问答题Suppose QD=100-2P, and QS=-50+3P. (a)What is the original market equilibrium price and quantity? (b)The government imposes a tax of ＄1 per unit. Compute the after-tax equilibrium. What are the new equilibrium price and quantity? How much revenue does the government collect?

问答题TheassetsandliabilitiesoftheMusicClubon1January2002wereasfollows:＄Clubhouse1,375,000MusicEquipment(Cost)300,000MusicEquipment(BookValue)175,000Bank&Cash533,500BarStock145,500BarDebtors15,500RatesPrepaid34,000Subscriptions-inArrear5,500Subscriptions-inAdvance23,500BarCreditor63,500LoantoClub540,000Accruals-Electricity19,000Accruals-MiscellaneousExpenses37,500Accruals-LoanInterest16,500Accruals-RentofMusicGround11,000Thereceiptsandpaymentsaccountfortheyearended31December2001shownbelowwaspreparedbythehonorarytreasurers.{{B}}Receipts{{/B}}＄＄BarSales2,015,000Telephone2,000HireofMusicFacilities890,000ChristmasParty88,500Miscellaneous43,000Subscriptions{{U}}170,000{{/U}}3,208,500{{B}}Payments{{/B}}BarPurchases1,468,500LoanRepayment85,000RentofMusicGround49,000Rates160,000Electricity153,000EquipmentRepairs163,000ExpensesofChristmasParty33,500Maintenance66,500Wages70,000Telephone6,500BarSundries72,000LoanInterest48,500Miscellaneous{{U}}81,500{{/U}}{{U}}2,457,000{{/U}}IncreaseinBank751,500BankBalance1January2002{{U}}533,500{{/U}}BankBalance31December2002AdditionalInformation:(1)Balanceson31December2002＄BarStock197,000BarDebtors25,000BarCreditors150,500MusicGroundRentPrepaid8,000ElectricityOwing17,500Subscriptions-InArrear9,500Subscriptions-inAdvance30,000RatesPrepaid38,000(2)Includedinsubscriptionsinarrearson31December2002is＄2,500,whichhasbeenoutstandingfor5years,andthemanagementcommitteewishtowriteoffasabaddebt.(3)Depreciationistobeprovidedatthefollowingrates:Clubhouse5%byreducingbalancemethodMusicEquipment5%bystraightlinemethod(4)Incorrectlyincludedinrepairstoequipmentwas＄100,000forthepurchaseofafullsetofweighttrainingequipmentwhichwasinstalledintheclubhouseinJanuary2002,andwhichhasanestimatedlifeof10years.Required:PreparetheClub'sIncomeandExpenditureAccountfortheyearended31December2002.

问答题贷款损失储备金

问答题(1) State the difference between a documentary credit and a documentary collection. (2) Why is a documentary credit arrangement important to an exporter? (3) What is the difference between a revocable credit and an irrevocable credit?

问答题The following ledger balances are extracted from the books of White Trading Company as at 31 December 2003: ＄ Bad debts 750 Bank overdraft 1,650 Capital 100,000 Carriage inwards 3,500 Carriage outwards 1,400 Creditors 18,500 Debenture interest 900 Debtors 12,500 Discounts allowed 1,300 Discounts received 1,500 Drawings 24,900 Equipment (at cost) 150,000 Insurance 1,000 Lighting 5,000 Motor Van 40,000 Provision for bad debts 1,100 Provision for depreciation —Equipment 90,000 —Motor Van 18,000 Purchases 1,000,000 Rent & rates 110,000 Salaries and wages 210,000 Sales 1,400,000 Stock 1 January 2003 90,000 Returns inwards 13,000 Returns outwards 13,500 9% 1998-2008 10-year Debenture 20,000 Additional information relevant to the year ended 31 December 2003 is as follows: 1. Closing stock at 31 December 2003 ＄115,000 2. Accrued wages ＄20,000 3. Prepaid insurance ＄200 4. Outstanding telephone bill ＄200 5. Outstanding rent ＄10,000 6. Removal expenses of ＄950 are still outstanding because of dispute and they have not yet been entered into the accounting records. 7. The depreciation policy is: (a)Equipment reducing balance method at 5% p.a (b)Motor Van: 25% p.a on cost 8. It is a policy to make a provision for bad debts at 4% of outstanding debtors on the balance sheet date. Required: Prepare the Trading and Profit and Loss Account for the year ended 31 December 2003.

