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COMPOSITE CORPORATION Balance Sheet 20X1- 20X2 (in $ millions) Assets Current assets: Cash and equivalents Accounts receivable Inventories Other Total current assets 20X2 $140 294 269 58 $761 20X1 $107 270 280 50 $707 Liabilities and Stockholder's Equity Current Liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities 20X2 20X1 Fixed assets: Property, plant, and equipment $1,423 $1,274 -550 -460 Less accumulated depreciation Net property, plant, and equipment 873 814 Intangible assets and other 245 221 Total fixed assets $1,118 $1,035 $213 $197 The assets are listed in order 50 53 by the length of time it223 205 normally would take a$486 $455 firm Long-term liabilities: with ongoing operations to $104 Deferred taxes $117 Long-term debt 458 convert them into cash.471 $562 Total long-term liabilities $588 Stockholder's equity: Preferred stock $39 $39 Common stock ($1 per value) 55 32 Capital surplus 347 327 Accumulated retained earnings 390 347 Less treasury stock -26 -20 Total equity $805 $725 Total liabilities and stockholder's equity $1,879 $1,742 Clearly, cash is much more liquid than property, plant and equipment.

Total assets $1,879 $1,742 美国联合公司的资产负债表美国联合公司资产负债表 20X2 和20X1 (单位:百万单位:单位百万)资产流动资产:现金及现金等价物应收帐款存货其它流动资产合计固定资产:财产,厂房和设备减:累计折旧财产,厂房及设备净值无形资产及其它资产固定资产合计 20X2 $140 294 269 58 $761 20X1 $107 270 280 50 $707 债务负债债务和股东权益债务流动负债: 20X2 20X1 资产排列的顺序是根据在通$213 $197 应付帐款 50 53 应付票据常情况下企业持续经营将资205 223 应计费用$486 $455 流动负债合计产转化为现金所需要的时间长期负债:长度。长度。显然,现金比财产,厂房,显然,现金比财产,厂房,设备等的流动性要强得多。设备等的流动性要强得多。

The number of companies listed on NASDAQ is more than that on any of the other stock exchanges in the United States, including the New York Stock Exchange and the American Stock Exchange .

纳斯达克名下的上市公司在数量上超过了包括纽约证券交易所和美国证券交易所在内的任何一家美国证券交易所。

The number of companies liste d on NASDAQ is more than that on any of the other stock exchanges in the United States, including the New York Stock Exchange and the American Stock Exchange.

纳斯达克名下的上市公司在数量上超过了包括纽约证券交易所和美国证券交易所在内的任何一家美国证券交易所。

The number of companies listed on NASDAQ is more than that on any of the other stock exchanges in the United States, including the New York Stock Exchange and the American Stock Exchange.

纳斯达克名下的上市公司在数量上超过了包含纽约证券交易所和美国证券交易所在内的任何一家美国证券交易所。

The number of companies listed on NASDAQ is more than that on any of the other stock exchanges in the United States,including the New York Stock Exchanges and the American Stock Exchange.

纳斯达克名下的上市公司在数量上远比美国其它任何一家证券交易所要多,包括纽约证券交易所和美国证券交易所。

The number of companies listed on nasdaq is more than that on any of the other stock exchanges in the united states,including the new york stock exchange and the american stock exchange.

纳斯达克名下的上市公司在数量上超过了包括纽约证券股票涨停版所和美国证券交易所在内的任何一家美国证券交易所。

The number of companies listed on NASDAQ is more than that on any of the other stock exchanges in the United States, including the New York Stock Exchange the American Stock Exchange.

纳斯达克名下的上市公司在数量上超过了包括 www 。ddd tt。 com 纽约证券交易所和美国证券交易所在内的任何 dd dtt。 com 一家美国证券交易所。

Experimental synchronous rotor internal mixer and two kinds of 55L synchronous rotor internal mixer, consulted a number of published articles at home and abroad, then, for the first time, formed four kinds of physical model and the corresponding mathematical model which related to the mixed stock between the mixing chamber side and the top of the rotor wing, to the mixed stock between the two rotors and to the mixed stock at the various temperatures of the mixing chamber. And from the character of model, the author gave the relevant analytic solutions and finite element approximation arithmetic solutions during the experimental process of the synchronous rotor internal mixer.

因此,本文作者在XM—1.7实验用同步转子密炼机和两种50L同步转子密炼机上进行了大量的实验,并参阅国内外已发表的文献和资料,首次建立了同步转子密炼机混炼过程中,胶料在转子棱峰与密炼室壁之间、胶料在两同步转子之间和密炼室中混炼胶温度变化的四种物理模型及其相应的数学模型,并根据所建模型的特点,分别给出了相应的解析解或有限元数值解。

The first part consists of the introduction and basic theories, which remarks correlative literatures and disquisitions and puts forward the transmission mechanism of the stock market. It also analyzes the impacts of the monetary policy for stock market in our country to show the necessity of research on this mechanism. The second part is the microcosmic and macroscopic analysis; it mainly comprises the behaviors of the enterprise, the bank and the inhabitant as well as the stock market, money market and their joint condition. The third part studies the transmitting impacts with demonstration analysis from two aspects, and explains this course using the theories of the first part and the micro-and macro-foundation of the second part. The fourth part is the conclusion and policy recommendations; it includes the factors of effecting the transmission of monetary policy in the stock market, proposes some related suggestions, and points out the research direction in the future.

本文分为四部分:第一部分为导论及基本理论分析,对国内外股市传导机制研究理论文献进行述评,提出系统的股市传导机制,并分析我国股市发展对货币政策的影响来说明研究股票市场传导机制的必要性;第二部分为宏微观基础分析,主要包括企业、银行及居民行为以及股票市场、货币市场及其联结状况分析;第三部分分两个环节实证研究股市传导效果,并利用第一部分的理论与第二部分的宏微观基础进行解释;第四部分是结论及政策建议,归纳影响货币政策股票市场传导的因素,提出相关建议,指出未来研究方向。

Based on the information measurement of stock price published in authoritative economic journals and considering Tobin Q, cash flow, fundamentals, I choose the price-non-synchronicity in stock price as index of price informativeness in stock price and conduct the empirical analysis of the impact of stock market information content on corporate investment in china.

接下来,本文又针对这一模型,提出了可供检验的命题,借鉴国外权威经济学杂志对股票价格信息含量的度量方法,从股票市场信息含量的角度,对我国股票市场对上市公司投资的影响进行了实证分析。

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