问答题Passage 1 The cost of staging the year 2000 Olympics in Sydney is estimated to be a staggering $ 9 million, but (1) the city is preparing to the financial benefits that come from holding such an international event by equaling the commercial success of Los Angeles, the only city yet to have made a demonstrable profit from the Games in 1984. At precisely 4:20 a.m. on Friday the 24th of September 1993, it was announced that Sydney had beaten five other competing cities around the world, and Australians everywhere, not only Sydneysiders, were justifiably proud of the result. (2) But, if Sydney had lost the bid, would the taxpayers of New South Wales and of Australia have approved of governments spending millions of dollars in a failed and costly exercise? There may have been some consolation in the fact that the bid came in $ l million below the revised budget and $ 5 million below the original budget of $ 29 million formulated in mid-1991. However, the final cost was the considerable sum of $ 24 million, the bulk of which was paid for by corporate and community contributions, merchandising, licensing, and the proceeds of lotteries, with the NSW Government, which had originally been willing to spend up to $ 10 million, contributing some $ 2 million. (3) The Federal Government’s grant of $ 5 million meant, in effect, that the Sydney bid was financed by every Australian taxpayer. Prior to the announcement of the winning city, there was considerable debate about the wisdom of taking financial risks of this kind at a time of economic recession. (4) Others argued that 70% of the facilities were already in place, and all were on government-owned land, removing some potential areas of conflict which troubled previous Olympic bidders. The former NSW Premier, Mr. Nick Greiner, went on record as saying that the advantage of having the Games… “is not that you are going to have $ 7.4 billion in extra gross domestic product over the next 14 years.” (5) I think the real point is the psychological change, the gaining of confidence, apart from the other more obvious reasons, such as the building of sporting facilities, tourism, and things of that nature.
问答题
Passage 1 The cost of staging the year 2000 Olympics in Sydney is estimated to be a staggering $ 9 million, but (1) the city is preparing to the financial benefits that come from holding such an international event by equaling the commercial success of Los Angeles, the only city yet to have made a demonstrable profit from the Games in 1984. At precisely 4:20 a.m. on Friday the 24th of September 1993, it was announced that Sydney had beaten five other competing cities around the world, and Australians everywhere, not only Sydneysiders, were justifiably proud of the result. (2) But, if Sydney had lost the bid, would the taxpayers of New South Wales and of Australia have approved of governments spending millions of dollars in a failed and costly exercise? There may have been some consolation in the fact that the bid came in $ l million below the revised budget and $ 5 million below the original budget of $ 29 million formulated in mid-1991. However, the final cost was the considerable sum of $ 24 million, the bulk of which was paid for by corporate and community contributions, merchandising, licensing, and the proceeds of lotteries, with the NSW Government, which had originally been willing to spend up to $ 10 million, contributing some $ 2 million. (3) The Federal Government’s grant of $ 5 million meant, in effect, that the Sydney bid was financed by every Australian taxpayer. Prior to the announcement of the winning city, there was considerable debate about the wisdom of taking financial risks of this kind at a time of economic recession. (4) Others argued that 70% of the facilities were already in place, and all were on government-owned land, removing some potential areas of conflict which troubled previous Olympic bidders. The former NSW Premier, Mr. Nick Greiner, went on record as saying that the advantage of having the Games… “is not that you are going to have $ 7.4 billion in extra gross domestic product over the next 14 years.” (5) I think the real point is the psychological change, the gaining of confidence, apart from the other more obvious reasons, such as the building of sporting facilities, tourism, and things of that nature.
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200 A program is characterized as:A. a grouping or related tasks lasting one year or less.B. a unique undertaking having a definite time period.C. a grouping of similar projects having no definite end that supports the product(s) from cradle to grave. D. a project with a cost over $1 million.E. None of the above
● A program is characterized as:A a grouping or related tasks lasting one year or less.B a unique undertaking having a definite time period.C a grouping of similar projects having no definite end that supports the product(s) from cradle to grave.D a project with a cost over $1 million.E None of the above.
In a sense, the success of this experiment are depended on financial support from the city government.() 此题为判断题(对，错)。
4 (a) Router, a public limited company operates in the entertainment industry. It recently agreed with a televisioncompany to make a film which will be broadcast on the television company’s network. The fee agreed for thefilm was $5 million with a further $100,000 to be paid every time the film is shown on the television company’schannels. It is hoped that it will be shown on four occasions. The film was completed at a cost of $4 million anddelivered to the television company on 1 April 2007. The television company paid the fee of $5 million on30 April 2007 but indicated that the film needed substantial editing before they were prepared to broadcast it,the costs of which would be deducted from any future payments to Router. The directors of Router wish torecognise the anticipated future income of $400,000 in the financial statements for the year ended 31 May2007. (5 marks)Required:Discuss how the above items should be dealt with in the group financial statements of Router for the year ended31 May 2007.
