question 3
A.High.
B.Reasonable.
C.Competitive
D.Favorable.
A.High.
B.Reasonable.
C.Competitive
D.Favorable.
Charles operates a retail business in London. On 30 June 2003, there was a fire in his store. His books of account and most of his stock were destroyed. The value of the undamaged stock was agreed at $5,000.
His Trading Account for the year ended 31 December 2002 was as follows:
$ $
Sales 492,000
Opening stock 31,000
Purchases 154,000
185,000
Less: Closing stock 37,400
Gross profit 147,600 344,400
On 1 January 2003, his trade creditors totaled $15,000 and monthly statements received by him in early July showed that the trade creditors on 30 June 2003 amounted to $31,000.
All sales in Charles' business are on a strict cash basis and his stock is fully insured. According to his bank statements, he received $270,000 from customers and paid $69,000 to suppliers between I January and 30 June 2003.
Charles informs you that he increased his selling prices by 20% on 1 January 2003 but purchase prices have remained unchanged for several years.
Required:
Calculate the cost of the stock lost by Charles on 30 June 2003.
"Rachel Lake is evaluating the potential for bond prices to change given the market discount rate. She derives the following conclusions: Conclusion 1: The convexity effect can be observed as the tendency for bond prices to increase when market discount rates decrease. Conclusion 2: For two bonds offering an identical coupon rate, the maturity effect results in the longer-term bond being more price-sensitive than a shorter-term bond when the change in market discount rates is identical. Lake is most likely correct with respect to:
A、conclusion 1 only.
B、conclusion 2 only.
C、both the conclusions.
D、空
A plastics monopolist faces the demand curve P=180 - Q, where Q is measured in thousands of pounds per year and P is measured in dollars per pound. Marginal cost is constant at MC=$60 per pound.
(a)Find the monopolist's profit-maximizing price and quantity.
(b)What is the elasticity of demand at the profit-maximizing price?
B.Design a new generation of mobile phones.
C.Set up a mobile phone network on the moon.
D.Gather data from the moon with a tiny devic
E.
Listen to the passage and fill in the blanks with the words you hear. Dear Sirs, We have your name and address from your chamber of commerce stationed in Beijing and wish to introduce ourselves in the hope of entering into direct 1) with your company. The products we are dealing in for over 10 years are electrical appliances. We are in a good position to serve our customers with the most reliable quality and 2) . To give you a general idea of the scope of our business activities, we 3) a complete set of booklets showing the full range of our products. Our bankers are the bank of Tokyo, Japan. They can provide you with the information of our 4) . We are looking forward to your 5) . Yours faithfully, Zhang Wei Sales Manager
为了保护您的账号安全,请在“简答题”公众号进行验证,点击“官网服务”-“账号验证”后输入验证码“”完成验证,验证成功后方可继续查看答案!