老师您好！第10题用掌握吗？

那A呢

费用化后，现金流会被认为CFO， 为什么cash flowfrom operating会higher？ 资本化后，现金流会被认为是CFI，为什么 cash flow from investing会lower？

9 A high-quality financial eport may reflectA earnings smoothing.B low earnings quality.C understatement of asset impairment.9 B is correct. High-quality financial eports offer useful information, mean-ing information that is relevant and faithfully represents actual performance.Although low earnings quality may not be desirable, if the reported earningsare representative of actual performance, they are consistent with high-qualityfinancial reporting. Highestquality financial eports reflect both high financialreporting quality and high earnings quality.为什么不选A？

老师，marginal returns=0时total product达到最大，那此时设备的capacity是over capacity，当marginal returns开始下降的时候，设备达到full capacity，怎么从图表判断呢两种状态呢？

operatingrisk和DOL有啥联系？

老师，视频这个位置Irene为啥说现金分红不参与下期利滚利？我看精读上说TWRR假定所有的现金分红都被重新投资于证券组合当中。

老师，第36第37题如何理解

这道题最后的20million为什么不用计算在式子里面，请问是怎么理解的，我算进去选了A

老师，TWRR和几何平均收益率有什么区别，两者不都是复利环境下的年化平均增长率吗？而且推导思路也一样