FM202. CHAPTERS COVERED : CHAPTERS 1-4 and 16 LEARNER GUIDE : STUDY UNITS 1-3 DUE DATE : 3:00 p.m. 21 AUGUST 2012 TOTAL MARKS : 100
|
|
- Josephine Mitchell
- 6 years ago
- Views:
Transcription
1 Page 1 of 11 ASSIGNMENT 2 ND SEMESTER : FINANCIAL MANAGEMENT 2 () CHAPTERS COVERED : CHAPTERS 1-4 and 16 LEARNER GUIDE : STUDY UNITS 1-3 DUE DATE : 3:00 p.m. 21 AUGUST 2012 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING AND SUBMITTING ASSIGNMENTS The complete Instructions to Students for Completing and Submitting Assignments must be collected from any IMM GSM office, the relevant Student Support Centre or can be downloaded from the IMM GSM website. It is essential that the complete instructions be studied prior to commencing your assignment. The following points highlight only a few important notes. 1. You are required to submit ONE assignment per subject. 2. The assignment will contribute 20% towards the final examination mark, and the other 80% will be contributed by the examination, however the examination papers will count out of 100%. 3. Although your assignment will contribute towards your final examination mark, you do not have to earn credits for admission to the examinations; you are automatically accepted on registering for the exam. 4. Number all the pages of your assignment (e.g. page 1 of 4) and write your name and surname, student number and subject at the top of each page. 5. The IMM GSM requires assignments to be presented on plain A4 paper. You must show all working calculations, including and where appropriate multiple choice working calculations. 6. A separate assignment cover, which is provided by the IMM GSM, must be attached to the front cover of each assignment. 7. Retain a copy of each assignment before submitting, in case the original does not reach the IMM GSM. 8. The assignment due date refers to the day up to which assignments will be accepted for marking purposes. The deadline is 3:00 p.m. on 21 August Late assignments will be accepted, but 25 marks will be deducted from the maximum mark, if received after 3:00 p.m. on 21 August 2012 and up to 5:00 p.m. the following day, after which no assignments will be accepted. 9. If you fail to follow these instructions carefully, the IMM Graduate School of Marketing cannot accept responsibility for the return of the assignment. It may even result in your assignment not being marked. Results will be available on the IMM GSM website, on Friday, 5 October 2012.
2 Page 2 of 11 SPECIFIC INSTRUCTIONS Answer ALL the questions Show ALL calculations. Read all questions carefully to determine exactly what is required before attempting to answer. Number your answers clearly and set them out under appropriate headings and sub-headings. ANSWER ALL THE QUESTIONS QUESTION 1 [25] Indicate your answers to each of the following questions on the answer sheet provided. Each answer is worth one (1) mark. For each question below select the MOST APPROPRIATE answer from the choices given. Mark your answer with an X in the correct block on the ANSWER SHEET on page An analysis of the relationship between the sales volume and various measures of profitability is called analysis. a. forecasting b. scenario c. sensitivity d. simulation e. break-even 1.2. Variable costs a. change in direct relationship to the quantity of output produced. b. are constant in the short-run regardless of the quantity of output produced. c. reflect the change in a variable when one more unit of output is produced. d. are subtracted from fixed costs to compute the contribution margin. e. form the basis that is used to determine the degree of operating leverage employed by an organisation Fixed costs a. change as the quantity of output produced changes. b. are constant over the short-run regardless of the quantity of output produced. c. reflect the change in a variable when one more unit of output is produced. d. are subtracted from sales to compute the contribution margin. e. can be ignored in scenario analysis since they are constant over the life of a project.
