“This certificate is valid for six montH. S from the date of issue. ”,最确切的翻译为()。 A.本证书自即日起,有效期为6个月 B.本证书在6个月内有效 C.本证书自签发之日起,有效期为6个月 D.本证书自领证之日起,有效期为6个月

题目
“This certificate is valid for six montH. S from the date of issue. ”,最确切的翻译为()。
A.本证书自即日起,有效期为6个月
B.本证书在6个月内有效
C.本证书自签发之日起,有效期为6个月
D.本证书自领证之日起,有效期为6个月


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更多““This certificate is valid for six montH. S from the date of issue. ”,最确切的翻译为()。 ”相关问题
  • 第1题:

    The International Oil Pollution Prevention Certificate is valid for a period of

    A.one year from the date of issue

    B.five years from the date of issue

    C.three years from the date of issue

    D.four years from the date of issue


    正确答案:B

  • 第2题:

    The following financial information relates to HGR Co:

    Statement of financial position at the current date (extracts)

    The finance director has completed a review of accounts receivable management and has proposed staff training and operating procedure improvements, which he believes will reduce accounts receivable days to the average sector value of 53 days. This reduction would take six months to achieve from the current date, with an equal reduction in each month. He has also proposed changes to inventory management methods, which he hopes will reduce inventory days by two days per month each month over a three-month period from the current date. He does not expect any change in the current level of accounts payable.

    HGR Co has an overdraft limit of $4,000,000. Overdraft interest is payable at an annual rate of 6·17% per year, with payments being made each month based on the opening balance at the start of that month. Credit sales for the year to the current date were $49,275,000 and cost of sales was $37,230,000. These levels of credit sales and cost of sales are expected to be maintained in the coming year. Assume that there are 365 working days in each year.

    Required:

    (a) Discuss the working capital financing strategy of HGR Co. (7 marks)

    (b) For HGR Co, calculate:

    (i) the bank balance in three months’ time if no action is taken; and

    (ii) the bank balance in three months’ time if the finance director’s proposals are implemented.

    Comment on the forecast cash flow position of HGR Co and recommend a suitable course of action.

    (10 marks)

    (c) Discuss how risks arising from granting credit to foreign customers can be managed and reduced.

    (8 marks)


