Which type of dividend is paid by the issue of additional shares?
At which point before its payment does a dividend become a debt of the company?
A dividend becomes a debt of the company when it is declared.
Michigan is an insurance company. Recently, there has been concern that too many quotations have been sent to clients either late or containing errors. The department concerned has responded that it is understaffed, and a high proportion of current staff has recently joined the firm. The performance of this department is to be carefully monitored.
Which ONE of the following non-financial performance indicators would NOT be an appropriate measure to monitor and improve the department’s performance?
HH plc monitors the % of total sales that derives from products developed in the last year. Which part of the balanced scorecard would this measure be classified under?
Which of the following is the best measure of quality to be included within a building block model in a rapidly growing clothing business?
The following extracts relate to Company X and Company Y for 20X1:
What is the operating profit margin for both companies for 20X1?
Companies A and B are both involved in retailing. Relevant information for the year ended 30 September 20X1 was as follows:
A B
$000 $000
Sales revenue 50,000 200,000
Profit 10,000 10,000
Capital employed 50,000 50,000
Which of the following statements is true?
In an investment centre, a divisional manager has autonomy over negotiating all selling prices, has local functions set up for payables, inventory and cash management, and uses a full debt factoring service.
Which of the following should the divisional manager be held accountable for?
(1) The generation of revenues.
(2) Transfer prices.
(3) Management of working capital.
(4) Apportioned head office costs.
The trading account of Calypso for the year ended 30 June 20X0 is set out below:
The following amounts have been extracted from the company's statement of financial position at 30 June 20X0.
$
Trade receivables 60,000
Prepayments 4,000
Cash in hand 6,000
Bank overdraft 8,000
Trade payables 40,000
Accruals 3,000
Declared dividends 5,000
Calculate the inventories days (using average inventories) and the current ratio for Calypso Ltd for the period.