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财务报表分析与运用杰拉尔德课后答案英文版第三章20220807.docx

() is an electronic payment system developed by Dr.David Chaum, who is widely regarded as an inventor of digital cash.

A、DigiCash

B、E-cash

C、A and B

D、A or B


参考答案：D

Cash equivalents( )

A、are illegal in some company

B、will be converted to cash within two years

C、will be converted to cash within 90 days

D、will be converted to cash within 120 days


正确答案:C

24 Sigma’s bank statement shows an overdrawn balance of $38,600 at 30 June 2005. A check against the company’s cash book revealed the following differences:

1 Bank charges of $200 have not been entered in the cash book.

2 Lodgements recorded on 30 June 2005 but credited by the bank on 2 July $14,700.

3 Cheque payments entered in cash book but not presented for payment at 30 June 2005 $27,800.

4 A cheque payment to a supplier of $4,200 charged to the account in June 2005 recorded in the cash book as a receipt.

Based on this information, what was the cash book balance BEFORE any adjustments?

A $43,100 overdrawn

B $16,900 overdrawn

C $60,300 overdrawn

D $34,100 overdrawn


正确答案：A

4 (a) For this part, assume today’s date is 1 March 2006.

Bill and Ben each own 50% of the ordinary share capital in Flower Limited, an unquoted UK trading company

that makes electronic toys. Flower Limited was incorporated on 1 August 2005 with 1,000 ￡1 ordinary shares,

and commenced trading on the same day. The business has been successful, and the company has accumulated

a large cash balance of ￡180,000, which is to be used to purchase a new factory. However, Bill and Ben have

received an offer from a rival company, which they are considering. The offer provides Bill and Ben with two

alternative methods of payment for the purchase of their shares:

(i) ￡480,000 for the company, inclusive of the ￡180,000 cash balance.

(ii) ￡300,000 for the company assuming the cash available for the factory purchase is extracted prior to sale.

Bill and Ben each currently receive a gross salary of ￡3,750 per month from Flower Limited. Part of the offer

terms is that Bill and Ben would be retained as employees of the company on the same salary.

Neither Bill nor Ben has used any of their capital gains tax annual exemption for the tax year 2005/06.

Required:

(i) Calculate which of the following means of extracting the ￡180,000 from Flower Limited on 31 March

2006 will result in the highest after tax cash amount for Bill and Ben:

(1) payment of a dividend, or

(2) payment of a salary bonus.

You are not required to consider the corporation tax (CT) implications for Flower Limited in your

answer. (5 marks)


正确答案：

 

As a result, Bill and Ben would each be better off by ￡15,005 (69,142 – 54,137). If the cash were extracted by way
of dividend.
Tutorial note: In this answer the employers’ national insurance liability on the salary has been ignored. Credit would be
given to a candidate who recognised this issue.

听力原文：W: Then certified checks, cashier's and cash letters of credit are "all variants of demand deposits.

M: Yes, that's right.

Q: Which of the following is not one form. of demand deposits?

(13)

A．Cashier's.

B．Savings certificate.

C．Cash letters of credit.

D．Certified cheeks.


正确答案：B
解析：女士谈到活期存款时提到了"certified checks"、"cashier's"、"cash letters of credit"，但没有提及"savings certificate"。

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What is the reserve requirement?

A．The requirement for cash reserves.

B．The requirement for deposits in cash.

C．The percentage of a bank's deposits in the form. of cash reserves.

D．The requirement of a bank to deposit a percentage of money.


正确答案：C
解析：文章倒数第二段提到It is assumed that...This is the reserve requirement.采取的是现金的形式。

The store will()for cash payment.

A、discourse

B、discourage

C、discount


答案：C

解析：

 discourse

n.    论文; 演讲; 语篇; 话语;    

v.    讲述，著述;    

discourage

v.    阻拦; 阻止; 劝阻; 使灰心; 使泄气; 使丧失信心;    

discount

n.    折扣;    

v.    认为…不重要; 对…不全信; 低估; 打折扣; 打折出售;    

 此句翻译为：本店对现金付款打折。


If an "open" cheque falls into some unauthorized person's hand, he can cash it immediately and the bank is not able to trace him.

A．Right

B．Wrong

C．Doesn't say


正确答案：A
解析：从第三段最后一句Once an "open" cheque…by an unauthorized person，the money may never be recovered．可以得出答案。

What is the reserve requirement?

A．The requirement of a bank to deposit a percentage of money

B．The requirement for deposits in cash

C．The percentage of a bank's deposits in the form. of cash reserves

D．The requirement for cash reserves


正确答案：A
解析：法定存款准备金(reserve requirement)要求商业银行必须按存款的一定比率在其央行账户存放款项。

Why is the British bank able to offer its customer a banker's draft drawn in dollar?

A．Its US correspondent bank prefers to make the payment.

B．It will send dollar in cash by airmail.

C．It has a dollar account with another bank in an American city where the beneficiary lives.

D．Its customer has a dollar account with it.


正确答案：C
解析：文中提到The bank is able to do this because…a dollar cheque or draft drawn on that account．是因为英国的银行在美国有往来银行。

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