This past December brought long, comprehensive exams that() finals period.

A、make up

B、decide

C、consist

A.$49,500

B.$31,500

C.$32,900

D.$50,900

13 At 1 January 2005 a company had an allowance for receivables of $18,000

At 31 December 2005 the company’s trade receivables were $458,000.

It was decided:

(a) To write off debts totalling $28,000 as irrecoverable;

(b) To adjust the allowance for receivables to the equivalent of 5% of the remaining receivables based on past

experience.

What figure should appear in the company’s income statement for the total of debts written off as irrecoverable

and the movement in the allowance for receivables for the year ended 31 December 2005？

A $49,500

B $31,500

C $32,900

D $50,900

to meet expected claims under warranty.The balance on the warranty provision at 1 January 20X6 was $20,500.During the year, $11,600 was spent setting claims and the remaining opening provision was released as unused. Kinan’s revenue for the year ended 31 December 20X6 was $268.000 What should be the warranty expense charge in Kiran’s statement of profit or loss for year ended 31 December 20X6？

A、$11,600

B、$13,400

C、$25,000

D、$4,500

s for the year ended 31 December 2015 as they show a continuing improvement over recent past performance. However, the finance director says that a better assessment of the company’s performance would be made by a comparison to other companies in the same sector. The finance director has obtained some ratios for Nonat Co’s business sector, based on a year end of 31 December 2015, which are:

Required:

(a) Prepare for Nonat Co the equivalent ratios to those of its sector.

Note: The finance lease obligations should be treated as debt in the ROCE and gearing calculations. (6 marks)

(b) Analyse the financial performance and position of Nonat Co for the year to 31 December 2015 in comparison to the sector averages. (9 marks)

ed 31 December 2005

included the following figures:

$

Profit 684,000

Closing inventory 116,800

Trade receivables 248,000

Allowance for receivables 10,000

No adjustments have yet been made for the following matters:

(1) The company’s inventory count was carried out on 3 January 2006 leading to the figure shown above. Sales

between the close of business on 31 December 2005 and the inventory count totalled $36,000. There were no

deliveries from suppliers in that period. The company fixes selling prices to produce a 40% gross profit on sales.

The $36,000 sales were included in the sales records in January 2006.

(2) $10,000 of goods supplied on sale or return terms in December 2005 have been included as sales and

receivables. They had cost $6,000. On 10 January 2006 the customer returned the goods in good condition.

(3) Goods included in inventory at cost $18,000 were sold in January 2006 for $13,500. Selling expenses were

$500.

(4) $8,000 of trade receivables are to be written off.

(5) The allowance for receivables is to be adjusted to the equivalent of 5% of the trade receivables after allowing for

the above matters, based on past experience.

Required:

(a) Prepare a statement showing the effect of the adjustments on the company’s net profit for the year ended

31 December 2005. (5 marks)

B

Nipponex Eletuics

Tokyo, Japan

27 December 1996

Amperlite Ltd

146 O'Leary St

Dublin, Ireland

Dear sirs,

Improved ways of production make us able to offer you our change of Drilite batteries (电池) at a reduced price for large quantities.

Further information of the new prices for your market are sent to you together with the letter, and you will see that the price has already reduced 5 percent. As c.i.f (成本，保险加运费) to Dubhn is included in our prices, you will agree that they are clearly lower than those of producers of the same batteries, both here in Japan and elsewhere. The quality of our producers remains the same—only the finest chemicals are used. The new prices are for the least orders of 1,000 pounds and will begin from January 1. Immediate sending off is guaranteed because enough can be made whenever you require it.

We appreciate your past dealing and co-operstion (合作) with us, and look forward to supplying you in the new year at the new prices.

Yours truly,

Nipponex Electrics

The underlined word "guaranteed" in the passage probably means "______".

A. in our charge

B. of a little problem

C. difficulty

D. quite sure

BNipponex Eletuics

Tokyo, Japan

27 December 1996

Amperlite Ltd

146 O’Leary St.

Dublin, Ireland

Dear Sirs,

Improved ways of production make us able to offer you our change of Drilite batteries (电池) at a reduced price for large quantities.

Further information of the new prices for your market are sent to you together with the letter, and you will see that the price has already reduced 5 per cent. As c.i.f (成本，保险加运费) to Dublin is included in our prices, you will agree that they are clearly lower than those of producers of the same batteries, both here in Japan and elsewhere. The quality of our producers remains the same--only the finest chemicals are used. The new prices are for the least orders of 1,000 pounds and will begin from January 1. Immediate sending off is guaranteed because enough can be made whenever you require it.

We appreciate your past dealing and co-operation (合作) with us, and look forward to supplying you in the new year at the new prices.

Yours Truly

Nipponex Electrics

第40题：The underlined word “guaranteed” in the passage. Probably means ________.

[A] in our charge

[B] of a little problem

[C] difficulty

[D] quite sure

A.that he is going to leave the company

B.that he is going to report on December 31

C.that he is applying for the job as an assistant

D.that he is going to stay a week or two longer

Nipponex Eletuics

Tokyo, Japan

27 December 1996

Amperlite Ltd

146 O'Leary St

Dublin, Ireland

Dear sirs,

Improved ways of production make us able to offer you our change of Drilite batteries (电池) at a reduced price for large quantities.

Further information of the new prices for your market are sent to you together with the letter, and you will see that the price has already reduced 5 percent. As c.i.f (成本，保险加运费) to Dubhn is included in our prices, you will agree that they are clearly lower than those of producers of the same batteries, both here in Japan and elsewhere. The quality of our producers remains the same—only the finest chemicals are used. The new prices are for the least orders of 1,000 pounds and will begin from January 1. Immediate sending off is guaranteed because enough can be made whenever you require it.

We appreciate your past dealing and co-operstion (合作) with us, and look forward to supplying you in the new year at the new prices.

Yours truly,

Nipponex Electrics

The underlined word "guaranteed" in the passage probably means "______".

A．in our charge

B．of a little problem

C．difficulty

D．quite sure