At the end of the conversation, what does the professor suggest the student do next?
A.Do some initial background reading on featherwork
B.contact one of her colleagues in Peru
C.attend an exhibition at a museum
D.choose a new research topic
A.Do some initial background reading on featherwork
B.contact one of her colleagues in Peru
C.attend an exhibition at a museum
D.choose a new research topic
For the year to end of March 2014, CSZ Co had domestic and foreign sales of $40 million, all on credit, while cost of sales was $26 million. Trade payables related to both domestic and foreign suppliers.
For the year to end of March 2015, CSZ Co has forecast that credit sales will remain at $40 million while cost of sales will fall to 60% of sales. The company expects current assets to consist of inventory and trade receivables, and current liabilities to consist of trade payables and the company’s overdraft.
CSZ Co also plans to achieve the following target working capital ratio values for the year to the end of March 2015:
Required:
(a) Calculate the working capital cycle (cash collection cycle) of CSZ Co at the end of March 2014 and discuss whether a working capital cycle should be positive or negative. (6 marks)
(b) Calculate the target quick ratio (acid test ratio) and the target ratio of sales to net working capital of CSZ Co at the end of March 2015. (5 marks)
(c) Analyse and compare the current asset and current liability positions for March 2014 and March 2015, and discuss how the working capital financing policy of CSZ Co would have changed. (8 marks)
(d) Briefly discuss THREE internal methods which could be used by CSZ Co to manage foreign currency transaction risk arising from its continuing business activities. (6 marks)
recent meeting of the board of directors that: ‘our loss of market share during the last three years might lead to the
end of JOL Co as an organisation and therefore we must address this issue immediately’.
Required:
(b) Discuss the statement of the managing director of JOL Co and discuss six performance indicators, other than
decreasing market share, which might indicate that JOL Co might fail as a corporate entity. (10 marks)
According to the passage, which of the following statements is NOT true?
A.Mr Duffy once confided in the woman.
B.Mr Duffy felt an intense sense of shame.
C.The woman wanted to end the relationship.
D.They became estranged probably after a quarrel.
对于如下程序,单击Co皿andl事件发生后,窗体上显示的内容为 ______。 Private Sub Command1_Click() Dim i As Integer,a a As Integer Do While i<20 Do While True If i Mod 10 = 0 Then Exit Do Else i=i-1 End If Loop i=i+11 a=a+1 Loop Print a End Sub
A.21
B.32
C.33
D.11
A、Analysis of cash flow forecasts
B、Review of board minutes
C、Review of loan terms
D、Inquiry of management
A、Request that management extends the assessment period to 30 September 20X5
B、Request that management extends the assessment period to 31 December 20X5
C、Request that management extends the assessment period to 31 December 20X6
D、No action is required provided the auditor is satisfied with management's assessment to 30 June 20X5
Parket Co acquired 60% of Suket Co on 1 January 20X7. The following extract has been taken from the individual statements of profit or loss for the year ended 31 March 20X7: Parket Co Suket Co $'000 $'000 Cost of sales 710 480 Parket Co consistently made sales of $20,000 per month to Suket Co throughout the year. At the year end, Suket Co held $20,000 of this in inventory. Parket Co made a mark-up on cost of 25% on all sales to Suket Co. Using the drop down box select the correct figure for Parket Co's consolidated cost of sales for the year ended 31 March 20X7?
A、$954,000
B、$950,000
C、$774,000
D、$766,000
What is the provision which Kalatra Co would report in its statement of financial position as at 30 September 20X5 in respect of its oil operations?
A、$32,400,000
B、$22,032,000
C、$20,400,000
D、$1,632,000
Jackdaw Motor Cars Co (Jackdaw) manufactures a range of motor cars and its year end is 31 January 2015. You are the audit supervisor of Puffin & Co and are currently preparing the audit programmes for the year-end audit of Jackdaw. You have had a meeting with your audit manager and he has notified you of a number of issues identified during the audit risk assessment process.
Land and buildings
Jackdaw have a policy of revaluing land and buildings, this is undertaken on a rolling basis over a five-year period. During the year Jackdaw requested an external valuer to revalue a number of properties, including a warehouse purchased in May 2014. Depreciation is charged on a pro rata basis.
Work in progress
Jackdaw undertakes continuous production of cars, 24 hours a day, seven days a week. An inventory count is to be undertaken at the year end and Puffin & Co will attend. You are responsible for the audit of work in progress (WIP) and will be part of the team attending the count as well as the final audit. WIP constitutes the partly assembled cars at the year end and this balance is likely to be material. Jackdaw values WIP according to percentage of completion, and standard costs are then applied to these percentages.
Required:
(a) Explain the factors Puffin & Co should consider when placing reliance on the work of the independent valuer. (5 marks)
(b) Describe the substantive procedures the auditor should perform. to obtain sufficient and appropriate audit evidence in relation to:
(i) The revaluation of land and buildings and the recently purchased warehouse; and (6 marks)
(ii) The valuation of work in progress. (4 marks)
(c) During the audit, your team has identified an error in the valuation of work in progress, as a number of the assumptions contain out of date information. The directors of Jackdaw have indicated that they do not wish to amend the financial statements.
Required:
Explain the steps Puffin & Co should now take and the impact on the audit report in relation to the directors’ refusal to amend the financial statements. (5 marks)
A、Inflow of $15,000
B、Outflow of $50,000
C、Outflow of $459,000
D、Outflow of $15,000
有如下程序: Private Sub Form_Click() Dim Check, Counter Check=True Counter=0 Do Do While Counter<20 Counter=Counter+1 If Counter=10 Then Check=False Exit Do End If Loop Loop Until Check=False Print Counter, Check End Sub 程序运行后,单击窗体,输出结果为______。
A.15 0
B.20 -1
C.10 True
D.10 False
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