The McIntyre Resort (MR), which is privately owned, is a world famous luxury hotel and gol

The McIntyre Resort (MR), which is privately owned, is a world famous luxury hotel and golf complex. It has been chosen as the venue to stage ‘The Robyn Cup’, a golf tournament which is contested by teams of golfers from across the globe, which is scheduled to take place during July 2009. MR will offer accommodation for each of the five nights on which guests would require accommodation.

The following information is available regarding the period of the tournament:

(1) Hotel data:

Total rooms 2,400

Room mix:

Double rooms 75%

Single rooms 15%

Family rooms 10%

Fee per room per night ($):

Double rooms 400

Single rooms 300

Family rooms 600

Number of guests per room:

Double rooms 2

Single rooms 1

Family rooms 4

When occupied, all rooms will contain the number of guests as above.

Costs:

Variable cost per guest per night $100

Attributable fixed costs for the five-day period:

Double rooms $516,000

Single and family rooms (total) $300,000

(2) Accommodation for guests is provided on an all-inclusive basis (meals, drinks, entertainment etc).

(3) The objective of the hotel management is to maximise profit.

(4) The hotel management expect all single and family rooms to be ‘sold out’ for each of the five nights of the

tournament. However, they are unsure whether the fee in respect of double rooms should be increased or

decreased. At a price of $400 per room per night they expect an occupancy rate of 80% of available double

rooms. For each $10 increase/decrease they expect the number of rooms to decrease/increase by 40.

Required:

(a) (i) Calculate the profit-maximising fee per double room that MR should charge per night during the

tournament; (6 marks)

(ii) Calculate how much profit would be earned from staging the tournament as a consequence of charging

that fee. (4 marks)

(b) The management of the hotel are concerned by the level of variable costs per guest night to be incurred in respect of the tournament. A recent review of proposed operational activities has concluded that variable cost per guest per night in all rooms in the hotel would be reduced by 20% if proposed changes in operational activities were made. However, this would result in additional attributable fixed costs amounting to $200,000 in respect of the five day period.

Required:

Advise management whether, on purely financial grounds, they should make the proposed changes in

operational activities. (6 marks)

(c) Discuss TWO initiatives that management might consider in order to further improve the profit from staging the golf tournament. (4 marks)

请帮忙给出正确答案和分析,谢谢!

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(a) The senior management of Universal University (UU) intend to develop both quantitative

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(4) In an attempt to gain new business, consultants may undertake consultations on a ‘no-fee’ basis. Such

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请帮忙给出正确答案和分析,谢谢!

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1 The Sentinel Company (TSC) offers a range of door-to-door express delivery services. The company operates using a

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deliveries will be made to the customers.

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(6) Bonuses for the management team and all employees at each depot are payable quarterly. The bonus is based

on the achievement of a series of target values by each depot.

(7) Internal benchmarking is used at TSC in order to provide sets of absolute standards that all depots are expected

to attain.

(8) (a) The Appendix shows the target values and the actual values achieved for each of a sample group of four

depots situated in Donatellotown (D), Leonardotown (L), Michaelangelotown (M), and Raphaeltown (R).

(b) The target values focus on three areas:

(i) depot revenue and profitability;

(ii) customer care and service delivery; and

(iii) credit control and administrative efficiency.

(c) The bonus is based on a points system, which is also used as a guide to the operational effectiveness at

each depot. One point is allocated where the target value for each item in the Appendix is either achieved

or exceeded, and a zero score where the target is not achieved.

Note: TSC operates all year round.

4

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(a) Prepare a report for the directors of TSC which:

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should facilitate the ranking of each depot against the others for each of the 12 measures provided in

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请帮忙给出正确答案和分析,谢谢!

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

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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

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(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)

请帮忙给出正确答案和分析,谢谢!

4 Healthfoods Ltd (HFL) is a well-established company which markets fruit and vegetables u

4 Healthfoods Ltd (HFL) is a well-established company which markets fruit and vegetables under their ‘Good Health’

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fruit and vegetables. The directors are now planning to market organic mushrooms which have a unique eating quality

and will be the most nutritious mushrooms available on the market.

The finance director has collated the following information regarding the proposed introduction and sale of organic

mushrooms within Ateland:

(1) HFL will purchase the organic mushrooms from Orgmush Ltd (OML) and sell them at each of its 6 outlets within

Ateland. Sales volumes of organic mushrooms are expected to be at the same level at each outlet.

(2) OML, which is the only grower of this particular type of organic mushroom within Ateland, has offered HFL a

choice of four different contracts in respect of the forthcoming year. OML has the capacity to produce 360,000

kilograms of organic mushrooms for each of the 6 outlets.

The cost incurred by HFL in respect of organic mushrooms will vary according to contract size, as shown in the

following table:

请帮忙给出正确答案和分析,谢谢!

