网友您好， 请在下方输入框内输入要搜索的题目：
题目内容
（请给出正确答案）
Swim Co offers training courses to athletes and has prepared the following breakeven chart:
Required:
(a) State the breakeven sales revenue for Swim Co and estimate, to the nearest $10,000, the company’s profit if 500 athletes attend a training course. (2 marks)
(b) Using the chart above, explain the cost and revenue structure of the company. (8 marks)
参考答案
更多 “ Swim Co offers training courses to athletes and has prepared the following breakeven chart:Required:(a) State the breakeven sales revenue for Swim Co and estimate, to the nearest $10,000, the company’s profit if 500 athletes attend a training course. (2 marks)(b) Using the chart above, explain the cost and revenue structure of the company. (8 marks) ” 相关考题
考题
After a long period of training, the athletes _________ the sports games to be held next week.
A. are paid forB. are called forC. are cared forD. are prepared for
考题
30． Why can fish swim in the water? Jack's answer is ________ ．A．fish can't walk on landB． fish can- t swim on landC． fish can-t walk in the waterD．fish has no legs or hands
考题
5 Which of the following factors could cause a company’s gross profit percentage on sales to fall below the expectedlevel?1 Understatement of closing inventories.2 The incorrect inclusion in purchases of invoices relating to goods supplied in the following period.3 The inclusion in sales of the proceeds of sale of non-current assets.4 Increased cost of carriage charges borne by the company on goods sent to customers.A 3 and 4B 2 and 4C 1 and 2D 1 and 3
考题
2 The activities of an organisation have to be managed and co-ordinated to ensure that its objectives are met. The organisation’s structure is designed to support this.Required:(a) What is meant by the term ‘organisational structure,’ often shown as an organisation chart? (5 marks)
考题
2 The draft financial statements of Rampion, a limited liability company, for the year ended 31 December 2005included the following figures:$Profit 684,000Closing inventory 116,800Trade receivables 248,000Allowance for receivables 10,000No adjustments have yet been made for the following matters:(1) The company’s inventory count was carried out on 3 January 2006 leading to the figure shown above. Salesbetween the close of business on 31 December 2005 and the inventory count totalled $36,000. There were nodeliveries from suppliers in that period. The company fixes selling prices to produce a 40% gross profit on sales.The $36,000 sales were included in the sales records in January 2006.(2) $10,000 of goods supplied on sale or return terms in December 2005 have been included as sales andreceivables. They had cost $6,000. On 10 January 2006 the customer returned the goods in good condition.(3) Goods included in inventory at cost $18,000 were sold in January 2006 for $13,500. Selling expenses were$500.(4) $8,000 of trade receivables are to be written off.(5) The allowance for receivables is to be adjusted to the equivalent of 5% of the trade receivables after allowing forthe above matters, based on past experience.Required:(a) Prepare a statement showing the effect of the adjustments on the company’s net profit for the year ended31 December 2005. (5 marks)
考题
(ii) The sales director has suggested to Damian, that to encourage the salesmen to accept the new arrangement,the company should increase the value of the accessories of their own choice that can be fitted to the lowemission cars.State, giving reasons, whether or not Damian should implement the sales director’s suggestion.(2 marks)
考题
2 Plaza, a limited liability company, is a major food retailer. Further to the success of its national supermarkets in thelate 1990s it has extended its operations throughout Europe and most recently to Asia, where it is expanding rapidly.You are a manager in Andando, a firm of Chartered Certified Accountants. You have been approached by DuncanSeymour, the chief finance officer of Plaza, to advise on a bid that Plaza is proposing to make for the purchase ofMCM. You have ascertained the following from a briefing note received from Duncan.MCM provides training in management, communications and marketing to a wide range of corporate clients, includingmulti-nationals. The ‘MCM’ name is well regarded in its areas of expertise. MCM is currently wholly-owned byFrontiers, an international publisher of textbooks, whose shares are quoted on a recognised stock exchange. MCMhas a National and an International business.The National business comprises 