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A company had $20 million of capitalised development expenditure at cost brought forwa

rd at 1 October 20X7 in respect of products currently in production and a new project began on the same date.

The research stage of the new project lasted until 31 December 20X7 and incurred $1.4 million of costs.From that date the project incurred development costs of $800,000 per month.On 1 April 20X8 the directors became confident that the project would be successful and yield a profit well in excess of costs.The project was still in development at 30 September 20X8.Capitalised development expenditure is amortised at 20% per annum using the straight line method.

What amount will be charged to profit or loss for the year ended 30 September 20X8 in respect of research and development costs().

A、$8,280,000

B、$6,880,000

C、$7,800,000

D、$3,800,000

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更多“A company had $20 million of c…”相关的问题

第1题

For the year just ended，N company had an earnings of$2 per share and paid a dividend of

$1．2 0n its Stock．The growth rate in net income and dividend are both expected to be a constant 7 percent per year,indefinitely．N company has a Beta of 0．8，the risk-free interest rate is 6 percent，and the market risk premium is 8 percent．

P Company is very similar to N company in growth rate，risk and dividend payout rati0．It had 20 million shares outstanding and an earnings of$36 million for the year just ended．

The earnings will increase to$38．5 million the next year．

Requirement：

A．Calculate the expected rate of return on N company’S equity．

B．Calculate N Company’S current price—eaming ratio and prospective price-earning rati0．

C．Using N company’S current price-earning rati0，value P company’S stock price．

D．Using N company’S prospective price-earning rati0，value P company’S stock price．

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第2题

While I was working for that company, I had to _ consumer affairs.

A.deal on

B.deal with

C.deal in

D.deal for

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第3题

No sooner his job in a small company than he received an offer from a big international

A. he quit

B. he had quit

C. had he quit

D. does he quit

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第4题

3 Mark Howe, Managing Director of Auto Direct, is a victim of his own success. Mark has cr

eated an innovative way

of selling cars to the public which takes advantage of the greater freedom given to independent car distributors to

market cars more aggressively within the European Union. This reduces the traditional control and interference of the

automobile manufacturers, some of whom own their distributors. He has opened a number of showrooms in the

London region and by 2004 Auto Direct had 20 outlets in and around London. The concept is deceptively simple;

Mark buys cars from wherever he can source them most cheaply and has access to all of the leading volume car

models. He then concentrates on selling the cars to the public, leaving servicing and repair work to other specialist

garages. He offers a classic high volume/low margin business model.

Mark now wants to develop this business model onto a national and eventually an international basis. His immediate

plans are to grow the number of outlets by 50% each year for the next three years. Such growth will place

considerable strain on the existing organisation and staff. Each showroom has its own management team, sales

personnel and administration. Currently the 20 showrooms are grouped into a Northern and Southern Sales Division

with a small head office team for each division. Auto Direct now employs 250 people.

Mark now needs to communicate the next three-year phase of the company’s ambitious growth plans to staff and is

anxious to get an understanding of staff attitudes towards the company and its growth plans. He is aware that you

are a consultant used to advising firms on the changes associated with rapid growth and the way to generate positive

staff attitudes to change.

Required:

(a) Using appropriate strategies for managing change provide Mark with a brief report on how he can best create

a positive staff response to the proposed growth plans. (12 marks)

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第5题

4 Susan Grant is in something of a dilemma. She has been invited to join the board of the

troubled Marlow Fashion

Group as a non-executive director, but is uncertain as to the level and nature of her contribution to the strategic

thinking of the Group.

The Marlow Fashion Group had been set up by a husband and wife team in the 1970s in an economically depressed

part of the UK. They produced a comprehensive range of women’s clothing built round the theme of traditional English

style. and elegance. The Group had the necessary skills to design, manufacture and retail its product range. The

Marlow brand was quickly established and the company built up a loyal network of suppliers, workers in the company

factory and franchised retailers spread around the world. Marlow Fashion Group’s products were able to command

premium prices in the world of fashion. Rodney and Betty Marlow ensured that their commitment to traditional values

created a strong family atmosphere in its network of partners and were reluctant to change this.

Unfortunately, changes in the market for women’s wear presented a major threat to Marlow Fashion. Firstly, women

had become a much more active part of the workforce and demanded smarter, more functional outfits to wear at work.

Marlow Fashion’s emphasis on soft, feminine styles became increasingly dated. Secondly, the tight control exercised

by Betty and Rodney Marlow and their commitment to control of design, manufacturing and retailing left them

vulnerable to competitors who focused on just one of these core activities. Thirdly, there was a reluctance by the

Marlows and their management team to acknowledge that a significant fall in sales and profits were as a result of a

fundamental shift in demand for women’s clothing. Finally, the share price of the company fell dramatically. Betty and

Rodney Marlow retained a significant minority ownership stake, but the company had had a new Chief Executive

Officer every year since 2000.