(c) At 1 June 2006, Router held a 25% shareholding in a film distribution company, Wireless, a public limitedcompany. On 1 January 2007, Router sold a 15% holding in Wireless thus reducing its investment to a 10%holding. Router no longer exercises significant influence over Wireless. Before the sale of the shares the net assetvalue of Wireless on 1 January 2007 was $200 million and goodwill relating to the acquisition of Wireless was$5 million. Router received $40 million for its sale of the 15% holding in Wireless. At 1 January 2007, the fairvalue of the remaining investment in Wireless was $23 million and at 31 May 2007 the fair value was$26 million. (6 marks)Required:Discuss how the above items should be dealt with in the group financial statements of Router for the year ended31 May 2007.Required:Discuss how the above items should be dealt with in the group financial statements of Router for the year ended31 May 2007.
(b) One of the hotels owned by Norman is a hotel complex which includes a theme park, a casino and a golf course,as well as a hotel. The theme park, casino, and hotel were sold in the year ended 31 May 2008 to Conquest, apublic limited company, for $200 million but the sale agreement stated that Norman would continue to operateand manage the three businesses for their remaining useful life of 15 years. The residual interest in the businessreverts back to Norman after the 15 year period. Norman would receive 75% of the net profit of the businessesas operator fees and Conquest would receive the remaining 25%. Norman has guaranteed to Conquest that thenet minimum profit paid to Conquest would not be less than $15 million. (4 marks)Norman has recently started issuing vouchers to customers when they stay in its hotels. The vouchers entitle thecustomers to a $30 discount on a subsequent room booking within three months of their stay. Historicalexperience has shown that only one in five vouchers are redeemed by the customer. At the company’s year endof 31 May 2008, it is estimated that there are vouchers worth $20 million which are eligible for discount. Theincome from room sales for the year is $300 million and Norman is unsure how to report the income from roomsales in the financial statements. (4 marks)Norman has obtained a significant amount of grant income for the development of hotels in Europe. The grantshave been received from government bodies and relate to the size of the hotel which has been built by the grantassistance. The intention of the grant income was to create jobs in areas where there was significantunemployment. The grants received of $70 million will have to be repaid if the cost of building the hotels is lessthan $500 million. (4 marks)Appropriateness and quality of discussion (2 marks)Required:Discuss how the above income would be treated in the financial statements of Norman for the year ended31 May 2008.
(c) On 1 May 2007 Sirus acquired another company, Marne plc. The directors of Marne, who were the onlyshareholders, were offered an increased profit share in the enlarged business for a period of two years after thedate of acquisition as an incentive to accept the purchase offer. After this period, normal remuneration levels willbe resumed. Sirus estimated that this would cost them $5 million at 30 April 2008, and a further $6 million at30 April 2009. These amounts will be paid in cash shortly after the respective year ends. (5 marks)Required:Draft a report to the directors of Sirus which discusses the principles and nature of the accounting treatment ofthe above elements under International Financial Reporting Standards in the financial statements for the yearended 30 April 2008.
(b) The marketing director of CTC has suggested the introduction of a new toy ‘Nellie the Elephant’ for which thefollowing estimated information is available:1. Sales volumes and selling prices per unitYear ending, 31 May 2009 2010 2011Sales units (000) 80 180 100Selling price per unit ($) 50 50 502. Nellie will generate a contribution to sales ratio of 50% throughout the three year period.3. Product specific fixed overheads during the year ending 31 May 2009 are estimated to be $1·6 million. Itis anticipated that these fixed overheads would decrease by 10% per annum during each of the years ending31 May 2010 and 31 May 2011.4. Capital investment amounting to $3·9 million would be required in June 2008. The investment would haveno residual value at 31 May 2011.5. Additional working capital of $500,000 would be required in June 2008. A further $200,000 would berequired on 31 May 2009. These amounts would be recovered in full at the end of the three year period.6. The cost of capital is expected to be 12% per annum.Assume all cash flows (other than where stated) arise at the end of the year.Required:(i) Determine whether the new product is viable purely on financial grounds. (4 marks)
(c) During the year Albreda paid $0·1 million (2004 – $0·3 million) in fines and penalties relating to breaches ofhealth and safety regulations. These amounts have not been separately disclosed but included in cost of sales.(5 marks)Required:For each of the above issues:(i) comment on the matters that you should consider; and(ii) state the audit evidence that you should expect to find,in undertaking your review of the audit working papers and financial statements of Albreda Co for the year ended30 September 2005.NOTE: The mark allocation is shown against each of the three issues.