11 training centres. The audited financial statements show revenue of$12·5 million and profit before taxation of $1·3 million for this geographic segment for the year to 31 December2004. Most of the National business’s premises are owned or held on long leases. Trainers in the National businessare mainly full-time employees.The International business has five training centres in Europe and Asia. For these segments, revenue amounted to$6·3 million and profit before tax $2·4 million for the year to 31 December 2004. Most of the International business’spremises are held on operating leases. International trade receivables at 31 December 2004 amounted to$3·7 million. Although the International centres employ some full-time trainers, the majority of trainers provide theirservices as freelance consultants.Required:(a) Define ‘due diligence’ and describe the nature and purpose of a due diligence review. (4 marks)
考题
3 You are the manager responsible for the audit of Lamont Co. The company’s principal activity is wholesaling frozenfish. The draft consolidated financial statements for the year ended 31 March 2007 show revenue of $67·0 million(2006 – $62·3 million), profit before taxation of $11·9 million (2006 – $14·2 million) and total assets of$48·0 million (2006 – $36·4 million).The following issues arising during the final audit have been noted on a schedule of points for your attention:(a) In early 2007 a chemical leakage from refrigeration units owned by Lamont caused contamination of some of itsproperty. Lamont has incurred $0·3 million in clean up costs, $0·6 million in modernisation of the units toprevent future leakage and a $30,000 fine to a regulatory agency. Apart from the fine, which has been expensed,these costs have been capitalised as improvements. (7 marks)Required:For each of the above issues:(i) comment on the matters that you should consider; and(ii) state the audit evidence that you should expect to find,in undertaking your review of the audit working papers and financial statements of Lamont Co for the year ended31 March 2007.NOTE: The mark allocation is shown against each of the three issues.
考题
(c) Maxwell Co is audited by Lead Co, a firm of Chartered Certified Accountants. Leo Sabat has enquired as towhether your firm would be prepared to conduct a joint audit in cooperation with Lead Co, on the futurefinancial statements of Maxwell Co if the acquisition goes ahead. Leo Sabat thinks that this would enable yourfirm to improve group audit efficiency, without losing the cumulative experience that Lead Co has built up whileacting as auditor to Maxwell Co.Required:Define ‘joint audit’, and assess the advantages and disadvantages of the audit of Maxwell Co being conductedon a ‘joint basis’. (7 marks)
考题
MONTHLY MEETING MINUTES OF BOARD OF DIRECTORS Time: 2:30 p.m., March 5, 2015 Place: Conference room, second floor of 3T Co. Ltd. Participants: All the directors Chairman: Chairman of the board, Mr. William Forest Minutes keeper: Linda The main activities at the meeting are as follows: Firstly, Mr. William Forest, chairman of the board, made a report on the work and total sales of the company this season. Then the report was followed by a heated discussion. Secondly, all the directors agreed to hold a press conference for the company next month. Thirdly, the meeting suggested inviting experts from Canada to give a five-day training course to staff in the Sales Department. The meeting finished at 3:30 p.m.1. Who are the meeting participants().A. The executive assistants.B. The directors.C. The interviewees.2. How many activities does the meeting have().A. The executive assistants.B. The directors.C. The interviewees.3. Mr. William Forest made a report ()this season.A. on training course to staff in the Sales DepartmentB. on the advertisement policies of the companyC. on the work and total sales of the company4. What did all the directors agree to do ()A. To carry out a training project in the company next year.B. To have another board meeting of all directors next season.C. Tohave a press conference for the company next month.5. How long did the meeting last ()A.1.5 hours.B.1 hour.C.2 hour.
考题
What is Mr. Jones’s position in his company ()
A. He is the president of Bestway Co.B.He is the general manager of Nile Co. C.He is the sales manager of Lee Brothers’.
考题
Which term means “the profit that a company has obtained from selling its products or services in a particular period of time, in relation to its sales for the period”?
