单选题A repurchase agreement is a transaction in which ______.

单选题A “relevant cost” is

单选题Alerting the authorities would be justified if tile fraud is likely to result in a ______ gain or loss for any one person or group of people.

单选题A ______ that bears repeating is that the test of a dealer is not the ability to make profit but the ability to take losses early rather than hang on mail too late.

单选题A rise in interest rate will cause ______. A. an increase in borrowing and a slowing - down of credit creation B. a decrease in borrowing and an increase in credit creation C. an increase in borrowing and an increase in credit creation D. a decrease in borrowing and a decrease in credit creation

单选题As at 31 December Year 8, Sam Ltd's cash book showed a debit balance of ＄1,055, although he had an overdraft of ＄3,511. The discrepancy is due to the following: —Bank interest of ＄10 had been included in the bank statement, but was not recorded in the cash book. —A cheque for ＄2,300 was banked on 28 December and correctly entered in the cash book. Unfortunately the customer had forgotten to sign the cheque and it was subsequently dishonored and returned by the bank on 31 December. The book-keeper recorded the return in the cash book on 3 January Year 9. —The bank had incorrectly deducted ＄907 from Sam's account for a cheque drawn by May. —A refund of ＄85 received from a supplier and banked on 2 October had been recorded in the cash book as a receipt of ＄58. —A cheque for ＄450 issued on 29 December as a refund to a customer had been recorded as a receipt in the cash book. It has not been presented for payment by 31 December. —The book-keeper had intended to desposit ＄2,750 in the bank on 31 December and therefore recorded it as a receipt in the cash book on that date. Due to a delay, the amount was not banked until 3 January Year 9. —An amount of ＄350 paid directly into the bank by a customer had not been recorded in the cash book. —The cash book receipts had been undercast by ＄800. Required: (a)Calculate the corrected cash book balance on 31 December Year 8. (b)Prepare a bank reconciliation statement for Sam showing the bank overdraft which appeared on his bank statement on that date.

单选题It would be very risky ff a large percentage of bank capital is extended to a company with highly- leveraged transactions.

单选题Forwards are traded over - the - counter and can be ______ to suit buyers' needs.

单选题The following information was extracted from the ledgers of Billy Company for its products for the year ended 31 December 2002: ＄ Sales (100,000 units) 500,000 Direct materials 100,000 Direct wages 70,000 Fixed production overheads 110,000 Variable production overheads 20,000 Administration expenses (60% fixed, 40% variable) 80,000 Selling expenses (60% fixed, 40% variable) 130,000 Required: (a)Prepare the Profit and Loss Statement by using Absorption Cost method. (b)Prepare the Profit and Loss Statement by using Marginal Cost method.

单选题Under normal circumstances, the auditor's first step would be to alert the client's management to the existence of ______.

单选题Which of the following does not belong to the category of fixed costs?

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.

单选题An international sales transaction ______.

单选题A company that has the use of a vehicle upon payment of a sum of money on a regular basis over a long period of time is using the finance service of ______. A. factoring B. hire purchase C. leasing D. installment credit

单选题The cost-volume-profit (C-V-P) analysis can be used in making decisions about ______ and so on. A. selling prices B. production volume C. levels of discretionary fixed costs D. all the three above

单选题The World Bank's efforts to direct its hard loans to private enterprise have created a record of decades of ______ lending.

单选题Acts of a bill of exchange are some essential legal acts taken for the purpose of ______ the debt in the draft.

单选题{{B}}Passage Two{{/B}}

单选题The buyer has to pay the seller fully in advance in this ease.

单选题Tom cannot tell the difference between Coke and Pepsi. For Tom, these goods are ______. (a) perfect substitutes. (b) perfect complements. (c) necessities. (d) None of the above.