3 Page 3 of The difference between the unit sales price and the variable cost per unit is called a. operating leverage. b. the contribution margin. c. the gross profit. d. the net profit. e. the marginal revenue The degree to which an organisation relies on fixed production costs is called its a. operating leverage. b. financial break-even. c. contribution margin. d. cost sensitivity. e. fixed break-even The percentage change in operating cash flow relative to the percentage change in quantity sold is called the a. marginal profit. b. degree of operating leverage. c. gross profit. d. net profit. e. financial break-even Which ONE of the following is most likely a variable cost? a. Office rent b. Property taxes c. Property insurance d. Direct labour costs e. Management salaries 1.8. Which of the following statements concerning variable costs is/are correct? I. Variable costs minus fixed costs equal marginal costs. II. Variable costs are equal to zero when production is equal to zero. III. An increase in variable costs increases the operating cash flow. IV. Variable costs can be ascertained with certainty when evaluating a proposed project. a. II only b. IV only c. I and III only d. II and IV only e. I and II only 1.9. All else constant, as the variable cost per unit increases, the a. contribution margin decreases. b. sensitivity to fixed costs decreases. c. degree of operating leverage decreases. d. operating cash flow increases. e. net profit increases.
4 Page 4 of As additional equipment is purchased, the level of fixed costs tends to and the degree of operating leverage tends to a. remain constant; remain constant. b. rise; rise. c. rise; fall. d. fall; rise. e. fall; fall Fixed costs I. are variable over long periods of time. II. must be paid even if production is halted. III. are generally affected by the amount of fixed assets owned by an organisation. IV. per unit remain constant over a given range of production output. a. I and III only b. II and IV only c. I, II, and III only d. I, II, and IV only e. I, II, III, and IV Which one of the following is a fixed cost in the short-run? a. A lease on a copier b. The cost of a machine operator c. The cost of raw materials d. The cost of building maintenance e. Employee benefits for shop workers The contribution margin must increase as a. both the sales price and variable cost per unit increase. b. the fixed cost per unit declines. c. the gap between the sales price and the variable cost per unit widens. d. sales price per unit declines. e. the sales price minus the fixed cost per unit increases Given a constant sales price, the larger the contribution margin, the a. higher the variable cost per unit as a percentage of the sales price. b. higher the cash break-even point. c. lower the financial break-even point. d. lower the fixed costs as a percentage of the sales price. e. lower the gross profit per unit sold You are considering a project that you believe is quite risky. To reduce any potentially harmful results from accepting this project, you could a. lower the degree of operating leverage. b. lower the contribution margin. c. increase the initial cash outlay. d. increase the fixed costs per unit while lowering the contribution margin. e. lower the operating cash flow of the project.
5 Page 5 of Which ONE of the following statements is generally correct about a project with a high degree of operating leverage? I. The project has relatively high variable costs. II. The project is capital intensive. III. The amount of the initial cash outlay is generally relatively large in relation to the size of the project. IV. The forecasting risk of the project is high. a. I and II only b. III and IV only c. I, II, and III only d. II, III, and IV only e. I, II, and IV only Which one of the following could lower the risk of a project by lowering the degree of operating leverage? a. You could hire temporary workers from an employment agency rather than hire part-time employees. b. You could use sub-contractors to produce sub-assemblies of your product rather than purchase new equipment to do the work in-house. c. You could lease equipment on a long-term basis rather than buy the equipment. d. You could lower the projected selling price per unit. e. You could change the production method to one which relies more on fixed costs and less on variable costs than the current proposed method of production Ralph is in charge of a project that has a degree of operating leverage of 2.5. What will happen to the operating cash flows if Ralph increases the number of units sold by 5 per cent? a. Increase by 2 per cent b. Increase by 12.5 per cent c. Increase by 50 per cent d Decrease by 12.5 per cent e. Decrease by 50 per cent Ann Marie has noted that every time the sales quantity increases by 3 per cent for a particular project, the operating cash flow for the project increases by 5 per cent. What is the degree of operating leverage for this project if the contribution margin is R4? a b c d e. 5.67
