填空题The Capital Airport has been in use for 20 years.→ The Capital Airport was built ____

题目
填空题
The Capital Airport has been in use for 20 years.→ The Capital Airport was built ____
相似考题

1.Much _____ in the past few years.A.has been doneB.has doneC.didD.was done

2.center has been built in their place. The market at the corner of 83. _________

3.Imagine you receive an e-mail that looks something like this: ARE YOU GOING TO CLASS TODAY? How does(61) this message make you feel? ( 62) did the sender use all capital letters? Was he or she angry，or did that person just (63) to turn off the Caps Lock (大写键) on the computer? This E-mail sounds like the (64) is shouting because using all capital letters in an e-mail is usually the way that people shout (65) ．Knowing when and where not to use capital letters is just one (66) 0f online manners．Don't do anything online that you wouldn’t do in (67) life Don't use information that (68)else has written，and (69) it，s yours． Do share your knowledge of the (70) with others．( )61．A．leavingB．copyingC．watchingD．reading

4.The announcement is mainly about .(A) the terminal building at the airport(B) the transportation in the centre of Sydney(C) the departure taxi(D) the service the airport can provide for the passengers

更多“填空题The Capital Airport has been in use for 20 years.→ The Capital Airport was built ____”相关问题

  • 第1题：

    Passage One

    Valencia is in the east part of Spain. It has a port on the sea, two miles away from the coast. It is the capital of a province that is also named Valencia.

    The city is the market centre for what is produced by the land around the city. Most of the city's money is made from farming. It is also a busy business city with ships, railways, clothes and machine factories.

    Valencia has an old part with white buildings, coloured roofs, and narrow streets. The modern part has long, wide streets and new buildings. Valencia is well known for its parks and gardens. It has many old churches and museums. The University in the centre of the city was built in the 13(上标)th century.

    The city of valencia has been known since the 2(上标)nd century. In the 8(上标)th century it was the capital of Spain. There is also an important city in Venzuela(委内瑞拉)named Valencia.

    36. The main income of the city of Valencia is from its______.

    A. markets

    B. business

    C. factories

    D. farming


    正确答案：D
    36．答案为D  此题为细节题。问题提出瓦伦西亚市的主要收入是什么?从第二段的第二句Most of the city's money is made from farming可以得出答案是D(农业)。

  • 第2题：

    When ( ) the airport, she waved again and again to us.

    A、leaving

    B、left

    C、having left

    D、having been leaving


    参考答案：A
    解析：she 和leave是主动关系，用现在分词

  • 第3题：

    A capital expenditure results in a debit to ( )

    A. an expense account

    B. a capital account

    C. a liability account

    D. an asset account


    正确答案：D

  • 第4题：

    KFP Co, a company listed on a major stock market, is looking at its cost of capital as it prepares to make a bid to buy a rival unlisted company, NGN. Both companies are in the same business sector. Financial information on KFP Co and NGN is as follows:

    NGN has a cost of equity of 12% per year and has maintained a dividend payout ratio of 45% for several years. The current earnings per share of the company is 80c per share and its earnings have grown at an average rate of 4·5% per year in recent years.

    The ex div share price of KFP Co is $4·20 per share and it has an equity beta of 1·2. The 7% bonds of the company are trading on an ex interest basis at $94·74 per $100 bond. The price/earnings ratio of KFP Co is eight times.

    The directors of KFP Co believe a cash offer for the shares of NGN would have the best chance of success. It has been suggested that a cash offer could be financed by debt.

    Required:

    (a) Calculate the weighted average cost of capital of KFP Co on a market value weighted basis. (10 marks)

    (b) Calculate the total value of the target company, NGN, using the following valuation methods:

    (i) Price/earnings ratio method, using the price/earnings ratio of KFP Co; and

    (ii) Dividend growth model. (6 marks)

    (c) Discuss the relationship between capital structure and weighted average cost of capital, and comment on

    the suggestion that debt could be used to finance a cash offer for NGN. (9 marks)


