现金

Based on the theory of agency, the theory of property rights and the theory of the ownership structure of the firm, Michael C. Jensen developed a hypothesis of free cash flow. He points out "Conflicts of interest between shareholders and managers over payout policies are especially severe when the organization generates substantial free cash flow. The problem is how to motivate managers to disgorge the cash rather than investing it at below the cost of capital or wasting it on organization inefficiencies."

在借鉴资本结构论、公司控制权市场论、契约论等研究成果的基础上，詹森提出了自由现金流量理论，该理论主要讨论了股东与管理者之间存在的代理成本问题，认为股东应该"促使管理者吐出这些现金，而不是将剩余现金以低于资本成本的收益率进行投资，或者在低效率的组织中耗费"。

This paper first discusses key technology of implementing electronic cash systems and two concrete schemes during development of universal e-cash systems, specially their solutions to achieve divisibility.

本文在讨论实现电子现金的关键技术，研究通用电子现金研究发展中两个重要的具体方案的基础上，设计了一个基于部分盲签名不可追踪通用电子现金系统。

I'm the Fireman Fire, Fa, Fireman I got that fire I'm hollering I got that fire come and try me and You can spark it up and I'ma put you out You can spark it up and I'ma put you out [Verse 1] Ain't nobody fuckin with me man, Heatman Ski Mask spending next weeks cash, he fast And I don't even need a G pass I'm pass that I'm passing em out now and you can't have that And my chain Toucan Sam That tropical colors you can't match that Gotta be abstract You catch my gal legs open betta smash that Don't be surprise if she ask where the cash at I see she wearing them jeans that show her butt crack My girls can't wear that why, that's where my stash at I put my mack down that's where you lack at She need her candlelit and I'ma wax that I rekindle the flame She remember the name It's Weezy Baby January December the same Mama gimme that brain Mama gimme that good Cause I'm the fireman You hear the firetruck I'm the Fireman Fire, Fa, Fireman I got that fire I'm hollering I got that fire come and try me and You can spark it up and I'ma put you out You can spark it up and I'ma put you out Fresh on campus it's the Birdman Jr Money too long teachers put away ya rulers Raw tune not a cartoon No shirt, tattoos, and some war wounds I'm hot but the car cool She wet that's a carpool Been in that water since a youngin you just shark food Quick Draw McGraw I went to art school Yeah the lights is bright but I got a short fuse Don't snooze Been handling the game so long my thumb bruise Ya new girlfriend is old news Yeen got enough green and she so blue yeah Cash Money Records where dreams come true Everything is easy baby leave it up to Weezy Baby Put it in the pot let it steam let it brew Now watch it melt don't burn ya self I'm the Fireman Fire, Fa, Fireman I got that fire I'm hollering I got that fire come and try me and You can spark it up and I'ma put you out You can spark it up and I'ma put you out Ridin' by myself well really not really So heavy in the trunk make the car pop-a-wheelie Who?

我是消防员消防，花园，消防员我接到火警我喊叫我接到火警来试试我，它可以激发起来，我是把你出去它可以激发起来，我是把你出去 [诗歌1] 不与我没有fuckin人，Heatman 滑雪面具的现金支出今后几周，他快我甚至不需要一个G通过我传递我现在传递时间内，你不能有链巨嘴鸟和我的山姆这种热带色彩不能匹配肯定在抽象你明白我的加仑双腿粉碎的开放斗鱼不要惊讶，如果她问其中现金我看到他们，她穿着牛仔裤，显示她的屁股裂缝我的女孩不能穿这个原因，这就是我的藏匿在我把我的下这就是你缺乏麦克她需要她的烛光和我是一个蜡余点燃圣火她记得这个名字这是12月1月Weezy婴儿一样妈妈gimme，大脑妈妈gimme，良好原因我是消防员你听到救火车我是消防员消防，花园，消防员我接到火警我喊叫我接到火警来试试我，它可以激发起来，我是把你出去它可以激发起来，我是把你出去新鲜校园它是鸟人Jr 钱太长教师收起亚统治者原料调整不是一个卡通没有衬衫，纹身，和一些战争创伤我觉得又热，但赛车冷却她湿这是一个用车在这水自1 youngin你只鲨鱼的食物快速绘制麦格劳我去艺术学校是的，灯光明亮而我得到脾气暴躁不要打盹被处理的游戏，只要我的拇指挫伤亚新女友是旧闻陈吕令意有足够的绿色和蓝色是啊，她这样现金货币记录下梦想成真一切都留给孩子容易到Weezy婴儿放入锅蒸让它让它酿造现在看它融化不烧亚自我我是消防员消防，花园，消防员我接到火警我喊叫我接到火警来试试我，它可以激发起来，我是把你出去它可以激发起来，我是把你出去我自己也实在没有真正因此，在主干沉重让赛车弹出一，离地平衡特技谁？

The form of cash flexion reflects the status and cause of cash fluxion in the enterprise for a centain time.

