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

1 .A retailer forecasts that its sales in the first month of 2014 will be $600,000 and will thengrow at 4% per month for the next three months. It prices its products by adding a mark-upof 20% to its purchase cost. The retailer always carries sufficient inventory to cover the nextmonth’s forecast sales.What is the forecast inventory (to the nearest dollar) at the end of the second month of2014?

A $540,800 B $562,432 C $648,960 D $811,200

题型: 单选题 提问时间: 2021-08-23

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2 .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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3 .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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4 .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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5 .

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

题型: 单选题 提问时间: 2021-08-23

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7 .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

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

题型: 单选题 提问时间: 2021-08-23

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8 .

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

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9 .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...

题型: 单选题 提问时间: 2021-08-23

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10 .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

题型: 单选题 提问时间: 2021-08-23

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