A、Annual incomeB、operation profitC、return on salesD、net profit
考题
Shoe Co, a shoe manufacturer, has developed a new product called the ‘Smart Shoe’ for children, which has a built-in tracking device. The shoes are expected to have a life cycle of two years, at which point Shoe Co hopes to introduce a new type of Smart Shoe with even more advanced technology. Shoe Co plans to use life cycle costing to work out the total production cost of the Smart Shoe and the total estimated profit for the two-year period.Shoe Co has spent $5·6m developing the Smart Shoe. The time spent on this development meant that the company missed out on the opportunity of earning an estimated $800,000 contribution from the sale of another product.The company has applied for and been granted a ten-year patent for the technology, although it must be renewed each year at a cost of $200,000. The costs of the patent application were $500,000, which included $20,000 for the salary costs of Shoe Co’s lawyer, who is a permanent employee of the company and was responsible for preparing the application.The following information is also available for the next two years:Shoe Co is still negotiating with marketing companies with regard to its advertising campaign, so is uncertain as to what the total marketing costs will be each year. However, the following information is available as regards the probabilities of the range of costs which are likely to be incurred:Required:Applying the principles of life cycle costing, calculate the total expected profit for Shoe Co for the two-year period.(10 marks)
考题
Following a competitive tender, your audit firm Cal Co has just gained a new audit client Tirrol Co. You are the manager in charge of planning the audit work. Tirrol Co’s year end is 30 June 2009 with a scheduled date to complete the audit of 15 August 2009. The date now is 3 June 2009.Tirrol Co provides repair services to motor vehicles from 25 different locations. All inventory, sales and purchasing systems are computerised, with each location maintaining its own computer system. The software in each location isthe same because the programs were written specifically for Tirrol Co by a reputable software house. Data from each location is amalgamated on a monthly basis at Tirrol Co’s head office to produce management and financial accounts.You are currently planning your audit approach for Tirrol Co. One option being considered is to re-write Cal Co’s audit software to interrogate the computerised inventory systems in each location of Tirrol Co (except for head office)as part of inventory valuation testing. However, you have also been informed that any computer testing will have to be on a live basis and you are aware that July is a major holiday period for your audit firm.Required:(a) (i) Explain the benefits of using audit software in the audit of Tirrol Co; (4 marks)(ii) Explain the problems that may be encountered in the audit of Tirrol Co and for each problem, explainhow that problem could be overcome. (10 marks)(b) Following a discussion with the management at Tirrol Co you now understand that the internal audit department are prepared to assist with the statutory audit. Specifically, the chief internal auditor is prepared to provide you with documentation on the computerised inventory systems at Tirrol Co. The documentation provides details of the software and shows diagrammatically how transactions are processed through the inventory system. This documentation can be used to significantly decrease the time needed to understand the computer systems and enable audit software to be written for this year’s audit.Required:Explain how you will evaluate the computer systems documentation produced by the internal auditdepartment in order to place reliance on it during your audit. (6 marks)
考题
(a) Contrast the role of internal and external auditors. (8 marks)(b) Conoy Co designs and manufactures luxury motor vehicles. The company employs 2,500 staff and consistently makes a net profit of between 10% and 15% of sales. Conoy Co is not listed; its shares are held by 15 individuals, most of them from the same family. The maximum shareholding is 15% of the share capital.The executive directors are drawn mainly from the shareholders. There are no non-executive directors because the company legislation in Conoy Co’s jurisdiction does not require any. The executive directors are very successful in running Conoy Co, partly from their training in production and management techniques, and partly from their ‘hands-on’ approach providing motivation to employees.The board are considering a significant expansion of the company. However, the company’s bankers areconcerned with the standard of financial reporting as the financial director (FD) has recently left Conoy Co. The board are delaying provision of additional financial information until a new FD is appointed.Conoy Co does have an internal audit department, although the chief internal auditor frequently comments that the board of Conoy Co do not understand his reports or provide sufficient support for his department or the internal control systems within Conoy Co. The board of Conoy Co concur with this view. Anders Co, the external auditors have also expressed concern in this area and the fact that the internal audit department focuses work on control systems, not financial reporting. Anders Co are appointed by and report to the board of Conoy Co.The board of Conoy Co are considering a proposal from the chief internal auditor to establish an audit committee.The committee would consist of one executive director, the chief internal auditor as well as three new appointees.One appointee would have a non-executive seat on the board of directors.Required:Discuss the benefits to Conoy Co of forming an audit committee. (12 marks)
