On April 15, 2019, a Chinese company A signed a CFR sales contract with an Egyptian company B to sell 20,000 metric tons of fertilizer to Company B. Company B took the WPA insurance policy of CIC for the cargo. The cargo ship carrying the 20,000 metric tons of fertilizer departed from the port of loading on June 24, 2019. En route to Egypt, the cargo ship caught fire and a proportion of the fertilizer was destroyed by the fire. The master of the ship ordered sea water being pumped into the cargo hold to put out fire for the purpose of saving the ship and all cargos. Finally, the fire was put out but more fertilizer was damaged by sea water during the fire fight. After the incident, the ship continued its journey to the Egyptian port with the remaining fertilizer. Questions: Based on this case, please answer the following questions. 5' 1). What type of loss is the loss of the fertilizer being destroyed by fire? Who should bear the loss? 1’+1’ 2). What type of loss is the loss of the proportion of fertilizer being damaged by sea water during the fire fight? Who should bear the loss? Why? 1’+1’+1’
第1题
On April 15, 2019, a Chinese company A signed a CFR sales contract with an Egyptian company B to sell 20,000 metric tons of fertilizer(肥料) to Company B. The cargo ship carrying the 20,000 metric tons of fertilizer departed from the port of loading on June 24, 2019. During the voyage to Egypt, the cargo ship caught fire and a proportion of the fertilizer was destroyed by the fire. The master of the ship ordered sea water being pumped into the cargo hold to put out fire for the purpose of saving the ship and all cargos. Finally, the fire was put out but more fertilizer was damaged by sea water during the fire fight. After the incident, the ship continued its journey to the Egypt port with the remaining fertilizer. Questions:Based on this case, please answer the following questions. 1) What is the nature of the loss of the fertilizer being destroyed by fire? Who should bear the loss? why? (3 points) 2) What is the nature of the loss of the proportion of fertilizer being damaged by sea water during the fire fight? Who should bear the loss? Why? (4 points) 3) Who will effect the insurance? What the least coverage should be covered if the losses can be compensated by the insurance company? Why? (3 points)
第2题
On April 15, 2010, a Chinese company A signed a CFR sales contract with an Egyptian company B to sell 20,000 metric tons of fertilizer to Company B. The letter of credit issued by Company B specifies that the date of shipment is from June 1, 2010 to June 10, 2010. But the port of loading in China was hit by typhoon and all loading and unloading operations at the port were seriously disrupted, the cargo of fertilizer was actually loaded onto the vessel until June 22, 2010. Company A issued a letter of indemnity to the carrier and requested the carrier to issue an on-board bill of lading that complies with the requirement of the letter of credit. The carrier issued such an on-board bill of lading. Company B took the WPA insurance policy of CIC for the cargo. The cargo ship carrying the 20,000 metric tons of fertilizer departed from the port of loading on June 24, 2010. En route to Egypt, the cargo ship caught fire and a proportion of the fertilizer was destroyed by the fire. The master of the ship ordered sea water being pumped into the cargo hold to put out fire for the purpose of saving the ship and all cargos. Finally, the fire was put out but more fertilizer was damaged by sea water during the fire fight. After the incident, the ship continued its journey to the Egyptian port with the remaining fertilizer. When the ship arrived at the Egyptian port of destination, it was behind the schedule by 15 days. As the market situation for fertilizers changed, the current market price of fertilizer was 20 per cent lower than the price half month ago. Company B had to resell the remaining fertilizer at the current market price and suffered significant loss. Questions: Based on this case, please answer the following questions. 1). What type of loss is the loss of the fertilizer being destroyed by fire? 5 points Who should bear the loss? 5 points Why? 5 points 2). What type of loss is the loss of the proportion of fertilizer being damaged by sea water during the fire fight? 5 points Who should bear the loss? 5 points Why? 5 points 3). Whether the Egyptian importer, Company B can claim damages from the carrier and the seller Company A for the loss caused by the falling price of the fertilizer? 5 points Why? 5 points
第3题
Company A signed a lease agreement with company B in December 2018 to lease a fixed asset for management. Fixed assets reach the expected serviceable condition in the next month. According to the contract, from January 1, 2019, A company shall pay $10 million at the beginning of each year, with a lease term of 4 years. We assume that B company regarded it as a finance lease. The asset has a carrying amount of $3,000 at the date of inception of the lease agreement. B company has guaranteed that the asset will have a market value at the end of the lease term of $200. The interest rate implicit in the lease is 10%. Required: What journals are posted to record this transaction of B company on 31 December 2019 and 2020?
