开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

eaglexps · 2022年10月03日

你好

NO.PZ2018062005000042

问题如下:

The degree of operating leverage of company A and company B are identical. Company B has 20% debt in its capital structure while company A has no debt at all. It is likely that company B will have:

选项:

A.

a lower sensitivity of net income to changes in unit sales than company A.

B.

the same sensitivity of operating income to changes in unit sales than company A.

C.

the same sensitivity of net income to changes in operating income than company A.

解释:

B is correct.

Given that the two companies' degree of operating leverage are identical, the 20% debt of company B's capital structure indicates that it has higher degree of total leverage and higher degree of financial leverage.

老师,能不能讲一下,这道题的考点,和大概的一个思路,不太清楚为什么c不对。谢谢

1 个答案

王琛_品职助教 · 2022年10月03日

嗨,爱思考的PZer你好:


这道题的考点是 DOL DFL DTL 的定义式

不同的概念,定义式的分子分母涉及的变量不同,所以需要逐一辨析三个选项所涉及的变量,对应的是具体哪种杠杆

详细解题思路,及各选项分析,请参考:https://class.pzacademy.com/qa/19647

----------------------------------------------
就算太阳没有迎着我们而来,我们正在朝着它而去,加油!