；貨等零售業(yè)務(wù)家地產(chǎn)主要經(jīng)營(yíng)與商業(yè)零售相關(guān)的商業(yè)地產(chǎn)的投資、開(kāi)發(fā)、租售及購(gòu)物；劇，為了在激烈的市場(chǎng)競(jìng)爭(zhēng)中平穩(wěn)發(fā)展，2013年年初家成立了戰(zhàn)略發(fā)展，，市場(chǎng)策略。并且作為早期發(fā)展起來(lái)的零售企業(yè)家占據(jù)大中城市多個(gè)繁華地段的商，、，家在開(kāi)設(shè)分店的投資方案中缺乏對(duì)當(dāng)?shù)匚幕?、消費(fèi)習(xí)慣力水平的分析，單調(diào)的打購(gòu)物的沖擊供應(yīng)商直接在網(wǎng)絡(luò)搭建銷售以及大型超市紛紛開(kāi)設(shè)網(wǎng)上超市對(duì)實(shí)、，5000㎡的還是租賃此面積的進(jìn)行分析（假設(shè)公司有足夠的現(xiàn)金用于該項(xiàng)目，該項(xiàng)目預(yù)計(jì)為10，有關(guān)資料如下：，。時(shí)家地產(chǎn)因?yàn)榱鲃?dòng)不足，無(wú)息向家超市借款0.5億元家超市的獨(dú)立董認(rèn)為，獨(dú)立董事意見(jiàn)應(yīng)當(dāng)取得全體獨(dú)立董事1/2的同意，限制徐某行使職權(quán)。，。，由于此項(xiàng)目投資巨大而且開(kāi)發(fā)過(guò)程中還要巨大的風(fēng)險(xiǎn)家地產(chǎn)的風(fēng)險(xiǎn)管理委，，選擇具有良好信譽(yù)與實(shí)力的總包商承建項(xiàng)目，而不是單考慮工程報(bào)價(jià)因素，Accordingtomaterialone,apply5smodeltoyzeretailAccordingtomaterialtwo,determinewhethersupermarketFuManjiaclaimingarefundof10TVsandcancellingthecontractofthelast80TVsislegalorAccordingtomaterialthree,useP/EratiotocalculatewhethertheagreedacquisitionpriceofsupermarketFuManjiaisreasonable,describetheadvantagesandthescopeoftheapproach.受怎樣的安排，5月5日至6月15日家超市應(yīng)當(dāng)履行怎樣的義務(wù)。A“2.（1）Thethreatfrompotentialentrantsislow.Establishingalargeretailbusinessrequiressubstantialcapitalinvestmenttoexpandstores.Earlydevelopedofretailenterprisesoccupymoredowntownbusinessresourcesofacity,andfrombarriers.Cooperativerelationshipbuiltformanyyearswithernment,banksandrscreatesanenterprisecontroloveritskeyresourcesandchannels.Theexistingretailgiantshaveeconomiesofscaleandcostadvantages.（2）Threatofsubstitutesappears,morelargerssetupnetworkofsaleschannelsdirectly,aswellaslargesupermarketshaveopenedonlinesupermarket,theimpacttorealsupermarketsappearsgradually.（3）rs’bargainingpowerisweak.Centralizedpurchasingoflargeretailenterprisesandhugenumberoforders,bothpushrstoconductsubstantialbenefit.（4）Strongbargainingpowerofbuyers.Retailhastoomanychoices,customerscanchosedifferentsupermarketsordoonlineshop.（5）Competitionamongtheexistingindustryisstrong.AsWal-Mart,Metro,Carrefour,andotherinternationalretailinggiantenteredmarket,rapidexpandingincreasethecompetitionoftheretailindustry.，替代品逐步顯現(xiàn)大型供應(yīng)商直接在網(wǎng)絡(luò)搭建銷售以及大型超市紛，）（4者討價(jià)議價(jià)能力強(qiáng)，零售業(yè)的可選擇性大，既可以從不同超市又可以有網(wǎng)）3.（1）方案 4.TheclaimingofsupermarketFuManjiaisillegal.AccordingtotheContractLawof,sellerpartiallydeliversthesubjectandonebatchisnotdeliveredorthedelivereddoesnotmeetthecontract,resultinginthebatchsubjectcannotmeetthepurposeofthecontract,thebuyermayterminatethecontractforthesaleofthisbatch.Terminationofthecontractbecauseofthesubjectwhichdoesnotmeetthecontract,rescissionofthecontractvalidityshallextendtotheappendage.Appendageofthesubjectwhichdoesnotmeetthecontractisterminated,effectivenessdoesnotextendtothemainmaterial.Eveniftheappendagesaredefective,thebuyercanonlycanceltherelatingpartofthecontract.So,supermarketFuManjiacanonlycancelthecontractofthesecond10，物，即使從物部分有瑕疵，買受人盡可解除與從物有關(guān)的合同部分。因此家超市僅可就第二批10臺(tái)電視的部分解除合同。，5.（1）ThecostofequitycapitalofA=6%+0.9×5%=10.5%TheexpectedP/EratioofA=80%÷（10.5%-6.5%）=20ThestockvalueofFeihong=1000÷1000×20=20yuanpershareTheenterprisevalueofFeihong=20×1000=20millionyuanNegotiationoftheagreementisreasonable.（2）TheadvantagesofP/Emethod:ThedatausedtocalculateP/EratioiseasytoaccessandP/Eratioiseasytocalculate;P/Eratiolinksthepriceandgain,directlyreflectstherelationshipsbetweeninputsandoutputs;P/Eratioiscomprehensive,itcoverseffectoftheriskcompensation,growthrate,dividendpaymentratio.ThescopeofP/EratioisthewhichuseP/Emusthasconsecutiveprofitandβvaluegreaterthan1.市盈率的適用范圍為連續(xù)且β1、被收購(gòu)公司不得公開(kāi)募金不得進(jìn)行重大資產(chǎn)及重大投資行為或者與收購(gòu)人及其關(guān)聯(lián)方進(jìn)行其他關(guān)聯(lián)但收購(gòu)人為挽救陷入或者嚴(yán)重財(cái)務(wù)的、公告相關(guān)過(guò)戶辦理進(jìn)展情況。7.可比公司A少盈少分，不盈不分的原則；保持股利與間的一定比例關(guān)系體現(xiàn)了投資風(fēng)