2 Plaza, a limited liability company, is a major food retailer. Further to the success of its national supermarkets in thelate 1990s it has extended its operations throughout Europe and most recently to Asia, where it is expanding rapidly.You are a manager in Andando, a firm of Chartered Certified Accountants. You have been approached by DuncanSeymour, the chief finance officer of Plaza, to advise on a bid that Plaza is proposing to make for the purchase ofMCM. You have ascertained the following from a briefing note received from Duncan.MCM provides training in management, communications and marketing to a wide range of corporate clients, includingmulti-nationals. The ‘MCM’ name is well regarded in its areas of expertise. MCM is currently wholly-owned byFrontiers, an international publisher of textbooks, whose shares are quoted on a recognised stock exchange. MCMhas a National and an International business.The National business comprises 11 training centres. The audited financial statements show revenue of$12·5 million and profit before taxation of $1·3 million for this geographic segment for the year to 31 December2004. Most of the National business’s premises are owned or held on long leases. Trainers in the National businessare mainly full-time employees.The International business has five training centres in Europe and Asia. For these segments, revenue amounted to$6·3 million and profit before tax $2·4 million for the year to 31 December 2004. Most of the International business’spremises are held on operating leases. International trade receivables at 31 December 2004 amounted to$3·7 million. Although the International centres employ some full-time trainers, the majority of trainers provide theirservices as freelance consultants.Required:(a) Define ‘due diligence’ and describe the nature and purpose of a due diligence review. (4 marks)
3 You are the manager responsible for the audit of Volcan, a long-established limited liability company. Volcan operatesa national supermarket chain of 23 stores, five of which are in the capital city, Urvina. All the stores are managed inthe same way with purchases being made through Volcan’s central buying department and product pricing, marketing,advertising and human resources policies being decided centrally. The draft financial statements for the year ended31 March 2005 show revenue of $303 million (2004 – $282 million), profit before taxation of $9·5 million (2004– $7·3 million) and total assets of $178 million (2004 – $173 million).The following issues arising during the final audit have been noted on a schedule of points for your attention:(a) On 1 May 2005, Volcan announced its intention to downsize one of the stores in Urvina from a supermarket toa ‘City Metro’ in response to a significant decline in the demand for supermarket-style. shopping in the capital.The store will be closed throughout June, re-opening on 1 July 2005. Goodwill of $5·5 million was recognisedthree years ago when this store, together with two others, was bought from a national competitor. It is Volcan’spolicy to write off goodwill over five years. (7 marks)Required:For each of the above issues:(i) comment on the matters that you should consider; and(ii) state the audit evidence that you should expect to find,in undertaking your review of the audit working papers and financial statements of Volcan for the year ended31 March 2005.NOTE: The mark allocation is shown against each of the three issues.
(b) You are the audit manager of Johnston Co, a private company. The draft consolidated financial statements forthe year ended 31 March 2006 show profit before taxation of $10·5 million (2005 – $9·4 million) and totalassets of $55·2 million (2005 – $50·7 million).Your firm was appointed auditor of Tiltman Co when Johnston Co acquired all the shares of Tiltman Co in March2006. Tiltman’s draft financial statements for the year ended 31 March 2006 show profit before taxation of$0·7 million (2005 – $1·7 million) and total assets of $16·1 million (2005 – $16·6 million). The auditor’sreport on the financial statements for the year ended 31 March 2005 was unmodified.You are currently reviewing two matters that have been left for your attention on the audit working paper files forthe year ended 31 March 2006:(i) In December 2004 Tiltman installed a new computer system that properly quantified an overvaluation ofinventory amounting to $2·7 million. This is being written off over three years.(ii) In May 2006, Tiltman’s head office was relocated to Johnston’s premises as part of a restructuring.Provisions for the resulting redundancies and non-cancellable lease payments amounting to $2·3 millionhave been made in the financial statements of Tiltman for the year ended 31 March 2006.Required:Identify and comment on the implications of these two matters for your auditor’s reports on the financialstatements of Johnston Co and Tiltman Co for the year ended 31 March 2006. (10 marks)
(b) Seymour offers health-related information services through a wholly-owned subsidiary, Aragon Co. Goodwill of$1·8 million recognised on the purchase of Aragon in October 2004 is not amortised but included at cost in theconsolidated balance sheet. At 30 September 2006 Seymour’s investment in Aragon is shown at cost,$4·5 million, in its separate financial statements.Aragon’s draft financial statements for the year ended 30 September 2006 show a loss before taxation of$0·6 million (2005 – $0·5 million loss) and total assets of $4·9 million (2005 – $5·7 million). The notes toAragon’s financial statements disclose that they have been prepared on a going concern basis that assumes thatSeymour will continue to provide financial support. (7 marks)Required:For each of the above issues:(i) comment on the matters that you should consider; and(ii) state the audit evidence that you should expect to find,in undertaking your review of the audit working papers and financial statements of Seymour Co for the year ended30 September 2006.NOTE: The mark allocation is shown against each of the three issues.