问答题Before extending a loan, a commercial bank shall conduct strict examination of its purpose, the capability of the borrower and form of repayment as well as other relevant matters.

问答题The world producer price for baseballs is ＄24 per dozen, and almost all of them are produced outside the U.S. Suppose the U.S demand curve is QD=100,000-2,000P, where P is price per dozen, and Q is measured in dozens. The U. S domestic supply curve is QS=-10,000 + 1,000P.(a) Before a tariff is imposed, what is the U. S equilibrium price? Domestic consumption? Domestic production? Imports?(b)Congress has decided to help the baseball manufacturing industry for national security reasons, and it imposes a tariff of ＄6 per dozen. What are the new equilibrium price, domestic consumption, domestic production, and imports?

问答题How many factors to explain the reserve holdings?

问答题You work as an accountant for an electric equipment producer. You delivered two orders to one customer on 10 December 1996 and 20 January 1997 respectively, but haven't received any payment yet. The customer has been sent two detailed statements each after 20 days of delivery. So you are sending him one more in a letter form. Write a letter about 100-120 words advising your customer to settle his accounts as soon as possible.

问答题Money market mutual funds

问答题What is Concept of Trust Market？And what the composition of it is?

问答题What is the monetary base?

问答题The primary statements of a company include the balance sheet, the income statement and the statement of the flow.

Directions: On November 17, 2008, STANDARD CHARTERED BANK, Hong Kong sends a Credit Advice to Bank of China, Guangzhou Branch informing that they have credited Guangzhou Branch's a/c with USD21, 780.00 being reimbursement of their negotiation under Ref. No. BP42A94094 and charges of USD220. Now complete the Credit Advice by filling in the missing items. STANDARD CHARTERED BANK Hong Kong Office CREDIT ADVICE Name: {{U}}(1) {{/U}} Date: {{U}}(2) {{/U}} No. 100017 - 03011 Address: 91 Changdi Rd, Guangzhou,　　　　　　Guangdong Province 510120　　　　　　China Particulars : {{U}}(3) {{/U}} Total Amount: {{U}}(4) {{/U}} {{U}} (5) {{/U}} ( ) We have credited your account ( ) Please debit our account ( ) We enclose herewith our Cashier's Order/Demand Draft ( ) We have credited settle, bank a/c in your favor Authorized Signature: {{U}}(6) {{/U}}

Directions: Read the following passage and fill in the blanks with its contents. As per the terms and conditions of the Contract No. 123, the payment is to be made by a documentary credit. Now, at the request of the importer, Mr. Houston & His Son, COTOBAML M. A. Hereby issues a documentary credit No. 56789 in favor of China National Chemicals Imp. ＆ Exp. Corp, 56 Dongnanmen street, Beijing, to the extent of USD 56,700.00 on May 23, 2008. On June 1,2008 the exporter shipped the relative goods and drew a draft on the issuing bank, asking him to pay the credit amount at 60 days after sight of the draft, the draft was authorized to be signed by the corporate staff, Grace Peter. Bill of Exchange NO. 123 Dated {{U}}(1) {{/U}}. Exchange for {{U}}(2) {{/U}}. At {{U}}(3) {{/U}} days after sight of this FIRST of Exchange (Second of exchange being unpaid) Pay to the order of {{U}}(4) {{/U}}. The sum of {{U}}(5) {{/U}}. Drawn under L/C No. {{U}}(6) {{/U}} . dated {{U}}(7) {{/U}}. Issued by {{U}}(8) {{/U}}. Value received and charged the same amount to TO {{U}}(9) {{/U}}.　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　{{U}} (10) {{/U}}

Directions:Describetheproceduresofaccountsreceivablefinancingaccordingtothenumbersgiveninthefollowingcharter.

Directions:Describetheproceduresofsuppliercreditaccordingtothenumbersgiveninthefollowingcharter.

Directions:Describetheproceduresofbanker'sacceptanceaccordingtothenumbersgiveninthefollowingcharter.