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4 business values Complete the notes below, write NO MORE THAN TWO WORDS for each answer. Many business values can result in 31._________.

提问人：网友leejon 发布时间：2022-01-07

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第1题

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

esign 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.

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第2题

KQK Co wants to raise $20 million in order to expand its business and wishes to evaluate o

ne possibility, which is an issue of 8% loan notes. Extracts from the financial statements of KQK Co are as follows.

It is expected that investing $20 million in the business will increase income by 5% over the first year. Approximately 40% of cost of sales and other expenses are fixed, the remainder of these costs are variable. Fixed costs will not be affected by the business expansion, while variable costs will increase in line with income.

KQK Co pays corporation tax at a rate of 30%. The company has a policy of paying out 40% of profit after tax as dividends to shareholders.

Current liabilities are expected to increase by 3% by the end of the first year following the business expansion.

Average values of other companies similar to KQK Co:

Required:

(a) Assess the impact of financing the business expansion by the loan note issue on financial position, financial risk and shareholder wealth after one year, using appropriate measures. (10 marks)

(b) Discuss the circumstances under which the current weighted average cost of capital of a company could be used in investment appraisal and indicate briefly how its limitations as a discount rate could be overcome. (5 marks)

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第3题

The current assets and current liabilities of CSZ Co at the end of March 2014 are as follo

ws:

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)

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第4题

16 Which of the following statements about accounting concepts and conventions are correct

？

(1) The entity concept requires that a business is treated as being separate from its owners.

(2) The use of historical cost accounting tends to understate assets and profit when prices are rising.

(3) The prudence concept means that the lowest possible values should be applied to income and assets and the

highest possible values to expenses and liabilities.

(4) The money measurement concept means that only assets capable of being reliably measured in monetary terms

can be included in the balance sheet of a business.

A 1 and 2

B 2 and 3

C 3 and 4

D 1 and 4

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第5题

Quartile Co is in the jewellery retail business wh...

Quartile Co is in the jewellery retail business which can be assumed to be highly seasonal. For the year ended 30 September 20X5, Quartile Co assessed its operating performance by comparing selected accounting ratios with those of its business sector average as provided by an agency. Assume that the business sector used by the agency is a meaningful representation of Quartile Co's business. Which TWO of the following circumstances may invalidate the comparison of Quartile Co's ratios with those of the sector average？ (1)In the current year, Quartile Co has experienced significant rising costs for its purchases (2)The sector average figures are compiled from companies whose year ends are between 1 July 20X5 and 30 September 20X5 (3)Quartile Co does not revalue its properties, but is aware that other entities in this sector do (4)During the year, Quartile Co discovered an error relating to the inventory count at 30 September 20X4. This error was correctly accounted for in the financial statements for the current year ended 30 September 20X5

A、(2) and (3)

B、(1) and (4)

C、(2) and (4)

D、(1) and (3)

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第6题

Chinese business values focus on intership.

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第7题

ON DEMAND BUSINESS. IN DEMAND PEOPLE. CAREERS IN IBM ARE ALL ABOUT OPPORTUNITIES W

orld leading multinational IT company. One of the world's largest consulting services organizations. IBM Business Consulting Services (BCS) sincerely invites the

top talents to join us! SAP APPLICATION CONSULTANT Location: BJ/SH/GZ Job Description The candidates are expected to work effectively with major Chinese enterprises and multinational companies in SAP project implementation and engagement.