The following trial balance relates to Sandown at 30 September 2009:The following notes are relevant:(i) Sandown’s revenue includes $16 million for goods sold to Pending on 1 October 2008. The terms of the sale are that Sandown will incur ongoing service and support costs of $1·2 million per annum for three years after the sale. Sandown normally makes a gross profit of 40% on such servicing and support work. Ignore the time value of money.(ii) Administrative expenses include an equity dividend of 4·8 cents per share paid during the year.(iii) The 5% convertible loan note was issued for proceeds of $20 million on 1 October 2007. It has an effective interest rate of 8% due to the value of its conversion option.(iv) During the year Sandown sold an available-for-sale investment for $11 million. At the date of sale it had acarrying amount of $8·8 million and had originally cost $7 million. Sandown has recorded the disposal of theinvestment. The remaining available-for-sale investments (the $26·5 million in the trial balance) have a fair value of $29 million at 30 September 2009. The other reserve in the trial balance represents the net increase in the value of the available-for-sale investments as at 1 October 2008. Ignore deferred tax on these transactions.(v) The balance on current tax represents the under/over provision of the tax liability for the year ended 30 September 2008. The directors have estimated the provision for income tax for the year ended 30 September 2009 at $16·2 million. At 30 September 2009 the carrying amounts of Sandown’s net assets were $13 million in excess of their tax base. The income tax rate of Sandown is 30%.(vi) Non-current assets:The freehold property has a land element of $13 million. The building element is being depreciated on astraight-line basis.Plant and equipment is depreciated at 40% per annum using the reducing balance method.Sandown’s brand in the trial balance relates to a product line that received bad publicity during the year which led to falling sales revenues. An impairment review was conducted on 1 April 2009 which concluded that, based on estimated future sales, the brand had a value in use of $12 million and a remaining life of only three years.However, on the same date as the impairment review, Sandown received an offer to purchase the brand for$15 million. Prior to the impairment review, it was being depreciated using the straight-line method over a10-year life.No depreciation/amortisation has yet been charged on any non-current asset for the year ended 30 September2009. Depreciation, amortisation and impairment charges are all charged to cost of sales.Required:(a) Prepare the statement of comprehensive income for Sandown for the year ended 30 September 2009.(13 marks)(b) Prepare the statement of financial position of Sandown as at 30 September 2009. (12 marks)Notes to the financial statements are not required.A statement of changes in equity is not required.
(a) The following information relates to Crosswire a publicly listed company.Summarised statements of financial position as at:The following information is available:(i) During the year to 30 September 2009, Crosswire embarked on a replacement and expansion programme for its non-current assets. The details of this programme are:On 1 October 2008 Crosswire acquired a platinum mine at a cost of $5 million. A condition of mining theplatinum is a requirement to landscape the mining site at the end of its estimated life of ten years. Thepresent value of this cost at the date of the purchase was calculated at $3 million (in addition to thepurchase price of the mine of $5 million).Also on 1 October 2008 Crosswire revalued its freehold land for the first time. The credit in the revaluationreserve is the net amount of the revaluation after a transfer to deferred tax on the gain. The tax rate applicable to Crosswire for deferred tax is 20% per annum.On 1 April 2009 Crosswire took out a finance lease for some new plant. The fair value of the plant was$10 million. The lease agreement provided for an initial payment on 1 April 2009 of $2·4 million followedby eight six-monthly payments of $1·2 million commencing 30 September 2009.Plant disposed of during the year had a carrying amount of $500,000 and was sold for $1·2 million. Theremaining movement on the property, plant and equipment, after charging depreciation of $3 million, wasthe cost of replacing plant.(ii) From 1 October 2008 to 31 March 2009 a further $500,000 was spent completing the developmentproject at which date marketing and production started. The sales of the new product proved disappointingand on 30 September 2009 the development costs were written down to $1 million via an impairmentcharge.(iii) During the year ended 30 September 2009, $4 million of the 10% convertible loan notes matured. Theloan note holders had the option of redemption at par in cash or to exchange them for equity shares on thebasis of 20 new shares for each $100 of loan notes. 75% of the loan-note holders chose the equity option.Ignore any effect of this on the other equity reserve.All the above items have been treated correctly according to International Financial Reporting Standards.(iv) The finance costs are made up of:Required:(i) Prepare a statement of the movements in the carrying amount of Crosswire’s non-current assets for theyear ended 30 September 2009; (9 marks)(ii) Calculate the amounts that would appear under the headings of ‘cash flows from investing activities’and ‘cash flows from financing activities’ in the statement of cash flows for Crosswire for the year ended30 September 2009.Note: Crosswire includes finance costs paid as a financing activity. (8 marks)(b) A substantial shareholder has written to the directors of Crosswire expressing particular concern over thedeterioration of the company’s return on capital employed (ROCE)Required:Calculate Crosswire’s ROCE for the two years ended 30 September 2008 and 2009 and comment on theapparent cause of its deterioration.Note: ROCE should be taken as profit before interest on long-term borrowings and tax as a percentage of equity plus loan notes and finance lease obligations (at the year end). (8 marks)
