单选题The following costs are relevant to make a decision except ______. (a)differential cost. (b)opportunity cost. (c)historical cost. (d)incremental cost.

单选题ABC Sport acquired equipment at a cost of ＄200,000 on 1 January 2003. The asset was estimated to have a scrap value of ＄20,000 and an estimated useful life of 5 years. If you are the accountant of ABC Sport, please compute the annual depreciation expense for each year respectively. Required: (a)Using straight-line method. (b)Using double-declining-balance method (reducing balance method). (c)Using sum-of-the-years-digits method.

单选题Investors in deep and liquid markets face immense risk that they will not be able to sell their securities when they want to.

单选题Which of the following statements is correct?

单选题The expansionary fiscal policy has ______ (a)lessened the economic recession but increased the government debt. (b)lessened the economic recession and decreased the government debt. (c)worsened inflation but decreased the government debt. (d)lessened inflation but increased the government debt.

单选题A Red Clause Documentary Credit is a Documentary Credit with a special condition incorporated into it that authorizes the Confirming Bank or any other Nominated Bank to make advances to the Beneficiary before presentation of the documents. The clause is incorporated at the specific request of the Applicant, and the wording is de- pendent upon his requirements. The Red Clause Documentary Credit is so called because the clause was originally written in red ink to draw attention to the unique nature of this Documentary Credit. The clause specifies the amount of the advance authorized, which, in some in- stances, may be for the full amount of the Documentary Credit. The Red Clause Documentary Credit is often used as a method of providing the seller with funds prior to shipment. Therefore, it is of value to middlemen and dealers in areas of commerce that require to a form of pre - financing and when a buyer would be willing to make special concessions of this nature. For example, it could be used by a wool importer in England to enable a wool shipper in Australia to obtain funds to pay the actual suppliers (either by direct purchase or through the wool auctions) by obtaining a loan from the Australian bank, either on an unsecured basis or against the security of interim documents. This would enable repayment of the loan, plus interest, from the proceeds due to the Australian Beneficiary when the wool was shipped and documents were presented in accordance with the terms of the Documentary Credit. If, however, the Beneficiary failed to ship the wool so as to repay the loan by presenting documents called for by the Documentary Credit, the Australian bank would have the right to demand repayment, with interest, from the Issuing Bank and that bank would have a similar right of recourse against the Applicant. This kind of arrangement places the onus of final repayment on the applicant, who would be liable for repayment of the advances if the Beneficiary failed to present the documents called for under the Documentary Credit, and who would also be liable for all costs--such as interest or foreign exchange hedging-- incurred by the Issuing Bank, the Confirming Bank, if any, or any other Nominated Bank.

单选题School students paying a lower fare than adults on the MTR trains, or cheaper tickets to the theatre, is an example of: ()

单选题As the institution's loan losses ______ , wary depositors withdrew funds from Penn Square.

单选题 Directions: In this section, you will hear ten short conversations. At the end of each conversation, a question will be asked about what was said. The conversation and question will be spoken only once. During the pause, you must read the four choices marked A, B, C, D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

单选题Unemployment ______ last year and since then has gone down.

单选题Account reconciliation staff should be ______.

单选题A usance bill is a bill ______.

单选题If near money is to be used directly to purchase goods or services,it must be________.

单选题Under UCP a credit is transferable if it is ______.

单选题{{B}}Section One{{/B}} Directions: In this section ,you will hear ten short statements. Each statement will be spoken only once. After each statement, there will be a pause. During the pause, you must read the four suggested answers marked A, B, C and D, and decide which is the best answer. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.

单选题Investment banks are ______. A. banks that specialize in the management of wealthy people's investments B. financial institutions that make loans to corporations C. dealers in primary markets D. none of the above

单选题As far as the beneficiary is concerned the letter of credit which is available by _________ is the least favourable.

单选题______ relates to the liability of the issuing bank, whereas ______ relates to the responsibility of the correspondent bank or other banks. A. "Revocable" or "inrevocable", "unconfirmed" or "confirmed" B. "Cancelled" or "cancellate", "confirmative" or "confirmed" C. "Revocable" or "inrevocable", "confirmative" or "confirmed" D. "Cancelled" or "incancelled", "unconfirmed" or "confirmative/

单选题Which of the following is usually least important as a measure of short - term liquidity? ______. A. Quick ratio B. Current ratio C. Debt ratio D. Cash flows from operating activities