    正确答案：
    (b)(i)Price/earningsratiomethodEarningspershareofNGN=80cpersharePrice/earningsratioofKFPCo=8SharepriceofNGN=80x8=640cor$6·40NumberofordinarysharesofNGN=5/0·5=10millionsharesValueofNGN=6·40x10m=$64millionHowever,itcanbearguedthatareductionintheappliedprice/earningsratioisneededasNGNisunlistedandthereforeitssharesaremoredifficulttobuyandsellthanthoseofalistedcompanysuchasKFPCo.Ifwereducetheappliedprice/earningsratioby10%(othersimilarpercentagereductionswouldbeacceptable),itbecomes7·2timesandthevalueofNGNwouldbe(80/100)x7·2x10m=$57·6million(ii)DividendgrowthmodelDividendpershareofNGN=80cx0·45=36cpershareSincethepayoutratiohasbeenmaintainedforseveralyears,recentearningsgrowthisthesameasrecentdividendgrowth,i.e.4·5%.Assumingthatthisdividendgrowthcontinuesinthefuture,thefuturedividendgrowthratewillbe4·5%.Sharepricefromdividendgrowthmodel=(36x1·045)/(0·12–0·045)=502cor$5·02ValueofNGN=5·02x10m=$50·2million(c)Adiscussionofcapitalstructurecouldstartfromrecognisingthatequityismoreexpensivethandebtbecauseoftherelativeriskofthetwosourcesoffinance.Equityisriskierthandebtandsoequityismoreexpensivethandebt.Thisdoesnotdependonthetaxefficiencyofdebt,sincewecanassumethatnotaxesexist.Wecanalsoassumethatasacompanygearsup,itreplacesequitywithdebt.Thismeansthatthecompany’scapitalbaseremainsconstantanditsweightedaveragecostofcapital(WACC)isnotaffectedbyincreasinginvestment.Thetraditionalviewofcapitalstructureassumesanon-linearrelationshipbetweenthecostofequityandfinancialrisk.Asacompanygearsup,thereisinitiallyverylittleincreaseinthecostofequityandtheWACCdecreasesbecausethecostofdebtislessthanthecostofequity.Apointisreached,however,wherethecostofequityrisesataratethatexceedsthereductioneffectofcheaperdebtandtheWACCstartstoincrease.Inthetraditionalview,therefore,aminimumWACCexistsand,asaresult,amaximumvalueofthecompanyarises.ModiglianiandMillerassumedaperfectcapitalmarketandalinearrelationshipbetweenthecostofequityandfinancialrisk.Theyarguedthat,asacompanygearedup,thecostofequityincreasedataratethatexactlycancelledoutthereductioneffectofcheaperdebt.WACCwasthereforeconstantatalllevelsofgearingandnooptimalcapitalstructure,wherethevalueofthecompanywasatamaximum,couldbefound.Itwasarguedthattheno-taxassumptionmadebyModiglianiandMillerwasunrealistic,sinceintherealworldinterestpaymentswereanallowableexpenseincalculatingtaxableprofitandsotheeffectivecostofdebtwasreducedbyitstaxefficiency.Theyrevisedtheirmodeltoincludethistaxeffectandshowedthat,asaresult,theWACCdecreasedinalinearfashionasacompanygearedup.Thevalueofthecompanyincreasedbythevalueofthe‘taxshield’andanoptimalcapitalstructurewouldresultbygearingupasmuchaspossible.Itwaspointedoutthatmarketimperfectionsassociatedwithhighlevelsofgearing,suchasbankruptcyriskandagencycosts,wouldlimittheextenttowhichacompanycouldgearup.Inpractice,therefore,itappearsthatcompaniescanreducetheirWACCbyincreasinggearing,whileavoidingthefinancialdistressthatcanariseathighlevelsofgearing.Ithasfurtherbeensuggestedthatcompanieschoosethesourceoffinancewhich,foronereasonoranother,iseasiestforthemtoaccess(peckingordertheory).Thisresultsinaninitialpreferenceforretainedearnings,followedbyapreferencefordebtbeforeturningtoequity.TheviewsuggeststhatcompaniesmaynotinpracticeseektominimisetheirWACC(andconsequentlymaximisecompanyvalueandshareholderwealth).TurningtothesuggestionthatdebtcouldbeusedtofinanceacashbidforNGN,thecurrentandpostacquisitioncapitalstructuresandtheirrelativegearinglevelsshouldbeconsidered,aswellastheamountofdebtfinancethatwouldbeneeded.Earliercalculationssuggestthatatleast$58mwouldbeneeded,ignoringanypremiumpaidtopersuadetargetcompanyshareholderstoselltheirshares.Thecurrentdebt/equityratioofKFPCois60%(15m/25m).Thedebtofthecompanywouldincreaseby$58minordertofinancethebidandbyafurther$20maftertheacquisition,duetotakingontheexistingdebtofNGN,givingatotalof$93m.Ignoringotherfactors,thegearingwouldincreaseto372%(93m/25m).KFPCowouldneedtoconsiderhowitcouldservicethisdangerouslyhighlevelofgearinganddealwiththesignificantriskofbankruptcythatitmightcreate.ItwouldalsoneedtoconsiderwhetherthebenefitsarisingfromtheacquisitionofNGNwouldcompensateforthesignificantincreaseinfinancialriskandbankruptcyriskresultingfromusingdebtfinance.

