题目内容
（请给出正确答案）
A.How should this $2 million future cost be recognised in the financial statements().
B.Provision $2 million and $2 million capitalised as part of cost of mine
C.Provision $2 million and $2 million charged to operating costs
D.Accrual $200,000 per annum for next ten years
E.Should not be recognised as no cost has yet arisen
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更多“During the year Peterlee acqui…”相关的问题
(b) Calculate the percentage of maximum capacity at which the zoo will break even during the year ending
30 November 2007. You should assume that 50% of the revenue from sales of ticket type ZC is attributable
to the zoo. (7 marks)
Fixed production overhead: $500,000
Direct material and direct labor: 300,000
Storage costs incurred during production: 25,000
Abnormal waste costs: 30,000
If the company operated at full capacity during the year, the total capitalized inventory cost is closest to:
A.$800,000.
B.$825,000.
C.$855,000.
A.Light List
B.Notice to Mariners
C.On the chart
D.Coast Pilot
A.$0
B.$50,000
C.$72,000
D.$75,000
E.$90,000
A、discrimination
B、tolerance
C、accommodation
D、rooms
A．$20 000 and $95 000
B．$70 000 and $95 000
C．$70 000 and $85 000
D．$60 000 and $75 000
A.$34,000
B.$48,600
C.$54,000
D.$62,000
E.$74,000
This is an incomplete list of some of the countless important roles Dagenais has had both within the University and beyond in the field of distance education in America.She is a very worthy winner of this year's Teaching Award.
26.Marie is the winner of this year's Teaching Award.
27.Marie graduated from Yale University in 1983.
28.Marie was appointed to Professor in 2006.
29.Marie was the President of American Association of Distance Education during 2009-2011.
30.Marie has made a great contribution to American distance education.
You should assume that today’s date is 1 March 2014.
George, a software developer, was born on 11 June 1986. He has accepted a one-year contract to update software for Xpee plc.
(1) The contract will run from 6 April 2014 to 5 April 2015, with a fee of ￡40,000 payable for the entire year of the contract. A condition of the contract is that George will have to do the work personally and not be permitted to sub-contract the work to anyone else.
(2) George will work from home, but will have to attend weekly meetings at Xpee plc’s offices to receive instructions regarding the work to be performed during the following week.
(3) George will not incur any significant expenses in respect of the contract apart from the purchase of a new laptop computer for ￡3,600 on 6 April 2014. This laptop will be used 100% for business purposes.
(4) During the term of the contract, George will not be permitted to work for any other clients. He will therefore not have any other income during the tax year 2014–15.
(5) George’s tax liability for the tax year 2013–14 was collected through PAYE, so he will not be required to make any payments on account in respect of the tax year 2014–15.
George has several friends who are also software developers. He understands that his employment status is not clear cut but that his income tax liability for the tax year 2014–15 will be the same regardless of whether he is treated as employed or as self-employed. However, George appreciates that there are advantages to being classed as self-employed.
Required:
(a) List FOUR factors which are indicators of George being treated as an employee in relation to his contract with Xpee plc rather than as self-employed. Note: You should confine your answer to the information given in the question. (2 marks)
(b) Calculate George’s income tax liability and national insurance contributions for the tax year 2014–15 if he is treated as self-employed in respect of his contract with Xpee plc. (4 marks)
(c) If George is treated as being an employee of Xpee plc instead of self-employed:
(i) Explain why his income tax liability will be payable earlier. (2 marks)
(ii) Calculate the additional amount of national insurance contributions which he personally will suffer for the tax year 2014–15. (2 marks)
attempting this question.
Quicklink Ltd operates in the distribution and haulage industry and has achieved significant growth since its formation
in 1997. Its main activities comprise the door-to-door delivery of mail, parcels and industrial machinery.
The information contained in notes (i–vii) below relates to Quicklink Ltd in respect of the year ended 31 May
2005 and changes planned in the year ending 31 May 2006.
