Question 4
1. The following information was extracted from the ledgers of Billy Company for its products for the year ended 31 December 2002:
$
Sales (100,000 units) 500,000
Direct materials 100,000
Direct wages 70,000
Fixed production overheads 110,000
Variable production overheads 20,000
Administration expenses (60% fixed, 40% variable) 80,000
Selling expenses (60% fixed, 40% variable) 130,000
Required:
(a)Prepare the Profit and Loss Statement by using Absorption Cost method.
(b)Prepare the Profit and Loss Statement by using Marginal Cost method.
第1题
Question 8
May Trading Co. Ltd. has following figures at 31 December Year 1
$
Fixed assets 1,300,000
Provision for depreciation 350,000
Stock 450,000
Debtors(net) 142,500
Bank 250,000
Creditors 240,000
Accrued expenses 65,000
Share capital($10 par) 1,600,000
Profit and loss account 467,350
As the accountant of May Trading Co. Ltd., you are required to prepare its master budgets for the 6 months from 1 January Year 2 to 30 June Year 2. You have the following information available:
Sales
Purchase Wages Overheads excluding depreciation
(Units)
Oct Year 1 (Actual) 25,000 130,000 90,000 70,000
Nov Year 1 (Actual) 27,000 150,000 90,000 70,000
Dec Year 1 (Estimated) 33,000 170,000 90,000 90,000
Jan Year 2 (Estimated) 30,000 170,000 90,000 70,000
Feb Year 2 (Estimated) 35,000 180,000 100,000 90,000
Mar Year 2 (Estimated) 36,000 200,000 110,000 90,000
Apr Year 2 (Estimated) 34,000 190,000 110,000 90,000
May Year 2 (Estimated) 33,000 190,000 110,000 80,000
Jun Year 2 (Estimated) 37,000 160,000 120,000 80,000
Additional Information:
1. The selling price in October Year 1 was $9 per unit and this will be increased to $10 in February Year 2.
2. 30% of sales are on cash basis, credit sales are to be settled one month after the sales. It is expected that 5% of credit sales are uncollectible.
3. Purchases are to be paid for two months after purchases.
4. Wages and overheads are to be paid equally in the month incurred and the following months.
5. A machine will be purchased on 1 January Year 2 at a cost of $240,000.
6. The depreciation policy on fixed assets is 10% p.a. on cost on those owned at the end of the budget period.
7. The stock level at 30 June Year is estimated to be two months' purchases in the past.
8. The company plans to raise money from the stock market by issuing 50,000 preference shares at$5 per share in March Year 2.
9. Accrued expenses are to be settled in one month.
Required:
(a)Prepare a Budgeted Profit & Loss Account for the 6 months period ended 30 June Year 2.
(b)Prepare a Cash Budgeted for the 6 months period ended 30 June Year 2.
第2题
Text 3 The following is an informally written Solution part of an abstract with a BPSA structure: Besides, Chinese authorities are also doing a fine job fighting Internet fraud and Internet regulation. Some experts even estimate that China's annual net fraud losses could exceed $100 billion. Our country is cracking down on fraud that lies on the vast internet all the time. We have established a nationwide anti fraud large data platform, which is an important measure to establish a long-term regulatory mechanism for the internet. China still has a long way to go in order to protect personal information so as to make it more effective. Question: Which linker phrases should be used to replace the informal linker in the text?
A、However
B、Nevertheless
C、In addition
D、In contrast
第3题
Consider the following statements, made by the same man eight years apart. "Eventually, being &39;poor&39; won&39;t be as much a matter of living in a poor country as it will be a matter of having poor skills." That was Bill Gates talking in 1992. Way back then, the Microsoft chairman&39;s image was that of a rather harsh, libertarian-leaning fellow who proudly declared his products alone would "change the world." When asked what he would do with his billions, the boy wonder of Silicon Valley used to shrug off the question, saying his long workdays didn&39;t leave time for charity. But now listen to the same Gates—or perhaps not quite the same Gates—talking in the fall of 2000: "Whenever the computer industry has a panel about the digital divide and I&39;m on the panel, I always think, &39;OK, you want to send computers to Africa, what about food and electricity— those computers aren&39;t going to be that valuable... The mothers are going to walk right up to that computer and say: &39;My children are dying, what can you do?&39;"
Yes, even Bill Gates, the iconic capitalist of our day, seems to have come around. The self-assured Gates of 1992 was obviously a man of his times, confident of his industry&39;s ability to change the world, certain that the power of markets and new technology, once unleashed, would address most of the world&39;s ills. But the more skeptical Gates of the new millennium is someone who evinces a passion for giving and government aid. He shares a growing realization, even in the multibillionaire set, that something is amiss with the ideology that has prevailed since the end of the cold war: global-capitalism-as-panacea.