    正确答案:
    (a)Whenconsideringthefinancingofworkingcapital,itisusefultodividecurrentassetsintofluctuatingcurrentassetsandpermanentcurrentassets.Fluctuatingcurrentassetsrepresentchangesinthelevelofcurrentassetsduetotheunpredictabilityofbusinessactivity.Permanentcurrentassetsrepresentthecorelevelofinvestmentincurrentassetsneededtosupportagivenlevelofturnoverorbusinessactivity.Asturnoverorlevelofbusinessactivityincreases,thelevelofpermanentcurrentassetswillalsoincrease.Thisrelationshipcanbemeasuredbytheratioofturnovertonetcurrentassets.Thefinancingchoiceasfarasworkingcapitalisconcernedisbetweenshort-termandlong-termfinance.Short-termfinanceismoreflexiblethanlong-termfinance:anoverdraft,forexample,isusedbyabusinessorganisationastheneedarisesandvariableinterestischargedontheoutstandingbalance.Short-termfinanceisalsomoreriskythanlong-termfinance:anoverdraftfacilitymaybewithdrawn,orashort-termloanmayberenewedonlessfavourableterms.Intermsofcost,thetermstructureofinterestratessuggeststhatshort-termdebtfinancehasalowercostthanlong-termdebtfinance.Thematchingprinciplesuggeststhatlong-termfinanceshouldbeusedforlong-terminvestment.Applyingthisprincipletoworkingcapitalfinancing,long-termfinanceshouldbematchedwithpermanentcurrentassetsandnon-currentassets.Afinancingpolicywiththisobjectiveiscalleda‘matchingpolicy’.HGRCoisnotusingthisfinancingpolicy,sinceofthe$16,935,000ofcurrentassets,$14,000,000or83%isfinancedfromshort-termsources(overdraftandtradepayables)andonly$2,935,000or17%isfinancedfromalong-termsource,inthiscaseequityfinance(shareholders’funds)ortradedbonds.ThefinancingpolicyorapproachtakenbyHGRCotowardsthefinancingofworkingcapital,whereshort-termfinanceispreferred,iscalledanaggressivepolicy.Relianceonshort-termfinancemakesthisriskierthanamatchingapproach,butalsomoreprofitableduetothelowercostofshort-termfinance.Followinganaggressiveapproachtofinancingcanleadtoovertrading(undercapitalisation)andthepossibilityofliquidityproblems.(b)Bankbalanceinthreemonths’timeifnoactionistaken:Workings:ReductioninaccountsreceivabledaysCurrentaccountsreceivabledays=(8,775/49,275)x365=65daysReductionindaysoversixmonths=65–53=12daysMonthlyreduction=12/6=2daysEachreceivablesdayisequivalentto8,775,000/65=$135,000(Alternatively,eachreceivablesdayisequivalentto49,275,000/365=$135,000)Monthlyreductioninaccountsreceivable=2x135,000=$270,000ReductionininventorydaysCurrentinventorydays=(8,160/37,230)x365=80daysEachinventorydayisequivalentto8,160,000/80=$102,000(Alternatively,eachinventoryday=37,230,000/365=$102,000)Monthlyreductionininventory=102,000x2=$204,000OverdraftinterestcalculationsMonthlyoverdraftinterestrate=1·06171/12=1·005or0·5%Ifnoactionistaken:Period1interest=3,800,000x0·005=$19,000Period2interest=3,549,000x0·005=$17,745or$18,000Period3interest=3,517,000x0·005=$17,585or$18,000Ifactionistaken:Period1interest=3,800,000x0.005=$19,000Period2interest=3,075,000x0.005=$15,375or$15,000Period3interest=2,566,000x0.005=$12,830or$13,000DiscussionIfnoactionistaken,thecashflowforecastshowsthatHGRCowillexceeditsoverdraftlimitof$4millionby$1·48millioninthreemonths’time.Ifthefinancedirector’sproposalsareimplemented,thereisapositiveeffectonthebankbalance,buttheoverdraftlimitisstillexceededinthreemonths’time,althoughonlyby$47,000ratherthanby$1·47million.Ineachofthethreemonthsfollowingthat,thecontinuingreductioninaccountsreceivabledayswillimprovethebankbalanceby$270,000permonth.Withoutfurtherinformationonoperatingreceiptsandpayments,itcannotbeforecastwhetherthebankbalancewillreturntolessthanthelimit,orevencontinuetoimprove.Themainreasonfortheproblemwiththebankbalanceisthe$2millioncapitalexpenditure.Purchaseofnon-currentassetsshouldnotbefinancedbyanoverdraft,butalong-termsourceoffinancesuchasequityorbonds.Ifthecapitalexpenditurewereremovedfromtheareaofworkingcapitalmanagement,theoverdraftbalanceattheendofthreemonthswouldbe$3·48millionifnoactionweretakenand$2·05millionifthefinancedirector’sproposalswereimplemented.GiventhatHGRCohasalmost$50millionofnon-currentassetsthatcouldpossiblybeusedassecurity,raisinglong-termdebtthrougheitherabankloanorabondissueappearstobesensible.Assumingabondinterestrateof10%peryear,currentlong-termdebtintheform.oftradedbondsisapproximately($200mx2)/0·1=$4m,whichismuchlessthantheamountofnoncurrentassets.AsuitablecourseofactionforHGRCotofollowwouldthereforebe,firstly,toimplementthefinancedirector’sproposalsand,secondly,tofinancethecapitalexpenditurefromalong-termsource.Considerationcouldalsobegiventousingsomelong-termdebtfinancetoreducetheoverdraftandtoreducethelevelofaccountspayable,currentlystandingat100days.(c)Whencreditisgrantedtoforeigncustomers,twoproblemsmaybecomeespeciallysignificant.First,thelongerdistancesoverwhichtradetakesplaceandthemorecomplexnatureoftradetransactionsandtheirelementsmeansforeignaccountsreceivableneedmoreinvestmentthantheirdomesticcounterparts.Longertransactiontimesincreaseaccountsreceivablebalancesandhencetheleveloffinancingandfinancingcosts.Second,theriskofbaddebtsishigherwithforeignaccountsreceivablethanwiththeirdomesticcounterparts.Inordertomanageandreducecreditrisks,therefore,exportersseektoreducetheriskofbaddebtandtoreducethelevelofinvestmentinforeignaccountsreceivable.Manyforeigntransactionsareon‘openaccount’,whichisanagreementtosettletheamountoutstandingonapredetermineddate.Openaccountreflectsagoodbusinessrelationshipbetweenimporterandexporter.Italsocarriesthehighestriskofnon-payment.Onewaytoreduceinvestmentinforeignaccountsreceivableistoagreeearlypaymentwithanimporter,forexamplebypaymentinadvance,paymentonshipment,orcashondelivery.Thesetermsoftradeareunlikelytobecompetitive,however,anditismorelikelythatanexporterwillseektoreceivecashinadvanceofpaymentbeingmadebythecustomer.Onewaytoacceleratecashreceiptsistousebillfinance.Billsofexchangewithasignedagreementtopaytheexporteronanagreedfuturedate,supportedbyadocumentaryletterofcredit,canbediscountedbyabanktogiveimmediatefunds.Thisdiscountingiswithoutrecourseifbillsofexchangehavebeencountersignedbytheimporter’sbank.Documentarylettersofcreditareapaymentguaranteebackedbyoneormorebanks.Theycarryalmostnorisk,providedtheexportercomplieswiththetermsandconditionscontainedintheletterofcredit.Theexportermustpresentthedocumentsstatedintheletter,suchasbillsoflading,shippingdocuments,billsofexchange,andsoon,whenseekingpayment.Aseachsupportingdocumentrelatestoakeyaspectoftheoveralltransaction,lettersofcreditgivesecuritytotheimporteraswellastheexporter.Companiescanalsomanageandreduceriskbygatheringappropriateinformationwithwhichtoassessthecreditworthinessofnewcustomers,suchasbankreferencesandcreditreports.Insurancecanalsobeusedtocoversomeoftherisksassociatedwithgivingcredittoforeigncustomers.Thiswouldavoidthecostofseekingtorecovercashduefromforeignaccountsreceivablethroughaforeignlegalsystem,wheretheexportercouldbeatadisadvantageduetoalackoflocalorspecialistknowledge.Exportfactoringcanalsobeconsidered,wheretheexporterpaysforthespecialistexpertiseofthefactorasawayofreducinginvestmentinforeignaccountsreceivableandreducingtheincidenceofbaddebts.

