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Hanxue's company has only one way to pack the woolen gloves.（）
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更多“Hanxue's company has only one …”相关的问题
What happened during the past four weeks？（）．
A.The patient has visited several doctors.
B.The patient's company has undergone an integration.
C.The patient's company has dismissed several employees.
D.The patient's company has moved into a new building.
An analyst has calculated the following ratios for a company:
The company’s return on equity (ROE) is closestto:
A.4.8%.
B.15.2%.
C.22.7%.
Mercedes experienced one of its worst years ever in 1992. The auto maker's worldwide car sales fell by 5 percent from the previous year, to a low of 527,500. Before the decline, in 1988, the company could sell close to 600,000 cars per year. In Germany alone, there were 30,000 fewer new Mercedes registrations last year than in 1991. As a result, production has plunged by almost 50,000 cars to 529, 400 last year, a level well beneath the company's potential capacity of 650,000. Mercedes's competitors have been catching up in the U.S., the world's largest car market. In 1986, Mercedes sold 100,000 vehicles in America; by 1991, the number had declined to 39,000. Over the last two years, the struggling company has lost a slice of its U.S. market share to BMW, Toyota and Nissan. And BMW outsold Mercedes in America last year for the first time in its history. Meanwhile, just as Mercedes began making some headway in Japan, a notoriously difficult market, the Japanese economy fell on hard times and the company saw its sales decline by 13 percent in that country.
Revenues(收益) will hardly improve this year, and the time has come for getting down to business. At Mercedes, that means cutting payrolls, streamlining production and opening up to consumer needs. Revolutionary steps for a company that once considered itself beyond improvement.
The author's intention in citing various nationalities' interests in Mercedes is to illustrate Mercedes' ______.
A．sale strategies
B．market monopoly
C．superior quality
D．past record
The term “company” has a special meaning when applied to business. A company is usually an enterprise that has limited liability. Companies with the word “Limited” or the abbreviation (缩写) “Ltd” after their name are defined as a company. Also, if you form. a limited liability partnership, or open a franchise (特许经营权), these are usually defined as companies as well. If you are not sure of the legal status of your business, you can contact a business solicitor for legal advice.
Within a company a board of directors, partners or chief executive will usually make the day-to-day decisions for their business. Most of the decisions the chief executive makes do not need to be ratified (批准), but more far reaching decisions will usually need the backing of the company’s board of directors with a majority vote.
A company can also have shareholders. How many shares an individual or investment group holds will determine how much say they have about the running
1According to Paragraph 2, within a company, who usually has the final say on the most important decisions？
A、Its business solicitor.
B、Its board of directors.
C、Its business partners.
D、Its chief executive.
2What determines how much say an individual has in a company’s decision-making？
A、The importance of the decision.
B、The state of the company’s business
C、The number of shares the person has in the company.
D、The company’s Annual General Meeting.
3How do business partners know whether they have the decision-making powers within a company？
A、Through the challenges their decisions meet.
B、Through checking with other partner companies.
C、Through consulting with a business solicitor.
D、Through the items of their partnership agreement.
4In writing this passage, the writer seems to be addressing ____________.
A、people who are laymen in business matters
B、people with much business experience
C、people who are going to start a company
D、people with power in business management
5What is the passage mainly about？
A、The way a company makes decisions.
B、The style. a company does business.
C、Development process of a company.
D、Organizational structure of a company.
Which of the following elements should be recognised in the financial statements of an entity in the manner described？
A.As a non-current liability: a provision for possible hurricane damage to property for a company located in an area which experiences a high incidence of hurricanes
B.In equity: irredeemable preference shares
C.As a trade receivable: an amount of $10,000 due from a customer which has been sold (factored) to a finance company with no recourse to the seller
D.In revenue: the whole of the proceeds from the sale of an item of manufactured plant which has to be maintained by the seller for three years as part of the sale agreement
Visiting the Bank
Last week Tom Walker arrived in London where his company has a new office. His company started up six months ago in Hong Kong. Now they are expanding their business in Europe. He had to open a new bank account for his company at ABHK Bank. When he arrived at the bank, he couldn't find where to open an account. He asked at the customer service desk. They told him to go up to the Foreign Department on the fourth floor. The bank which has a branch in Hong Kong arranged everything for him. They transferred the funds, and completed everything electronically. He thought thanking was very efficient Then the bank manager Introduced him to their accountants who advise companies about international taxation.