You are an audit manager at Rockwell Co, a firm of Chartered Certified Accountants. You are responsible for the audit of the Hopper Group, a listed audit client which supplies ingredients to the food and beverage industry worldwide.The audit work for the year ended 30 June 2015 is nearly complete, and you are reviewing the draft audit report which has been prepared by the audit senior. During the year the Hopper Group purchased a new subsidiary company, Seurat Sweeteners Co, which has expertise in the research and design of sugar alternatives. The draft financial statements of the Hopper Group for the year ended 30 June 2015 recognise profit before tax of $495 million (2014 – $462 million) and total assets of $4,617 million (2014: $4,751 million). An extract from the draft audit report is shown below:Basis of modified opinion (extract)In their calculation of goodwill on the acquisition of the new subsidiary, the directors have failed to recognise consideration which is contingent upon meeting certain development targets. The directors believe that it is unlikely that these targets will be met by the subsidiary company and, therefore, have not recorded the contingent consideration in the cost of the acquisition. They have disclosed this contingent liability fully in the notes to the financial statements. We do not feel that the directors’ treatment of the contingent consideration is correct and, therefore, do not believe that the criteria of the relevant standard have been met. If this is the case, it would be appropriate to adjust the goodwill balance in the statement of financial position.We believe that any required adjustment may materially affect the goodwill balance in the statement of financial position. Therefore, in our opinion, the financial statements do not give a true and fair view of the financial position of the Hopper Group and of the Hopper Group’s financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards.Emphasis of Matter ParagraphWe draw attention to the note to the financial statements which describes the uncertainty relating to the contingent consideration described above. The note provides further information necessary to understand the potential implications of the contingency.Required:(a) Critically appraise the draft audit report of the Hopper Group for the year ended 30 June 2015, prepared by the audit senior.Note: You are NOT required to re-draft the extracts from the audit report. (10 marks)(b) The audit of the new subsidiary, Seurat Sweeteners Co, was performed by a different firm of auditors, Fish Associates. During your review of the communication from Fish Associates, you note that they were unable to obtain sufficient appropriate evidence with regard to the breakdown of research expenses. The total of research costs expensed by Seurat Sweeteners Co during the year was $1·2 million. Fish Associates has issued a qualified audit opinion on the financial statements of Seurat Sweeteners Co due to this inability to obtain sufficient appropriate evidence.Required:Comment on the actions which Rockwell Co should take as the auditor of the Hopper Group, and the implications for the auditor’s report on the Hopper Group financial statements. (6 marks)(c) Discuss the quality control procedures which should be carried out by Rockwell Co prior to the audit report on the Hopper Group being issued. (4 marks)
It can be inferred from the passage that international students in the programs __.A. get full scholarshipB. pay no tuitionC. get no financial supportD. earn more money
共用题干Going Back to Its BirthplaceNo sporting event takes hold of the world's attention and imagination like the Olympic Games.The football World Cup fascinates fans in Europe and South America;baseball's World Series is required viewing in North America;and the World Table Tennis Championships attracts the most interest in Asia.But the Olympics belong to the whole world.Now,after travelling to 17 countries over 108 years,the summer Games are returning to Athens,the place where the first modern Olympics was held.Participation in the Games is looked on not only as an achievement,but also as an honour. The 1 6 days between August 1 3 and 29 will see a record 202 countries compete, up from Sydney's 199.Afghanistan is back,having been banned from Sydney because the Taliban government didn't let women do sports.There is also a place for newcomers East Timor and Kiribati.A total of 10,500 athletes will compete in 28 sports,watched by 5.3 million ticket-paying viewers as well as a television audience of 4 billion.Athens is to use its rich history and culture to make the Olympics as special as possible.The