  • 第3题:

    Vessels must be ______ valid certificate of nationality or certificate of registry or license.

    A.acquiring

    B.with possession of

    C.required for

    D.in possession of


    正确答案:C

  • 第4题:

    材料:

    A Passenger Ship Safety Certificate shall be issued for a period not exceeding 12 months.A Cargo Ship Safety Construction Certificate,Cargo Ship Safety Equipment Certificate and Cargo Ship Safety Radio Certificate shall be issued for a period specified by the Administration which shall not exceed five years.

    An Exemption Certificate shall not be valid for longer than the period of the certificate to which it refers.

    (i)When the renewal survey is completed within three months before the expiry date of the existing certificate,the new certificate shall be valid from the date of completion of the renewal survey to:

    (1)for a passenger ship,a date not exceeding 12 months from the date of expiry of the existing certificate;

    (2)for a cargo ship,a date not exceeding five years from the date of expiry of the existing certificate;

    (ii)When the renewal survey is completed after the expiry date of the existing certificate,the new certificate shall be valid from the date of completion of the renewal survey to:

    (1)for a passenger ship,a date not exceeding 12 months from the date of expiry of the existing certificate;

    (2)for a cargo ship,a date not exceeding five years from the date of expiry of the existing certificate;

    (iii)when the renewal survey is completed more than three months before the expiry date of the existing certificate,the new certificate shall be valid from the date of completion of the renewal survey to:

    (1)for a passenger ship,a date not exceeding 12 months from the date of completion of the renewal survey;

    (2)for a cargo ship,a date not exceeding five years from the date of completion of the renewal survey.

