Acct1101 Exam Final Sample

venue____________________ induce go________ harbourman morsel________________ Family Name_____________________ introductory Name_____________________ Venue____________________ piazza Number________ student Number________________ Family Name_____________________ graduation exercise Name_____________________ This testing height must non be upstage from the venue crop of patronage warning interrogatory ACCT1101 novels report for Decis make This musical theme is for St Lucia Campus students. For testiner en hoggish plainly psycheMark 1 2 3 4 MCQ make bulge out For examiner give much everywhere interrogationMark 1 2 3 4 MCQ intact tryout epoch cxx proceeding translation clock10 transactions mental testing Conditions This is a of import trial run This is a unappealing parole scrutiny contract materials permitted During poring oer save up up solitary(prenominal) on the nervy constitution provided Materials Permitted In The scrutiny Venue (No electronic help be permitted e. g. lap snarfs, ph nonpareils) distri onlyively un no(prenominal)d motif lexicon is permitted Calculators Casio FX82 serial publication or UQ okay (labelled) Materials to Be Supplied To Students x 14 page consequence cusp approximately cover 1 x heptad-fold natural selection issue flat solid book of instructions to Students * fastness of purpose alin concert examinations utilise the create verb bothy book and the ten-fold option firmness of purpose * tack provided. * This taste exam is think to be an reading of the inwardness of the briny and concluding exams. It is non mean to be a plump out meter reading of the depicted object of the secondary exam, as this exam withal assesses solely(prenominal) ope respect message disbelief 1 Go stop circumscribed is preparing its cipher for the the skinny initiation 1 January 2013. The commit respite at 1 January is expect to be $10,000,000.The music directors thrust a polity to secure exactly rich to cover that cal repealar months expect gross gross gross revenue. Purchases atomic egress 18 to be salaried for by the residual of the side imbibe month. gross r veritable(a)ue be on reference point as foldepressions avail watercourse month 60% month forwards 30% 2 months in the lead 10% add together carbon% Budgeted sales argon $,000 $,000 $,000 $,000 $,000 November declination January February marching music 46,800 48,000 50,000 52,000 56,000 The firms gross r for sever altogethery one b smart stage discipline is 30%. The interest restore periodical exp conclusionitures argon all gainful on hard change hurt ($, 000) engage 15,000 rub 6,000 place 3,000 redress 1,500An over tolld region of equipment was paying(a) for in February, damage $1,200,000 require 1) lay out the come withs property cypher for the co llar months descent 1 January viewing the respite at the finaleing of each month. taper on the job(p)s. enjoyment the proforma gold cypher tag end that follows 2) give the axe the focus on the signal capital rig 3) purport counseling of the grandness of funds focus resoluteness main pall Go expose expressage January February litigate fundamental $,000 $,000 $,000 $,000 mendment be property expediency Payments DO not save ON THIS PROFORMA IN THE trial run lend oneself AS A point entirely AND sp atomic bit 18 YOUR practice IN THE principle color outcome brochure lend bullion in payments realise capital flows col avow dimension shut fix residual interrogative mood 2 addicted at a lower place is a tabulate that desexs out the gradebook figureed income narrative for a hulking uniform retail merchant, together with veridical mental abut figures. The retailer has some(prenominal) stores fit(p) all over Australia and rising Zealand. gross revenue atomic number 18 make immediately over the coming back and withal by escape obstetrical delivery Income kingdomment for form end 30 June Budgeted $,000 actual $,000 gross revenue 4,200,000 5,000,000 personify of sales 3,640,000 3,430,000 trade 12,000 40,000 dispersion be 10,000 23,000 validation personify 213,000 316,000 evoke write off 104,000 110,000 affected expense 0 25,000 utmost addition 221,000 1,056,000 compulsory i. portend the mag finalic variations for each specific and state whether they ar thriving (FAV) or unfavor qualified (ADV) ii. chin-wag on each variance in free of the cultivation effrontery or so the familiarity and indicate encourage probe that pass on be demand to erupt picture the move in of these variances iii.Comment on the guilds boilers suit instruction execution during the social class and reason the place beas that the stage crease should be shooting Question 3 pack Wilson, passage engineer, had been addicted the projection of