考题
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)
考题
(a) An assistant of yours has been criticised over a piece of assessed work that he produced for his study course for giving the definition of a non-current asset as ‘a physical asset of substantial cost, owned by the company, which will last longer than one year’.Required:Provide an explanation to your assistant of the weaknesses in his definition of non-current assets whencompared to the International Accounting Standards Board’s (IASB) view of assets. (4 marks)(b) The same assistant has encountered the following matters during the preparation of the draft financial statements of Darby for the year ending 30 September 2009. He has given an explanation of his treatment of them.(i) Darby spent $200,000 sending its staff on training courses during the year. This has already led to animprovement in the company’s efficiency and resulted in cost savings. The organiser of the course has stated that the benefits from the training should last for a minimum of four years. The assistant has therefore treated the cost of the training as an intangible asset and charged six months’ amortisation based on the average date during the year on which the training courses were completed. (3 marks)(ii) During the year the company started research work with a view to the eventual development of a newprocessor chip. By 30 September 2009 it had spent $1·6 million on this project. Darby has a past historyof being particularly successful in bringing similar projects to a profitable conclusion. As a consequence theassistant has treated the expenditure to date on this project as an asset in the statement of financial position.Darby was also commissioned by a customer to research and, if feasible, produce a computer system toinstall in motor vehicles that can automatically stop the vehicle if it is about to be involved in a collision. At30 September 2009, Darby had spent $2·4 million on this project, but at this date it was uncertain as towhether the project would be successful. As a consequence the assistant has treated the $2·4 million as anexpense in the income statement. (4 marks)(iii) Darby signed a contract (for an initial three years) in August 2009 with a company called Media Today toinstall a satellite dish and cabling system to a newly built group of residential apartments. Media Today willprovide telephone and television services to the residents of the apartments via the satellite system and payDarby $50,000 per annum commencing in December 2009. Work on the installation commenced on1 September 2009 and the expenditure to 30 September 2009 was $58,000. The installation is expectedto be completed by 31 October 2009. Previous experience with similar contracts indicates that Darby willmake a total profit of $40,000 over the three years on this initial contract. The assistant correctly recordedthe costs to 30 September 2009 of $58,000 as a non-current asset, but then wrote this amount down to$40,000 (the expected total profit) because he believed the asset to be impaired.The contract is not a finance lease. Ignore discounting. (4 marks)Required:For each of the above items (i) to (iii) comment on the assistant’s treatment of them in the financialstatements for the year ended 30 September 2009 and advise him how they should be treated underInternational Financial Reporting Standards.Note: the mark allocation is shown against each of the three items above.
考题
You are the audit supervisor of Maple Co and are currently planning the audit of an existing client, Sycamore Science Co (Sycamore), whose year end was 30 April 2015. Sycamore is a pharmaceutical company, which manufactures and supplies a wide range of medical supplies. The draft financial statements show revenue of $35·6 million and profit before tax of $5·9 million.Sycamore’s previous finance director left the company in December 2014 after it was discovered that he had been claiming fraudulent expenses from the company for a significant period of time. A new finance director was appointed in January 2015 who was previously a financial controller of a bank, and she has expressed surprise that Maple Co had not uncovered the fraud during last year’s audit.During the year Sycamore has spent $1·8 million on developing several new products. These projects are at different stages of development and the draft financial statements show the full amount of $1·8 million within intangible assets. In order to fund this development, $2·0 million was borrowed from the bank and is due for repayment over a ten-year period. The bank has attached minimum profit targets as part of the loan covenants.The new finance director