A、increase profits
B、reduce risk
C、increase risk
D、all of the above
E、both (a) and (b) of the above
第2题
A.resources
B.budget
C.potential
D.consumption
第3题
B.The use of operating leases can be recognized as an off-balance-sheet financing technique.
C.The use of operating leases cannot be recognized as an off-balance-sheet financing technique.
第4题
(41)
A.develop
B.improve
C.change
D.conduct
第6题
The summary Balance Sheet of Billy Trading Company on 1 April 2003 was as follows:
$
Equipment (at cost) 180,000
Less: Provision for depreciation (68,400)
Stock 38,600
Debtors 50,000
Total assets 200,200
Financed by:
Share Capital 70,000
Revenue Reserves 50,000
10% debentures 70,000
Proposed dividends 2,200
Bank overdraft 8,000 200,200
Additional information:
1. The following sales, purchases and payment transactions are expected to occur in the next three months:
Sales Purchases Expenses
$ $ $
April 360,000 180,000 60,000
May 370,000 200,000 70,000
June 360,000 190,000 80,000
2. All sales are on credit basis and the collection pattern is expected as follows:
(a)80% of the money will be collected in the month of sales. It is estimated that 5% cash discount will be given for collections in this period.
(b)The remaining 20% of the money will be collected in the month subsequent to sales.
3. Payment to creditors is made in the month of purchases in order to take the advantage of 10% discount which is calculated on the gross purchase figures.
4. Depreciation of tide equipment is calculated at a rate of 15% per annum on cost. Depreciation charges have been included in the estimation of expenses for each month from April to June 2003.
5. Expenses are paid in the month in which they are incurred.
6. Stock levels are expected to remain unchanged throughout the period.
7. The proposed dividend will be paid in May 2003.
8. The debentures interest for the three months will be paid in July 2003.
Required:
(a)Prepare a Budgeted Profit and Loss Account for the three months ended 30 June 2003.
(b)Prepare a Cash Budget for each of the three months from April to June 2003.
(c)Prepare a Budgeted Balance Sheet as at 30 June 2003.
第8题
A.Total asset turnover.
B.Operating profit margin.
C.Return on common equity.
第9题
Cash 30 Accounts Payable 15
Accounts Receivable 15 Long-term Debt 30
Inventory 15 Common Stock 45
Property, Plant & Equip.(net) 60 Retained Earnings 30
Total Assets 120 Total Liabilities & Equity 120
Marcus Corp.抯 current ratio is:
A.4.0.
B.3.0.
C.2.0.
D.1.0.
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