问答题Window instruction

问答题The advent of Web based commerce has added new layers of complexity and unpredictability to the worlds of commercial and retail banking, investment banking, back-end processors and front-end financial software providers.

问答题ThesummaryBalanceSheetofBillyTradingCompanyon1April2003wasasfollows:＄Equipment(atcost)180,000Less:Provisionfordepreciation(68,400)Stock38,600Debtors{{U}}50,000{{/U}}TotalassetsFinancedby:ShareCapital70,000RevenueReserves50,00010%debentures70,000Proposeddividends2,200Bankoverdraft8,000Additionalinformation:1.Thefollowingsales,purchasesandpaymenttransactionsareexpectedtooccurinthenextthreemonths:SalesPurchasesExpenses＄＄＄April360,000180,00060,000May370,000200,00070,000June360,000190,00080,0002.Allsalesareoncreditbasisandthecollectionpatternisexpectedasfollows:(a)80%ofthemoneywillbecollectedinthemonthofsales.Itisestimatedthat5%cashdiscountwillbegivenforcollectionsinthisperiod.(b)Theremaining20%ofthemoneywillbecollectedinthemonthsubsequenttosales.3.Paymenttocreditorsismadeinthemonthofpurchasesinordertotaketheadvantageof10%discountwhichiscalculatedonthegrosspurchasefigures.4.Depreciationoftideequipmentiscalculatedatarateof15%perannumoncost.DepreciationchargeshavebeenincludedintheestimationofexpensesforeachmonthfromApriltoJune2003.5.Expensesarepaidinthemonthinwhichtheyareincurred.6.Stocklevelsareexpectedtoremainunchangedthroughouttheperiod.7.TheproposeddividendwillbepaidinMay2003.8.ThedebenturesinterestforthethreemonthswillbepaidinJuly2003.Required:(a)PrepareaBudgetedProfitandLossAccountforthethreemonthsended30June2003.(b)PrepareaCashBudgetforeachofthethreemonthsfromApriltoJune2003.(c)PrepareaBudgetedBalanceSheetasat30June2003.

问答题Corporate tax rate at 16% should be provided for in the accounts. Required: Prepare a Trading and Profit and Loss Account for the company for the year ended 31 December 2001 and a Balance Sheet of the company as at that date.

问答题What is the significance of Hongkong Inter-bank Offered Rate?

问答题The PBC undertakes to formulate and implement monetary policy; issue currency and regulate its circulation; manage the official international reserves; supervise monetary markets, manage the state foreign exchange market and gold reserves market; act as fiscal agent; provide payment and settlement services; and participate in international financial cooperation on behalf of the state.

问答题What is Common Stock？

问答题Prepare a Trading and Profit and Loss Account for Mr Lee for the year ended 31.1.01 and a Balance Sheet as at that date.

问答题J-curve effect

问答题Explain the Mechanism of Money Supply.

问答题How do the Commercial Banks create the Money?

问答题The New Basle Capital Accord is more extensive and complex than the 1988 Basle Accord, which is a natural reflection of the advancement and innovations in the financial marketplace and the need for a more risk -sensitive framework.

问答题Surveillance

问答题The first phase of restructuring aims at making them profit-driven entities with sound internal controls, internationally compatible prudential accounting rules, well-designed incentive structures and appropriate disclosure standards.

问答题Fiat money

问答题衍生产品市场

问答题China will continue to pursue a sound monetary policy, and seek refinements in the conduct of monetary policy by relying mainly on indirect policy instruments. First, open market operations will be expanded, and tile quality of the relevant decision - making will be improved to optimize the timing and scale of open market transactions. Transaction frequency will be increased and fine - turning measures will be taken as the occasion warrants.

问答题Although capital market development is expected to speed up, bank's in China, which currently provide about 75 percent of aggregate financing in the economy, are likely to continue playing a dominant role in financing economic and technological development as well as the economic reform in the foreseeable future.

问答题Drafts are usually valid for 6 months. This draft expires on Nov. 10. It is the first of November. I’m not sure whether the draft can reach the paying bank at the maturity date.