题目内容
（请给出正确答案）
A.first
B.the first
C.the
D.a first
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更多“He is ____ one to come to school every day.”相关的问题
Economics can help one make better decisions because he learns______.
A．how to weigh the cost and the benefit
B．all the practical economic theories
C．something useful about business
D．logical way of thinking
The Telephone Co (T Co) is a company specialising in the provision of telephone systems for commercial clients. There are two parts to the business:
– installing telephone systems in businesses, either first time installations or replacement installations;
– supporting the telephone systems with annually renewable maintenance contracts.
T Co has been approached by a potential customer, Push Co, who wants to install a telephone system in new offices it is opening. Whilst the job is not a particularly large one, T Co is hopeful of future business in the form. of replacement systems and support contracts for Push Co. T Co is therefore keen to quote a competitive price for the job. The following information should be considered:
1. One of the company’s salesmen has already been to visit Push Co, to give them a demonstration of the new system, together with a complimentary lunch, the costs of which totalled $400.
2. The installation is expected to take one week to complete and would require three engineers, each of whom is paid a monthly salary of $4,000. The engineers have just had their annually renewable contract renewed with T Co. One of the three engineers has spare capacity to complete the work, but the other two would have to be moved from contract X in order to complete this one. Contract X generates a contribution of $5 per engineer hour. There are no other engineers available to continue with Contract X if these two engineers are taken off the job. It would mean that T Co would miss its contractual completion deadline on Contract X by one week. As a result, T Co would have to pay a one-off penalty of $500. Since there is no other work scheduled for their engineers in one week’s time, it will not be a problem for them to complete Contract X at this point.
3. T Co’s technical advisor would also need to dedicate eight hours of his time to the job. He is working at full capacity, so he would have to work overtime in order to do this. He is paid an hourly rate of $40 and is paid for all overtime at a premium of 50% above his usual hourly rate.
4. Two visits would need to be made by the site inspector to approve the completed work. He is an independent contractor who is not employed by T Co, and charges Push Co directly for the work. His cost is $200 for each visit made.
5. T Co’s system trainer would need to spend one day at Push Co delivering training. He is paid a monthly salary of $1,500 but also receives commission of $125 for each day spent delivering training at a client’s site.
6. 120 telephone handsets would need to be supplied to Push Co. The current cost of these is $18·20 each, although T Co already has 80 handsets in inventory. These were bought at a price of $16·80 each. The handsets are the most popular model on the market and frequently requested by T Co’s customers.
7. Push Co would also need a computerised control system called ‘Swipe 2’. The current market price of Swipe 2 is $10,800, although T Co has an older version of the system, ‘Swipe 1’, in inventory, which could be modified at a cost of $4,600. T Co paid $5,400 for Swipe 1 when it ordered it in error two months ago and has no other use for it. The current market price of Swipe 1 is $5,450, although if T Co tried to sell the one they have, it would be deemed to be ‘used’ and therefore only worth $3,000.
8. 1,000 metres of cable would be required to wire up the system. The cable is used frequently by T Co and it has 200 metres in inventory, which cost $1·20 per metre. The current market price for the cable is $1·30 per metre.
9. You should assume that there are four weeks in each month and that the standard working week is 40 hours long.
Required:
(a) Prepare a cost statement, using relevant costing principles, showing the minimum cost that T Co should charge for the contract. Make DETAILED notes showing how each cost has been arrived at and EXPLAINING why each of the costs above has been included or excluded from your cost statement. (14 marks)
(b) Explain the relevant costing principles used in part (a) and explain the implications of the minimum price that has been calculated in relation to the final price agreed with Push Co. (6 marks)
Grouse Co is a significant audit client which develops software packages. Its managing director, Max Partridge, has contacted one of your firm’s partners regarding a potential business opportunity. The proposal is that Grouse Co and Raven & Co could jointly develop accounting and tax calculation software, and that revenue from sales of the software would be equally split between the two firms. Max thinks that Raven & Co’s audit clients would be a good customer base for the product.
Plover Co is a private hospital which provides elective medical services, such as laser eye surgery to improve eyesight. The audit of its financial statements for the year ended 31 March 2012 is currently taking place. The audit senior overheard one of the surgeons who performs laser surgery saying to his colleague that he is hoping to finish his medical qualification soon, and that he was glad that Plover Co did not check his references before employing him. While completing the subsequent events audit procedures, the audit senior found a letter from a patient’s solicitor claiming compensation from Plover Co in relation to alleged medical negligence resulting in injury to the patient.
Required:
Identify and discuss the ethical, commercial and other professional issues raised, and recommend any actions that should be taken in respect of:
(a) Grouse Co; and (8 marks)
(b) Plover Co. (7 marks)
听力原文： Everywhere we look，we see Americans running. They run for every reason anybody could think of. They run for health，for beauty，to lose weight，to keep fit，and because it is the thing they love to do. Every year， for example，thousands of people run in one race，the Boston Marathon，the best known long distance race in the United States. In recent years there have been nearly 5，000 official competitors and it takes three whole minutes for the crowd of runners just to cross the starting line.
