Assume that the exchange rate of US dollars to euros is $1.80 to 1 euro. How much would a US company gain or lose if the company has a 10,000 euro receivable and the exchange rate went to $1.75 to 1 euro?

1 .Jan Corp. amended its defined benefit pension plan on January 1. Granting a total credit of USD 100,000 to four employees for services rendered prior to the plan’s adoption. The employees, A,B,C and D, are expected to retire from company as follows.A will retire after three years B and C will retire after five yearsD will retire after seven years

A USD 0 B USD 20,000 C USD 25,000 D USD 5,000

题型: 单选题 提问时间: 2021-08-24

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2 .What type of unemployment is shown when individuals do not have the qualifications or skills necessary to fill available jobs?

A Natural. B Cyclical. C Structural. D Frictional.

题型: 单选题 提问时间: 2021-08-24

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3 .Webb Co. a publicly traded company, implemented a defined benefit pension plan for its employees on January 1, year 1. During year 1 and year 2, Webb’s contributions fully funded the plan. The following data are provided for year 4 and year 3. Year 15 Estimated Year 14 Actual Projected benefit obligation,December 31 USD 750,000 USD 700,000 Accumulated benefit obligation,December 31 520,000 500,000Pension asset at fair value, December 31 675,000 600,000Projected benefit obligation in excess Of pension plan December 31 75,000 100,000Pension expense 90,000 50,000What amount should Webb report as a pension liability in its December 31, year 15 balance sheet?

A USD 50,000 B USD 60,000 C USD 75,000 D USD 100,000

题型: 单选题 提问时间: 2021-08-24

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4 .As the price for a particular product changes, the quantity of the product demanded changes according to the following schedule. Total quantity demanded Price per unit $50 100 45 150 40 200 35 225 30 230 25 232 Using the arc method, the price elasticity of demand for this product when the price decreases from $50to $45 is

A 0.20 B 0.88 C 10.00 D 5.00

题型: 单选题 提问时间: 2021-08-24

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5 .No deferred tax asset was recognized in the year 1 financial statements by the Chaise company when a loss from discontinued segments was carried forward for tax purpose. Chaise had no temporary differences. The tax benefit of the loss carried forward reduced current tax payable on year 2 continuing operations. The year 2 income statement would include the tax benefit from loss brought forward in .

A Extraordinary Gains B Gains or loss from discontinued segments C Cumulative effect of accounting change D Income from continuing operation

题型: 单选题 提问时间: 2021-08-24

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7 .Pine Corp’s books showed pretax income of USD 800,000 for the year ended December 31, year 1. In the computation of federal income taxes, the following data were considered.Gain on an involuntary conversion of Pine has elected to replace the property within the statutory period using total tax proceeds USD 350,000Depreciation deducted for the tax purpose in excess of depreciation deducted for book purposes. USD 50,000Federal estimated tax payments USD 70,000Enacted federal tax rates, year 1. 30%What amount should Pine report as its current federal income tax liability on its December 31, year1 tax liability on its December 31, year 1 balance sheet?

A USD 50,000 B USD 65,000 C USD 120,000 D USD 135,000

题型: 单选题 提问时间: 2021-08-24

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8 .Which of the following is a defining characteristic of supply chain management?

A Focuses on the sharing of information with suppliers and customers. B Focuses on redesigning processes. C Focuses on improving quality. D Focuses on strategic alliances.

题型: 单选题 提问时间: 2021-08-24

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9 .Godart Co. issued USD 4,500,000 notes payable as a scrip dividend that matured in five years. At maturity, each shareholder of Godart's three million shares will receive payment of the note principal plus interest. The annual interest rate was 10%. What amount should be paid to the stockholders at the end of the fifth year?

A USD 6,750,000 B USD 2,250,000 C USD 450,000 D USD 4,500,000

题型: 单选题 提问时间: 2021-08-24

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10 .If the income elasticity of demand coefficient for a particular product is 3.00, the good is likely

A A luxury good. B A complementary good. C An inferior good. D A necessity.

题型: 单选题 提问时间: 2021-08-24

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