4 Diverse Holdings Plc has five wholly-owned subsidiary companies. These are:(i) Organic F

4 Diverse Holdings Plc has five wholly-owned subsidiary companies. These are:

(i) Organic Foods Ltd (OFL) which is involved in the production and sale of organically grown fruit and vegetables.

OFL has built up a very good reputation as a supplier of quality produce.

(ii) Haul-Trans Ltd (HTL) which was acquired on 1 December 2005 and is involved in transporting a range of

products on behalf of third parties.

(iii) Kitchen Appliances Ltd (KAL) which is involved in the manufacture and sale of small, manually-operated kitchen

appliances. KAL has recently suffered from squeezed margins as a consequence of competition from low cost

imports.

(iv) Paper Supplies Ltd (PSL) which manufactures and sells a narrow range of stationery products to two distributors.

(v) Office Products Ltd (OPL) which manufactures and sells computer workstations with unique design features

which are highly regarded by health and safety experts.

The management accountant of Diverse Holdings Plc has gathered the following actual and forecast information

relating to the five subsidiaries:

Required:

(a) Identify and comment on FOUR advantages that may be gained as a result of the adoption of a formal system

of strategic planning. (4 marks)

请帮忙给出正确答案和分析,谢谢!

4 GMB Co designs, produces and sells a number of products. Functions are recognised from d

4 GMB Co designs, produces and sells a number of products. Functions are recognised from design through to the

distribution of products. Within each function, a number of activities may be distinguished and a principal driver

identified for each activity.

Each sales order will normally comprise a number of batches of any one of a range of products. The company is active

in promoting, where possible, a product focus for design, dedicated production lines and product marketing. It also

recognises that a considerable level of expenditure will relate to supporting the overall business operation.

It is known that many costs may initially be recognised at the unit, batch, product sustaining (order) or

business/facility sustaining (overall) levels. A list of expense items relating to Order Number 377 of product Zeta is

shown below. The methods of calculating the values for Order Number 377 shown below are given in brackets

alongside each expense item. These methods also indicate whether the expense items should be regarded as product

unit, batch, product sustaining (order) or business/facility sustaining (overall) level costs. The expense items are not

listed in any particular sequence. Each expense item should be adjusted to reflect its total cost for

Order Number 377.

Order Number 377 comprises 5,000 units of product Zeta. The order will be provided in batches of 1,000 product

units.

请帮忙给出正确答案和分析,谢谢!

4 The Dental Health Partnership was established in 1992 and provides dentistry and other r

4 The Dental Health Partnership was established in 1992 and provides dentistry and other related services to the

population of Blaintopia, a country in which the public health service is partially funded by the Government.

Additional information relating to the Dental Health Partnership for the year ended 31 May 2005 is as follows:

(1) The partnership was open for five days per week during 48 weeks of the year.

(2) Each dentist treated 20 patients per day. The maximum number of patients that could have been treated by a

dentist on any working day was 24 patients.

(3) (i) The partnership received a payment from the government each time any patient was consulted as shown in

the following table:

Required:

(a) Prepare a summary Profit and Loss Account of the Dental Health Partnership for the year ended

31 May 2005 and calculate the percentage of maximum capacity that was required to be utilised in order

to break even in the year ended 31 May 2005. (12 marks)

请帮忙给出正确答案和分析,谢谢!

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

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

develops bespoke software packages on behalf of clients. When requested to do so, SSH also provides training to

clients’ staff in the use of these software packages. On 1 December 2006, the directors of SSH established a similar

semi-autonomous operation in Karendia. All software packages are produced in Bonlandia and transferred to Karendia

at cost plus attributable overheads i.e. there is no mark-up on the software packages transferred from Bonlandia to

Karendia.

Karendia is a country in which the structure of industry has changed during recent years. There has been a major

shift from traditional manufacturing businesses to service orientated businesses which place a far greater emphasis

upon the use of business software.

The operational managers in both Bonlandia and Karendia have no control over company policies in respect of

acquisitions and financing.

The operational manager of Bonlandia receives a bonus of 40% of his basic salary for meeting all client delivery

deadlines in respect of Karendia. At a recent meeting he instructed his staff to ‘install client software by the due date

and we’ll worry about fixing any software problems after it’s been installed. After all, we always fix software problems

eventually’. He also stated that ‘it is of vital importance that we grow our revenues in Karendia as quickly as possible.

Our clients in Karendia might complain but they have spent a lot of money on our software products and will not be

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

disruption’.

Financial data (all stated on an actual basis) in respect of the two divisions for the two years ended 30 November

2007 and 2008 are shown on the next page:

Required:

(a) Assess the financial performance of SSH and its operations in Bonlandia and Karendia during the years

ended 30 November 2007 and 2008.

Note: you should highlight additional information that would be required in order to provide a more

comprehensive assessment of the financial performance of each operation. (14 marks)

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