未知题型 M公司正在考虑一个投资项目，该项目需要投资200万元，没有投资期。若该项目预计使用5年，期满无残值，按直线法计提折旧，若项目投产后每年增加税后营业利润60万元，公司所得税税率为25%，则项目引起的公司营业现金净流量为( )万元。

未知题型 企业偿债能力分析中对资产负债率指标进行分析时，应结合其他方面进行分析，具体包括( )。

未知题型 (a) The senior management of Universal University (UU) intend to develop both quantitative and qualitativemeasures of performance in relation to lecturing staff.As part of UU’s mission to provide ‘quality education’ to its students, lecturers are encouraged to apply their skill and judgement in the creation, delivery and assessment aspects of the learning process.Academic staff are organised on a departmental basis. Each department is expected to achieve and improve on targets in the achievement of its role. As part of their development both personally and as departmental members, staff are encouraged to participate fully in research publication, new course design and innovation in teaching and learning methods.Academic staff have differing views on whether action on their part in pursuing aspects of such goals iscompatible with their personal goals.Required:Using the above scenario, discuss in relation to the lecturing staff within (UU) each of the following:(i) The application of Agency Theory to staff, in their role as agents and provide examples of theobservability of their role in relation to outcomes and effort;(ii) The application of Expectancy Theory with specific reference to the relationship between:– strength of motivation to do (X);– strength of preference for outcome (Y);– expectation that doing (X) will result in (Y). (12 marks)(b) ‘Hard Accountability’ is deemed to apply to lecturing staff in each of three specific areas as follows:(i) accounting for the numbers;(ii) ensuring the numbers are accounted for;(iii) being held accountable for events and circumstances leading to the numbers.Required:Describe how each of the areas (b)(i) to (iii) may be applied at UU and critically evaluate this approach toperformance measurement in the context of the scenario described above. (8 marks)