1 Wonderland plc, which is based in Robynland, owns Cinola Island which is located off the

1 Wonderland plc, which is based in Robynland, owns Cinola Island which is located off the coast of Robynland. On

Cinola Island, Wonderland plc operates a circus and zoological gardens (zoo) both of which are open for 365 days

per annum. The circus, which is widely regarded as the best in the world, can accommodate a maximum of 14,000

visitors per day. The zoological gardens, which opened on 1 December 1999, can accommodate a maximum of

20,000 visitors per day. Visitors travel to and from Cinola Island using petrol-driven ferries owned by Wonderland plc.

There is no other mode of transport to and from Cinola Island.

The following information is available in respect of the year ended 30 November 2006 and the year ending

30 November 2007.

(1) The zoo and circus were open on each day of the year. The circus performed once per day and was always

operated at maximum capacity.

(2) Three types of ticket were sold as follows:

Note: The petrol-driven ferries were fully depreciated as at 1 December 2006.

(7) Wonderland plc received an annual fee of £10 million from an International media group under a fixed-term

contract of three years’ duration. The contract commenced on 1 December 2005 and relates to the rights to

televise programmes which were filmed in the zoo and therefore the fee should be regarded as relating to the

zoo.

(8) Admission fees to the zoo and circus will be increased by 5% with effect from 1 December 2006. Transport fees

will remain unchanged.

(9) It is anticipated that all operating costs will increase by 4% per annum due to the impact of inflation during the

year ending 30 November 2007.

(10) The management of Wonderland plc expect that the number of visitors, visitor mix and ticket mix will remain

unchanged during the year ending 30 November 2007.

(11) Ignore taxation.

Required:

(a) Prepare the budgeted profit and loss account for Wonderland plc for the year ending 30 November 2007.

(9 marks)

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2 The Superior Software House (SSH) commenced trading on 1 December 2002 in the country of

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able to go to any of our competitors once we have installed our software as all their businesses would suffer huge

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请帮忙给出正确答案和分析,谢谢!

1 NB Candidates are advised to read all of the information including that contained in tab

1 NB Candidates are advised to read all of the information including that contained in tables 1, 2 and 3 before

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Quicklink Ltd operates in the distribution and haulage industry and has achieved significant growth since its formation

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The information contained in notes (i–vii) below relates to Quicklink Ltd in respect of the year ended 31 May

2005 and changes planned in the year ending 31 May 2006.

(i) Contracted clients were charged at the following rates during the year ended 31 May 2005: Mail £6 per delivery,

Parcels £10 per delivery and Machinery £200 per delivery.

(ii) Rates for non-contract clients during each of the years ended 31 May 2005 and year ending 31 May 2006,

were/are based upon the contracted client rates per delivery plus an additional percentage fee per delivery

charged to non-contract clients as follows:

Activity Additional Fee

Mail 40%

Parcel 20%

Machinery 50%

(iii) On 1 June 2003, Quicklink Ltd entered into a fixed price contract for the provision of fuel for its delivery vehicles

for the three-year period ending 31 May 2006. For the year ending 31 May 2006 fuel costs will be as follows:

(a) £0·10 per kilometre in respect of the delivery of mail and parcels

(b) £0·50 per kilometre in respect of the delivery of industrial machinery.

Each vehicle owned by Quicklink Ltd is in use for 340 days per annum.

(iv) Employee salaries were paid throughout the year ended 31 May 2005 at a rate of £26,400 per employee, per

annum.

(v) Sundry operating costs (excluding fuel and salaries) of Quicklink Ltd amounted to £3,000,000 during the year

ended 31 May 2005.

(vi) The board of directors expect that for the year ending 31 May 2006 the following will apply:

(a) contract rates of Quicklink Ltd business will increase by 5%

(b) sales volumes are expected to remain at the same level as in the year ended 31 May 2005

(c) salaries and other operating expenses will increase by 4%.