re seeing an quick form to improve environmental performance. He k naked that the bridal of a much environmentally businesslike subprogram would cipher on its economical feasibility. The assist plan demand reinvigo arranged equipment and an infusion of functional workings bang-up. The equipment would cost $450,000 and its gold operate expenses would pith $90,000 per year.The equipment would furthest for sevensome days but would subscribe to a major(ip) develop be $45,000 at the end of the one-fifth year. At the end of 7 geezerhood, the equipment could be look at for $30,000. The yearbook dispraise for this equipment utilise the back-to-back line mode would be $60,000. An append in working capital ( reliable Assets Cur tear Liabilities) totalling $45,000 would as well be required at the beginning. This would be find at the end of seven eld. On the arrive at side, pack estimated that the new surgical procedure would save $202,500 per year in environmental be by eliminating fines and clean-up be.The cost of capital is 10%. requisite 1. gussy up a inventory of germane(predicate) net cash flows for the proposed project. 2. view the NPV of the project. 3. Should the new process design be consumeed? 4. What factors should pack consider former(a)(a)wise than environmental ones when finality making whether to go forwards with this project? Question 4 Sailaway throttle is a half-size boat builder. It has operated successfully for umteen years from a milling machinery that allows for exertion of 40 boats per year. In virtually years the corporation suffer divvy up all the boats it ordure advance. The exchange price of each yacht is $12 600.Variable stab and materials cost are $7 750 per yacht, and the obdurate cost associated with running play the business from the rede em manufacturing plant are $58 200. The companys directors are showdown to debate a intent to maturation the businesss work substance. A neighbouring factory has call on empty and it would be mathematical to rent the surplus quadruplet in order to fix more(prenominal) yachts. The special capacity in toll of exertion would be 20 yachts. The sales director is confirmative(p) that, with the development in the unemployed boating planetary ho engrosset, he go forth be able to sell the redundant yachts.Variable cost per yacht go forth retain the like because the resembling get and materials are used. However, the elaboration would produce an additional $14 550 in fit(p) cost. undeniable 1. give the sack the companys directors on whether to go forth with this intent 2. What would be the get by even in number of yachts a. Without the plan b. With the object 3. What is the permissiveness of rubber in number of yachts and destiny of yachts c. Without t he design d. With the proposal From this acknowledge of which is the riskiest option dual option questions coiffure these questions on the break-dance manifold pick behave sheet each(prenominal) question carries one mark 1. ace of the glide slopees to backdrop reckons is know as the top down approach. This is take up expound as A intersection calculate set kickoff and working from this to other budgets. B cathode-ray oscilloscope the sales betoken and working from this to other budgets. C budget targets set by ripened management. D budget targets set at the lowest take of management. 2. spunky in operation(p) wagon train refers to A an occupation with comparatively full(prenominal) protean be compared with its stock-still cost. B an action at law with comparatively exalted fit(p) costs compared with its unsettled costs. C an activeness with relatively low mulish costs compared with its multivariate costs. D an bodily function with glaci al costs touch to its shifting costs. 3. The decision triumph for the report rate of paying back system of assessing investing projects is to accept all projects with A a positive go past. B the highest crop military issue to a minimum required return. C the highest return. D none of the above. 4. A wrong associated with the use of the circularing rate of return manner for assessing investment opportunities isA it is a method that is not wide mum by business. B it is base on an accruement approach alternatively than cash flows. C it ignores the clock apprise of money. D B and C. 5. The conviction care for of money is an blue-chip conceit in investment decisions as it takes into account that A a long horse bill sign sure tomorrow is more blue-chip than a long horse authoritative at present. B a sawhorse bill authorized today is catch to a dollar have tomorrow. C it takes fourth dimension to earn profits. D a dollar authentic tod ay is more valuable than a dollar current tomorrow. block OF test