You may have heard the story of the Greek runner，Pheidippides. He ran from Marathon to Athens to deliver the news of the great victory 2，500 years ago. No one knows how long it took him to run the distance. But the story tells us that he died of the effort. Today no one will die in a Marathon race. But at the finish line，we see what this race is about；not being first，hut finishing. The real victory is not over one's fellow runners，but over one's own body. It is a victory of will power over fatigue. In the Boston Marathon，each person who crosses that finish line is a winner.
(30)
A．Three minutes.
B．Two minutes.
C．One minute.
D．Five minutes.
6 Roger is considering undertaking a contract which will yield income of $15,000 over a 15-month period. To carry out the contract he will have to use 1,000 kg of material. 800 kg is already held in inventory and cost $15 per kg. The current replacement cost is $20 per kg. If not used for the contract the material would be sold to Moore Co for $2,000 in total. Roger could utilise his old machine for the contract if conversion costs of $5,000 are undertaken. Alternatively he could scrap his old machine and receive $3,000 and hire another one at a cost of $500 per month. Labour currently has spare capacity and variable overheads are estimated to be $1 per hour. 2,000 hours are believed to be required for the period of the contract. What is the net relevant cash flow for the contract？ (Ignore the time value of money.)
A、$2,000
B、$2,500
C、$4,000
D、$4,500
听力原文： Everywhere we look we see Americans running. They run for every reason anybody could think of. They run for health, for beauty, to lose weight, to feel fit and because- it's the thing they love to do. Every year, for example, thousands upon thousands of people run in one race, the Boston Marathon, the best known long distance race in the United States. In recent years, there have been 'nearly 5000 official competitors and it takes three whole minutes for the crowd of runners just lo cross the starting line. You may have heard the story of the Greek runner Pheidippides. He ran from Marathon to Athens to deliver the news of the great victory 2,500 years ago. No one knows bow long it took him to run the distance. But the story tells us that he died of the effort. Today no one will die in a Marathon race. But the effort is still enormous. Someone does come in first in the tiring foot race. But at the finish line we see what this race is about: not being first but finishing. The real victory is not over one's fellow runners but over one's own body. It's a victory of will-power over fatigue. In the Boston Marathon each person who crosses that finish line is a winner.
Which of the following statements about Boston Marathon is CORRECT？
A．It is the best known long distance race in the world
B．It is the biggest Marathon race in the U. S.
C．It was first held 50 years ago.
D．It attracts nearly 5000 official competitors in recent years.
听力原文： When Mr. French retired, he bought a small cottage at the seaside village. The cottage was built in the late 16th century, but it was in a very good condition. Mr. French Was looking forward to a quiet life. But in the summer holidays he got a shock. Hundreds of tourists came to the seaside village. Mr. French's cottage was the most interesting building in the village and many of the tourists came to see it. From morning till night there were tourists outside the cottage. They kept looking through the windows and many of them even went into Mr. French's garden. This was too much for Mr. French; he decided to drive the unwelcome visitors away, so he put up a notice in the window. The notice said: "If you want to satisfy your curiosity, come in and look around, price 5 pounds." Mr. French was sure that the visitors would stop coming, but he was wrong. The number of visitors increased, and Mr. French spend every day showing them around his cottage. "I come here to retire, not to work as a guide," he complained. In the end, he sold the cottage and bought a small modern house. It was not an interesting little place and no one wants to see it, but it is certainly quiet and peaceful.
(36)
A．In the 15th century.
B．In the 16th century.
C．In the 5th century.
D．In the 6th century.
Eagle has experienced increased competition and as a result, in order to maintain its current levels of sales, it has decreased the selling price of its products significantly since September 2014. The finance director has informed your audit manager that he expects increased inventory levels at the year end. He also notified your manager that one of Eagle’s key customers has been experiencing financial difficulties. Therefore, Eagle has agreed that the customer can take a six-month payment break, after which payments will continue as normal. The finance director does not believe that any allowance is required against this receivable.
In October 2014 the financial controller of Eagle was dismissed. He had been employed by the company for over 20 years, and he has threatened to sue the company for unfair dismissal. The role of financial controller has not yet been filled and so his tasks have been shared between the existing finance department team. In addition, the purchase ledger supervisor left in August and a replacement has been appointed in the last week. However, for this period no supplier statement reconciliations or purchase ledger control account reconciliations were performed.
You have undertaken a preliminary analytical review of the draft year to date statement of profit or loss, and you are surprised to see a significant fall in administration expenses.
Required:
Explain FIVE audit risks, and the auditor’s response to each risk, in planning the audit of Eagle Heating Co.