Games will open with cycling events which start in front of the Parthenon and Acropolis monuments.The final event will be a historic men's marathon following the original route run by Phidippides in 490 BC to bring news of victory over the Persians.The ancient stadium at Olympia,first used for the Games nearly three centuries ago,will stage the shot put competitions.And the Panathenian Stadium,where the first modern Olympics was held,is to host the archery（射箭）events.If the well-known ancient sites deliver a great sense of history to the Games,the 39 new venues add a modern touch to the city of Athens.The main Olympic stadium,with a giant glass and steel roof, is the landmark（标志）building of the Olympics."We believe that we will organize a'magical'Games,"said Athens 2004 President Gianna Angelopoulos-Daskalaki. "Our history with the Olympic Games goes back nearly 3,000 years,and Athens 2004 could be the best ever." The Panathenian Stadium is the landmark building of Olympics.A:Right B:Wrong C:Not mentioned
共用题干Going Back to Its BirthplaceNo sporting event takes hold of the world's attention and imagination like the Olympic Games.The football World Cup fascinates fans in Europe and South America;baseball's World Series is required viewing in North America;and the World Table Tennis Championships attracts the most interest in Asia.But the Olympics belong to the whole world.Now,after travelling to 17 countries over 108 years,the summer Games are returning to Athens,the place where the first modern Olympics was held.Participation in the Games is looked on not only as an achievement,but also as an honour. The 1 6 days between August 1 3 and 29 will see a record 202 countries compete, up from Sydney's 199.Afghanistan is back,having been banned from Sydney because the Taliban government didn't let women do sports.There is also a place for newcomers East Timor and Kiribati.A total of 10,500 athletes will compete in 28 sports,watched by 5.3 million ticket-paying viewers as well as a television audience of 4 billion.Athens is to use its rich history and culture to make the Olympics as special as possible.The Games will open with cycling events which start in front of the Parthenon and Acropolis monuments.The final event will be a historic men's marathon following the original route run by Phidippides in 490 BC to bring news of victory over the Persians.The ancient stadium at Olympia,first used for the Games nearly three centuries ago,will stage the shot put competitions.And the Panathenian Stadium,where the first modern Olympics was held,is to host the archery（射箭）events.If the well-known ancient sites deliver a great sense of history to the Games,the 39 new venues add a modern touch to the city of Athens.The main Olympic stadium,with a giant glass and steel roof, is the landmark（标志）building of the Olympics."We believe that we will organize a'magical'Games,"said Athens 2004 President Gianna Angelopoulos-Daskalaki. "Our history with the Olympic Games goes back nearly 3,000 years,and Athens 2004 could be the best ever." The first modern Olympics was held nearly three centuries ago.A:Right B:Wrong C:Not mentioned
问答题Is city A closer to city B than it is to city C? (1) City C is 197 miles from city A. (2) City C is 163 miles from city B.
问答题Passage 3Sydney 2000 Olympics The cost of staging the year 2000 Olympics in Sydney was estimated to be a staggering $960 million, but the city was preparing to reap the financial benefits that ensued from holding such an international event by emulating the commercial success of Los Angeles, the only city yet to have made a demonstrable profit from the Games in 1984. At precisely 4:20 am on Friday the 24th of September 1993, it was announced that Sydney had beaten four other competing cities around the world, and Australians everywhere, not only Sydneysiders, were justifiably proud of the result. But, if Sydney had lost the bid, would the taxpayers of NSW and of Australia have approved of governments spending millions of dollars in a failed and costly exercise? There may have been some consolation in the fact that the bid came in $1 million below the revised budget and $5 million below the original budget of $29 million formulated in mid-1991. However, the final cost was the considerable sum of $24 million, the bulk of which was paid for by corporate and community contributions, merchandising, licensing, and the proceeds of lotteries, with the NSW Government, which had originally been willing to spend up to $10 million, contributing some $2 million. The Federal Government’s grant of $5 million meant, in effect, that the Sydney bid was financed by every Australian taxpayer. Prior to the announcement of the winning city, there was considerable debate about the wisdom of taking financial risks of this kind at a time of economic recession. Others argued that 70 per cent of the facilities were already in place, and all were on government-owned land, removing some potential areas of conflict which troubled previous Olympic bidders. The former NSW Premier, Mr. Nick Greiner, went on record as saying that the advantage of having the Games…“is not that you are going to have $7.4 billion in extra gross domestic product over the next 14 years…I think the real point of the Games is the psychological change, the catalyst of confidence…apart from the other more obvious reasons, such as the building of sporting facilities, tourism, and