单选题An important technical issue here is whether deeds to property have been properly ______ with local governmental authorities so that the bank knows for sure who' currently has title to the property.

单选题_____ may make wage demands based on the accounting information that shows their employer' s reported income.

单选题The headline of this passage would be ______ .

单选题{{B}}Passage Two{{/B}} There are five parties concerned with a collection, the customer, the remitting bank, the presenting bank and the drawee. The customer is the principal who entrusts the operation of collecting to his bank, which is the remitting bank. The collecting bank is any bank, other than the remitting bank, involved in processing the collection order, and the presenting bank is the collecting bank making presentation to the drawee--more than one collecting bank may be involved in collecting a bill and it is the bank that actually presents the bill to the drawee for acceptance/payment that is the presenting bank. The drawee is the person specified as the one to whom the financial document and/or commercial documents is to be presented. A collecting bank must be sent a collection order with the documents concerned, and this must give complete and concise instructions. It will in fact incorporate, all the instructions contained in the application form. Banks are only permitted to act upon instructions given in such an order and must advise the remitting bank immediate if they can not comply with the instructions contained in the order.

单选题We're paying for the furniture we bought in monthly ______.

单选题A profit and loss statement indicates the company's ______. A. assets and liabilities at a particular point in time B. revenues and expenses for a specific period of time C. financial resources at a particular point in time D. performance at a particular point in time

单选题Internet banking can save banks' resources of human power and capital.

单选题Mr. Ting's net cash inflow from operating activities for the year ending 30 June is＄123,000. The following adjustments were included in the supplementary schedule reconciling cash flow from operating activities with net income: Depreciation ＄38,000 Increase in net accounts receivable 31,000 Decrease inventory 27,000 Increase in accounts payable 48,000 Increase in interest payable 12,000 Net income is ______. (a)＄29,000. (b)＄41,000. (c)＄79,000. (d)＄217,000.

单选题A note receivable is a negotiable instrument, which means it is readily transferable from one business or person to another and may be sold for cash. To get cash quickly, payees sometimes sell a note receivable to another party before the note matures. The payee endorses the note and hands it over to the note purchaser--often a bank--who collects the maturity value of the note at the maturity date. Selling a note receivable before maturity is called discounting a note receivable because the payee of the note receives less than its maturity value. This lower price decreases the amount of interest revenue the payee earns on the note. Giving up some of this interest is the price the payee is willing to pay for the convenience of receiving cash early. Assume that the maturity date of the Dorman note is January 18, 1995 and that General Electric discounts the Dorman note at First City National Bank on December 9, 1994. The discount period--which is the number of days from the date of discounting to the date of maturity (this is the period the bank will hold the note) -- is 40 days; 22 days in December, and 18 days in January. Assume the bank applies a 12 percent annual interest rate in computing the discount value of the note. The bank will want to use a discount rate that is higher than the interest rate on the note in order to increase its earnings. GE may be willing to accept this higher rate in order to get cash quickly. The discounted value, called the proceeds, is the amount that GE receives from the bank. The proceeds are computed as follows: General Electric's entry to record discounting the note is: Dec. 9, 1994cash $ 15 170 Note receivable Dorman Builders $ 15 000 Interest Revenue $ 170 TO RECORD DISCOUNTING NOTE RECEIVABLE At maturity the bank collects 15 375 from the maker of the note, earning 205 of interest revenue. Observe two points in the above computation: (1) The discounting is computed on the maturity value of the note (principal plus interest) rather than on the original principal amount, and (2) the discounting period extends backwards from the maturity date (January 18, 1995) to the date of discounting (December 9, 1994).

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Which of the following is current liability?

单选题Checks are attractive because they are readily accepted and provide formal ______ of payment.

单选题Why is it necessary for banks to maintain adequate liquidity?

单选题Which of the following is not the difference between a transferable credit and a back - to - back credit?

单选题The management of a firm needs to use the results of both financial accounting as well as managerial accounting.

单选题To finance the national debt, the government issues a variety of debt securities. The most widely held liquid security is the Treasury bill, which is commonly issued by the ministry of finance. However, some Treasury bills, like the Treasury bill of the U.S. government, do not actually pay interest. Instead they are issued at a discount from par ( their value at maturity) . The investor's yield comes from the increase in the value of the security between the time it was purchased and the time it matures. Treasury bills are attractive to investors because they are backed by the government and therefore are virtually free of default risk. Because even if the government ran out of money, it could simply print more to pay them off when they mature. The risk of unexpected changes in inflation is also low because of the short term to maturity. The markets for Treasury bills in most developed countries are deep and liquid. A deep market is one with many different buyers and sellers. A liquid market is one in which securities can he bought and sold quickly and with low transaction costs. Investors in markets that are deep and liquid have little risk that they will not be able to sell their securities when they want to.

单选题Financial markets have grown more ______ since exchange rates were freed in 1973.

单选题A bill of exchange (draft) is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fixed or determinable future time, a stun certain in money, to or to the order of a specified person, or to the bearer. A bill of exchange is either a sight bill or a usance, tenor or term bill. When a bill is payable on demand or at sight, the drawee is required to pay immediately when the bill is presented to him. A bill is payable on demand if it is so specified or if time for payment is not expressed. A bill may be payable within a fixed period after the date of the bill. For example, "pay three months after date..." A bill may be payable within a fixed period after an event which is certain to happen, e.g., "one month after the death of B". A bill may be expressed as being payable within a fixed period after sight. The bill must be, in writing. Therefore, the ordinary rules governing written contracts apply. Oral evidence cannot be admitted to contradict unfulfilled nature or terms of a bill of lading. A bill must be "addressed by one person to another" se that there must be one person as drawer, and another as drawee. It is possible to have one or joint drawees, but not drawees in the alternative, i.e. A and B but not A or B.