A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possible reasons were stated for this:14 Alpha buys goods from
14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.Mr Li, a photographer, had his photos published in the July 2014 edition of the tourism jou
13 Which of the following correctly describes the imprest system for operating petty cash?14 Alpha buys goods from Beta. At 30 June 2005 Beta’s account in Alpha’s records showed $5,700 owing to Beta.B
Faithful representation is a fundamental characteristic of useful information within the IASB’s Conceptual framework for financial reporting.Mr Li, a photographer, had his photos published in the July
19 What is the company’s return on shareholders’ equity?19 At 30 June 2004 a company’s allowance for receivables was $39,000. At 30 June 2005 trade receivables totalled $517,000. It was decided to wri
15 Which of the following statements about intangible assets are correct?15 A trader who fixes her prices by adding 50% to cost actually achieved a mark-up of 45%.1 If certain criteria are met, resear
The following statements have been made about life cycle costing:18 How should interest charged on partners’ drawings appear in partnership financial statements?(i) It focuses on the short-term by ide
C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objective is to maximise profit, the shadow price of material B is $2 per kg. The following state
A corporate taxpayer has under-reported its taxable revenue in 2002 and hence underpaid value added tax (VAT) and enterprise income tax (EIT). In 2014, the taxpayer was charged by the tax authority wi
A company predicted that the learning rate for production of a new product would be 80%. The actual learning rate was 75%. The following possible reasons were stated for this:In 2014 Mr Yuan inherited