6 Page 6 of The fixed costs of a project are R The depreciation expense is R3 500 and the operating cash flow is R What is the degree of operating leverage for this project? a b c d e Webster and Words manage a product with a 3,5 degree of operating leverage. Sales of the product are expected to decline by 15 per cent next year. What is the expected change in the operating cash flow for this product for next year? a. Increase by 23.3 per cent b. Increase by 52.5 per cent c. Decrease by 4.3 per cent d. Decrease by 23.3 per cent e. Decrease by 52.5 per cent Use the following information from the 2009 financial statements of Analytics Ltd to answer Questions : Cash Trade receivables Inventory Investment in associates Property, plant and equipment at cost Accumulated depreciation Trade payables Tax payable Short-term loans Long-term loans Ordinary share capital Preference share capital Reserves Retained profit Turnover Cost of sales Operating expenses Investment income Finance cost Tax Preference share dividends Ordinary share dividends
7 Page 7 of Analytics Ltd s current ratio is a b c d e Analytics Ltd s debt to equity ratio is a b c d e Analytics Ltd s return on total assets is a. 7.92% b % c % d % e 8.45% Analytics Ltd s inventory turnover ratio is a times b times c times d times e times QUESTION 2 [25] 2.1 CEO Manufacturing Limited is considering a new product and is unsure about its price as well as the variable cost associated with it. CEO s marketing department believes that the organisation can sell the product for R5 000 per unit, but feels that if the initial market response is weak, the price may have to be 20% lower in order to be competitive with existing products. The organisation s best estimates of its costs are fixed costs of R36 million and variable cost of R3 250 per unit. Concern exists with regard to the variable cost per unit due to currently volatile raw material and labour costs. Although the organisation expects this cost to be about R3 250 per unit, it could be as much as 8% above that value. The organisation expects to sell about units per year. Answer the following questions (round to the nearest rand): a) Calculate the organisation s break-even volume, assuming its initial estimates are accurate. (2) b) Perform a sensitivity analysis by calculating the break-even point for all combinations of the sale price per unit and variable cost per unit. (Hint: There are four scenarios and combinations.) (8) c) In the best case, how many units will the organisation need to sell to break even? (1)
8 Page 8 of 11 d) In the worst case, how many units will the organisation need to sell to break even? (1) 2.2 Grey Products has fixed operating costs of R , variable operating costs of R16 per unit, and a selling price of R63.50 per unit. a) Calculate the break-even point in units. (2) b) Calculate the organisation s earnings before interest and tax (EBIT) at 9 000, and units respectively. (3) c) With units as base, what are the percentage changes in units sold and EBIT as sales move from the base to the other sales levels used in b)? (4) d) Use the percentages computed in c) to determine the degree of operating leverage (DOL). (1) e) Use the formula for degree of operating leverage to determine the DOL at units. (3) QUESTION 3 [20] The following items from the 2009 financial statements of Unsorted Ltd are provided to you: Cash Trade receivables Inventory Investment in associates Property, plant and equipment at cost Accumulated depreciation Trade payables Tax payable Short-term loans Long-term loans Ordinary share capital Preference share capital Reserves Retained profit Turnover Cost of sales Operating expenses Investment income Finance cost Tax Preference share dividends Ordinary share dividends You are required to: Compile the company s statement of financial position (balance sheet) and statement of comprehensive income (income statement) based on this information.