现金流量表反映企业在一定期间内现金流状况及原因，为决策者提供有价值的现金流量信息。

The emphasis of learning the course is to understand that the financial management primary objective is to maximize the value of the firm, and the fundamental determinants of the value of the firm are the magnitude of future cash flows, their timing, and their friskiness.

通过学习，将了解财务管理的最终目的是实现公司价值的最大化，而公司价值的大小主要取决于未来现金流量的多少，取决于获取未来现金流量的时间，取决于未来现金流量的风险。

Innovations: The first innovation is that it is targeted on the banking and overcomes incomparability by the disparity of different industries; this thesis analyzes financial condition of listed banks based on free cash flow which overcomes the shortage of operating activity net cash flow and financial indexes based on accrual basis, creating cash flow index early-warning model, binding the result of factor analysis and discriminant analysis to evaluate comprehensively, giving warning limit and judging warning degree based on factor score and discriminant score and reducing misjudgment of single statistical method; Financial early-warning system of listed banks is constructed with cash flow index early-warning system and non-financial index BSC early-warning system.

本文的创新点：仅以银行业为研究对象，克服行业差距带来的不可比性问题；以自由现金流量为基点分析上市银行的财务状况，克服以往学者所采用的经营活动净现金流和以权责发生制为基础的财务指标的不足，创建了现金流指标预警模型；综合因子分析和判别分析两种统计方法，以因子得分和判别得分为尺度设置警限、判断警度，降低单一统计方法的误判性；融合现金流指标预警体系和非财务指标的平衡计分卡预警体系构建了上市银行财务预警体系。

The examples that cash crisis caused by bad management leads an enterprise into collapse immediately are out of count.

由于企业现金管理不善，造成现金短缺和支付能力不足，从而引发企业的现金危机，给企业带来致命打击的案例数不胜数。

The group shows Alibaba, company of this investment management will be dedicated invest at 2 class market, its held water to enhance Alibaba not only the group is in the actual strength that money endowment manages, and strengthened a group to be opposite of macroscopical environment understand thoroughly force, the fluidity management that strengthens group cash reserve in a bank, short-term investment management and capital risk manage, round to the Babaji in A cash is flowed into, pour out of and put a quantity to undertake making overall plans, on the foundation that assures fluidity, those who achieve cash beneficial result is the biggest change.

阿里巴巴集团表示，该投资管理公司将专注于二级市场投资，其成立不仅增强了阿里巴巴集团在财资管理的实力，而且加强了集团对宏观环境的洞悉力，加强集团现金的流动性管理、短期投资管理和资金风险管理，并对阿里巴巴集团的现金流入、流出以及存量进行统筹规划，在保证流动性的基础上，实现现金效益的最大化。

Group respect expresses Alibaba, company of this investment management will be dedicated invest at 2 class market, its held water to enhance Alibaba not only group assets manages actual strength, and strengthened a group to be opposite of macroscopical environment understand thoroughly force, strengthen management of liquidity of group cash reserve in a bank, short-term investment management and capital risk management, round to the Babaji in A cash is flowed into, pour out of and put a quantity to undertake making overall plans, in assure fluidity foundation to go up, implementation cash benefit is the greatest change.

阿里巴巴集团方面表示，该投资管理公司将专注于二级市场投资，其成立不仅增强了阿里巴巴集团资产管理实力，而且加强了集团对宏观环境的洞悉力，加强集团现金流动性管理、短期投资管理和资金风险管理，并对阿里巴巴集团现金流入、流出以及存量进行统筹规划，在保证流动性基础上，实现现金效益最大化。

And then the paper analyses the influence of the preference of share financing about the Chinese listed companies. The paper sets up the mode of the debt financing-internal cash flow sensitivity by analyzing Has financing constraints theories. And it selects the listed non-financial companies of Shanghai and Shenzhen stock markets to do the demonstration. Two conclusions can be reached from the empirical study:(1) There is a remarkable negative relativity existing between china's listed companies' debt financing and internal cash flow. As the increase of the internal cash flow, the company's debt will decrease. The sensitivity between the two inclines to strengthen with the lapse of time.

通过对融资约束的理论分析，本文建立了债务融资与内部现金流量敏感性分析模型，并以沪市和深市的非金融类上市公司作为样本进行线性回归分析，得出以下结论：(1)中国上市公司债务融资与内部现金流量之间存在着显著的负相关性，即随着内部现金流量的增加，企业的债务融资额将会减少，且随着时间的推移，二者的敏感性有增强的趋势。

Do not gum up the work by telling mother what we are going to do .

别告诉母亲我们要干的事，那会把事情搞糟的。

In recent years, application of the partial prestressed concrete beam s is developed.

近年来，随着部分预应力砼梁应用的推广，发现我国规范所采用的名义拉应力法的计算结果不稳定。