03. Which of the following is the monetary authority of Sri Lanka. 1. Financial institutions
2. Ministry of finance
3. Central bank of Sri Lanka
4. State Mortgage and Investment bank
04. Commercial banks differ from other financial institution because of,
1. maintenance of foreign exchange transactions
2. maintenance of deposit accounts
3. maintenance of current accounts
4. providing leasing facilities
05. Trading activities that occur between countries is known as,
1. international trade
2. domestic trade
3. export trade
4. wholesale trade
06. The statement which explains the meaning of 'scarcity of money' is,
1. cannot reject in transactions
2. there should be limited in supply
3. it should be uniformed in quality
4. not easy to fraud in its design

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits