1) A week ago an employee who was working for a company for more than 3 years, was called in the office to accept a new contract involves moving in a new location, new duties, and a payment reduction. the employee refused and left the plate of work, he might me able to claim
A)Effective resignation
B) Constructive dismissal
C) Condonation
D) Mitigation
E) None of the above
2) Kim and Yan are general partners in a business, their friend Emma will be a limited partner. Which one describes Emma's role in the partnership?
A) Emma will be in charge for day to day running of the business
B) Will be responsible for decision making on the business
C) Will provide money and other property, but will not take part in the management of the business
D ) Provide professional advice as a part of her managing the business
Suppose a toy craze in Canada makes a particular Swiss-produced toy very popular. What effect would this toy have on the balance of trade? It would tend to affect Canada's balance of payments but not its balance of trade It would tend to increase Canada's balance of trade deficit. It would tend to reduce any existing balance of trade deficit in Canada. It would tend to increase Canada's balance of trade surplus. Suppose the exchange rate between British pounds and Canadian dollars is originally $1.50 per pound. If it then changes to $2 for 1 pound, what will tend to happen to the volume of imports of British goods into Canada? The volume of imports will tend to rise The volume of imports will tend to change in an indeterminate direction The volume of imports will tend to fall. O The volume of imports will tend to stay the same3. A US company pays interest for $30,000 matured on its bonds held by a German investor. The payment is in Dollars. The German investor sells the Dollars to the European Central Bank (official institution). How do you record this transaction in the US Balance of Payments? Current Account $30,000 Financial Account (Non-official) (a) Financial Account (Official) $30.000 Current Account Financial Account (Non-official) (b) $30.000 $30,000 Financial Account (Official) Current Account $30.000 Financial Account (Non-official) (c) Financial Account (Official) $30,000 Current Account Financial Account (Non-official) (d) $30,000 Financial Account (Official) $30,000 337. Refer to the information above. On the basis of the above flow from financing activities? a. $145,500 net cash used for financing activities. b. $500,100 net cash used for financing activities. c. $147,000 net cash used for financing activities. d. $206,100 net cash used for financing activities. SECTION B. Consider the following information: Proceeds from sale of bonds for cash $1,000,000 Cash interest payments to bondholders 25,000 the s Conversion of bonds into preferred stock 1,000,000 Purchase of long-term investment for cash 300,000 Payment of cash dividends to stockholders 75,000 Proceeds from long-term note payable 500,000 Issuance of common stock for cash 5,000,000 Payment of interest due on long-term note payable 50,000 Issuance of common stock for land 250,000 Repurchase of common stock on open market for cash 125,000 Payment of principal amount due on long-term note payable 250,000 Acquisition of land in exchange for note payable 900,000 Receipt of cash dividend income on long-term investments 40,000 Proceeds from sale of building 525,000 Proceeds from sale of long-term investment 2,500,000 Purchases of equipment 125,000 Required: Using the appropriate information Part a. Compute the Net Cash Flow from Investing activities. Part b. Compute the Net Cash Flows from Financing activities.Question 41 (2 points) Select the correct statement regarding managerial and financial accounting. O A) Financial accounting is more highly regulated than managerial accounting. ( B) Users of managerial accounting information desire greater aggregation than do users of financial accounting information. O C) Both managerial and financial accounting use economic and physical data in addition to financial data. O D) Timeliness is more important in financial accounting than in managerial accounting. Save