    问题:

    The valid period of an Exemption Certificate for Cargo Ship Safety Equipment Certificate shall be ________.

    A.longer than five years

    B.shorter than five years

    C.longer than 12 months

    D.shorter than 12 months

    When the renewal survey is completed within one month before the expiry date of the existing Cargo Ship Safety Construction Certificate,the new certificate shall be valid ________.A.from the date of completion of the renewal survey to a date not exceeding 12 months from the date of expiry of the existing certificate

    B.from the date of completion of the renewal survey to a date not exceeding five years from the date of expiry of the existing certificate

    C.from the date of expiry of the existing certificate to a date not exceeding 12 months from the date

    D.from the date of expiry of the existing certificate to a date not exceeding five years from the date

    It can be concluded that the actual period of validity of a new Passenger Ship Safety Certificate is less than 12 months if the renewal survey is completed ________.A.4 months before its expiry date

    B.3 months before its expiry date

    C.2 months before its expiry date

    D.after its expiry date

    When the renewal survey is completed on a date which is 99 days before the expiry date of the existing Cargo Ship Safety Radio Certificate,the new certificate shall be valid ________.A.from the date of completion of the renewal survey to a date not exceeding 12 months from the date of expiry of the existing certificate

    B.from the date of completion of the renewal survey to a date not exceeding five years from the date of expiry of the existing certificate

    C.from the date of expiry of the existing certificate to a date not exceeding 12 months from the date

    D.from the date of completion of the renewal survey to a date not exceeding five years from that date

    请帮忙给出每个问题的正确答案和分析,谢谢!


    问题 1 答案解析:B


    问题 2 答案解析:B


    问题 3 答案解析:D


    问题 4 答案解析:D

  • 第5题:

    汉译英:“产地证书;熏蒸证书”,正确的翻译为:( )。
    A. Certificate of Origin ; Certificate of Fumigation
    B. Certificate of Fumigation ; Certificate of Origin
    C. Certificate of Quality ; Certificate of Origin
    D. Certificate of Origin ; Certificate of Quality


    答案:A
    解析:

  • 第6题:

    汉译英:“数量证书”,正确的翻译为( )。

    A. Certificate of Weight B. Certificate of Quarantine
    C. Certificate of Inspection D. Certificate of Quantity


    答案:D
    解析:

  • 第7题:

    Your company has an internal Web site that requires HTTPS. The Web site s certificate is self-signed. Youhave a computer that runs Windows 7 and Windows Internet Explorer 8. You use HTTPS to browse to theWeb site and receive the following warning message: There is a problem with this website s security certificate. You need to prevent the warning message from appearing when you access the Web site.  What should you do?()

    • A、From Internet Explorer, enable InPrivate Browsing.
    • B、From Internet Explorer, add the Web site to the Trusted sites zone.
    • C、From Certificate Manager, import the Web site s certificate into your Personal store.
    • D、From Certificate Manager, import the Web site s certificate into your Trusted Root CertificationAuthorities store.

    正确答案:D

  • 第8题:

    单选题
    The International Oil Pollution Prevention Certificate is valid for a period of ().
    A

    one year from the date of issue

    B

    two years from the date of issue

    C

    three years from the date of issue

    D

    four years from the date of issue


    正确答案: D
    解析: 暂无解析

  • 第9题:

    单选题
    The service life of distress signals must be not more than().
    A

    forty two months from the date of manufacture

    B

    thirty six months from the date of the last inspection

    C

    twenty four months from the date of approval

    D

    twelve months from the date of purchase


    正确答案: D
    解析: 暂无解析

  • 第10题:

    单选题
    The annual survey for endorsement of a Load Line Certificate must be held within().
    A

    the three month period immediately following the certificate's anniversary date

    B

    the three month period immediately preceding the certificate's anniversary date

    C

    three months either way of the certificate's anniversary date

    D

    the three month period centered on the certificate's anniversary date


    正确答案: D
    解析: 暂无解析

  • 第11题:

    单选题
    “Is it free with this certificate?” 以下最适合的回答()
    A

    Yes,you will.

    B

    Sorry,it’s not valid on subwaytrains.

