将A、B两种植物分别放置在密闭的光照生长箱中,定期抽取生长箱中的气体样品,分析其中的C02含量。以C02含量对光照时间作图,得到下列曲线图。
据图回答:
(1)分析图中曲线变化的原因。
(2)推测两种植物的光合碳同化途径。
(3)请用另一种实验方法验证你的推测。
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Directions: For this part, you are allowed thirty minutes to write a letter to a company declining a job offer. You should write at least 150 words following the outline given below:
·对公司提供职位表示感谢
·解释为何不能接受所提供的职位
·希望予以谅解,并表示对公司的良好祝愿
A Letter Declining a Job Offer
某工程项目业主(甲方)与某施工单位(乙方)签订了工程施工承包合同。合同中预算工程量为90001112,单价为ll00元/m2。合同工期为6个月。合同有关条款如下: (1)开业前业主应向承包商支付合同总价的10%的工程预付款。 (2)业主自第一个月起,从承包商的工程款中,按3%的比例扣留质量保修金。 (3)当累计实际完成工程量超过(或低于)预算工程量的l5%时,可进行调价,调价系数为0.9(或1.1)。 (4)每月签发付款最低金额为60万元。 (5)工程预付款从乙方获得累计工程款超过合同价的35%以后的下个月起,至第5个月均匀扣除。 (6)工程质量保修期为2年,保修期满甲方将质量保修金返还乙方。 承包商每月实际完成并经签证确认的工程量见下表。 工程按合同工期完工,经竣工验收合格,双方办理了工程竣工结算。竣工验收l0个月后,因质量问题业主要求施工单位维修,施工单位置之不理,业主另请其他施工单位进行了维修,维修费为1.2万元。
承包商每月实际完成并经签证确认的工程量见下表。
问题:
(1)预算合同总价为多少?
(2)工程预付款为多少?工程预付款从哪个月起扣留?每月应扣工程预付款为多少?
(3)每月工程量价款为多少?应签证的工程款为多少?应签发的付款凭证金额为多少?
(4)保修期满甲方应返还乙方多少保修金?
Using a special email address in the job search can help prevent your from receiving ________.
1 Sleepon Hotels plc owns a successful chain of hotels. The company is considering diversifying its activities through the construction of a theme park near London. The theme park would have a mixture of family activities and adventure rides. Sleepon has just spent £230,000 on market research into the theme park, and is encouraged by the findings.
The theme park is expected to attract an average of 15,000 visitors per day for at least four years, after which major new investment would be required in order to maintain demand. The price of admission to the theme park is expected to be £18 per adult and £10 per child. 60% of visitors are forecast to be children. In addition to admission revenues,
it is expected that the average visitor will spend £8 on food and drinks, (of which 30% is profit), and £5 on gifts and souvenirs, (of which 40% is profit). The park would open for 360 days per year.
All costs and receipts (excluding maintenance and construction costs and the realisable value) are shown at current prices; the company expects all costs and receipts to rise by 3% per year from current values.
The theme park would cost a total of £400 million and could be constructed and working in one year’s time. Half of the £400 million would be payable immediately, and half in one year’s time. In addition working capital of £50 million will be required from the end of year one. The after tax realisable value of fixed assets is expected to be between £250 million and £300 million after four years of operation.
Maintenance costs (excluding labour) are expected to be £15 million in the first year of operation, increasing by £4 million per year thereafter. Annual insurance costs are £2 million, and the company would apportion £2·5 million per year to the theme park from existing overheads. The theme park would require 1,500 staff costing a total of £40 million per annum (at current prices). Sleepon will use the existing advertising campaigns for its hotels to also advertise the theme park. This will save approximately £2 million per year in advertising expenses.
As Sleepon has no previous experience of theme park management, it has investigated the current risk and financial structure of the closest UK theme park competitor, Thrillall plc. Details are summarised below.
Thrillall plc, summarised balance sheet
Other information:
(i) Sleepon has access to a £450 million Eurosterling loan at 7·5% fixed rate to provide the necessary finance for the theme park.
(ii) £250 million of the investment will attract 25% per year capital allowances on a reducing balance basis.
(iii) Corporate tax is at a rate of 30%.
(iv) The average stock market return is 10% and the risk free rate 3·5%.
(v) Sleepon’s current weighted average cost of capital is 9%.
(vi) Sleepon’s market weighted gearing if the theme park project is undertaken is estimated to be 61·4% equity,
38·6% debt.
(vii) Sleepon’s equity beta is 0·70.
(viii) The current share price of Sleepon is 148 pence, and of Thrillall 386 pence.
(ix) Thrillall’s medium and long term debt comprises long term bonds with a par value of £100 and current market price of £93.
(x) Thrillall’s equity beta is 1·45.
Required:
Prepare a report analysing whether or not Sleepon should undertake the investment in the theme park. Your report should include a discussion of what other information would be useful to Sleepon in making the investment decision. All relevant calculations must be included in the report or as an appendix to it. State clearly any assumptions that you make.
(Approximately 28 marks are available for calculations and 12 for discussion)
(40 marks)