单选题Company A and Company B are identical in every way except their capital structure. 　　Each firm can borrow at 10% and each is taxed at 40%. 　　 Company A Company B 　　Assets 1000 1000 　　Equity 600 1000 　　Debt 400 100 　　EBIT 100 100 　　Which firm had the higher Net Income? Which firm had the higher ROE? ()

单选题Preferred stockholders hold a claim on assets that enjoys priority over the claims of common stockholders and bondholders.

单选题If the marginal rate of technological substitution (MRTS) is more than the price ratio of labor over capital (w/r), then to minimize cost the firm should ______ the input of capital and ______ the input of labor. (a)increase, decrease (b)decrease, increase (c)decrease, decrease (d)increase, increase

单选题"Mirror accounts" mean ______.

单选题Which of the following is not a characteristic of the accounting for non-trading organizations? (a)They normally provide Receipts and Payments Accounts. (b)They have Accumulated Fund, which is more or less the same as capital. (c)It is more common to keep all records on a single entry basis. (d)They must keep books on a double-entry system.

单选题Suppose the economy is running at the level of potential GDP, an increase in government spending in the long run will ______ the price level and ______ the output level. (a)increase, not change (b)increase, increase (c)increase, decrease (d)decrease, increase

单选题 Directions: In this section, you will hear three short passages. At the end of each passage, you will hear some questions. The passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the four choices marked A, B, C and D. Then mark the corresponding letter on the ANSWER SHEET with a single line through the center.{{B}}Passage One{{/B}}

单选题A credit can be negotiated by ______.

单选题In non - recourse factoring, the balance of undrawn funds still held by the factor is carried as ______.

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单选题The maker of a promissory note premises to pay the holder at a future date on some conditions.

单选题Assuming Zeller intends to take positions in all four of the stocks discussed above, how many should he sell short? ()

单选题{{B}}Passage Two{{/B}} The primary justification tot banking supervision is to limit the risk of loss to depositors, and by so doing to maintain public confidence in banks. And while supervision naturally focuses on the individual bank, supervisors must also be alert to the possibility that problems in one institution may have wider, systemic repercussions on others, or on the integrity of the payments system.

单选题She ______ 10 000 to charity in her will. A. audited B. settled C. bequeathed

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单选题The BIS is the central bankers' central bank. It is very discreet, and very influential. It was founded in 1930 to act as a trustee for the loans associated with the Young Plan for Germany Reparations. The first members of the bank were the central banks of Belgium, France, Germany, Italy, Japan and the United Kingdom, together with three private U. S. banks. The Federal Reserve Bank subsequently became a member alone with all the major European central banks. Current membership consists of 30 central banks, of which 25 are European plus the United States, Canada, Australia, and South Africa. (The BIS was unique in having Alhania and South Africa as co-member. ) The board of directors is composed of the governors of the central banks of Belgium, France, Germany, Italy, and the United Kingdom, together with co-opted directors from among the governors of those member central banks that do not have a representative on the board. The BIS has three main functions. It acts as a bank, primarily as a central bankers' bank; it acts as a gathering place for central hankers, a vehicle for international monetary cooperation; and it acts as trustee for various international loans. The BIS's role as an intermediary provides a number of advantages to other central banks. The first is anonymity : sometimes it is not convenient for a central bank to be seen to withdraw its funds from the market. The second is risk spreading: a deposit with the BIS is very safe since the bank is highly liquid. Finally, deposits placed with the BIS can usually be withdrawn at very short notice.

单选题A check that can be signed over to a third party is ______.

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