The plant and machinery at cost account of a business for the year ended 30 June-新东方在线职业题库

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The plant and machinery at cost account of a business for the year ended 30 June 20X4 was as follows：

PLANT AND MACHINERY - COST

20X3 $ 20X31 $

1 Jul 20X4 Balance 240,000 30 Sep Transfer disposal account 20X4 60,000

1 Jan Cash - purchase of plant 160,000 340,00

400,000 30 Jun Balance 400 ,000

The company's policy is to charge depreciation at 20% per year on the reducing balance basis, with proportionate depreciation in the years of purchase and disposal What should be the depreciation charge for the year ended 30 June 20X4?

A

$68,000

B

$64,000

C

$61,000

D

$55,000

Chapter8Tangiblenon-currentassets

Plant held all year (240,000 - 60,000) x 20% $

3 6,000

Addition 160,000 x 20% x 6/12 16,000

Disposal 60,000 x 20% x 3/12 3,000

55,000

多做几道

Which of the following is a ratio which is used to measure how much a business owes in relation to its size?

A

Asset turnover

B

Profit margin

C

Gearing

D

Return on capital employed

A business operates on a gross profit margin of 331/3%. were $680. Gross profit on a sale was $800, and expenses

What is the net profit margin?

A

3.75%

B

5%

C

11.25%

D

22.67%

A company has the following details extracted from its statement of financial position：

$'000

Inventories 1,900

Receivables 1,000

Bank overdraft 100

Payables 1,000

The industry the company operates in has a current ratio norm of 1.8. Companies who manage liquidity well in this industry

have a current ratio lower than the norm.

Which of the following statements accurately describes the company’s liquidity position?

A

Liquidity appears to be well managed as the bank overdraft is relatively low

B

Liquidity appears to be poorly-controlled as shown by the large payables balance

C

Liquidity appears to be poorly-controlled as shown by the company’s relatively high current ratio

D

Liquidity appears to be poorly-controlled as shown by the existence of a bank

Why is analysis of financial statements carried out?

A

So that the analyst can determine a company’s accounting policies

B

So that the significance of financial statements can be better understood through comparisons

with historical performance and with other companies

C

To get back to the ‘real’ underlying figures, without the numbers being skewed by the

requirements of International Financial Reporting Standards

D

To produce a report that can replace the financial statements, so that the financial statements

no longer need to be looked at

Which of the following transactions would result in an increase in capital employed?

A

Selling inventory at a profit

B

Writing off a bad debt

C

Paying a payable in cash

D

Increasing the bank overdraft to purchase a non-current asset

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