(vii) The board of directors agreed to purchase Celer Transport, an unincorporated business, which was founded in

December 2001. The purchase took effect on 1 June 2005. Celer Transport has main activities comprising the

delivery of mail, parcels and processed food. The managing director of Quicklink Ltd has expressed his view that

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to make a loss of £50,000 during the year ending 31 May 2006’.

The information contained in notes (viii–xii) below relates to the business of Celer Transport in respect of the year

ending 31 May 2006:

(viii) A distinctive competence of the Celer Transport business relates to its success in winning contracts with major

food producers. Each contract is for a fixed term of three years and all contracts were renewed on 1 June 2005.

Contract values per annum are as follows:

Number of contracts Value per contract (£)

4 225,000

6 150,000

9 100,000

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in application during the year ended 31 May 2005 as the basis of charging for mail and parcel deliveries to

Celer Transport clients during the year ending 31 May 2006. This is due to the fact that Quicklink Ltd had

higher client billing rates than Celer Transport and the board of directors recognised that it would have been

difficult to adopt company-wide billing rates with effect from 1 June 2005.

(2) During the year ended 31 May 2005 the billing rates of Celer Transport in respect of contract and noncontract

mail and parcel deliveries were 90% of the level of the rates charged by Quicklink Ltd.

(x) Fuel requirements for the Celer Transport business activities are forecast to cost £0·12 per kilometre for mail and

parcel deliveries and £0·60 per kilometre for deliveries of processed food. The fuel required for Celer Transport

business during the year ending 31 May 2006 cannot be provided under the current agreement entered into by

Quicklink Ltd as detailed in note (iii). Each Celer Transport vehicle is in use for 340 days per annum.

(xi) All Celer Transport employees will be paid on the same basis as Quicklink Ltd employees.

(xii) Sundry operating costs (excluding fuel and salaries) of the Celer Transport business will amount to £1,990,340.

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(a) Prepare, in columnar format, the budgeted profit and loss accounts for the year ending 31 May 2006 of:

(i) Quicklink Ltd;

(ii) Celer Transport; and

(iii) The combined entity. (16 marks)

请帮忙给出正确答案和分析,谢谢!

1 The Harding Law Partnership (HLP) provides legal services to commercial clients in the c

1 The Harding Law Partnership (HLP) provides legal services to commercial clients in the country of Strifeland. The

partnership commenced trading on 1 June 2001. Each of the advisors employed by HLP is a specialist in the

provision of legal services in respect of ONLY one of the following categories of work:

Property;

Commercial; or

Litigation.

Appendices 1.1 and 1.2 below show statistics (both budget and actual) for the twelve month period ended 31 May

2007 for HLP and also for a competitor, Merlin Advisory Services (MAS).

Additional information relating to HLP for the year ended 31 May 2007 is as follows:

(1) Fees charged per consultation (including subcontracted consultations)

Required:

(a) Using the information contained in Appendix 1.1, prepare budgeted and actual profit and loss statements for

HLP and also a profit and loss statement on an actual basis for MAS for the year ended 31 May 2007.

(14 marks)

请帮忙给出正确答案和分析,谢谢!

3 The Specialist Clothing Company Ltd (SCC Ltd) is a manufacturer of a wide range of cloth

3 The Specialist Clothing Company Ltd (SCC Ltd) is a manufacturer of a wide range of clothing. Its operations are

organised into five divisions which are as follows:

(i) Fashion

(ii) Industrial

(iii) Leisure

(iv) Children

(v) Footwear

The Fashion division manufactures a narrow range of high quality clothing which is sold to a leading retail store which

has branches in every major city in its country of operation. The products have very short life cycles.

The Industrial division manufactures a wide range of clothing which has been designed for use in industrial

environments. In an attempt to increase sales volumes, SCC Ltd introduced the sale of these products via mail order

with effect from 1 June 2005.

The Leisure division manufactures a narrow range of clothing designed for outdoor pursuits such as mountaineering

and sky diving, which it markets under its own, well-established ‘Elite’ brand label.

The Children division manufactures a range of school and casual wear which is sold to leading retail stores.