Major responsibilities include: Implementation of SAP module at the client sites under the direction of the project manager, including process design, system configuration, enhancement

requirement specification development, testing, training, cut over and post implementation support, etc. Assistance in the development of proposals and the other SAP presales activities Key Requirements A university degree or MBA from a top China or international university with fluent English and Chinese communication skills Minimum of 3 years of successful project experience, at least one full cycle of SAP project implementation Minimum of 2 years SAP consulting experience Strong knowledge of one of the SAP modules (MM/PP/SD/FI/CO/PM/QM/ PS/HR/BW) and their integration across SAP Extensive IT knowledge and experience is a plus Excellent client facing communication and presentation skills A self-driven achiever with high integrity who values teamwork, collaboration,. decisiveness, and passion for the consulting professionIBM wants ______ in the ad.A.computer experts B.consulting talentsC.managing talents D.sale talents

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第8题

You are a manager in Ryder & Co, a firm of Chartered Certified Accountants, and you ha

ve taken on the responsibility for providing support and guidance to new members of the firm. Ryder & Co has recently recruited a new audit junior, Sam Tyler, who has come across several issues in his first few months at the firm which he would like your guidance on. Sam’s comments and questions are shown below:

(a) I know that auditors are required to assess risks of material misstatement by developing an understanding of the business risks of an audit client, but I am not clear on the relationship between business risk and risk of material misstatement. Can you explain the two types of risk, and how identifying business risk relates to risk of material misstatement？ (4 marks)

(b) I worked on the interim audit of Crow Co, a manufacturing company which outsources its payroll function. I know that for Crow Co payroll is material. How does the outsourcing of payroll affect our audit planning？ (4 marks)

(c) Crow Co is tendering for an important contract to supply Hatfield Co. I know that Hatfield Co is also an audit client of our firm, and I have heard that Crow Co’s management has requested our firm to provide advice on the tender it is preparing. What matters should our firm consider in deciding whether to provide advice to Crow Co on the tender？ (5 marks)

(d) I also worked on the audit of Campbell Co, where I heard the managing director, Ting Campbell, discussing a potential new business opportunity with the audit engagement partner. Campbell Co is an events organiser, and is planning to run a programme of nationwide events for accountants, at which speakers will discuss technical updates to financial reporting, tax and audit regulations. Ting proposed that our firm could invest some cash in the business opportunity, supply the speakers, market the events to our audit clients, and that any profit made would be shared between Ryder & Co and Campbell Co. What would be the implications of our firm considering this business opportunity？ (7 marks)

Required:

For each of the issues raised, respond to the audit junior, explaining the ethical and professional matters arising from the audit junior’s comments.

Note: The split of the mark allocation is shown against each of the issues above.

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第9题

Chinese business values focus on intership.（)

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第10题

（a) You are a manager in Lapwing & Co. One of your audit clients is Hawk Co which oper

(a) You are a manager in Lapwing & Co. One of your audit clients is Hawk Co which operates commercial real estate properties typically comprising several floors of retail units and leisure facilities such as cinemas and health clubs, which are rented out to provide rental income.

Your firm has just been approached to provide an additional engagement for Hawk Co, to review and provide a report on the company’s business plan, including forecast financial statements for the 12-month period to 31 May 2013. Hawk Co is in the process of negotiating a new bank loan of $30 million and the report on the business plan is at the request of the bank. It is anticipated that the loan would be advanced in August 2012 and would carry an interest rate of 4%. The report would be provided by your firm’s business advisory department and a second partner review will be conducted which will reduce any threat to objectivity to an acceptable level.

Extracts from the forecast financial statements included in the business plan are given below:

Statement of comprehensive income (extract)

Notes:

1. Beak Retail is a retail park which is underperforming. Its sale is currently being negotiated, and is expected to take place in September 2012.

2. Hawk Co is planning to invest the cash raised from the bank loan in a new retail and leisure park which is being developed jointly with another company, Kestrel Co.

Required:

In respect of the engagement to provide a report on Hawk Co’s business plan:

(i) Identify and explain the matters that should be considered in agreeing the terms of the engagement; and Note: You are NOT required to consider ethical threats to objectivity. (6 marks)

(ii) Recommend the procedures that should be performed in order to examine and report on the forecast financial statements of Hawk Co for the year to 31 May 2013. (13 marks)

(b) You are also responsible for the audit of Osprey Co, which has a financial year ended 31 May 2012. The audit engagement partner, Bill Kingfisher, sent you the following email this morning: