26. Corporate Losses and Gains ExampleLisa Miller 正在检查 BW公司 19X7年经营损失对公司的影响. 下面的时间轴显示了经营收入和经营损失. What impact does the 19X7 loss have on BW?-$500,000 $100,000 $150,000$150,00019X719X619X519X4
27. Corporate Losses and Gains ExampleThe loss can offset the gain in each of the years 19X4 through 19X6. The remaining $100,000 can be carried forward to 19X8 or beyond.-$500,000 $100,000 $150,000$150,00019X719X619X519X4-$150,000-$150,000-$100,000$400,000000-$100,000
31. 金融环境Businesses interact continually with the financial markets.
Financial Markets are composed of all institutions and procedures for bringing buyers and sellers of financial instruments together.
The purpose of financial markets is to efficiently allocate savings to ultimate users.
43. 利率的期限结构A yield curve is a graph of the relationship between yields and term to maturity for particular securities.Upward Sloping Yield CurveDownward Sloping Yield Curve0 2 4 6 8 10收益率 (%)0 5 10 15 20 25 30(正常)非正常)到期年限