所以

Besides, I also find that firms report negative earnings for fiscal year, which have less current and future earnings response coefficient than report positive earnings, and firms report negative cash flows from operating for fiscal year, which have less current cash flow response coefficient than report positive cash flows. Indicating that firms report negative earnings or cash flow, because losses are more transitory and which stock prices less information but which future cash flow response coefficient more than report positive cash flows. Inference of this study because cash flow have substance effect, so when firms have negative cash flows investor more care about it, which have more cash flow response coefficient, and further find while distinguishing the degree of sophisiticated investor, investor the sophisiticated degree proportion is higher. Because they know information of the earnings, firms have more degree of shareholder sophistication for fiscal year, which have more current and future earnings response coefficient than which have less.

此外，本文也发现报导损失之公司，其当期及未来盈余反应系数较报导利润之公司低，以及公司报导营业活动之现金流量为负时其当期营业活动之现金流量反应系数低於报导营业活动之现金流量为正之公司，显示公司报导损失或营业活动之现金流量为负时，因为通常都是暂时性的故其股票报酬的资讯性较低，不过其未来营业活动之现金流量反应系数高於报导营业活动之现金流量为正之公司，本研究推论因为现金流量是有实质的效果，所以当现金流量为负值时投资人应该会比较关注，所以其反应系数较高，而进一步发现当区分投资人之精明程度时，投资人精明程度比重较高，因其会辨识盈余资讯而认为公司进行损益平稳化会增加其资讯内涵，故当期及未来盈余反应系数相较於投资人精明程度较低者高。

Sough of an autumn wind blows , gin

飒飒的秋风吹，银杏树是摆脱服装的西装黄金秋风，所以好看，所以Orphean ："沙沙，沙沙"。

Sough of an autumn wind blows , ginkgo tree is shaking off outfit of a suit gold in autumn wind, so good-looking, so Orphean:"Rustle, rustle ".

飒飒的秋风吹，银杏树是摆脱服装的西装黄金秋风，所以好看，所以Orphean ："沙沙，沙沙"。

"The mere fact that in order to test the truth of the representations some independent inquiry is made, which necessarily is really in the nature of a fishing expedition rather than a systematic search that will necessarily reveal the truth if carried out with reasonable thoroughness, does not indicate lack of reliance; to hold so would enable a liar who falsifies facts peculiarly within his own knowledge to subject to an unconscionable squeeze play: if makes any independent checks he would claim that it isn't 'relying' and thus is not voidable … the only alternative for the company would be to indicate 100 per cent faith and reliance by making no investigation whatsoever, at the risk of having a court later determine that inconsistencies in the application or information otherwise brought to their attention should have caused them to make at least such an inquiry as a prudent man would have made."

但如果受害方的确有去作出了查询并且发觉了这个误述，但他还是去确认合约，这就表示了另一个重要的问题就是他并没有依赖这一个误述。当然，受害方去作出查询并不代表他能够完全知悉真相，所以误述方会有很大的举证责任说明受害方完全通过查询可以知道事实真相，所以后来确认合约并没有去依赖误述。这也是现实，例如在近年来的合并收购的商业活动蓬勃，其中涉及了不少的卖方被指控向买方作出误述。但在这种交易，买方通常会在订约前会来一个"合理努力"的查询/查帐，岂非是卖方就因此可以随意去误述而不必负责了？这方面美国上诉庭有一个先例把这一点说得很清楚，它是New York Life Insurance Co v。 Strudel 243 F 2d 90 (5 Cir 1957)，如下

Because the algorithm simultaneously considered the errors of x, y, z direction ,so it has the high degree of accuracy ; meanwhile the algorithm adopted steepest descent method, so its precision can arbitrary get and the speed of calculation is faster.

该算法因为同时考虑了x、y、z不同方向的误差，所以准确度较高；同时因为采用了最速下降法，所以精确度可以任取，运算速度较快。

So, shi Yuzhu just is met modern to those business schools academic sniff; So, he decides his market lock in China from beginning to end the broadest market -- 23 lines city and a rural area, over, giant has giant, the sale network with executive striking force.

所以，史玉柱才会对那些商学院时髦的理论嗤之以鼻；所以，他始终把自己的市场锁定在中国最广阔的市场——二三线城市和农村地区，在那里，巨人拥有一个庞大的、执行力惊人的销售网络。

Every student has distinct memory of the school year; hence I can only assert that the particular teachers I met in the particular period of time molded me.

每个学生的经历都不会相同，所以我只能说在那个特定时间段我遇到了特定的老师，所以我成为了今天这模样。

What used him to helped me raise Seoker today is famous degree, owed him when me now, help him do one suboptimization, reckon he looked for me to help him visit this station to look for me namely that day, I did not manage so for nothing he, begin to be aimed at me so, I calculate now fulfil his wish, help his Seo., also let everybody see well the person of ace of this alleged network does Seo to have much ox.

今天利用了他帮我提高了seoker的知名度，现在就当我欠了他，帮他做一次优化，估计他那天找我就是为了找我帮他看看这个站，我没空所以没理他，所以就开始针对我了，我现在就算完成他心愿，帮他seo了。，也让大家看清楚这个所谓网络高手的人做seo有多牛。

Because,be actually this personnel at the beginning e.g. us the group is not big with respect to 7 people, but because we have intermediary person, so we were solved at the beginning have a meal problem, so we can continue to develop, this also is profit from the synthesization of our group.

其实就是因为这个人员一开始比如说我们团队不大就七个人，但是我们因为有媒介的人，所以我们一开始就解决了吃饭问题，所以我们能继续发展下去，这也是得益于我们团队的综合化。

Lady Liadrin in 2.4 pledged the blood knights to the Shattered Sun, so I worked to get him to exalted with SSO and purchase the title, and he wears the SSO tabard currently (in part because it's impossible for him to get the AD tabard).

在2.4版本，莉亚德琳女士将血骑士划归碎日联军指挥，所以我把破碎残阳声望提高到崇拜并且购买了头衔，但是因为银色黎明的军服已经无法获取了，所以他现在穿着破碎残阳的军服。

On the other hand, the more important thing is because the urban housing is a kind of heterogeneity products.

另一方面，更重要的是由于城市住房是一种异质性产品。

Climate histogram is the fall that collects place measure calm value, cent serves as cross axle for a few equal interval, the area that the frequency that the value appears according to place is accumulated and becomes will be determined inside each interval, discharge the graph that rise with post, also be called histogram.

气候直方图是将所收集的降水量测定值，分为几个相等的区间作为横轴，并将各区间内所测定值依所出现的次数累积而成的面积，用柱子排起来的图形，也叫做柱状图。