[简答题]The following information was extracted from the ledgers of Billy Company for its products for the year ended 31 December 2002: ＄ Sales (100,000 units) 500,000 Direct materials 100,000 Direct wages 70,000 Fixed production overheads 110,000 Variable production overheads 20,000 Administration expenses (60% fixed, 40% variable) 80,000 Selling expenses (60% fixed, 40% variable) 130,000 Required: (a)Prepare the Profit and Loss Statement by using Absorption Cost method. (b)Prepare the Profit and Loss Statement by using Marginal Cost method.

[单项选择]The following information is extracted from a financial statement: Net income $1000 Decrease m accounts receivable 120 Increase In inventory 40 Increase in accounts payable 20 Decrease in wages payable 10 Increase in deferred taxes 40 Depreciation 100 Profit from the sale of fixed assets 10 Dividends paid out 80 Cash flow from operations is:

[简答题]The following ledger balances are extracted from the books of White Trading Company as at 31 December 2003: ＄ Bad debts 750 Bank overdraft 1,650 Capital 100,000 Carriage inwards 3,500 Carriage outwards 1,400 Creditors 18,500 Debenture interest 900 Debtors 12,500 Discounts allowed 1,300 Discounts received

[单项选择]An analyst gathers the following information from a company's balance sheet (in millions):

	31 December 2011	31 December 2010
Cash and marketable securities	$66	$60
Receivables	$22	$20
Current assets	$132	$120
Total assets	$1498	$1345
Current liabilities	$242	$220
Total liabilities	$1189	$987

Based on the information, the company's liquidity ratios at the end of 2011 have:（）
A. decreased since the end of 2010.
B. remained the same since the end of 2010.
C. increased since the end of 2010.

[单项选择]The following information is calculated by using LIFO method, calculate the cost of goods sold using FIFO. 2000 2001 Beginning Inventory $ 80000 $ 70000 Ending Inventory $ 70000 $ 50000 LIFO Reserve $ 5000 $ 8000 LIFO Cost of Goods Sold $ 300000 $ 250000（）
A. $ 219000.
B. $ 238000.
C. $ 247000.

[简答题]Directions: 　　Translate the following text from English into Chinese.Write your translation on ANSWER SHEET2.(15 points) 　　When people in developing countries worry about migration,they are usually concerned at the prospect of ther best and brightest departure to Silicon Valley or to hospitals and universities in the developed world ,These are the kind of workers that countries like Britian ,Canada and Australia try to attract by using immigration rules that privilege college graduates . 　　Lots of studies have found that well-educated people from developing countries are particularly likely to emigrate .A big survey of Indian households in 2004 found that nearly 40%of emigrants had more than a high-school education,compared with around 3.3%of all Indians over the age of 25.This "brain drain "has long bothered policymakers in poor countries ,They fear that it hurts their economies ,depriving them of much-needed skilled workers who could have taught at their universities ,worked in

[填空题]
Directions
Read the following texts from an article in which people talked about visiting places. For questions 61 to 65, match the name of each person to one of the statements (A to G) given below.