快速查题-ACCA英国注册会计师试题

Which TWO of the following are statutory rights that an employer owes their employees? 

(1) An itemised pay slip 

 (2) A minimum hourly wage 

 (3) Paid parental leave for parents of children up to the age of 18 

 (4) A maximum working week of 45 hours 

 The law treats employees differently from the self-employed and has established a number of tests to distinguish between the two categories. 

Which of the following is NOT a test for establishing an employment relationship? 

Which of the following is an indication that a person is self-employed rather than an employee? 

 How many days' holiday leave (including bank holidays) is an employee entitled to as a minimum? 

Fill in the blanks. Demand is said to be elastic when a _______ change in price produces a ________ change in quantity demanded. PED is ________ than 1. Demand is said to be inelastic when a ________  change in price produces a ________ change in quantity demanded. PED is ________ than 1. 

 Fill in the blanks. (a) One of the problems with relying on a full cost-plus approach to pricing is that it fails to recognise that, since price may be determining demand, there will be a …………….. combination of ………. and  ………. (b) An advantage of the full cost-plus approach is that, because the size of the profit margin can be varied, a decision based on a price in excess of full cost should ensure that a company working at ……….. capacity will cover ……….… and make a ……………….. 

 Fill in the blank. 

The ………………. price is the price at which an organisation will break even if it undertakes particular work. 

 Choose the correct word from those highlighted. 

Market skimming/penetration pricing should be used if an organisation wishes to discourage new entrants into a market. 

A product has the following costs.  

                                                         $

Direct materials                           8 

Direct labour                               10 

Variable overheads                     4 

Fixed overheads are $15,000 per month. Budgeted sales per month as 500 units  

What is the profit mark up (the nearest whole percentage) which needs to be added to marginal cost to establish a selling price that will allow the product to breakeven? 

 A company currently sells a product for $60 and at this price, demand is 20,000 units per month. It has been estimated that for every $2 increase or reduction in the price, monthly demand will fall or increase by 1,000 units.  

What is the formula for the demand curve for this product?