things of that nature.” However, the dubiousness of the benefits that Melbourne, an unsuccessful bidder for the 1988 Olympic Games, received at a time when the State of Victoria was still in economic turmoil meant many corporate bodies were unenthusiastic. There is no doubt that Sydney’s seductive physical charms caused the world’s media to compare the city favorably to its rivals Beijing, Berlin, Manchester, and Istanbul. Mr. Godfrey Santer, the Australian Tourist Commission’s Manager of Corporate Planning Services, stated that soon after the bid was made, intense media focus was already having a beneficial effect on in-bound tourism. Developers and those responsible for community development projects eagerly pointed to the improvements taking place to the existing infrastructure of the city, the creation of employment, and especially the building of sporting facilities, all of which meet the needs of the community and help to attract more tourists. At Homebush Bay $300 million was spent providing the twin athletic arenas and the “high-tech” Aquatic Centre. However, perhaps the most impressive legacy was the new attitude shown towards both industrial relations and environmental problems. The high-profile nature of the bid; and the perception that it must proceed smoothly created a unique attitude of cooperation between the workforce and employers involved in the construction of the Olympic Village at Homebush Bay. The improvements included the lack of strikes, the breaking down of demarcation barriers, and the completion of projects within budget and ahead of time. The Secretary of the NSW Labor Council, Mr. Michael Easson, was quoted as saying… “What we’ve achieved should become the model for the rest of the building industry…great cooperation, good management, improvement in relations between employers and employees, and a feeling of optimism …”. The lasting benefits will be first-rate sporting facilities at Homebush Bay and an industrial relations model which should impact on the rest of the building industry. Improved negotiations and cooperation over the bid between the Greenpeace environmental group and the State Government also saw a new respect develop on both sides. Suddenly, environmentalists were no longer regarded as being radically opposed to all development and neither was the State Government perceived as inconsiderate towards environmental concerns. The success of Sydney’s bid laid to rest much of the opposition to the gamble. Nonetheless, most economists agree that it would be wise when considering future risks of this kind to bear well in mind the financial consequences of failure. Answer the questions below. Choose NO MORE THAN THREE WORDS from the passage for each answer. Write your answers in boxes 9-13 on your answer sheet. 1. How many cities were competing in 1993 for the right to hold the 2000 Games? 2. What was the cost of the revised budget for the Sydney bid? 3. As a result of the Federal Government’s $5 million grant, who also contributed towards the bid? 4. What phrase of three words in the text describes the State of Victoria when Melbourne bid for the Games? 5. How many achievements does the Secretary of the NSW Labor Council mention in his industrial relations model?
问答题Passage 1 The cost of staging the year 2000 Olympics in Sydney is estimated to be a staggering $ 9 million, but (1) the city is preparing to the financial benefits that come from holding such an international event by equaling the commercial success of Los Angeles, the only city yet to have made a demonstrable profit from the Games in 1984. At precisely 4:20 a.m. on Friday the 24th of September 1993, it was announced that Sydney had beaten five other competing cities around the world, and Australians everywhere, not only Sydneysiders, were justifiably proud of the result. (2) But, if Sydney had lost the bid, would the taxpayers of New South Wales and of Australia have approved of governments spending millions of dollars in a failed and costly exercise? There may have been some consolation in the fact that the bid came in $ l million below the revised budget and $ 5 million below the original budget of $ 29 million formulated in mid-1991. However, the final cost was the considerable sum of $ 24 million, the bulk of which was paid for by corporate and community contributions, merchandising, licensing, and the proceeds of lotteries, with the NSW Government, which had originally been willing to spend up to $ 10 million, contributing some $ 2 million. (3) The Federal Government’s grant of $ 5 million meant, in effect, that the Sydney bid was financed by every Australian taxpayer. Prior to the announcement of the winning city, there was considerable debate about the wisdom of taking financial risks of this kind at a time of economic recession. (4) Others argued that 70% of the facilities were already in place, and all were on government-owned land, removing some potential areas of conflict which troubled previous Olympic bidders. The former NSW Premier, Mr. Nick Greiner, went on record as saying that the advantage of having the Games… “is not that you are going to have $ 7.4 billion in extra gross domestic product over the next 14 years.” (5) I think the real point is the psychological change, the gaining of confidence, apart from the other more obvious reasons, such as the building of sporting facilities, tourism, and things of that nature.
