____ last month, Jack had been late for three times.
A.By
B.Since
C.In
D.For
A.By
B.Since
C.In
D.For
A、killed the fatted calf.
B、seen the handwriting on the wall.
C、reaped what they had sown.
D、hired themselves out.
1.()half an hour
2.()last year
3.()noon
4.()one month
5.() yesterday
6.()three days
7.()I started the job
8.()decades
Question 1
- M: Do you remember the wonderful film on space exploration we watched together last month?
- W: Sure。 It’s actually the most impressive one I’ve seen on that topic。
Q:What do we learn about the speakers?
A.They admire the courage of space explorers.
B.They enjoyed the movie on space exploration.
C.They were going to watch a wonderful movie.
D.They like doing scientific exploration very much.
The Biscuits division (Division B) and the Cakes division (Division C) are two divisions of a large, manufacturing company. Whilst both divisions operate in almost identical markets, each division operates separately as an investment centre. Each month, operating statements must be prepared by each division and these are used as a basis for performance measurement for the divisions.
Last month, senior management decided to recharge head office costs to the divisions. Consequently, each division is now going to be required to deduct a share of head office costs in its operating statement before arriving at ‘net profit’, which is then used to calculate return on investment (ROI). Prior to this, ROI has been calculated using controllable profit only. The company’s target ROI, however, remains unchanged at 20% per annum. For each of the last three months, Divisions B and C have maintained ROIs of 22% per annum and 23% per annum respectively, resulting in healthy bonuses being awarded to staff. The company has a cost of capital of 10%.
The budgeted operating statement for the month of July is shown below:
Required
(a) Calculate the expected annualised Return on Investment (ROI) using the new method as preferred by senior management, based on the above budgeted operating statements, for each of the divisions. (2 marks)
(b) The divisional managing directors are unhappy about the results produced by your calculations in (a) and have heard that a performance measure called ‘residual income’ may provide more information. Calculate the annualised residual income (RI) for each of the divisions, based on the net profit figures for the month of July. (3 marks)
(c) Discuss the expected performance of each of the two divisions, using both ROI and RI, and making any additional calculations deemed necessary. Conclude as to whether, in your opinion, the two divisions have performed well. (6 marks)
(d) Division B has now been offered an immediate opportunity to invest in new machinery at a cost of $2·12 million. The machinery is expected to have a useful economic life of four years, after which it could be sold for $200,000. Division B’s policy is to depreciate all of its machinery on a straight-line basis over the life of the asset. The machinery would be expected to expand Division B’s production capacity, resulting in an 8·5% increase in contribution per month.
Recalculate Division B’s expected annualised ROI and annualised RI, based on July’s budgeted operating statement after adjusting for the investment. State whether the managing director will be making a decision that is in the best interests of the company as a whole if ROI is used as the basis of the decision. (5 marks)
(e) Explain any behavioural problems that will result if the company’s senior management insist on using solely ROI, based on net profit rather than controllable profit, to assess divisional performance and reward staff. (4 marks)
"It wasn't clear how long children in the first year of life could retain a memory of an event," Liston says. We were interested in testing the hypothesis that neurological developments at the end of the first year and the beginning of the second would result in a significant Enhancement in this kind of memory.
Liston showed a simple demonstration to infants ages 9, 17, or 24 months old. The test results showed a huge difference between the test children Who had been 9 months old when they saw the first demonstration and those who had been older. "Whereas 9-month-olds don't I really remember a thing after four months, 17-and 24-month-olds do," Liston says. "Something is happening in the brain between 9 and 17 months old that enables children to encode these memories efficiently and in such a way that they can be retained and retrieved after a long period of time," Liston says. Researchers believe that changes in certain regions of the brain's frontal lobe and the hippocampus, which axe associated with memory retention and retrieval, drive the rapid expansion of childhood recall. Previous studies have shown that the frontal lobes in humans begin to mature during the last quarter of the first year of life.
Liston's work may help explain why adults can rarely remember anything from before their second birthday or so. Most people simply accept this "infant amnesia" as a fact of life. "But it's not clear why a 40-year-old has plenty of memories for something that happened 20 years ago, but a 20- year-old has basically no memories for something that happened when he was 2 or 3 ," Liston says. He suggests that the same brain mechanisms that were not yet able to encode long-term memories in 9-month-olds may also play some role in adults' inability to remember events of infancy. Researchers still need to look at other areas of cognition -- such as what role language ability plays in memory -- to really fully understand why people can' t remember anything that happened before 2--3 years of age. But one thing is clear: When l-year-old Snookums claims he doesn't remember breaking the heirloom chitin five months ago, he's almost surely telling the truth.
Conor Liston ______.
A.has only a vague understanding of infants' poor memory
B.has found something more about the origin of long-term recall
C.has detected the regions of the brain responsible for memory-processing
D.has established a theory about memory development
(47) As we know, cattle, mice, sheep and other animals have been cloned in the past years with mixing success. (48) All cloned animals have displayed defects later in life. (49) Scientists fear same could happen with cloned humans. (50) The company Clonaid is viewed skeptical by most scientists, who doubt the group's technical ability to clone a human being. (51) But the Clonaid spokeswoman said an dependent expert will confirm the baby's clone status through DNA testing.
(52) Clonaid is lead by Brigitte Boisselier a former deputy director of research at the Air Liquide Group, a French producer of industrial and medical gases. (53) Clonaid is also linked to a sect called the Raelians whose founder, Claude Vorihon, describes himself for a prophet and calls himself Rael. (54) The group believes cloning could extend human life for hundred of years. In fact, Clonaid has been racing the Italian fertility doctor Severion Antinori to produce the first cloned baby. (55) Antinori said in last month he expected one of his patients to give birth to a cloned baby in January.
(41)