  • 第5题：

    discovered that my baggage had been lost. I didn’t have any choice but to wait at the airport for five
    hours while your employees tried to trace the whereabouts of my baggage. I left the airport without my
    belongings as I had an important meeting to attend.
    It has been one week, and I have not been contacted regarding my baggage. For this reason, I strongly
    feel that I should be compensated for the items that were lost. I hope to hear from your office ( )the week.
    Sincerely yours,
    NATHAN HALL

    A.within
    B.from
    C.since
    D.near

    答案：A
    解析：

  • 第6题：

    单选题
    If n flights land at a certain airport in h hours, how many flights would land at that airport in i hours?
    A

    hin

    B

    i/n

    C

    hn/i

    D

    in/h

    E

    hi/n


    正确答案： B
    解析：
    If n/h represents the number of flights that land at that airport in every hour, then the total number of flights landing at the airport in I hours will be (n/h)·i or in/h.

  • 第7题：

    填空题
    The Capital Airport is the largest one in China.→ The Capital Airport is ____ any other airport in China.

    正确答案： larger than
    解析：
    the largest one=larger than any other…，都表示最大的一个。

  • 第8题：

    单选题
    Many American travelers use Montreal international airport because ______.
    A

    it offers good passenger service

    B

    it provides free parking lots

    C

    it is near and inexpensive

    D

    it is widely advertised


    正确答案： C
    解析：
    细节题。关键句：文章的第二段第二句话“Countless U．S．travelers use Montreal’s airport because of its convenient location and competitive prices，which it promotes in radio ads in New England．”可知，蒙特利尔机场不仅位置方便，价格还便宜，故正确答案为C。

  • 第9题：

    单选题
    A free transfer between terminals is available using Heathrow Express and Heathrow Connect trains.
    A

    Heathrow Airport provides free pick-up service.

    B

    Heathrow Airport and local destinations are connected by free train services.

    C

    Free train services connect the terminals of Heathrow Airport.


    正确答案： C
    解析：
    根据“terminal”并结合选项中的“Heathrow Airport”可知，本题阅读材料介绍的是机场提供的某种服务，意思是“乘客可以在航站楼之间免费乘坐希思罗机场的‘Heathrow Express’和‘Heathrow Connect trains’”。A、B两项所述内容在文中没有提及，所以应该选C。

  • 第10题：

    问答题
    The value of the penny has been dropping for years.

    正确答案：
    解析：

  • 第11题：

    单选题
    What does SAL stand for in this passage?
    A

    Shanghai Airport.

    B

    Shanghai Airlines.

    C

    Shenzhen Airport.

    D

    South Airlines.


    正确答案： B
    解析：
    该题考查SAL这三个字母代表的意思，从短文的第一句话Shanghai Airlines（SAL）我们不难发现他们应该是“上海航空”的缩写。其他选项都可以排除。

  • 第12题：

    单选题
    _____ has been known as the automobile capital of the world.
    A

    New York

    B

    Atlanta

    C

    Philadelphia

    D

    Detroit


    正确答案： C
    解析：
    底特律有世界“汽车之城”的美称。

  • 第13题：

    His sister ______her hometown for three years. She'll return next year.

    A. left

    B. has left

    C. has been away

    D. has been away from


    正确答案：D

    14．答案为D  他的姐姐已经离开家乡三年了。她明年将要回来。该句表示到现在为止一直发生的动作，因此要用现在完成式，away表示离开某地时应加from。

  • 第14题：

    Hardly had he arrived at the airport____he was told that the flight had been cancelled.

    A: than

    B: when

    C: before

    D: then


    参考答案： B

  • 第15题：

    Lucy has been a student there for nearly one and ______ half years.