Required:

(a) Write a short report to Susan Grant identifying and explaining the strategic strengths and weaknesses in the

Marlow Fashion Group. (12 marks)

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第6题

Company A had 4,000 shares of 7%, ￥100 par preferred stock and 50,000 shares of common

A.￥7.00 per shar

B.￥6.00 per shar

C.￥12.04 per shar

D.￥12.60 per shar

E.

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第7题

John, CPA, is auditing the financial statements of Company A for the year ended December 3

1, 20×8. The un-audited information of selected financial statements items is as follows:

（Expressed in RMB thousands）

FINANCLAL STATEMENTS ITEMS

20×8

20×7

Sales

64000

48000

Cost of sales

54000

42000

Net profit

30

-20

December 31, 20×8

December 31, 20×7

Inventory

16000

12000

Current assets

60000

50000

Total assets

100000

90000

Current liabilities

20000

18000

Total liabilities

30000

25000

During the audit, John has the following findings:

(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows:

Dr. Cash in Bank RMB 5820000

Dr. Financial Expenses RMB 180000

Cr. Notes Receivable RMB 6000000

(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows:

Dr. Non-operating Expenses RMB 3000000

Cr. Provisions RMB 3000000

On January 10, 20×9,Company A received a judgment on repaying RMB 2500000

to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows:

Dr. Provisions RMB 3000000

Cr. Cash in Bank RMB 2500000

Cr. Non-operating Income RMB 500000

Required:

(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion.

(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios:

(a)Inventory Turnover Rate in 20×8;

(b)Gross Profit Ratio in 20×8;

(c)After Tax Return on Total Assets in 20×8; and

(d)Current Ratio as at December 31, 20×8

(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored.

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第8题

（b) Using the information provided in the case scenario, strategically evaluate the perfor

(b) Using the information provided in the case scenario, strategically evaluate the performance of the company

up to 2004, indicating any areas of particular concern. (20 marks)

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第9题

Having once had to contend with the determined resourcefulness of Irin Brockovich the

woman, PG&E (the Pacific Gas and Electric Company)’s nightmare is now trying to contain the fallout from Erin Brockovich the film and Hollywood’s unstoppable publicity machine.()

A.与坚决的、足智多谋的艾琳·布劳克维奇那个女人交手同时，PG&E公司还被由“永不妥协”这部电影及好莱坞说个不停的宣传机械所带来的影响所烦恼

B.PG&E公司以前得与倔强而办法多的艾琳·布劳克维奇那个人交手，而此刻则因为《艾琳·布劳克维奇》这部电影和所向无敌的好莱坞的宣传机械烦透了心

C.PG&E公司以前得与倔强而办法多的艾琳·布劳克维奇那个人交手，而此刻则因为《永不妥协》这部电影和所向无敌的好莱坞的宣传机械烦透了心(译注：英语原名为Irin Brockovich即艾琳·布劳克维奇本人的姓名)

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第10题

Pat O’Burke was a poor Irishman with a large family, and one morning, waking up very ea

rly from cold and hunger, he decided to go shooting in a wood near his cottage(小屋，村舍). The wood belonged to Lord Northwood, a rich gentleman, and Pat had no right to go there, but in it there were swarms of rabbits and flocks of birds that were good to eat, and Pat determined to take the risk. Suddenly he saw the owner, with a group of friends, coming towards him in the wood. There was a look of anger on Lord Northwood’s face as he caught sight of the gun in Pat’s hands. Pat’s heart sank with fear, but he saw there was no hope of escape, so he walked boldly up to the company and said to Lord Northwood, “Good morning, sir, and what has brought you out so early this morning？” Lord Northwood, rather surprised, said he and his friends were taking a little exercise to get an appetite for their breakfast. Then, looking at Pat with suspicion, he said, “But why are you out so early in the morning？” “Well, sir,” said Pat, “I just came out to see if I could get a breakfast for my appetite.” The whole crowd burst into laughter at Pat’s ready wit, and with a smile Lord Northwood walked on, leaving Pat to try his luck with the rabbits.

(1).This is a story about().

A、a rich man who owned a big wood.

B、 a poor Irishman who lived all by himself.

C、 a clever man who tried to get something to eat for his breakfast.

D、 an Irish hunter with a large family.

(2). There was a look of anger on Lord Northwood’s face. Why？()

A、 He was not expecting Pat at this early hour.

B、 He knew Pat was coming for shooting.

C、 He didn’t like the poor Irishman at all.

D、 Pat had not told him he would come.

(3). Why was Lord Northwood surprised？()

A、 He had not expected such a bold question from Pat.

B、 He wondered why Pat didn’t run away.

C、 Pat wasn’t afraid of him.

D、 Pat had a gun in his hands.

(4).Pat’s _______ made the whole crowd burst into laughter.()

A、 funny looks

B、 interesting remarks

C、 quick and witty response

D、 promise to leave right away

(5).It was because of his _________ that Pat was left to try his luck.

A、 boldness

B、 calmness

C、 quickness of mind

D、 obedience (服从, 顺从)

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