FECTE xercises1（4）

会计考友

　　82. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
　　A. Confirmed irrevocable documentary credit
5 F" P5 _  {8 y  ]! G$ W4 A　　B. Open account
1 F3 J& i% W: H8 C' f/ |1 K! z4 C) n　　C. Documentary collection D/A
. x1 y7 S0 o  i' K. {- |/ \- v# G　　D. None of the above
0 T9 V, I7 S. P) K　　83. ABC Co. Ltd. purchased a car for $ 12 000， making a down payment of $5 000 cash and signing a $7 000 note payable due in 60 days. Which of the following is not correct？ ______.
0 P: j; U0 [& ?! H4 m2 L* f* ?　　A. From the viewpoint of a short-term creditor， this transaction makes the business less solvent
  y, ^$ X0 s# D2 ^$ T　　B. Total liabilities increased by $7 000
　　C. Total assets increased by $12 000
) @! k; [( E5 e" k# p- d5 `) Y+ X　　D. This transaction had no immediate effect on the owner’s equity in the business
　　84. Which of the following terms of payment will entirely eliminate country risk？ ______.
　　A. Revocable documentary credits
　　B. Confirmed Irrevocable documentary credits
, g" @! l/ e  q; A4 w　　C. Documentary collection D/P
　　D. Documentary collection D/A
. D0 P' d& A; P, ?　　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？______.
; b2 R6 a8 X  U6 \5 p  ?8 e) k2 k% ~　　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
1 V0 X# U) @& v& _" F' ]# g　　C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February
& N7 k/ _" A7 K/ E　　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？ ______.
; }0 z( [" Y" a) F* c3 M! f　　A. 15% and 26%
　　B. 24% and 13%
$ c2 k& Q, }& Q' J0 _9 g) |3 Z' J* S　　C. 20% and 4%
　　D. 28% and 8%
　　87. Who makes the first presentation of documents under a transferable credit？ ______.
　　A. Applicant
　　B. First beneficiary
' ]' f* ~3 E, t9 A+ f4 I4 S　　C. Second beneficiary
　　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 ______.
　　A. repayment of a $ 10 000 bank loan
( f/ N* I  h5 r/ V　　B. an asset with a cost of $10000 was destroyed by fire
5 a, a, T6 r1 I' D( {　　C. purchase of a delivery truck for $10 000 cash
/ m& |- o# b' ?2 t　　D. collection of a $10 000 account receivable