快速查题-ACCA英国注册会计师试题

The management of J Co have heard about the concept of the time value of money.

Required:

(i) Complete the gaps in the following statement: The time value of money means that $1 now is worth (GAP 1) than $1 in the future. The reasons for this are risk, (Gap 2) and potential for earning a return e.g. interest. 

(ii) Using a discount rate of 8%, and assuming that the cash flows arise at the end of a year, calculate the discounted payback period.

Using a discount factor of 8%, calculate the net present value of purchasing the new machine.

Are the following statements about investment appraisal true or false?

Statement one: If the cost of capital increased to 10%, the net present value of purchasing the new machine would decrease.

Statement two: The payback method of investment appraisal is a useful method to consider time risk.

What would be the formula for March net profit?

What will be the formula to go in G8?

Wages are paid 75% in the month of production and 25% in the following month. be included in the cash budget for May in respect of wages? 

 The following statements have been made about feed-forward control budgetary systems: 

(1) Feedforward control systems have an advantage over other types of control in that it establishes how effective planning was.

 (2) Feedforward control occurs while an activity is in progress. 

Which of the above statement(s) is/are true? 

 Which of the following items could appear in a company's statement of cash flows?

1 Proposed dividends

2 Rights issue of shares

3 Bonus issue of shares

4 Repayment of loan