快速查题-ACCA英国注册会计师试题

 The following circumstances may arise in relation to the launch of a new product: 

(i) Demand is relatively inelastic. 

(ii) There are significant economies of scale.

 (iii) The firm wishes to discourage new entrants to the market. 

(iv) The product life cycle is particularly short. 

Which of the above circumstances favour a penetration pricing policy? 

How should the balance on the payables ledger control account be reported in the final financial statements?

 Which of the following statements regarding market penetration as a pricing strategy is/are correct? 

(1) It is useful if significant economies of scale can be achieved.

 (2) It is useful if demand for a product is highly elastic. 

Prepare a statement of financial position as at that date.            

 A sole trader fixes his prices to achieve a gross profit percentage on sales revenue of 40%. All his sales are for cash. He

suspects that one of his sales assistants is stealing cash from sales revenue.

His trading account for the month of June 20X3 is as follows:

                                             $

Recorded sales revenue  181,600

Cost of sales                    114,000

Gross profit                        67,600

Assuming that the cost of sales figure is correct, how much cash could the sales assistant have taken?

 Which of the following statements describes whom a company's auditor owes a duty of care to? 

Which of the following statements regarding tort is correct? 

 To establish a case of 'passing-off', what must the claimant prove? 

 Which TWO of the following are questions that are asked to establish whether the defendant owed the claimant a duty of care? 

(1) Was the harm obvious to a reasonable person? 

 (2) Was there a relationship of proximity between the parties? 

 (3) Did the claimant accept the risk of injury?  

(4) Is it fair, just and reasonable to impose a duty of care on the defendant?