has informed the audit partner that since the year end there has been an increased number of sales returns and that in the month of May over $0·5 million of goods sold in April were returned.Maple Co attended the year-end inventory count at Sycamore’s warehouse. The auditor present raised concerns that during the count there were movements of goods in and out the warehouse and this process did not seem well controlled.During the year, a review of plant and equipment in the factory was undertaken and surplus plant was sold, resulting in a profit on disposal of $210,000.Required:(a) State Maples Co’s responsibilities in relation to the prevention and detection of fraud and error. (4 marks)(b) Describe SIX audit risks, and explain the auditor’s response to each risk, in planning the audit of Sycamore Science Co. (12 marks)(c) Sycamore’s new finance director has read about review engagements and is interested in the possibility of Maple Co undertaking these in the future. However, she is unsure how these engagements differ from an external audit and how much assurance would be gained from this type of engagement.Required:(i) Explain the purpose of review engagements and how these differ from external audits; and (2 marks)(ii) Describe the level of assurance provided by external audits and review engagements. (2 marks)
考题
The following information is available for a manufacturing company which produces multiple products:(i) The product mix ratio(ii) Contribution to sales ratio for each product(iii) General fixed costs(iv) Method of apportioning general fixed costsWhich of the above are required in order to calculate the break-even sales revenue for the company?A.All of the aboveB.(i), (ii) and (iii) onlyC.(i), (iii) and (iv) onlyD.(ii) and (iii) only
考题
You are the audit manager of Chestnut Co and are reviewing the key issues identified in the files of two audit clients.Palm Industries Co (Palm)Palm’s year end was 31 March 2015 and the draft financial statements show revenue of $28·2 million, receivables of $5·6 million and profit before tax of $4·8 million. The fieldwork stage for this audit has been completed.A customer of Palm owed an amount of $350,000 at the year end. Testing of receivables in April highlighted that no amounts had been paid to Palm from this customer as they were disputing the quality of certain goods received from Palm. The finance director is confident the issue will be resolved and no allowance for receivables was made with regards to this balance.Ash Trading Co (Ash)Ash is a new client of Chestnut Co, its year end was 31 January 2015 and the firm was only appointed auditors in February 2015, as the previous auditors were suddenly unable to undertake the audit. The fieldwork stage for this audit is currently ongoing.The inventory count at Ash’s warehouse was undertaken on 31 January 2015 and was overseen by the company’s internal audit department. Neither Chestnut Co nor the previous auditors attended the count. Detailed inventory records were maintained but it was not possible to undertake another full inventory count subsequent to the year end.The draft financial statements show a profit before tax of $2·4 million, revenue of $10·1 million and inventory of $510,000.Required:For each of the two issues:(i) Discuss the issue, including an assessment of whether it is material;(ii) Recommend ONE procedure the audit team should undertake to try to resolve the issue; and(iii) Describe the impact on the audit report if the issue remains UNRESOLVED.Notes:1 The total marks will be split equally between each of the two issues.2 Audit report extracts are NOT required.
考题
资料：From: Peter Manx pmanx@bettertraining.co.au
To: John Morgan jmorgan@ISB.co.au
Date: March 23
Subject: Better Training Ltd.
Dear Mr. Morgan,
As a leading human resource specialist, Better Training Ltd. is uniquely able to respond to your current training needs. Please take the time to review the attached brochure. I am confident that you will find courses of immediate relevance to ISB International Ltd.
Our standard curriculum covers topics such as managerial development, technical training, sales, marketing, and more. Our instructors-professionals and leaders in their fields-conduct engaging seminars while maintaining the quality for which we are known. In addition to our regular courses, we can deliver individually tailored programs at the location of your choice.
I am certain that your organization will benefit from our services Contact us today to see how we can help your employees increase their technical and professional expertise.
Sincerely,
Peter Manx
President
What does Peter Manx hope to arrange?
A.business relationship with ISB International.
B.Assistance with an advertising campaign.
C.Revisions of a company brochure.
D.Technical support for Better Training staff.
考题
资料：From: Peter Manx pmanx@bettertraining.co.au
To: John Morgan jmorgan@ISB.co.au
Date: March 23
Subject: Better Training Ltd.
Dear Mr. Morgan,
As a leading human resource specialist, Better Training Ltd. is uniquely able to respond to your current training needs. Please take the time to review the attached brochure. I am confident that you will find courses of immediate relevance to ISB International Ltd.