    A、a

    B、an

    C、the

    D、/


    参考答案： D

  • 第16题：

    Leafman Capital Purchases Josee Group
    Leafman Capital, a leading Canadian investment firm, announced today that it has completed
    its long-anticipated acquisition of Josee Group, a Paris-based hotel company. The deal has an esti-mated value of 350 million euros, according to Leafman Capital executives.
    The sale of the French-owned Josee Group to a Canadian firm has caused a great deal of con-troversy in France, the Josee Group owns 26 historic hotels in and around Paris, including the fa-mous Hotel Jean-Claude, which had hosted numerous prominent nineteenth-century French authors and political figures. Joseph Leafman, owner of Leafman Capital, announced that his firm would strive to retain the important historic heritage of the Hotel Jean-Claude but would make necessary renovations to modernize the heating and plumbing systems. In addition to the Hotel Jean-Claude, the Josee Group owns smaller hotels across France, including the Parisian Gateway and the Hotel Fanon, both considered among the finest examples of French architecture in the neoclassic style.
    Mr. Leafman said that his firm purchased the Josee Group as a means of diversifying its port-folio. He also plans to make additional purchase in Europe, which may include luxury hotels in Belgium, Germany, and Switzerland. Other assets recently purchased by Leafman Capital include high-rise apartment and office buildings in Thailand and the Philippines.
    According to the article, why has the sale of the Josee Group been considered controversial?

    A.It was sold for less than its estimated value
    B.Historic French properties were being sold to a foreign firm
    C.Employees of the Josee Group are expected to lose their jobs
    D.The sale was not made public until it had been finalized

    答案：B
    解析：
    从文章第二段第一句话中可以看出来。

  • 第17题：

    我们的重吊杆已经长时间不用了。（）

    • A、Our derrick has been out of use for a long time.
    • B、Our heavy derrick has been out of use for a long time.
    • C、Our crane has been out of use for a long time.
    • D、Our winch has been out of use for a long time.

    正确答案:B

  • 第18题：

    填空题
    The city Prague is the capital city of Czech Republic.____

    正确答案： A
    解析：
    由题干中“Prague”定位至A段。本段讲到，布拉格是你的梦中之城，然后说布拉格是美丽的捷克共和国首都，故匹配段落为A段。

  • 第19题：

    单选题
    What does this tour company think can show Beijing is a fast developing modern city?
    A

    Beijing Capital Airport.

    B

    Bird’s Nest, Water Cube and Olympic Park.

    C

    Tian’anmen Square and the Forbidden City.

    D

    The Great Wall and the Summer Palace.


    正确答案： C
    解析：
    根据文章“Visit the Olympic sites: Bird’s Nest, Water Cube and Olympic Park, witnessing the fast developing modern China. Enjoy some free time after visiting the sites”可知这家旅游公司认为，北京的鸟巢，水立方和奥林匹克公园显示了北京是一个发展迅速的现代化城市，故选B。

  • 第20题：

    单选题
    Now Mr. LaRoche chooses to use Logan airport instead of Montreal airport because ______.
    A

    the former is cheaper in service

    B

    the former gives more care to car theft

    C

    the former is more convenient for parking

    D

    the former shows more concern for passengers


    正确答案： B
    解析：
    细节题。从文章的最后三句话“Boston’s Logan airport had only four reported thefts．So now David LaRoche will head to Logan，his next-closest major airport．It’s a longer drive，but that’s OK if it saves his new car．”可知，这个机场车辆失窃率很低，尽管需要驾车很长时间才到这里，但这能保证自己新车的安全，他还是能接受这个距离的。所以，这里的机场对盗车问题更加重视。注意排除干扰项。故正确的答案为B。

  • 第21题：

    填空题
    The capital of England and of Great Britain is（）

    正确答案： London
    解析： 暂无解析

  • 第22题：

    填空题
    The capital city of Wales is（）

    正确答案： Cardiff
    解析： 威尔士的首府城市是加的夫(Cardiff)，也是威尔士最大的城市，位于威尔士东南部的布里斯托尔海峡。

  • 第23题：

    单选题
    — Could you tell me ______?— More than a year.
    A

    how soon will Yangzhou-Taizhou Airport be built

    B

    how long has Yangzhou-Taizhou Airport been in service

    C

    how soon Yangzhou-Taizhou Airport will be built

    D

    how long Yangzhou-Taizhou Airport has been in service


    正确答案： D
    解析：
    句意：——你能告诉我扬州-泰州机场投入使用多久了吗?——一年多了。本题考查宾语从句。宾语从句应用陈述句语序，排除A、B两项；答语more than a year为时间段，所以只能用how long进行提问，故选D项。

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