9 Page 9 of 11 QUESTION 4 [30] 4.1 Use the following information for Johnson International and the industry averages for Johnson s line of business to: a. Construct the DuPont system of analysis for both Johnson and the industry for the three year period. (6) b. Evaluate Johnson and the industry over the 3 year period. (3) c. Indicate in which areas Johnson requires further analysis. Motivate? (3) Johnson Financial leverage multiplier Net profit margin Total asset turnover Industry averages Financial leverage multiplier Net profit margin Total asset turnover Home Health Ltd has come to you for a yearly financial check-up. As a first step, you have prepared a complete set of ratios for the fiscal years 2008 and You will use them to look for significant changes in the company s situation from one year to the next. Home Health Ltd Financial Ratios Ratio Current ratio Quick ratio Inventory turnover Average collection period 42.6 days 31.4 days Total asset turnover Debt ratio Times interest earned ratio Gross profit margin 68% 65% Operating profit margin 14% 16% Net profit margin 8.3% 8.1% Return on total assets 11.6% 16.2% Return on ordinary shareholders equity 21.1% 42.6% Price/earnings ratio Market/book ratio
10 Page 10 of 11 a. To focus on the degree of change, calculate the year-to-year proportional change by subtracting the year 2008 ratio from the year 2009 ratio, then dividing the difference by the year 2008 ratio. Multiply the result by 100. Preserve the positive or negative sign. The result is the percentage change from 2008 to Calculate the proportional change for the ratios shown here. Show in tabular form with the following headings: Ratio Difference Proportional difference b. For any ratio that shows a year-to-year difference of 10% or more, state whether the difference is in the company s favour or not. Show in tabular form with the following headings: (7) Ratio Proportional difference Company s favour c. For the most significant changes (25% or more), look at the other ratios and cite at least one other change that may have contributed to the change in the ratio you are discussing. (2) (9) ASSIGNMENT TOTAL: 100
11 Page 11 of 11 ANSWER SHEET (DETACH THE ANSWER SHEET AND INCLUDE IT WITH YOUR ASSIGNMENT) ASSIGNMENT: DATE: 21 August 2012 QUESTION One (1) STUDENT NUMBER: Financial Management 2 () QUESTION NO. SELECTED ANSWER 1.1 a b c d e 1.2 a b c d e 1.3 a b c d e 1.4 a b c d e 1.5 a b c d e 1.6 a b c d e 1.7 a b c d e 1.8 a b c d e 1.9 a b c d e 1.10 a b c d e 1.11 a b c d e 1.12 a b c d e 1.13 a b c d e 1.14 a b c d e 1.15 a b c d e 1.16 a b c d e 1.17 a b c d e 1.18 a b c d e 1.19 a b c d e 1.20 a b c d e 1.21 a b c d e 1.22 a b c d e 1.23 a b c d e 1.24 a b c d e 1.25 a b c d e
CHAPTERS COVERED : CHAPTERS 1-8, 10 & LEARNER GUIDE : STUDY UNITS 1-4 & 8. DUE DATE : 3:00 p.m. 21 AUGUST 2012
Page 1 of 6 ASSIGNMENT 2 ND SEMESTER : FINANCIAL MANAGEMENT () CHAPTERS COVERED : CHAPTERS 1-8, 10 & 21-24 LEARNER GUIDE : STUDY UNITS 1-4 & 8 DUE DATE : 3:00 p.m. 21 AUGUST 2012 TOTAL MARKS : 100 INSTRUCTIONS
More informationFM101 CHAPTERS COVERED : CHAPTERS 1, 5, 7 AND 8. DUE DATE : 3:00 p.m. 21 AUGUST 2012
Page 1 of 11 ASSIGNMENT 2 ND SEMESTER : FINANCIAL MANAGEMENT 1 () CHAPTERS COVERED : CHAPTERS 1, 5, 7 AND 8 DUE DATE : 3:00 p.m. 21 AUGUST 2012 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING
More informationFM303 CHAPTERS COVERED : CHAPTERS 1, 5, DUE DATE : 3:00 p.m. 18 March 2014
Page 1 of 9 ASSIGNMENT 1 ST SEMESTER : FINANCIAL MANAGEMENT 3 () CHAPTERS COVERED : CHAPTERS 1, 5, 8-10 STUDY UNITS : STUDY UNITS 1-3 DUE DATE : 3:00 p.m. 18 March 2014 TOTAL MARKS : 100 INSTRUCTIONS TO
More informationASSIGNMENT MEMORANDUM : FINANCIAL MANAGEMENT 2 (FM202)
Page 1 of 6 ASSIGNMENT MEMORANDUM SUBJECT : FINANCIAL MANAGEMENT 2 () ASSIGNMENT : 2 nd SEMESTER 2012 QUESTION 1 [25] 1.1. e 1.2. a 1.3. b 1.4. b 1.5. a 1.6. b 1.7. d 1.8. a 1.9. a 1.10. b 1.11. c 1.12.