    C

    Yes,I can.

    D

    Sorry,I don’t know.


    正确答案: B
    解析: 暂无解析

  • 第12题:

    单选题
    The Certificate of Inspection for a containership ().
    A

    is issued by the Coast Guard and is usually valid for 2 years

    B

    must be posted under transparent material near the officers' licenses

    C

    lists all of the stability limitations and conditions imposed on the vessel

    D

    shows the due date of the quadrennial test of the cargo gear


    正确答案: A
    解析: 暂无解析

  • 第13题:

    The International Oil Pollution Prevention Certificate is valid for a period of______.

    A.one year from the date of issue

    B.five years from the date of issue

    C.three years from the date of issue

    D.four years from the date of issue


    正确答案:B

  • 第14题:

    The Certificate of Inspection for a containership ______.

    A.is issued by the Coast Guard and is usually valid for 2 years

    B.must be posted under transparent material near the officers' licenses

    C.lists all of the stability limitations and conditions imposed on the vessel

    D.shows the due date of the quadrennial test of the cargo gear


    正确答案:A

  • 第15题:

    Your load line certificate expires on 27 May 2006.The vessel is surveyed on that date and is found satisfactory.You are sailing foreign the same day.Which statement is TRUE ________.

    A.A new certificate must be issued before you sail

    B.The existing certificate is endorsed as valid for a five year period commencing 27 May 2006

    C.The existing certificate is extended for a period of up to 150 days

    D.The existing certificate is extended until the first foreign port of call where a new certificate will be issued by the local surveyor


    正确答案:C

  • 第16题:

    汉译英:“有效期限;签发日期;运输方式”,正确的翻译为:()。
    A. valid period ; date of dispatch ; means of transport
    B. departure time ; issuing date ; means of conveyance
    C. departure time; date of dispatch; means of conveyance
    D. valid period; issuing date; means of transport


    答案:D
    解析:

  • 第17题:

    汉译英:“植物检疫证书”,正确的翻译为( )。

    A. Health Certificate B. Veterinary Certificate
    C. Phytosanitary Certificate D. Sanitary Certificate


    答案:C
    解析:

  • 第18题:

    “This certicate is valid for six months from the date of issue.”,最确切的翻译是()

    • A、本证书自即日起,有效期为6个月
    • B、本证书在6个月内有效
    • C、本证书自签发之日起,有效期为6个月
    • D、本证书自领证之日起,有效期为6个月

    正确答案:C

  • 第19题:

    单选题
    “This certicate is valid for six months from the date of issue.”,最确切的翻译是()
    A

    本证书自即日起,有效期为6个月

    B

    本证书在6个月内有效

    C

    本证书自签发之日起,有效期为6个月

    D

    本证书自领证之日起,有效期为6个月


    正确答案: B
    解析: 暂无解析

  • 第20题:

    单选题
    When the renewal verification is completed more than three months before the expiry date of the existing Document of Compliance or Safety Management Certificate, the new Document of Compliance or the new Safety Management Certificate should be valid from the date of () for a period not exceeding five years.
    A

    beginningoftherenewalverification

    B

    completionoftherenewalverification

    C

    beginningofscheduleddrydocking

    D

    completionofscheduleddrydocking


    正确答案: A
    解析: 暂无解析

  • 第21题:

    单选题
    An International Oil Pollution Prevention Certificate (IOPP) for a "new" vessel ceases to be valid if ().
    A

    it exceeds 3 years from date of issue

    B

    an alteration approved by the Captain of the Port is made

    C

    an intermediate survey has not be conducted within 12 months from the date that the IOPP was issued

    D

    the vessel is transferred to the flag of another country


    正确答案: B
    解析: 暂无解析

  • 第22题:

    单选题
    The International Sewage Pollution Prevention Certificate shall be issued for a period specified by the Administration, which shall not exceed from the date of issue()
    A

    six months

    B

    one year

    C

    three year

    D

    five years


    正确答案: B
    解析: 暂无解析

  • 第23题:

    单选题
    The IOPP certificate is valid for ()
    A

    one year

    B

    two years

    C

    four years

    D

    five years


    正确答案: A
    解析: 暂无解析