82. Which of the following payment terms eliminates the exchange risk， assuming the exporter invoices in foreign currency？ ______.
8 P8 B2 I2 ] h3 ]9 l A. Confirmed irrevocable documentary credit
! C, f* o# C" P; u B. Open account
: x6 V, ^- t+ b' n! y C. Documentary collection D/A _7 e( G! B4 s2 \- o
D. None of the above Z5 M7 [- R2 ~: P) H$ j
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？ ______.. W+ h& J+ P y" J1 u
A. From the viewpoint of a short-term creditor， this transaction makes the business less solvent
; B0 @: g+ M& `5 Q B. Total liabilities increased by $7 000
H, I d1 A5 U0 B C. Total assets increased by $12 000
6 |0 U$ B& w( X% M5 J D. This transaction had no immediate effect on the owner’s equity in the business! h$ A$ }4 B: X; N
84. Which of the following terms of payment will entirely eliminate country risk？ ______.
W0 s, L: v/ I+ l ` k: J A. Revocable documentary credits
d, c; M2 @9 J* K2 m& X& k B. Confirmed Irrevocable documentary credits
/ n9 g( Z% G& r2 z$ G C. Documentary collection D/P
, E3 `1 {* }& u7 m5 N D. Documentary collection D/A
3 P/ C5 ~. `( b/ W m 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？______.
( p# T8 V/ v0 a0 k5 n: \) m/ k A. Presentation to you on Monday 25 February with the bill of lading dated 25 February; L6 m: }8 U: a, U+ O
B. Presentation on Monday 25 February with the bill of lading dated Sunday 24 February
: p( c" R: u2 H5 L4 E9 ~ C. Presentation on Tuesday 26 February with the bill of lading dated Sunday 24 February# x' H* G: A& T% y/ A; I9 G
D. Presentation on Friday 22 February with the bill of lading dated Sunday 29 January) i- A6 I4 N, r8 Q
86. What are the standard deviations of returns on Stocks X and Y respectively？ ______.
6 Y! {1 ?" w6 [( B& w2 Z1 D A. 15% and 26%
' @1 Z9 i0 C: E) ~2 [" n- o/ z l B. 24% and 13%* F% H* V% o9 j
C. 20% and 4%8 _! X9 H7 R0 y: p
D. 28% and 8%
# y( Y8 t, S) a1 e% L% m 87. Who makes the first presentation of documents under a transferable credit？ ______.
) q6 Q) d; V7 }+ b A. Applicant
1 z# T0 i5 O7 i0 q( N B. First beneficiary' e$ C2 y0 \* S1 ^8 B- X- l/ m+ ^) M# W* B
C. Second beneficiary K0 r, X$ B r
D. None of the above$ q, T+ g6 d) O% v3 R: b/ f
88. A transaction caused a $10 000 decrease in both total assets and total liabilities. This transaction could have been ______.3 Q7 E2 d' Z5 G6 Y7 G$ j
A. repayment of a $ 10 000 bank loan6 u' o6 N g; y0 T
B. an asset with a cost of $10000 was destroyed by fire
9 p, S! l. `: O$ S0 ?4 w6 H6 B: | C. purchase of a delivery truck for $10 000 cash
2 I D" x$ F: y. {* {$ H8 N D. collection of a $10 000 account receivable |
发表于 2012-8-16 08:05:44
