Suppose that you bought an automobile that cost
$10,000 two years ago. Suppose that your car could be sold now for $5,000. You
are trying to decide whether to drive or take the train to Kuala LuSuppose that you bought an automobile that cost
$10,000 two years ago. Suppose that your car could be sold now for $5,000. You
are trying to decide whether to drive or take the train to Kuala Lu
A. the cost of the train ticket
B. annual cost of licensing your car
C. the historical purchasing cost of $10,000
D. the market price of $5,000 in the second-hand market
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Which of the following methods of allocating service department costs results in the most accurate product cost（）
A. Direct method
B. Step method
C. Reciprocal method
D. Activity-based costing method
What services are provided by correspondent bank（）
A. Collecting checks, drafts, and other credit instruments
B. Making credit investigation of firms that borrow in the open market
C. Providing banks with foreign exchange facilities, including commercial and traveler’s checks
D. Providing banks with funds/loans in case of need
What is the advantage of netting payment system（）
A. efficient
B. secure
C. less settlement risks
D. more powerful processing capacities
international settlements serve for（）
A. goods trade
B. service trade
C. financial transactions
D. payments between governments
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