第4题
Company A signed a lease agreement with company B in December 2018 to lease a fixed asset for management.Fixed assets reach the expected serviceable condition in the next month. According to the contract, from January 1, 2019, A company shall pay $1,000 at the beginning of each year, with a lease term of 4 years. Because the implicit interest rate of the lease is not easy to be determined, the annual interest rate of the incremental loan of lessee a company is 10%. A Company is expected to consume the future economic benefits of the right-to-use assets averagely during the lease term, so it adopts the straight-line method to depreciate the right to use assets. Required: Please prepare accounting entries for A company for the year ended 31 December 2019 and 2020 .
第5题
According to the news, the Chinese spokesman ______.
A.rejects the report that China is importing advanced military equipment from Israel
B.criticizes an unnamed country for spreading the rumor
C.denounces the New York Times report as irresponsible
D.admits there is military cooperation between China and Israel
第6题
What an ignominious destiny for medicine if its future turned into one of bestowing meagre increments of unenjoyed life! It would mirror the fate of athletics, in which disproportionate energies and resources -- not least medical ones, like illegal steroids -- are now invested to shave records by milliseconds. And, it goes without saying, the logical extension of longevism -- the "abolition" of death -- would not be a solution but only an exacerbation. To air these predicaments is not anti-medical spleen, but simply to face the growing reality of medical power not exactly without responsibility but with dissolving goals.
Hence medicine's finest hour becomes the dawn of its dilemmas. For centuries, medicine was impotent and hence unproblematic. 'From the Greeks to the Great War, its job was simple: to struggle with lethal diseases and gross disabilities, to ensure live births, and to manage pain. It performed these uncontroversial tasks by and large with meagre success. Today, with mission accomplished, medicine's triumphs are dissolving in disorientation. Medicine has led to vastly inflated expectations, which the public has eagerly swallowed. Yet as these expectations grow unlimited, they become unfulfillable. The task facing medicine in the twenty-first century will be to redefine its limits even as it extends its capacities.
In the author's opinion, the prolongation of life is equal to
A.mobility.
B.deprivation.
C.autonomy.
D.awareness.
第7题
The summary Balance Sheet of Billy Trading Company on 1 April 2003 was as follows:
$
Equipment (at cost) 180,000
Less: Provision for depreciation (68,400)
Stock 38,600
Debtors 50,000
Total assets 200,200
Financed by:
Share Capital 70,000
Revenue Reserves 50,000
10% debentures 70,000
Proposed dividends 2,200
Bank overdraft 8,000 200,200
Additional information:
1. The following sales, purchases and payment transactions are expected to occur in the next three months:
Sales Purchases Expenses
$ $ $
April 360,000 180,000 60,000
May 370,000 200,000 70,000
June 360,000 190,000 80,000
2. All sales are on credit basis and the collection pattern is expected as follows:
(a)80% of the money will be collected in the month of sales. It is estimated that 5% cash discount will be given for collections in this period.
(b)The remaining 20% of the money will be collected in the month subsequent to sales.
3. Payment to creditors is made in the month of purchases in order to take the advantage of 10% discount which is calculated on the gross purchase figures.
4. Depreciation of tide equipment is calculated at a rate of 15% per annum on cost. Depreciation charges have been included in the estimation of expenses for each month from April to June 2003.
5. Expenses are paid in the month in which they are incurred.
6. Stock levels are expected to remain unchanged throughout the period.
7. The proposed dividend will be paid in May 2003.
8. The debentures interest for the three months will be paid in July 2003.
Required:
(a)Prepare a Budgeted Profit and Loss Account for the three months ended 30 June 2003.
(b)Prepare a Cash Budget for each of the three months from April to June 2003.
(c)Prepare a Budgeted Balance Sheet as at 30 June 2003.
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