1. What type of company trades on an organized stock exchange?

2. If you buy shares of New Oriental Education & Technology Group on the primary market:

3. Which of the following statements about Bonds is FALSE?

4. Which of the following statements is FALSE?

5. As an oil refiner, you are able to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude. ANS is currently traded for $71.75/Bbl and WTI is traded for $73.06/Bbl.
Assuming you currently have 10,000 Bbls of WTI crude, the added benefits to you if you were to sell the 10,000 Bbls of WTI crude and use the proceeds to purchase and refine ANS crude is closest to:

1. A firm produces 200 units and the total cost of production is $4000. When they increase output to 220, the cost rises to $4200. When the firm produces zero output, the cost is $1000. What is the fixed cost per unit when they produce 220 units?

2. When price is increased by 20%, the demand for bananas is dropped by 80% whereas the demand for gasoline only dropped by 5%. It indicates that the demand for bananas is relatively ________ while the demand for oil is relatively ________.

3. The cost of using a scarce resource to do one thing instead of another is most usually called the:

4. Would the GDP of China include the production of a Chinese student when s/he is working abroad?

5. Sandy is traveling from Italy to the US and she borrowed 500 USD from Martin. She knows that 1 USD is worth 0.80 Euros and she has 350 Euros in hand. If she goes to the bank and exchanges 350 Euros into USD , what amount of USD is left over, or still owing, after paying back Martin?

1. Company A has current assets of $800, non-current liabilities of $1,000, owner’s equity of $400 and current liabilities of $750. What is the amount of non-current assets?

2. Company B reports net income of $2,000 million for fiscal year 2016. At the beginning of fiscal 2016, its total assets are $45,000 million and at the end of fiscal 2016, they total $50,000 million. The company’s return on assets for fiscal 2016 is:

3. Patricia contributed $500,000 cash and land worth $500,000 to open her new business, Patricia Technology. Which of the following journal entries does Patricia Technology make to record the transaction?

4. Plant assets refer to

5. Assume company C paid $95,000 cash to acquire a group of items, including a building appraised at $40,000, land improvements appraised at $15,000, and land appraised at $45,000. The $95,000 cost is allocated on the basis of these appraised values. What is the apportioned cost of the building acquired?