第4题
Questionsare based on the following passage.
It seems to be a law in the technology industry that leading companies eventually lose their positions, often quickly and brutally.Mobile phone champion Nokia, one of Europe"s biggest technology success stories, was no(36), losing its market share in just a few years.
In 2007, Nokia accounted for more than 40% of mobile phone sales(37)But consumers"
preferences were already(38)toward touch-screen smartphones.With the introduction of Apple"s iPhone in the middle of that year, Nokia"s market share(39)rapidly and revenue plunged.By the end of 2013, Nokia had sold its phone business to Microsoft.
What sealed Nokia"s fate was a series of decisions made by Stephen Elop in his position as CEO,which he(40)in October 2010.Each day that Elop spent in charge of Nokia, the company"s market value declined by $ 23 million, making him, by the numbers, one of the worst CEOs in history.But Elop was not the only person at(41)Nokia"s board resisted change, making it impossiblefor the company to adapt to rapid shifts in the industry.Most(42), Jorma Ollila, who had led Nokia"s transition from an industrial company to a technology giant, was too fascinated by the company"s(43)success to recognize the change that was needed to sustain its competitiveness.The company also embarked on a(44)cost-cutting program, which included the elimination of which had motivated employees to take risks and make miracles.Good leaders left the company, taking Nokia"s sense of vision and directions with them.Not surprisingly, much of Nokia"s most valuable design and programming talent left as well.
A.assumed
B.bias
C.desperate
D.deterioration
E.exception
F.fault
G.incidentally
H.notably
I.previous
J.relayed
K.shifting
L.shrank
M.subtle
N.transmitting
O.worldwide
第(36)题选
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第5题
【简答题】Describe the following pictures in your own words and work in pairs to discuss the following questions Question 1: What possible reasons may result in this situation? Question 2: What kinds of assistance can be provided by controllers to the flight crew? Question 3: What kind of alerting services may be provided?
第6题
Section D Directions: Read the following text about the young generation’s performance in their jobs and choose “True” or “False” for sentences 26-35. The Young Generation Performs Better Many younger people are better when it comes to getting the job done than older ones. At least that is what management expert Stephen Denning says in his book “The Leader’s Guide to Radical Management ”. The role of managers has changed in today’s world. While the manager of the 20th century had to supervise people and teach them how to do things, today’s managers have to motivate their workers and get them to like their job. Denning points out that there are some areas where younger people fulfill these requirements better. For one, they are able to find information faster than older workers, who are not that familiar with how the Internet works. They can download data faster and install software quicker than older colleagues. A Stanford study has shown that younger people can write and communicate better than older ones, simply because they have been doing it since they were children. The study says that texting messages and staying online most of the time improves your communication skills. The younger generation is more mobile and flexible when it comes to changing jobs. They can adapt more easily to the changing world and take on jobs that do not depend on experience alone. Many young people start their own businesses if they find out that they can’t find a job. They often do this with little or no money at all. They often choose part-time jobs, just for the sake of being employed. Younger people have found out that there is no such thing as a secure job. And being older and more experienced is no longer the key to success. Many young people don’t care so much about how much money they earn and how fast they can climb up the ladder of success. They care about their quality of life. 41. What information does Stephen Denning’s book convey to readers?
A、Young men can perform better in their jobs.
B、Young men are superior to older ones.
C、Young men get better jobs than older ones.
D、Young men always fail to complete their tasks.
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