VPS

某H股上市公司拟对国内某非上市公司进行收购，聘请资产评估机构对收购对象进行评估，作为确定收购价格的参考依据，被收购公司属于轻资产类型的软件公司，设立时间较短，只有两年的经营历史，营业收入较少，目前该公司处于亏损状态。
资产评估机构在对该软件公司进行评估时，考虑到成本法难以体现轻资产公司的价值，拟使用收益法和市场法进行评估，在评估说明中，资产评估师对收益法和市场法的基本评估思路描述如下：
（一）收益法的基本思想：
（1）收益预测
1）采用净现金流量（股权自由现金流量）作为收益额口径；2）根据该公司编制事业计划进行收益预测，因该公司事业计划的收益预测较历史数据有大幅度增长，资产评估师认为其未来收入及利润实现存在很大不确定性，因此要求该公司对所提供的盈利预测数据提供保证，并要求其承诺：如该公司不能实现预测利润，对实际利润与预测利润之间的差额由大股东补足。
2）折现率的确定
折现率＝无风险报酬率＋风险报酬率＋企业个别风险
无风险报酬率按同期国债利率确定，取近年财政部发行的5年期凭证式国债的票面利率；风险报酬率参考国务院国资委制定的企业绩效评价标准值，选取相关行业净资产收益率的平均值；企业个别风险通过分析企业的财务、经营等风险加以确定。
3）将未来收益折现得到评估值。
（二）市场法的基本思路：
本次评估采用上市公司比较法，并选用市销率（PS）和市净率（PB）作为价值比率。
（1）由于在境内资本市场未发现可比上市公司，评估人员选取了3个H股上市公司作为可比对象；
（2）计算评估对象的评估值。
1）由于市销率、市净率可以从不同角度发硬企业的价值特性，因此分别计算3家可比公司PS、PB；
2）分别计算PS、PB的算术平均值
PS平均值＝（PS1＋PS2＋PS3）/3
PB平均值＝（PB1＋PB2＋PB3）/3
3）计算出上述两个指标口径所对应的股权价值
Vps＝PS平均值－被评估企业销售收入
Vpb＝PB平均值－被评估企业净资产
4）计算评估值
评估值＝（Vps＋VPB）/2
要求：
<1>、该项目对收益口径的选取是否合适说明理由。该项目收益法的运用存在什么问题
<2>、该项目中市场法的运用存在什么问题

资料：THOMAS WILSON
15 Spring Drive
Sometown, WI 53205
Home:（555）555-5555|tw@somedomain.com
Administrative Assistant
Four years of experience providing top-notch support to VPs, directors and managers
●Administrative: Adeptly handle administrative matters including screening calls, managing calendars, planning meeting, making travel arrangements, composing documents and organizing offices for efficiency.
●Communications: Interact professionally with all levels of staff and maintain the highest level of confidentiality, known for tact and diplomacy in handling sensitive issues.
●Computers: Considered a "power user" of Microsoft Office; quickly learn and master new technology.
EXPERIENCE
ABC COMPANY-Sometown, OR
Administrative Assistant, 2009 to Present
Provide administrative support to the investment banking group VP and five of her department directors. Answer telephones and promptly and courteously assist clients and employees throughout the organization. Maintain calendars, coordinating extensive appointments, meetings and domestic/international travel.
●Office Management: Overhauled recordkeeping system from manual to computer-based, creating a user-friendly and systematic information management system and reducing data-retrieval time.
●Travel Logistics Management: Coordinate a busy travel calendar that includes six international symposiums annually, ensuring all events are successfully executed.
●Customer Relationship Management: Tapped into the power of PeopleSoft CRM Analytics to track the effectiveness of leads, marketing initiatives and revenues. Generated reports that assisted upper management with decision making and were distributed to 200+ employees departmentwide.
TEMPORARY AGENCY ASSIGNMENTS-Sometown, OR
Administrative Assistant, 2008 to 2009
Assigned by DEF Temporary Agency and GHI Temporary Agency to serve in administrative support roles for clients in investor relations, high tech, healthcare and real estate sectors.
●Hit the Ground Running: Learned organizational processes, policies and procedures with minimal ramp-up time. Successfully completed administrative assignments for ABC Co., JKL Co., MNO Co. and PQR Co.
●Service Focus: Adapted to diverse work styles and consistently provided friendly, personable service.
●Excellent Performance: Offered full-time position at the conclusion of temporary assignment at ABC Co.
EDUCATION
ABC TRAINING ACADEMY-Sometown, OR
Certificate in Office Management, 2009
Completed 45-credit certificate program. Focused on business data processing, software applications, basic accounting, business communications and business law.

Which of the following is NOT included in the Office Management program in ABC Training Academy?

A.business data processing
B.software applications
C.advanced accounting
D.business law