yuan. Assuming that there is no investment to maintain operations, the following statements are incorrect: * * * * *.

A The net cash flow after income tax in that year was 320,000 yuan.

B. The amount recovered in that year was 70,000 yuan.

C The net cash flow before income tax in that year was RMB 320,000.

D 320,000 yuan in that year can be used as a source of funds for repayment of loan interest, principal, profit distribution, foreign investment and other financial activities.

9. When calculating the static payback period, * * * * is not involved.

A. Capitalized interest during construction period

B. Working capital investment

C. Investment in intangible assets

D. Start-up cost investment

10. Among the following items, * * * * does not affect the return on investment of the project.

A. Capitalized interest during construction period

B. Interest expense during operation period

C. Operating income

D. Production costs

1 1. The construction period of a project is zero, and all the investment is invested at the construction starting point. The annual net cash flow after the project is 6.5438+0 million yuan, and the present value coefficient of annuity calculated according to the internal rate of return of the project and the calculation period is 4.2, so the static investment payback period of the project is * * * *.

A.4.2 B.2. 1

defy calculation

Multiple choice questions in real estate finance examination paper

1. From the perspective of enterprises, investment in fixed assets belongs to * * * * * *.

A. Direct investment

B. Productive investment

C. investment

D. Working capital investment

2. Compared with other investment forms, the project investment is * * * * *.

A. The investment content is unique

B. substantial investment

C. Low investment risk

D. Strong liquidity

3. Incorrect expressions in the following expressions include * * * * * *.

A Original investment = fixed assets investment+intangible assets investment+other assets investment.

B. Initial investment = construction investment

C. Total investment of the project = construction investment+capitalized interest during the construction period.

D. Total project investment = construction investment+working capital investment.

4. Cash outflow from pure fixed assets investment includes * * * * * *.

A. Working capital investment

B. Investment in fixed assets

C. New operating costs

D. Increased tax revenue

5. The specific content of cash flow of different types of investment projects is different, but there are also similarities. The following statement is correct: * * * * *.

A. all cash inflows include increased operating income.

B. All cash outflows include increased operating costs.

C All cash inflows include recovered liquidity.

D. cash outflows include increased taxes.

6. Relevant assumptions for determining the cash flow of the project include * * * * * *.

A. Type assumptions of investment projects

B. depreciation assumptions based on the straight-line method

C. Project investment assumptions

D. Time point indicator hypothesis

7. In the project investment decision, * * * * should be considered when estimating the business tax and surcharges.

A. Business tax payable

B. VAT payable

C. Resource tax payable

D. Urban maintenance and construction tax should be paid

8. The net cash flow at the beginning or end of the construction period may be * * * * * *.

A. greater than 0

B. less than 0

C. equal to 0

D. All three situations are possible.

9. The project investment cash flow statement is * * * * compared with the financial accounting cash flow statement.

A. Reflect different audiences

B. Characteristics of different periods

C. Different cross-checking relationships

D. Different information attributes

10. Net present value refers to the algebraic sum of the present value of net cash flow in each year calculated at the set discount rate or benchmark rate of return during the project calculation period. The methods for calculating the net present value of a project are * * * * * *.

A. Formula method

B. tabular method

C. Special methods

D. interpolation function method

1 1. If * * * of the following conditions is met at the same time, it can be considered that the project is basically feasible financially.

A. the net present value is greater than 0

B the payback period of static investment, including the construction period, is longer than half of the calculation period of the project.

C. the return on investment is greater than the benchmark return on investment.

The static investment payback period excluding the construction period is less than half of the project operation period.

Evaluation of Real Estate Finance Examination Paper

1. Investment refers to the economic behavior of an enterprise to invest a sufficient amount of money or monetary equivalents in a certain field in order to obtain income or increase the value of funds in the foreseeable future. *** ***

2. Working capital investment refers to the investment amount invested in current assets projects in stages or at one time before and after the project is put into production, also known as prepaid working capital or working capital investment. *** ***

3. The investment methods of original investment include one-time investment and multiple investments. If the investment behavior only involves one year, it must be an investment. *** ***

4. According to the time index hypothesis, if the original investment is invested in several stages, the first investment must occur at the beginning of the first period of the project calculation period. *** ***

5. Repaying the loan principal and paying interest will cause cash to flow out of the enterprise. Therefore, if the project funds include loans, the expenditure on debt service should be deducted when calculating the cash flow of the project. *** ***

6. On the project calculation cycle axis, "2" only indicates the end of the second year. *** ***

7. When calculating the investment and operation cost of the project, the influence of financing scheme should be considered. *** ***

8. Maintenance and operation investment refers to the current assets investment that needs to be invested during the operation period in order to maintain the normal operation of industries such as mines and oil fields. *** ***

9. Net cash flow, also known as net cash flow, refers to a series of indicators formed by the difference between the annual cash inflow and the current cash outflow during the project operation period. Its calculation formula is: net cash flow in a certain year = cash inflow in that year-cash outflow in that year. *** ***

10. There is no difference between the total investment cash flow statement and the project capital cash flow statement, but the outflow projects are different. *** ***

1 1. If the net present value of the project is greater than 0, the net present value rate must be greater than 0, and the profit index must be greater than 0. *** ***

12. When the construction period of the project is zero, all investments are made at the starting point of the project, and the net cash flow after the project is put into operation is in the form of ordinary annuity, the internal rate of return can be directly calculated by using the present value coefficient of annuity. *** ***

Real estate finance examination paper comprehensive questions

At the end of 2007, Enterprise A plans to buy a new equipment that does not need to be installed, and replace the old equipment that can still be used for 5 years, with a surplus value of 40,000 yuan and a net income of 654.38+00,000 yuan. The investment in purchasing new equipment is 165000 yuan. By the end of 20 12, the estimated net salvage value of new equipment will be 5000 yuan more than that of old equipment. Using the new device, the enterprise can increase earnings before interest and tax by 654.38+04 million yuan in the 654.38+0 year, earnings before interest and tax by 654.38+08 million yuan in the second to fourth years, and earnings before interest and tax by 654.38+03 million yuan in the fifth year. Both old and new equipment are depreciated by the straight-line method. Assuming that all sources of funds are self-owned, the applicable corporate income tax rate is 25%, the depreciation method and estimated net salvage value are the same as those stipulated in the tax law, and the minimum rate of return required by investors is 10%.

Requirements:

* * *1* * Calculate the increased investment amount of the updated equipment compared with the continued use of the old equipment;

***2*** Calculate the annual increase in depreciation caused by updating equipment during the operation period;

* * * 3 * * Calculate the net loss of fixed assets caused by the early retirement of old equipment;

* * * 4 * * Calculate the income tax deduction arising from the net loss caused by the early scrapping of old equipment during the operating period 1 year;

***5*** Calculate the difference net cash flow at the beginning of the construction period △ ncf0;

***6*** Calculate the difference net cash flow during the operating period 1 year △ ncf1;

* * * 7 * * Calculate the difference net cash flow from the second year to the fourth year of the operation period △ NCF 2 ~ 4;

***8*** Calculate the difference net cash flow in the fifth year of the operation period △ ncf5;

***9*** Calculate the internal rate of return of the differential investment and decide whether to replace the old equipment.