单选题From the last paragraph we learn that the investments by Google. org come from _____.AGoogle’s profits and stock valueBsome international IT companiesCthe company’s own interestsDlocal commercial banks
单选题Which of the following statements is TRUE according to the passage?ATo build a structure like the City Hall will cost $2.5 million today.BThe clock tower stands parallel with the center of the City Hall.COld City Hall was once pulled down in the development of the city.DOld City Hall is now a historical site.
单选题We may conclude from the passage that ______.Auniversities’ grants has risen less than 13%Buniversities are facing serious pension deficitsCuniversities in the UK are predicting an average surplus of 1. 6% for the end of the financial year, so no need to worry for the momentDmany universities have cut the number of research projects
问答题Directions: In this section, there is one passage followed by a summary. Read the passage carefully and complete the summary below by choosing a maximum of three words from the passage to fill in the spaces 66-70. Remember to write the answers on the Answer Sheet. Questions 1-5 are based on the following passage. In August 2008, athletes from the United States and around the world will compete in the Beijing Olympics. But did you know that in September of next year, disabled athletes will compete in the Paralympic Games in Beijing? The Olympics and the Paralympics are separate movements. But they have always been held in the same year, and since 1988, they have also been held in the same city. The International Olympic Committee and the International Paralympic Committee signed an agreement in 2001 to secure this connection. The next winter games will take place in Vancouver, Canada, in 2010. The Paralympic Games grew out of a sports competition held in 1948 in England and a doctor named Ludwig Guttmann organized it for men who suffered spinal cord injuries in World War II. Four years later, it became an international event as competitors from the Netherlands took part. Then, in 1960, the first Paralympics were held in Rome. 400 athletes from 23 countries competed. By 2004, the Paralympic Games in Athens had almost 4000 athletes from 136 countries, who may have physical or mental limitations and may be blind or in wheelchairs. Yet sometimes they perform better than athletes without disabilities. In 1968, Eunice Kennedy Shriver, the sister of former President John F. Kennedy, started the Special Olympics, which are just for children and adults with mental limitations and whose programs currently serve more than two million people in 160 countries. In November 2006, in Mumbai, India, teams competed in the First Special Olympics International Cricket Cup. In addition to India, there were men’s teams from Afghanistan, Australia, Bangladesh, Nepal, Pakistan, Sri Lanka and the West Indies. There were also women’s cricket teams from India and Pakistan. There are many organizations in the United States that help people with disabilities play sports. Wheelchair tennis is a popular sport. So is basketball. In fact, there are more than one hundred professional teams playing wheelchair basketball thanks to the special wheelchairs for athletes that are lightweight and designed for quick moves. For people who want to go really fast in their chairs, there is a Power Wheelchair Racing Association. In the state of Utah there is a place called the National Ability Center, which teaches all kinds of sports to people with all kinds of physical and mental disabilities and even gives friends and family members a chance to try a sport as if they were disabled. A reporter from the Washington Post wanted to know what it would be like for a blind person to use a climbing wall. So, protected by a safety line, the newspaper reporter closed his eyes and started to feel for places to put his hands and feet. Trainers on the ground urged him on: “Take your time. You can do it.” Finally he reached the top. At the National Ability Center people can learn to ride horses and mountain bikes. They can try winter mountain sports, and learn scuba diving and other water activities. The center also prepares athletes for the Paralympics. These days, the first place many people go when they want to travel is the Internet, where they can get information about hotels, transportation and services like tour companies. The Internet can also help travelers find special services for the disabled. For example, there are groups that help young people with disabilities travel to different countries. Susan Sygall, who uses a wheelchair herself, leads an organization called Mobility International USA, and has traveled to more than twenty-five countries to talk about the rights of people with disabilities. She says people with disabilities are all members of a global family and working together across borders is the most powerful way of making changes. Summary: The Olympics and the Paralympics are 1 but they have always been held in the same year and also in the same city since 1988 when the International Olympic Committee and the International Paralympic Committee signed an agreement in 2001 to secure this connection.The Paralympic Games grew out of a sports competition organized by a doctor named 2 in 1948 in England for men injured in World War II. In 1952, it became an 3 and in 1960, the first Paralympics were held in Rome for people who may have physical or mental limitations or may be blind or in wheelchairs.The 4 was started in 1968 in the United States by Eunice Kennedy Shriver just for children and adults with mental limitations and to help people with disabilities play sports and enjoy other activities, many 5 are founded, such as the Power Wheelchair Racing Association, the National Ability Center and Mobility International USA.