What is called discounting a note receivable?
A. Purchasing a note receivable.
B. Receiving less money than the principal amount of the note.
C. Selling a note receivable before maturity.
D. Giving up some of tile interest revenue of the note.
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From the normal income statement we can see gross margin.
A. Right
B. Wrong
C. Doesn't say
How is discounting period calculated?
A. From December 9, 1994 to January 18, 1995.
B. The discounting period begins with the date of making the note and end with date of selling it to the note purchaser.
C. The number of the days is calculated from the date of discounting to the date of maturity.
D. The days of discounting period involve the discounting date and the maturity date.
In the advertisement, "a nominal rent" means that the cost for rent is quite insignificant.
A. Right
B. Wrong
C. Doesn't say
We are looking for enthusiastic people to work in our office in Bermuda on temporary 3 -, 6 - and 9 - month contracts. Applicants must be able to speak and write at least one foreign language fluently and can be nationals of any country.
Experience in import/export will be an advantage, but as special training will be available this is not essential. The main requirements arc a willingness to work as a member of a team, to cope with pressure, and to be prepared occasionally to work long hours when necessary.
There are several posts available and long -term prospects are good, though initially all successful applicants will be contracted for a maximum of 9 months.
The salary we will offer is excellent. We will pay for your return air fare and provide adequate accommodation at a nominal rent.
Please apply in your own handwriting, enclosing your resume to Sally Langley, Personnel Office, Harper &Grant Ltd, 1084 Great West Road, London W25.
Harper & Grant Ltd. has its head offices in London.
A. Right
B. Wrong
C. Doesn't say