A company is evaluating a project that requires 4,000 kg of a material that is used regularly innormal production. 2,500 kg of the material, purchased last month at a total cost of $20,000,are in inventory. Since last month the price of the material has increased by 2?%.What is the total relevant cash flow arising from using the material for the project?

1 .（2012年）下列关于审计证据充分性和适当性的表述中，正确的有（　　）。

A 充分性是对审计证据质量的衡量，适当性是对审计证据数量的衡量 B 充分性和适当性两者缺一不可，只有充分且适当的审计证据才具有证明力 C 审计证据质量越高，审计人员需要获取的审计证据数量可能越少 D 审计人员在实施...

题型: 多选题 提问时间: 2021-08-23

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2 .In a short-term decision-making context, which ONE of the following would be arelevant cash flow?

A Specific development costs already incurred. B The cost of special material which will be purchased. C Depreciation on existing fixed assets. D The original cost of raw materials currently in inventory which will be used on theproject.

题型: 单选题 提问时间: 2021-08-23

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3 .A machine owned by a company has been idle for some months but could now be used on aone year contract which is under consideration. The net book value of the machine is $1,000.If not used on this contract, the machine could be sold now for a net amount of $1,200. Afteruse on the contract, the machine would have no saleable value and the cost of disposing of itin one year’s time would be $800.What is the total relevant cash flow of the machine for the contract?

A $400 B $800 C $1,200 D $2,000

题型: 单选题 提问时间: 2021-08-23

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4 .A company purchased a machine several years ago for $50,000. Its written down value isnow $10,000. The machine is no longer used on normal production work and it could be soldnow for $8,000.A one-off contract is being considered which would make use of this machine for six months.After this time the machine would be sold for $5,000.What is the relevant cash flow of the machine for the contract?

A $2,000 B $3,000 C $5,000 D $10,000

题型: 单选题 提问时间: 2021-08-23

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5 .The following statements relate to the concept of relevant cash flows in decision making:(i) Materials can never have an opportunity cost whereas labour can.(ii) An annual depreciation charge is not a relevant cash flow.(iii) Fixed costs would have a relevant cash flow element if a decision causes a changein their total expenditureWhich statements are correct?

A (i) and (ii) only B (i) and (iii) only C (ii) and (iii) only D (i), (ii) and (iii)

题型: 单选题 提问时间: 2021-08-23

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7 .An investment of USD100,000 to be made on 31 December 2014 will produce an annual return of USD13,000 in perpetuity, with the first income occurring on 1 January 2015. What is the net present value of this investment (to the nearest USD10) on 31 December 2013, discounted at 10%?

A $11,820 B $25,450 C $39,090 D $79,090

题型: 单选题 提问时间: 2021-08-23

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8 .Details of a new machine are as follows:Capital cost $120,000Expected operating life Five yearsExpected scrap value at the end of five years $20,000Annual depreciation $20,000Expected annual profits from operations $40,000What is the payback period?

A 3.0 years B 2.5 years C 2.0 years D 1.7 years

题型: 单选题 提问时间: 2021-08-23

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9 .An investment of $120,000 on 1 April 2013 is forecast to yield a net cash flow of $14,000each year for four years commencing on 31 March 2015, followed by $20,000 each year inperpetuity. The appropriate cost of capital is 8% per year.What is the positive net present value of the investment (to the nearest $1,000)?

A $80,000 B $81,000 C $93,000 D $110,000

题型: 单选题 提问时间: 2021-08-23

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10 .A firm is considering three projects, any or all of which can be undertaken if worthwhile:Project X Y ZPayback period 4 years 2 years 4 yearsNPV $2,500 $(300) $5,000IRR 15% 10% 13%Which of the projects should the firm undertake?

A X, Y and Z B X and Z only C X and Y only D Y and Z only

题型: 单选题 提问时间: 2021-08-23

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