FECTExercises1（4）

会计考友

　　82. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
$ U0 i. ?! n# U　　A. Confirmed irrevocable documentary credit
7 `" {- G& D- m5 \2 q　　B. Open account
　　C. Documentary collection D/A
　　D. None of the above
% d) }3 ^- C6 L　　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？ ______.
　　A. From the viewpoint of a short-term creditor， this transaction makes the business less solvent
　　B. Total liabilities increased by $7 000
　　C. Total assets increased by $12 000
　　D. This transaction had no immediate effect on the owner’s equity in the business
  q, h; ]4 |3 \+ c  G6 m　　84. Which of the following terms of payment will entirely eliminate country risk？ ______.
　　A. Revocable documentary credits
  W) w# Y( G* R$ v1 e　　B. Confirmed Irrevocable documentary credits
2 c* i6 F8 x6 P" W　　C. Documentary collection D/P
  U# I5 c4 ~: s6 \　　D. Documentary collection D/A
: T$ J' u: |, v9 H4 i! Q　　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？______.
　　A. Presentation to you on Monday 25 February with the bill of lading dated 25 February
　　B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
& e6 i1 |# I7 ^2 z1 H　　C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
) W: a; x+ A, l4 P1 L( {. Y　　D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January
　　86. What are the standard deviations of returns on Stocks X and Y respectively？ ______.
$ H) p2 Q4 C" B, o# ^6 Z6 c　　A. 15% and 26%
( Q! o" P* ^1 I6 Z　　B. 24% and 13%
3 v  ~2 N( q" w" V' r. v　　C. 20% and 4%
' }6 j+ Z. B- r' m( @' Y1 r　　D. 28% and 8%
; P" s/ {1 N+ d  m- R. O) {　　87. Who makes the first presentation of documents under a transferable credit？ ______.
　　A. Applicant
! n5 ?# P8 R9 w2 r4 a7 s' d　　B. First beneficiary
　　C. Second beneficiary
* q$ V6 Q& t2 f: t7 h　　D. None of the above
　　88. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.
4 R7 O' x' Y, {0 J6 b+ b) e　　A. repayment of a $ 10 000 bank loan
　　B. an asset with a cost of $10000 was destroyed by fire
　　C. purchase of a delivery truck for $10 000 cash
　　D. collection of a $10 000 account receivable