渊外经舍餐多大是 公司理财 practice? A.As the probability of bankruptcy increases,the value of a levered firm increases. B.Positive corporate taxes enable a levered firm to take advantage of a tax shield on interest expense C.At the EBIT-EPS indifference point,the EPS of alternative debt and equity financing plans are equal. D.The times interest earned ratio reflects the ability of the firm to meet interest payments on debt. 6.Which of the following statement apply to a firm with a 10%perpetual bond,par value $50 million,and a corporate tax rate of 30%? i.Firm value increases by $15 million relative to similar unlevered firm. ii.Annual tax shield on interest is $3.5 million. iii.The present value of interest tax shield at a discount rate of 10%is $15 million. A.i only B.ii only C.ii only D.i and iii only 7.If fixed cost is $10,000,the contribution margin percentage is 25%,and the sales at the breakeven point is: A.$13,333 B.$20.000 C.$40,000 D.$56,667 8.The total debt of the company is 10%,$50,000 bank loan.EBIT is $25,000 and the DFL is: A.50 B.25 第3页共4页公司理财 practice? A. As the probability of bankruptcy increases, the value of a levered firm increases. B. Positive corporate taxes enable a levered firm to take advantage of a tax shield on interest expense. C. At the EBIT-EPS indifference point, the EPS of alternative debt and equity financing plans are equal. D. The times interest earned ratio reflects the ability of the firm to meet interest payments on debt. 6. Which of the following statement apply to a firm with a 10% perpetual bond, par value $50 million, and a corporate tax rate of 30%? i. Firm value increases by $15 million relative to similar unlevered firm. ii. Annual tax shield on interest is $3.5 million. iii. The present value of interest tax shield at a discount rate of 10% is $15 million. A. i only B. ii only C. iii only D. i and iii only 7. If fixed cost is $10,000, the contribution margin percentage is 25%, and the sales at the breakeven point is: A. $13,333 B. $20,000 C. $40,000 D. $56,667 8. The total debt of the company is 10%, $50,000 bank loan. EBIT is $25,000 and the DFL is: A. 50 B. 25 第 3 页 共 4 页