The Footwear division manufactures a narrow range of footwear.

The management accountant of SCC Ltd has gathered the following actual and forecast information relating to the five

divisions:

Required:

(a) Use the Boston Consulting Group matrix in order to assess the competitive position of SCC Ltd. (10 marks)

请帮忙给出正确答案和分析,谢谢!

1 The Health and Fitness Group (HFG), which is privately owned, operates three centres in

1 The Health and Fitness Group (HFG), which is privately owned, operates three centres in the country of Mayland.

Each centre offers dietary plans and fitness programmes to clients under the supervision of dieticians and fitness

trainers. Residential accommodation is also available at each centre. The centres are located in the towns of Ayetown,

Beetown and Ceetown.

The following information is available:

(1) Summary financial data for HFG in respect of the year ended 31 May 2008.

(2) HFG defines Residual Income (RI) for each centre as operating profit minus a required rate of return of 12% of

the total assets of each centre.

(3) At present HFG does not allocate the long-term borrowings of the group to the three separate centres.

(4) Each centre faces similar risks.

(5) Tax is payable at a rate of 30%.

(6) The market value of the equity capital of HFG is $9 million. The cost of equity of HFG is 15%.

2

(7) The market value of the long-term borrowings of HFG is equal to the book value.

(8) The directors are concerned about the return on investment (ROI) generated by the Beetown centre and they are

considering using sensitivity analysis in order to show how a target ROI of 20% might be achieved.

(9) The marketing director stated at a recent board meeting that ‘The Group’s success depends on the quality of

service provided to our clients. In my opinion, we need only to concern ourselves with the number of complaints

received from clients during each period as this is the most important performance measure for our business.

The number of complaints received from clients is a perfect performance measure. As long as the number of

complaints received from clients is not increasing from period to period, then we can be confident about our

future prospects’.

Required:

(a) The directors of HFG have asked you, as management accountant, to prepare a report providing them with

explanations as to the following:

(i) Which of the three centres is the most ‘successful’? Your report should include a commentary on return

on investment (ROI), residual income (RI), and economic value added (EVA) as measures of financial

performance. Detailed calculations regarding each of these three measures must be included as part of

your report;

Note: a maximum of seven marks is available for detailed calculations. (14 marks)

请帮忙给出正确答案和分析,谢谢!

1 The Geeland Bus Company (GBC) is a partly government-funded organisation which provides

1 The Geeland Bus Company (GBC) is a partly government-funded organisation which provides transport services to

the population of Geeland, a country which is divided into four regions i.e. Northern, Eastern, Southern and Western.

The Western region differs from the Northern, Eastern and Southern regions in that it is a rural area with a low

population.

The Terrific Transport Company (TTC) is a privately owned organisation which also provides transport services to the

population of Geeland. All TTC buses are luxuriously fitted; each passenger has their own television and all buses

have on-board catering facilities which serve a variety of drinks and snacks. The costs of these luxuries are included

in fares charged by TTC.

Both GBC and TTC operate from premises in the Northern region. GBC operates a bus service to and from the Eastern,

Southern and Western regions as well as a ‘Hopper’ service which takes passengers around all regions, other than

the Western region, within Geeland. TTC also operates a bus service to and from the Eastern and Southern regions of

Geeland as well as a Hopper service. TTC does not operate a service to and from the Western region.

The following information is available:

(1) A summary of the financial performance of GBC and TTC for the years ended 30 November 2006 and 2007 is

as follows:

(12) At a meeting of the board of directors held during 2007, the managing director of GBC stated that: ‘on no account

shall we discontinue the operation of our Western route’.

Required:

(a) Prepare a report on the operating performance and financial performance of GBC and TTC for the years

ended 30 November 2006 and 2007. As part of your report, you should include an appendix showing

detailed workings of how each of the six figures marked with an asterisk (*) in note 1 has been calculated.

(23 marks)

Note: 6 marks are available in respect of the six figures marked with an asterisk (*). 17 marks are available

for other calculations and discussion, including 4 professional marks.

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