可以从理论角度讲一下为什么不变吗

原来花费是10，然后变成20，为什么不是增加了10，这道题不是很理解

60万加上20万为什么？

A说一个旧机器被替代产生的现金流是机会成本吗？

17.单选题 收藏 标记 纠错 Hitch changes its target capital structure to 70% equity and 30% debt from its original capital structure with 100% equity financing. Hitch has a large asset base, a 30% operating profit margin, and the average interest rate on debt is expected to be 5.0%. If Hitch makes the change to its target capital structure and EBIT is unchanged, what is most likely the impact on Hitch's net income and return on equity (ROE) respectively? A Decrease; Increase B No Change; Increase C Decrease ;Decrease 查看解析 上一题 下一题 正确答案A 您的答案A本题平均正确率：55% WACC难度：容易 推荐：      答案解析 You should be able to figure out this question with logic (without having to use calculations). The interest expense associated with using debt represents a fixed cost that reduces net income. However, the lower net income value is spread over a smaller base of equity capital, serving to increase the ROE. 问：没明白关联到哪个知识点，可否进一步讲解？

11.单选题 已收藏 标记 纠错 Wang Securities had a long-term stable debt-to-equity ratio of 0.65. Recent bank borrowing for expansion into South America raised the ratio to 0.75. The increased leverage has what effect on the asset beta and equity beta of the company? A The asset beta and the equity beta will both rise. B The asset beta will remain the same and the equity beta will rise. C The asset beta will remain the same and the equity beta will decline. 查看解析 上一题 下一题 正确答案B 您的答案A本题平均正确率：68% WACC难度：容易 推荐：      答案解析 B is correct. Asset risk does not change with a higher debt-to-equity ratio. Equity risk rises with higher debt. 问：解释没有听懂，能不能进一步解释？和那个去杠杆 加杠杆的公式有没有关系？

1:B是错在不是外部审计人员审核，是企业内部审核委员会审核吗？ 2:COMPETITIVE DYNAMICS 这一条看视频不是很理解，请老师解释一下 3:SHAREHOLDER ACTIVISM 这种极端行为是好的还是不好的，而且讲义上以对冲基金作为例子也不是很明白，请老师注意讲解一下，谢谢

为什么B说股东可以通过独立第三方投票就是对股东有益？

06.单选题 已收藏 标记 纠错 Which of the following statements is least accurate on the discounted payback period? A Discounted payback period frequently ignores terminal values. B Discounted payback period is the time it takes for the present value of the project's cash inflows to equal the initial cost of the investment. C Discounted payback period is generally shorter than the regular payback. 查看解析 上一题 下一题 正确答案C 您的答案C本题平均正确率：81% PBP, DPB & PI难度：容易 推荐：      答案解析 The discounted payback is longer than the regular payback because cash flows are discounted to their present value. 问： A中"ignores terminal values"的意思是指忽略比如5年的现金流最后的一期吗？就是比如3.x年回本，那么第五年也就是最后一年的就不看了？是这个意思吗？还是说 终值指的是 整个产品的价值，即NPV，就是回归期不考虑项目收益？A选项中文到底是在说什么？

29.单选题 已收藏 标记 纠错 The effect of a company announcement that they have begun a project with a current cost of $10 million that will generate future cash flows with a present value of $20 million is most likely to: A Only affect value of the firm's common shares if the project was unexpected. B Increase the value of the firm's common shares by $20 million. C Increase value of the firm's common shares by $10 million. 查看解析 上一题 下一题 正确答案A 您的答案C本题平均正确率：23% NPV & IRR难度：容易 推荐：      答案解析 Stock prices reflect investor expectations for future investment and growth. A new positive-NPV project will increase stock price only if it was not previously anticipated by investors. 问：没被预期才能影响到股票的上涨？没明白讲解里的这句话的意思？ 请进一步讲解