交易成本（Transactions Costs)与沉没成本（Sunk Cost)

交易成本(Transactions Costs)与沉没成本(Sunk Cost)

Why are the transactions in many banks claimed to be safe？

A．Because they are handled by computers.

B．Because humans are not allowed to operate computers.

C．Because there are no mistakes whatever.

D．Because computers do not steal money.

Why are the transactions in many banks claimed to be safe？

A．Because they are handled by computers.

B．Because humans are not allowed to operate computers.

C．Because there are no mistakes what so ever.

D．Because computers do not steal money.

The immediate consequence of the new capitalists’ practice is ________.

A) loss of corporate reputation

B) lower pay for the employees

C) a higher rate of unemployment

D) a decline in business transactions

$2 million of goods to Jarvis Co, of which 40% were still held in inventory by Jarvis at the year end. McLintock Co applies a mark-up of 25% on all goods sold.What effect would the above transactions have on group inventory at 31 December 20X4？

A、Debit group inventory $48,000

B、Debit group inventory $160,000

C、Credit group inventory $48,000

D、No effect on group inventory

ector, has given you the following of transactions for the month of April 20X1. Sales Invoice/transaction date Inv No. $ 01.04.X1 001 2,000 04.04.X1 002 3,000 01.05.X1 003 1,500 Purchases Invoice/transaction date Inv No. $ 05.04.X1 X123 950 10.04.X1 000999 3,500 The profit for HTX Co for April 20X1 under the accruals basis of accounting is $_________.

e 2. Payment of $250 to J Doe in respect of an invoice for goods purchased last month What are the correct ledger entries to record these transactions？

A、Dr Cash $650 Cr Purchases $650

B、Dr Purchases $650 Cr Cash $650

C、Dr Purchases $400 Dr Trade Payables $250 Cr Cash $650

D、Dr Cash $650 Cr Trade Payables $250 Cr Purchases $400

Ms Huang, a shareholder of the Daqing Limited Liability Company (Daqing), found that the general manager, Mr Ding, had accepted bribes from several suppliers, which materially caused losses to Daqing, and adversely affected the interests of all shareholders.

Further examination, through a Certified Public Accountant firm, disclosed that there were a lot of affiliated transactions between Daqing and Everbright Co, which was the majority shareholder of Daqing. Mr Ding was recommended by Everbright Co and appointed by Daqing’s board of directors, which was substantially influenced by Everbright Co. With a series of such transactions Daqing transferred huge profits to Everbright Co and adversely affected Daqing.

Required:

(a) State whether Ms Huang was entitled to take legal action against Mr Ding for his illegal behaviour of accepting bribes which adversely affected all the shareholders. (2 marks)

(b) State TWO different legal actions Ms Huang was entitled to take to protect the rights of Daqing and its shareholders due to the affiliated transactions with Everbright Co. (4 marks)

t of 5% for payment within 14 days. At the time of the sale, you expect PQ to take up the settlement discount. The invoice was settled by cheque five days later. Which one of the following gives the entries required to record BOTH of these transactions？ DEBIT CREDIT $ $

A、PQ Co 608 Sales 608 Bank 608 PQ Co 608

B、PQ Co 640 Sales 640 Bank 640 PQ Co 640

C、PQ Co 608 Sales 608 Bank 640 PQ Co 608 Sales 32

D、PQ Co 640 Sales 640 Bank 608 Sales 32 PQ Co 640

2. Return of goods purchased on credit last month to T Rouble: $700 What are the correct ledger entries to record these transactions？

A、Dr Purchases $450 Dr Purchase Returns $700 Cr Cash $450 Cr Trade Payables $700

B、Dr Purchases $450 Dr Trade Payables $700 Cr Purchase Returns $1,150

C、Dr Purchases $450 Dr Trade Payables $250 Cr Purchase Returns $700

D、、 Dr Purchase Returns $700 Dr Purchases $450 Cr Trade Payables $1,150