Sky Systems Ltd: Website DirectoryA. Company HistoryB. Company OrganisationC. Annual Repor

ons 1-5, decide which stand (A-H) is the most suitable for each person below to select. For each question, mark one letter (A-H) on your Answer Sheet. Do not use any letter more than once.

Sky Systems Ltd: Website Directory

A Company History

B Company Organisation

C Annual Report

D Company Goals

E Product Information

F Retail Outlets

G Customer Complaints

H Latest News

Adam Smith is not satisfied with some goods he bought.

A.

B.

C.

D.

E.

F.

G.

H.

A CIP System: Internal Telephone Systems

B Bertix pie: Top-of-the-Range Portable Computers

C Aurora Ltd: Hands-Free Mobile Phones for Vehicles

D FastCo Ltd: Distribution Services

E Tops Recruitment Agency: Specialists in Management

F HTML Ltd: Website Marketing and Internet Advertising

G Journey. com: Travel Agency for the Business Executive

H FTA: Finance for Training

Sally Green imports computer hardware and needs a company to transport it from the port to her chain of stores.

TRADE FAIR STANDS

A CIP System: Internal Telephone Systems

B Bertix pie: Top-of-the-Range Portable Computers

C Aurora Ltd: Hands-Free Mobile Phones for Vehicles

D FastCo Ltd: Distribution Services

E Tops Recruitment Agency: Specialists in Management

F HTML Ltd: Website Marketing and Internet Advertising

G Journey. com: Travel Agency for the Business Executive

H FTA: Finance for Training

Sally Green imports computer hardware and needs a company to transport it from the port to her chain of stores.

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)

ilable in respect of the year

ended 30 September 2005:

Trading loss

The trading loss is ￡32,800. This figure is before taking account of capital allowances.

The equipment sold on 1 November 2004 for ￡12,800 originally cost ￡27,400. Motor car (2), purchased on

19 May 2005, is a low emission motor car (CO2 emission rate of less than 120 grams per kilometre).

The cost of the new freehold office building purchased on 20 September 2005 included ￡8,500 for the central

heating system, ￡7,200 for sprinkler equipment and the fire alarm system, ￡10,700 for the electrical and lighting

systems, and ￡7,050 for the ventilation system.

Thai Curry Ltd is a small company as defined by the Companies Acts.

Industrial building

On 1 October 2004 Thai Curry Ltd purchased a second-hand factory for ￡360,000 (excluding the cost of land). The

factory was originally constructed at a cost of ￡300,000 (excluding the cost of land), and was first brought into use

for industrial purposes on 1 October 1999. The factory was not used for industrial purposes during the period

1 October 2001 to 31 March 2003, but returned to industrial use from 1 April 2003 until the date of sale. The

previous owner of the factory prepared accounts to 31 March.

Income from property

Thai Curry Ltd lets out two warehouses that are surplus to requirements.

The first warehouse was let from 1 October 2004 until 31 May 2005 at a monthly rent of ￡2,200. On that date the

tenant left owing two months rent which Thai Curry Ltd was not able to recover. During August 2005 ￡8,800 was

spent on painting the warehouse. The warehouse was not re-let until 1 October 2005.

The second warehouse was empty from 1 October 2004 until 31 January 2005, but was let from 1 February 2005.

On that date Thai Curry Ltd received a premium of ￡60,000 for the grant of a four-year lease, and the annual rent of

￡18,000 which is payable in advance.

Loan interest received

Loan interest of ￡8,000 was received on 30 June 2005, and ￡3,500 was accrued at 30 September 2005. The loan

was made for non-trading purposes.

Dividends received

During the year ended 30 September 2005 Thai Curry Ltd received dividends of ￡36,000 from African Spice plc, an

unconnected UK company. This figure was the actual cash amount received.

Profit on disposal of shares

On 28 July 2005 Thai Curry Ltd sold 10,000 ￡1 ordinary shares in African Spice plc, making a capital gain of

￡155,300 on the disposal.

Other information

Thai Curry Ltd has three associated companies.

Required:

(a) Calculate Thai Curry Ltd’s tax adjusted trading loss for the year ended 30 September 2005. You should

assume that the company claims the maximum available capital allowances. (14 marks)

听力原文： The Global Positioning System (GPS) has become indispensable for soldiers, pilots, hikers, yachtsmen, even bankers, ever since the U.S. Department of Defense started filling the sky with satellites about 25 years ago, in order to improve navigation for fighters, bombers and warships. More recently, GPS has allowed the development of precision-guided weapons, the smart bombs that home in on targets: between Serbia four years ago and this year's Iraq war, the proportion of such bombs used rose from no more than 3 percent to at least 60 percent.

However, the GPS is also an essential prop to countless civil applications; for every military user, there are now 100 civilian users. It provides not only satellite-navigator systems in cars and boats; it is used by Internet service providers, by banks and by surveyors. One day it might be used by air traffic control systems to permit "free flight", in which pilots of commercial aircraft find their own route and stay clear of other aircraft, without the cumbersome business of radio telephone contact with controllers on the ground.

Which of the following statements is the most appropriate title for the passage？

A．The Origins of GPS

B．The Advantages of GPS

C．The Future of GPS

D．The Increasing Uses of GPS: Military and Civilian

听力原文： The Global Positioning System (GPS) has become indispensable for soldiers, pilots, hikers, yachtsmen, even bankers, ever since the U.S. Department of Defense started filling the sky with satellites about 25 years ago, in order to improve navigation for fighters, bombers and warships. More recently, GPS has allowed the development of precision-guided weapons, the smart bombs that home in on targets: between Serbia four years ago and this year's Iraq war, the proportion of such bombs used rose from no more than 3 percent to at least 60 percent.

However, the GPS is also an essential prop to countless civil applications; for every military user, there are now 100 civilian users. It provides not only satellite-navigator systems in cars and boats; it is used by Internet service providers, by banks and by surveyors. One day it might be used by air traffic control systems to permit "free flight", in which pilots of commercial aircraft find their own route and stay clear of other aircraft, without the cumbersome business of radio telephone contact with controllers on the ground.

Which of the following statements is the most appropriate title for the passage？

A．The Origins of GPS

B．The Advantages of GPS

C．The Future of GPS

D．The Increasing Uses of GPS: Military and Civilian

A.Misalignment

B.Length

C.Strength

D.Stresse