【正文】 10%計算。貸款利息：長期借款及流動資金借款利息均按年利率6%計算。稅金： 增值稅按現(xiàn)行增值稅稅率17%計算，城市維護建設稅按增值稅的7％計，教育費附加按增值稅的3％計，所得稅按利潤總額的33％計算。場地租賃費：按每年每畝500元計算，項目全部占地面積200畝，年租賃費共10萬元。二、 財務評價成本費用測算成本費用計算詳見附表3《總成本費用計算表》。 由表中可知，本項目正常生產(chǎn)年份，,可變成本3355萬元,經(jīng)營成本4258萬元。銷售收入和銷售稅金計算產(chǎn)品銷售價格按500元/噸（含稅價）計算，正常年份產(chǎn)品銷售量為10萬噸，銷售收入為5000萬元，產(chǎn)品增值稅為245萬元。產(chǎn)品銷售收入及稅金逐年情況詳見附表4《損益與利潤分配表》。利潤及利潤分配表計算利潤及利潤分配計算詳見附表4《損益與利潤分配表》。由表中可知，本項目正常年份利潤總額為394萬元，年上交所得稅130萬元，凈利潤264萬元。三、財務盈利能力分析項目投資利潤率為39%（稅前）,%.%?，F(xiàn)金流量計算詳見附表6《項目財務現(xiàn)金流量表》，附表7《資本金財務流金流量表》。由表中可以得出以下指標：%（稅前），財務凈現(xiàn)值（i=12%）為2105萬元，（稅前）。%，財務凈現(xiàn)值為1442萬元。四、清償能力分析借款償還期計算若以項目未分配利潤及折舊歸還固定資產(chǎn)借款，（包括建設期）。詳見附表5《借款還本付息表》。資金來源與運用分析資金來源與運用分析詳見附表8《資金來源與運用表》。由表中可知，項目計算期內(nèi)除能做到資金收支平衡外，還可累計盈余資金404萬元。資產(chǎn)負債分析資產(chǎn)負債分析詳見附表9《資產(chǎn)負債計算表》。由表中可知，%，以后年份逐年下降，到第4年后一般穩(wěn)定在30%左右。項目流動比率和速動比率各年均在150%以上，到第6年穩(wěn)定在200%以上。以上指標說明該項目面臨的風險程度不是很大，清償能力是比較強的。五、不確定分析敏感性分析 考慮該項目實施過程中一些不定因素的變化，分別對固定資產(chǎn)投資、經(jīng)營成本、銷售收入作了提高10%和降低10%的單因素變化對內(nèi)部收益率、投資回收期的敏感性分析。見下表：敏感性分析表從表中可以看出，各因素的變化 都不同程度地影響內(nèi)部收益率及投資回收期，其中銷售收入及經(jīng)營成本的提高或降低敏感性較大，固定資產(chǎn)投資的提高或降低敏感性很小。但從產(chǎn)品和市場情況看，銷售收入降低的可能性很小，因此應加強企業(yè)管理，千方百計地降低企業(yè)經(jīng)營成本，防止因經(jīng)營成本增加而影響項目經(jīng)濟效益。 盈虧平衡分析若以生產(chǎn)能力利用率表示盈虧平衡點（BEP），經(jīng)計算盈虧平衡點為：BEP=71%。這說明項目達到設計生產(chǎn)能力的70%，即年產(chǎn)量達到7萬噸時，企業(yè)才能保本。因此應加強項目生產(chǎn)經(jīng)營，確保項目正常生產(chǎn)。六、 經(jīng)濟評價結論由以上分析結果可以看出，本項目投資利潤率、投資利稅率、內(nèi)部收益率、投資回收期等各項財務指標都是十分理想的，其經(jīng)濟效益是顯著的。（包括建設期），具有較強的還貸能力；從項目敏感性分析和盈虧平衡分析結果看，項目有較強的抗風能力。因此，本項目從財務角度看是完全可行的。that it makes you believe that it is one of the best meals he has ever tasted!Charlie Chaplin wrote, directed and produced the films the starred in. In 1972 he was given a special Oscar for his outstanding work in films. He lived in England and the USA but spend his last years in Switzerland, where he was buried in 1977. He is loved and remembered as a great actor who could inspire people with great confidence.AN APRIL FOOL’S JOKE: THE NOODLE HARVESTApril Fool’s day, or April 1st, is known in many countries as a day for playing jokes on others. It is usually a time when children make fun of each other, but sometimes other people can get caught in the fun too.One of the most famous jokes in England took place on British television in 1957. It was a Monday night when there were always many serious programmes on the television. One of them was called Panorama, this show explored problems and progress all over the world, so nobody was surprised when it began with a report on the excellent noodle harvest in the south Switzerland. The programme mentioned two reasons for the good crop: an unusually warm winter and the disappearance of the insect that attacked the noodle crop every year. The reporter showed many noodle trees with the farmers pulling noodles off them and putting them into baskets. The people watching were told that they may not have heard of noodles from this part of the world because noodles were grown as part of small family businesses.The programme makers makers realized that people might wonder why noodles were always the same size so that they explained that “it was the result of many years’ patient research with the tree to produce noodles of exactly the same length.” But even so they explained, the life of a noodle farmer was not easy. “The last two weeks of March are an anxious time for noodle farmers. There is always a chance of very cold weather spoiling their crop. Then it is difficult for them to get top prices on the markets.” Many people in England believed this story. They rang the BBC to find out hoe to grow their own noodle tree. They were told to “place a piece of noodle in a tin of tomato sauce and hope for the best.” This may seem very silly, but in the 1950s very few British people travelled aboard for their holidays and even fewer of them ate noodles. So it seemed possible to imagine that noodles grew on tree like apples, pears and nuts. People also trusted the Panorama programme for its careful research and serious information. So they were shocked to find the next day that they had all believed an April Fool’s joke. Even today the report of the noodle harvest is remembered as one of the best April Fool’s jokes ever!Unit 4Communication: No Problem?Yesterday, another student and I, representing our university’s student association, went to the Capital International Airport to meet this year’s international students. They were ing to study at Beijing University. We should take them first to their dormitories and then to the student cantee. After an hour of waiting for their flight to arrive, I saw several young people enter the waiting area looking around curiously. I stood for a minute watching them and then went to greet them.The first person to arrive was Tony Garcia from Columbia, closely followed by Julia Smith from Britain. After I met them and then introduced them to each other, I was very surprised. Tony approached Julia, touched her shoulder and kissed her on the cheek! She stepped back appearing surprised and put up her hands, as if in defence. I guessed that there was probably a major misunderstanding. Then Akira Nagata from Japan came in smiling, together with George Cook from Canada. As they were introduced, George reached his hand out to the Japanese student. Just at that moment, however, Akira bowed so his nose touched George’s moving hand. They both apologized another cultural mistake!Ahmed Aziz, another international student, was from Jordan. When we met yesterday, he moved very close to me as I introduced myself. I moved back a bit, but he came closer to ask a question and then shook my hand. When Darlene Coulon from France came dashing through the door, she recognized Tony Garcia39。s smiling face. They shook hand and then kissed each other twice on each cheek, since that is the France custom when adults meet people they know. Ahmed Aziz, on the contrary, simply nodded at the girls. Men from Middle Eastern and other Muslim countries will often stand quite close to other men to talk but will usually not touch women.As I get to know more international frien