收益

Trade association's occurrence and existence has its own efficient boundary, enterprises choose join a trade association or not, which base on the Analysis on Cost and Benefit . Enterprises will not join a trade association until its benefit because of consuming club product and personal product at least equal the cost in order to consume the two products.

行业协会具有自己产生和存在的合理边界，企业根据成本—收益分析选择是否加入行业，行业协会的存在边界在于只有当会员企业消费俱乐部产品和私人产品所得的收益大于等于其为消费这两种产品而支付的成本，他才会选择加入行业协会。

Research shows bilateral efforts can rise as a result whole the accrual that supplies catenary system, but the earnings that can not assure each to cooperate all can increase.

研究结果表明双方协作可以提高整个供应链系统的收益，但并不能保证合作各方的收益均会增加。

After analysis, a conclusion is getting out that the basic facility of this MF project can't bring high profit, but it must be built. The mobile gauge center and the information center can bring expanded return.

经过实证分析表明，该物流规划方案的基础物流设施收益较低，但必须投资建设，汽车检测中心、信息中心能够带来较高的增值收益。

He says this income is really the return on cost-free capital that belongs to its shareholders; the bank should invest these funds in the capital markets and use the income on projects in the poorest countries, instead of lending it to governments that don't need it.

他说，这种收益实际上是世行股东们的无成本资本的利润；世行应该将这些钱投资到资本市场，并将收益用于最贫困国家的项目上，而不是贷给那些并不需要的国家。

This has propped up the dollar and reduced American bond yields—by up to 1.5 percentage points according to some estimates.

这使得美元利率保持低位，减少了美国的债券收益。据估计，减少的收益约为1.5%。

In chapter3, information is divided into two basic types, the marginal equation of bond price and short-term interest variations is established, thus the security price variations and the price equilibrium of other assets (risk security non-risk security are included) are analyzed by the implement of portfolio Theory.

第三章将债券的价格均衡划分为两大基本类型，建立了债券与短期利率变动的边际方程，运用组合原理分析债券价格变动与其它资产（包括风险证券和无风险证券）的价格均衡关系，通过比较收益原理建立了债券以市场均衡收益为折现参数的价值方程，并通过实证检验了该模型的合理性；第四章，分析了内部信息与价格的传导原理，建立了非完全信息市场条件下价格传递信息的做市商模型和预期模型，并讨论外部信息与内部信息对股票价格影响的非一致性。

In chapter3, information is divided into two basic types, the marginal equation of bond price and short-term interest variations is established, thus the security price variations and the price equilibrium of other assets (risk security non-risk security are included) are analyzed by the implement of portfolio Theory. Finally the bond value equation which takes equilibrium return as its yield Parameter is established through the theory of comparative return. In chapter 4, the intra-information and the transferable system of price is emphasized and the market-maker model and expected model under non-perfect information market conditions are established, and the disaccord of the influence of extra-information and intra-information on the security price is discussed.

第三章将债券的价格均衡划分为两大基本类型，建立了债券与短期利率变动的边际方程，运用组合原理分析债券价格变动与其它资产(包括风险证券和无风险证券)的价格均衡关系，通过比较收益原理建立了债券以市场均衡收益为折现参数的价值方程，并通过实证检验了该模型的合理性；第四章，分析了内部信息与价格的传导原理，建立了非完全信息市场条件下价格传递信息的做市商模型和预期模型，并讨论外部信息与内部信息对股票价格影响的非一致性。

This article was mainly obtained to the fixed asset when the valuation and the fixed asset amortizes to the income tax the influence has made the analysis, proposed the use fixed asset obtained when the valuation as well as the fixed asset depreciation method, the depreciation age limit's utility preference, might cause the enterprise to obtain a great tax revenue inc

本文主要是对固定资产取得时计价和固定资产折旧对所得税的影响做了分析，提出利用固定资产取得时的计价以及固定资产折旧方法、折旧年限的有效选择，可以使企业获得一笔较大的税收收益。关键词：固定资产；折旧；借款利息资本化；税收收益

Since 1975, the compound annual return from Asian equities has been about 11 per cent; so far this year investors have made 46 per cent, or 81 per cent if you annualise it.

自1975年以来，亚洲股票的复合年收益一直在11%左右；而今年迄今为止，投资者已录得了46%的收益，折合成年率高达81%。

And for the firms suffered from financial distress, shareholders still prefer ＂self-lending＂ to other debts, thus tacking ordinary debtees and making them accept reorganization arrangement.

通过债务性资本与替权益性资本的替换，股东总能够获得套利收益，但同时也损害了普通债权人和政府的收益，因而受到法律的限制。

We are in a real jam.

我们的麻烦大了。

Hey, it's Ahmet from India, that foreign exchange guy.

看，那是印度的阿曼特，国际交换生