Our standard curriculum covers topics such as managerial development, technical training, sales, marketing, and more. Our instructors-professionals and leaders in their fields-conduct engaging seminars while maintaining the quality for which we are known. In addition to our regular courses, we can deliver individually tailored programs at the location of your choice.
I am certain that your organization will benefit from our services Contact us today to see how we can help your employees increase their technical and professional expertise.
Sincerely,
Peter Manx
President
What is NOT mentioned in the e-mail?
A.Reasonable prices.
B.Useful course content.
C.Flexible arrangements.
D.Well qualified teachers.
考题
A customer has purchased three IBM System Storage DS8300 systems and would like to have their SAN and storage administrator trained. The customer is worried about having much of their staff out of the office at the same time attending courses. Which training alternative provides the necessary training with the least impact（）A、purchase the training CD for the disk subsystem and have the staff do self-paced trainingB、have the IBM Service Support Representative perform the trainingC、contact IBM Education Services for an onsite training classD、send one person at a time to an IBM training session
考题
问答题Practice 1 ● You are the training manager of a company which has won a large export order. You have been asked to organise foreign language training for some of your staff. ● Write a memo to staff: ● explaining why the courses are necessary, ● saying which members of staff should attend, ● announcing when the courses will start. ● Write 40-50 words on a separate sheet.
考题
单选题Passage2The way people work has changed. The increasing use of technology presents new and continual challenges to small and large businesses，employees and managers，teachers and students.Everyone，it seems，is being affected by the technological revolution. Store clerks，for example，now use increasingly complex computerized cash registers，while university professors must learn to adapt their teaching skills in order to lead distance learning course.In today's world，training and learning do not stop when we finish school；they must now continue throughout our working lives. The Hong Kong government conducted a survey on the employment concerns，and training needs of its workforce. For many managers and other professionals the biggest challenge，as well as change，in the workplace，was the increased use of computers and computerized machinery or equipment. The need for experienced employees who could use this kind of equipment rose drastically. Many of those in the workplace at this time experienced changes in job requirements and had to attend job-related training or re-training courses.The changing work environment is also affecting education and how we learn. In Finland, a report on strategies for education and training in the information age discussed the changing roles of both teacher and student. With the increased use of technology and the growth of distance learning, the teacher has become more of a tutor who guides a student, rather than a lecturer. In turn, the student has to take more responsibility for his or her learning in the absence of direct teacher contact. The report also stressed that high school and university students should learn computer skills in order to cope with the demands of the future workplace.The Finnish report also highlighted the need for teacher training, and re-training, and suggested that the salaries and job descriptions of teachers be reviewed because of future demands expected in their jobs. Previously university professors may have held lectures between the weekday hours of 9:00A.M. and 5:00 P.M. in large halls filled with students. Now, they may spend part of their day lecturing larger groups of students on campus, and then conduct afternoon or evening classes online, with students in five different countries.As technologies grow and develop, ongoing training will continue to be necessary. To be successful in the workplace, people will not stop learning when they leave school-lifelong learning will become a way of life.From the first paragraph of the passage we know that_______.A
everyone has to learn how to use complex computersB
technological revolution has brought changes to people's workC
the use of new technology has got small business into large onesD
even university professors have to learn the new technology in distance courses
考题
单选题Which of the following measures has iMOVE taken to guarantee its high standards?A
Offering different language courses.B
Providing modern training facilities.C
Starting training courses overseas.D
Developing quality standards.
考题
单选题Which definition best describes the staff training service component within the implement phase？ Select exactly 1 answer（s） from the following：（）。A
improving the network management system and the performance and functionality of infrastructure operationsB
providing a step-by-step plan that details the installation and service-commission tasks required in order to create a controlled-implementation environment that emulates a customer networkC
developing and implementing a training plan using classes， workshops， or c-learning coursesD
compiling a training manual for use in ongoing operationsE
reducing the risk of downtime due to facilities-related problems
热门标签
最新试卷