21. Where is Tom Walker's company？
A. Hong Kong
B. Beijing
C. London
22. When did his company start？
A. One year ago.
B. One year before
C. About hail a year ago
23. Where did he open a new account？
A. At the customer service desk
B. in the Foreign Department
C. In the Accounting Department
24. What did the Hong Kong branch send to London？
A. Money
B. Papers
C. Books
25. What do the accountants help with？
A. Keeping books
B. Directors' reports
C.Tax laws
The company’s total fixed production overheads are budgeted to be $72 million each year and total machine hours are budgeted to be 96 million hours. The company absorbs overheads on a machine hour basis.
What is the budgeted life-cycle cost per unit for product P？
A.$24·40
B.$25·73
C.$27·40
D.$22·73
Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
A company has equipment with an original cost of $850,000, accumulated amortization of $300,000 and 5 years of estimated remaining useful life. Due to a change in market conditions the company now estimates that the equipment will only generate cash flows of $80,000 per year over its remaining useful life. The company’s incremental borrowing rate is 8 percent. Which of the following statements concerning impairment and future return on assets (ROA) is most accurate？ The asset is:
A. impaired and future ROA increases.
B. impaired and future ROA decreases.
C. not impaired and future ROA increases.
(a) An assistant of yours has been criticised over a piece of assessed work that he produced for his study course for giving the definition of a non-current asset as ‘a physical asset of substantial cost, owned by the company, which will last longer than one year’.
Required:
Provide an explanation to your assistant of the weaknesses in his definition of non-current assets when
compared to the International Accounting Standards Board’s (IASB) view of assets. (4 marks)
(b) The same assistant has encountered the following matters during the preparation of the draft financial statements of Darby for the year ending 30 September 2009. He has given an explanation of his treatment of them.
(i) Darby spent $200,000 sending its staff on training courses during the year. This has already led to an
improvement in the company’s efficiency and resulted in cost savings. The organiser of the course has stated that the benefits from the training should last for a minimum of four years. The assistant has therefore treated the cost of the training as an intangible asset and charged six months’ amortisation based on the average date during the year on which the training courses were completed. (3 marks)
(ii) During the year the company started research work with a view to the eventual development of a new
processor chip. By 30 September 2009 it had spent $1·6 million on this project. Darby has a past history
of being particularly successful in bringing similar projects to a profitable conclusion. As a consequence the
assistant has treated the expenditure to date on this project as an asset in the statement of financial position.
Darby was also commissioned by a customer to research and, if feasible, produce a computer system to
install in motor vehicles that can automatically stop the vehicle if it is about to be involved in a collision. At
30 September 2009, Darby had spent $2·4 million on this project, but at this date it was uncertain as to
whether the project would be successful. As a consequence the assistant has treated the $2·4 million as an
expense in the income statement. (4 marks)
(iii) Darby signed a contract (for an initial three years) in August 2009 with a company called Media Today to
install a satellite dish and cabling system to a newly built group of residential apartments. Media Today will
provide telephone and television services to the residents of the apartments via the satellite system and pay
Darby $50,000 per annum commencing in December 2009. Work on the installation commenced on
1 September 2009 and the expenditure to 30 September 2009 was $58,000. The installation is expected
to be completed by 31 October 2009. Previous experience with similar contracts indicates that Darby will
make a total profit of $40,000 over the three years on this initial contract. The assistant correctly recorded
the costs to 30 September 2009 of $58,000 as a non-current asset, but then wrote this amount down to
$40,000 (the expected total profit) because he believed the asset to be impaired.
The contract is not a finance lease. Ignore discounting. (4 marks)
Required:
For each of the above items (i) to (iii) comment on the assistant’s treatment of them in the financial
statements for the year ended 30 September 2009 and advise him how they should be treated under
International Financial Reporting Standards.
Note: the mark allocation is shown against each of the three items above.
An extract from the statement of cash flows for the year ended 31 December 20X7 for Top Trades Co is presented as follows:
Which of the following statements is correct according to the extract of Top Trades Co’s statement of cash flows？
A.The company has good working capital management
B.Net cash generated from financing activities has been used to fund the additions to non-current assets
C.Net cash generated from operating activities has been used to fund the additions to non-current assets
D.Existing non-current assets have been sold to cover the cost of the additions to non-current assets
