Which of the following would be included in the cash budget?(1) Repayment of loan notes(2) The trade-in value of a car sold in an exchange for a new model(3) Write-off of an irrecoverable debt

1 .A company manufactures two products, X and Y, from the same direct material. An equalnumber of each product will be produced this period. Each unit of X requires 2 kgs ofmaterial and each unit of Y requires 3 kgs of material. The company always holds closinginventory of raw material sufficient for 40% of the next period’s production. The budgetedclosing raw material inventory for the last period is 900 kgs.What is the budgeted production of X for period three?

A 225 units B 450 units C 900 units D 1,125 units

题型: 单选题 提问时间: 2021-08-23

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2 .OC had December sales of $30,000. Anticipated sales during January are $40,000, andFebruary sales are projected at $37,500. 40% of sales are for cash, the remainder on creditterms. For credit sales OC expects to collect 50% in the month of sale and 45% in thefollowing month. 5% of accounts receivable are expected to be uncollectible.How much cash is expected to be received in February?

A $25,800 B $26,250 C $36,100 D $37,050

题型: 单选题 提问时间: 2021-08-23

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3 .BD is preparing a cash budget. An extract from its sales budget shows the following sales: $March 60,000April 70,000May 55,000June 65,00040% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay inthe month after sale and take a 2% discount; 27% are expected to pay in the following month,and the remainder are presumed to be irrecoverable.What amount should be included for receipts from sales in the cash budget for May?

A $38,532 B $60,532 C $64,220 D $65,200

题型: 单选题 提问时间: 2021-08-23

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4 .

A $72,950 B $76,500 C $78,500 D $80,000

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5 .Which of the following items would be included in a cash budget?(1) Depreciation(2) Allowances for irrecoverable debts(3) Profit on the sale of equipment

A 1 only B 2 only C 3 only D None of them

题型: 单选题 提问时间: 2021-08-23

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7 .

A $48,000 B $48,400 C $50,600 D $51,400

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8 .At 31 December 2012 Cutie owned a building that had cost $800,000 on 1 January 2003. Itwas being depreciated at 2% per year.On 31 December 2012 a revaluation to $1,000,000 was recognised. At this date the buildinghad a remaining useful life of 40 years.Which of the following pairs of figures correctly reflects the effects of the revaluation?

A B Depreciation charge for year ending 31 December 2013 $25,000Revaluation surplus as at 31 December 2012 $360,000 C Depreciation charge for year ending 31 December 2013 $20,000Revaluation surplus as at 31 December 2012 $20,000 D Depreciation charge for year ending 31 December 2013 $20,000Revaluat...

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9 .Which of the following statements are correct?(1) All non-current assets must be depreciated.(2) If goodwill is revalued, the revaluation surplus appears in the statement of changesin equity.(3) If a tangible non-current asset is revalued, all tangible assets of the same classshould be revalued.(4) In a company’s published statement of financial position, tangible assets andintangible assets must be shown separately.

A 1 and 2 B 1 and 4 C 2 and 3 D 3 and 4

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10 .IAS 38 Intangible Assets governs the accounting treatment of expenditure on research anddevelopment. The following statements about the provisions of IAS 38 may or may not becorrect:(1) Capitalised development expenditure must be amortised over a period not exceedingfive years.(2) If all the conditions specified in IAS 38 are met, development expenditure may becapitalised if the directors decide to do so.(3) Capitalised development costs are shown in the statement of financial positionunder the heading of Non-current Assets.(4) Amortisation of capitalised development expenditure will appear as an item in acompany’s statement of changes in equity.Which of these four statements are in fact correct?

A (1) and (3) B (1) and (4) C (2) and (3) D (3) only

题型: 单选题 提问时间: 2021-08-23

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