Saxophone Enterprises Co (Saxophone) has been trading for 15 years selling insurance and has recently become a listed company. In accordance with corporate governance principles Saxophone maintains a small internal audit department. The directors feel that the team needs to increase in size and specialist skills are required, but they are unsure whether to recruit more internal auditors, or to outsource the whole function to their external auditors, Cello & Co.
Saxophone is required to comply with corporate governance principles in order to maintain its listed status; hence the finance director has undertaken a review of whether or not the company complies.
Bill Bassoon is the chairman of Saxophone, until last year he was the chief executive. Bill is unsure if Saxophone needs more non-executive directors as there are currently three non-executive directors out of the eight board members. He is considering appointing one of his close friends, who is a retired chief executive of a manufacturing company, as a non-executive director.
The finance director, Jessie Oboe, decides on the amount of remuneration each director is paid. Currently all remuneration is in the form. of an annual bonus based on profits. Jessie is considering setting up an audit committee, but has not undertaken this task yet as she is very busy. A new sales director was appointed nine months ago. He has yet to undertake his board training as this is normally provided by the chief executive and this role is currently vacant.
There are a large number of shareholders and therefore the directors believe that it is impractical and too costly to hold an annual general meeting of shareholders. Instead, the board has suggested sending out the financial statements and any voting resolutions by email; shareholders can then vote on the resolutions via email.
Required:
(a) Explain the advantages and disadvantages for each of Saxophone Enterprises Co AND Cello & Co of outsourcing the internal audit department.
Note: The total marks will be split as follows:
Saxophone Enterprises Co (8 marks)
Cello & Co (2 marks) (10 marks)
(b) In respect of the corporate governance of Saxophone Enterprises Co:
(i) Identify and explain FIVE corporate governance weaknesses; and
(ii) Provide a recommendation to address each weakness.
Note: The total marks will be split equally between each part. (10 marks)
(1)Some people believe that international sport creates goodwill between the nations and that if countries play games together they will learn to live together.Others say that the opposite is true: that international contests encourage false national pride and lead to misunderstanding and hatred. (2)There is probably some truth in both arguments, but in recent years the Olympic Games have done little to support the view that sports encourages international brotherhood.(3)Not only was there the tragic incident involving the murder of athletes, but the Games were also ruined by lesser incidents caused principally by minor national contests.
One country received its second-place medals with visible indignation after the hockey final. (4)There had been noisy scenes at the end of the hockey match, the losers objecting to the final decisions.(5)They were convinced that one of their goals should not have been disallowed and that their opponents' victory was unfair.Their manager was in a rage when he said: "This wasn't hockey. Hockey and the International Hockey Federation are finished". The president of the Federation said later that such behavior could result in the suspension of the team for at least three years.
(a) Delhi Co, a potential new client, is a privately owned and rapidly expanding company which currently operates below the audit threshold in the country in which it is based. The company’s management is currently considering having either a full audit or a limited assurance review of their financial statements. The partner would like you to assist the management of Delhi Co by writing a response to them in which you:
(i) Explain the difference between an audit of historical financial statements and a limited assurance review. (4 marks)
(ii) Discuss the relative advantages and disadvantages to Delhi Co of having an audit of their historical financial statements as opposed to a limited assurance review. (8 marks)
Delhi Co was incorporated in 2005, with founder and chief executive Mr Nimesh Dattani as the sole shareholder. After a period of rapid growth, Delhi Co took out a ten-year bank loan facility in June 2007 to finance Mr Dattani’s ambitious expansion plans. This was supported by a further injection of financial capital in 2014 through a new issue of shares in the company. The shares were sold to Mr Robert Hyland, an ex-business partner of Mr Dattani. The sale gave Mr Hyland a 40% shareholding in Delhi Co. He has no involvement in the management of the company.
Until recently Delhi Co operated with a small accounting department, comprising one full-time member of staff and one part-time employee. Due to the expansion of the company and Mr Dattani’s plans to expand the customer base internationally, it has been necessary to increase the size of the accounting function to include two new full-time members of staff. Both of the new recruits are part-qualified accountants and Mr Dattani has committed to sponsoring them through their remaining training and ACCA examinations.
Required:
Prepare the response to the management of Delhi Co as requested by the partner.
Note: The split of the mark allocation is shown against each of the issues above.
(b) The audit committee of another client, Mumbai Co, has asked the partner to consider whether it would be possible for the audit team to perform. a review of the company’s internal control system. A number of recent incidents have raised concerns amongst the management team that controls have deteriorated and that this has increased the risk of fraud, as well as inefficient commercial practices. The audit report for the audit of the financial statements of Mumbai Co for the year ended 31 March 2016 was signed a few weeks ago. Mumbai Co is a listed company.
Required:
In respect of the request for Chennai & Co to review Mumbai Co’s internal control systems: Identify and discuss the relevant ethical and professional issues raised, and recommend any actions necessary. (8 marks)
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