(i) Contracted clients were charged at the following rates during the year ended 31 May 2005: Mail ￡6 per delivery,
Parcels ￡10 per delivery and Machinery ￡200 per delivery.
(ii) Rates for non-contract clients during each of the years ended 31 May 2005 and year ending 31 May 2006,
were/are based upon the contracted client rates per delivery plus an additional percentage fee per delivery
charged to non-contract clients as follows:
Activity Additional Fee
Mail 40%
Parcel 20%
Machinery 50%
(iii) On 1 June 2003, Quicklink Ltd entered into a fixed price contract for the provision of fuel for its delivery vehicles
for the three-year period ending 31 May 2006. For the year ending 31 May 2006 fuel costs will be as follows:
(a) ￡0·10 per kilometre in respect of the delivery of mail and parcels
(b) ￡0·50 per kilometre in respect of the delivery of industrial machinery.
Each vehicle owned by Quicklink Ltd is in use for 340 days per annum.
(iv) Employee salaries were paid throughout the year ended 31 May 2005 at a rate of ￡26,400 per employee, per
annum.
(v) Sundry operating costs (excluding fuel and salaries) of Quicklink Ltd amounted to ￡3,000,000 during the year
ended 31 May 2005.
(vi) The board of directors expect that for the year ending 31 May 2006 the following will apply:
(a) contract rates of Quicklink Ltd business will increase by 5%
(b) sales volumes are expected to remain at the same level as in the year ended 31 May 2005
(c) salaries and other operating expenses will increase by 4%.
(vii) The board of directors agreed to purchase Celer Transport, an unincorporated business, which was founded in
December 2001. The purchase took effect on 1 June 2005. Celer Transport has main activities comprising the
delivery of mail, parcels and processed food. The managing director of Quicklink Ltd has expressed his view that
‘the acquisition of the Celer Transport business would constitute a good strategic move even though it is expected
to make a loss of ￡50,000 during the year ending 31 May 2006’.
The information contained in notes (viii–xii) below relates to the business of Celer Transport in respect of the year
ending 31 May 2006:
(viii) A distinctive competence of the Celer Transport business relates to its success in winning contracts with major
food producers. Each contract is for a fixed term of three years and all contracts were renewed on 1 June 2005.
Contract values per annum are as follows:
Number of contracts Value per contract (￡)
4 225,000
6 150,000
9 100,000
(ix) (1) The sales volume of mail and parcel deliveries to Celer Transport clients is expected to increase by 10% per
annum with effect from 1 June 2005. It is intended to use the client billing rates of Quicklink Ltd that were
in application during the year ended 31 May 2005 as the basis of charging for mail and parcel deliveries to
Celer Transport clients during the year ending 31 May 2006. This is due to the fact that Quicklink Ltd had
higher client billing rates than Celer Transport and the board of directors recognised that it would have been
difficult to adopt company-wide billing rates with effect from 1 June 2005.
(2) During the year ended 31 May 2005 the billing rates of Celer Transport in respect of contract and noncontract
mail and parcel deliveries were 90% of the level of the rates charged by Quicklink Ltd.
(x) Fuel requirements for the Celer Transport business activities are forecast to cost ￡0·12 per kilometre for mail and
parcel deliveries and ￡0·60 per kilometre for deliveries of processed food. The fuel required for Celer Transport
business during the year ending 31 May 2006 cannot be provided under the current agreement entered into by
Quicklink Ltd as detailed in note (iii). Each Celer Transport vehicle is in use for 340 days per annum.
(xi) All Celer Transport employees will be paid on the same basis as Quicklink Ltd employees.
(xii) Sundry operating costs (excluding fuel and salaries) of the Celer Transport business will amount to ￡1,990,340.
Required:
(a) Prepare, in columnar format, the budgeted profit and loss accounts for the year ending 31 May 2006 of:
(i) Quicklink Ltd;
(ii) Celer Transport; and
(iii) The combined entity. (16 marks)
