82. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
* i7 Q! O( I4 O5 q) X; j d A. Confirmed irrevocable documentary credit9 h& s& ?. R+ N: } N) d0 U* w' y
B. Open account2 v8 O) r6 [% \+ l: O0 H2 X
C. Documentary collection D/A
& ]3 E, l# u- {$ ` D. None of the above
( C2 P2 x8 e$ a- p 83. ABC Co. Ltd. purchased a car for $ 12 000， making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct？ ______.' r- E. x, _4 z. s
A. From the viewpoint of a short-term creditor， this transaction makes the business less solvent
& F9 P- a. T3 `! s3 K B. Total liabilities increased by $7 0002 N9 o3 a" S+ T$ p
C. Total assets increased by $12 000
* ^* B* b) R& Y a2 l: n D. This transaction had no immediate effect on the owner’s equity in the business
$ g: k$ e x6 X2 F 84. Which of the following terms of payment will entirely eliminate country risk？ ______., f. Z( b" w( i7 J
A. Revocable documentary credits7 c+ R( Y3 s* k& n" ]8 G
B. Confirmed Irrevocable documentary credits, k' I% Q/ Y. _: C
C. Documentary collection D/P2 i" a6 ?; _( B
D. Documentary collection D/A+ t: v0 q8 \2 T2 P% f, X
85. The expiry date of a documentary credit is Sunday， 24 February， and documents have to be A presented to you. Which of the following is an acceptable presentation？______. c X. X( x$ _) ^8 L0 R3 N
A. Presentation to you on Monday 25 February with the bill of lading dated 25 February
) R/ I ^+ N O1 c B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February8 F% L# g: {* |0 Y
C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
6 [3 p- S8 _) G% f D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January1 D# ?9 c$ G6 g+ z3 j8 ~6 z8 _
86. What are the standard deviations of returns on Stocks X and Y respectively？ ______.7 L' e* N1 O% Z* Q% Z& I8 d5 ~
A. 15% and 26%$ w8 b1 h! s& x% Y d2 b; c
B. 24% and 13% C+ u% Q. e2 u7 T2 m) f) X* I
C. 20% and 4%. M3 Z* Y( b: ~7 T4 _: d
D. 28% and 8%$ ?+ G& _0 H7 Z
87. Who makes the first presentation of documents under a transferable credit？ ______.: w& C- y, @& }! g" v4 G
A. Applicant
- R) u% G1 A# g6 R) a' f' c B. First beneficiary
; d. G5 `9 U( i& Y6 Y/ n$ A6 H5 C C. Second beneficiary
, r6 B! f( ~% G1 ]1 E D. None of the above1 A" {$ E2 X) F' ]3 Y* |/ [
88. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.0 s3 X- [8 V+ S9 }& _
A. repayment of a $ 10 000 bank loan* r9 ?, h) |$ t/ V
B. an asset with a cost of $10000 was destroyed by fire5 I8 n# a5 ]& n8 O
C. purchase of a delivery truck for $10 000 cash
( @9 T2 t& |. i7 z" j D. collection of a $10 000 account receivable |
发表于 2012-8-16 08:05:44
