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The units of production depreciation method matches expenses against revenue the best.()
A.正确
B.错误
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A.正确
B.错误
P Co makes two products – P1 and P2 – budgeted details of which are as follows:
The fixed overhead costs included in P1 relate to apportionment of general overhead costs only. However, P2 also includes specific fixed overheads totalling $2,500.
If only product P1 were to be made, how many units (to the nearest unit) would need to be sold in order to achieve a profit of $60,000 each year?
A.25,625 units
B.19,205 units
C.18,636 units
D.26,406 units
Initial investment $2 million
Selling price (current price terms) $20 per unit
Expected selling price inflation 3% per year
Variable operating costs (current price terms) $8 per unit
Fixed operating costs (current price terms) $170,000 per year
Expected operating cost inflation 4% per year
The research and development division has prepared the following demand forecast as a result of its test marketing trials. The forecast reflects expected technological change and its effect on the anticipated life-cycle of Product W33.
It is expected that all units of Product W33 produced will be sold, in line with the company’s policy of keeping no inventory of finished goods. No terminal value or machinery scrap value is expected at the end of four years, when production of Product W33 is planned to end. For investment appraisal purposes, PV Co uses a nominal (money) discount rate of 10% per year and a target return on capital employed of 30% per year. Ignore taxation.
Required:
(a) Identify and explain the key stages in the capital investment decision-making process, and the role of
investment appraisal in this process. (7 marks)
(b) Calculate the following values for the investment proposal:
(i) net present value;
(ii) internal rate of return;
(iii) return on capital employed (accounting rate of return) based on average investment; and
(iv) discounted payback period. (13 marks)
(c) Discuss your findings in each section of (b) above and advise whether the investment proposal is financially acceptable. (5 marks)
The following scenario relates to questions 6–10.
Corfe Co is a business which manufactures computer laptop batteries and it has developed a new battery which has a longer usage time than batteries currently available in laptops. The selling price of the battery is forecast to be $45.
The maximum production capacity of Corfe Co is 262,500 units. The company’s management accountant is currently preparing an annual flexible budget and has collected the following information so far:
In addition to the above costs, the management accountant estimates that for each increment of 50,000 units produced, one supervisor will need to be employed. A supervisor’s annual salary is $35,000.
The production manager does not understand why the flexible budgets have been produced as he has always used a fixed budget previously
Assuming the budgeted figures are correct, what would the flexed total production cost be if production is 80% of maximum capacity?
A.$2,735,000
B.$2,770,000
C.$2,885,000
D.$2,920,000
In the first month of production of the new battery, actual sales were 18,000 units and the sales revenue achieved was $702,000. The budgeted sales units were 17,300.
Based on this information, which of the following statements is true?
A.When the budget is flexed, the sales variance will include both the sales volume and sales price variances
B.When the budget is flexed, the sales variance will only include the sales volume variance
C.When the budget is flexed, the sales variance will only include the sales price variance
D.When the budget is flexed, the sales variance will include the sales mix and quantity variances and the sales price variance
Which of the following statements relating to the preparation of a flexible budget for the new battery are true?
(1) The budget could be time-consuming to produce as splitting out semi-variable costs may not be straightforward
(2) The range of output over which assumptions about how costs will behave could be difficult to determine
(3) The flexible budget will give managers more opportunity to include budgetary slack than a fixed budget
(4) The budget will encourage all activities and their value to the organisation to be reviewed and assessed
A.1 and 2 only
B.1, 2 and 3
C.1 and 4
D.2, 3 and 4
The management accountant intends to use a spreadsheet for the flexible budget in order to analyse performance of the new battery.
Which of the following statements are benefits regarding the use of spreadsheets for budgeting?
(1) The user can change input variables and a new version of the budget can be quickly produced
(2) Errors in a formula can be easily traced and data can be difficult to corrupt in a spreadsheet
(3) A spreadsheet can take account of qualitative factors to allow decisions to be fully evaluated
(4) Managers can carry out sensitivity analysis more easily on a budget model which is held in a spreadsheet
A.1, 3 and 4
B.1, 2 and 4
C.1 and 4 only
D.2 and 3
The management accountant has said that a machine maintenance cost was not included in the flexible budget but needs to be taken into account.
The new battery will be manufactured on a machine currently owned by Corfe Co which was previously used for a product which has now been discontinued. The management accountant estimates that every 1,000 units will take 14 hours to produce. The annual machine hours and maintenance costs for the machine for the last four years have been as follows:
What is the estimated maintenance cost if production of the battery is 80% of maximum capacity (to the nearest $’000)?
A.$575,000
B.$593,000
C.$500,000
D.$735,000
请帮忙给出每个问题的正确答案和分析,谢谢!
A.concrete; allomorphs
B.abstract; morphs
C.abstract; lexemes
D.concrete; morphs
A documentary credit which allows partial shipments has the following shipment schedule:
1,000 units shipped between 01 June ×××× and 30 June ××××
2,000 units shipped between 01 July ×××× and 31 July ××××
2,000 units shipped between 01 August ×××× and 31 August ××××
3,000 units shipped between 01 September ×××× and 30 September ××××
The beneficiary shipped the goods and presented documents as follows:
A. 1,000 units shipped on 15 June ×××× and documents presented on 30 June ××××
B. 3,000 units shipped on 15 July ×××× and presented on 28 July ××××
C. 2,000 units shipped on 31 July ×××× and presented on 15 August ××××
D. 3,000 units shipped on 15 September ×××× and presented on 30 September ××××
Which of the above sets of documents are complying?
(1)( )A only.
(2)( )C only.
(3)( )A and D only.
(4)( )A, B and D only.
What are the functions of those conceptual units as described by Woods(1996)in language teaching?
A.bunches
B.bundles
C.units
D.pieces
A.storage B.device C.network D.processor