More informationDUE DATE : 3pm Tuesday 16 March MATERIAL REQUIRED : ANSWER SHEET Refer to page 7
Page 1 of 7 ASSIGNMENT 1 st SEMESTER : FINANCIAL MANAGEMENT (FM) STUDY UNITS COVERED : MODULES 1-10 DUE DATE : 3pm Tuesday 16 March 2010 TOTAL MARKS : 100 MATERIAL REQUIRED : ANSWER SHEET Refer to page
More informationFM202. DUE DATE : 3:00 p.m. 19 MARCH 2013
Page 1 of 11 ASSIGNMENT 1 ST SEMESTER : FINANCIAL MANAGEMENT 2 () CHAPTERS COVERED : CHAPTERS 1 to 4 LEARNER GUIDE : UNITS 1, 2, 3 and 4 DUE DATE : 3:00 p.m. 19 MARCH 2013 TOTAL MARKS : 100 INSTRUCTIONS
More informationSTUDY UNITS COVERED : STUDY UNITS 1-5 (SECTION B) DUE DATE : 3:00 p.m. 20 MARCH 2012
Page 1 of 8 ASSIGNMENT 1 ST SEMESTER: NAGEMENT ACCOUNTING () STUDY UNITS COVERED : STUDY UNITS 1-5 (SECTION B) DUE DATE : 3:00 p.m. 20 RCH 2012 TOTAL RKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING
More informationSTUDY UNITS COVERED : CHAPTERS 3-7. DUE DATE : 3pm Tuesday 16 March 2010
Page 1 of 5 ASSIGNMENT 1 st SEMESTER : FINANCIAL ACCOUNTING (FA) STUDY UNITS COVERED : CHAPTERS 3-7 DUE DATE : 3pm Tuesday 16 March 2010 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING AND
More informationFM303 CHAPTERS COVERED : CHAPTERS 1, 5, DUE DATE : 3:00 p.m. 19 AUGUST 2014
Page 1 of 8 ASSIGNMENT 2 nd SEMESTER : FINANCIAL MANAGEMENT 3 () CHAPTERS COVERED : CHAPTERS 1, 5, 8-10 STUDY UNITS COVERED : STUDY UNITS 1-3 DUE DATE : 3:00 p.m. 19 AUGUST 2014 TOTAL MARKS : 100 INSTRUCTIONS
More informationDUE DATE : 3:00 p.m. 18 MARCH 2014
Page 1 of 8 ASSIGNMENT 1 ST SEMESTE : FINANCIAL ACCOUNTING () STUDY UNITS COVEED : STUDY UNITS 1-4 CHAPTES COVEED : CHAPTES 1-6 DUE DATE : 3:00 p.m. 18 MACH 2014 TOTAL MAKS : 100 INSTUCTIONS TO CANDIDATES
More informationFM101 CHAPTERS COVERED : CHAPTERS 1-5, 7, 8. DUE DATE : 3:00 p.m. 15 MARCH 2011
Page 1 of 6 ASSIGNMENT 1 ST SEMESTER : FINANCIAL MANAGEMENT 1 () CHAPTERS COVERED : CHAPTERS 1-5, 7, 8 DUE DATE : 3:00 p.m. 15 MARCH 2011 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING AND
More informationSTUDY UNITS COVERED : STUDY UNITS 1-5 & 7 CHAPTERS COVERED : CHAPTERS 1-5, 7, 8, 9 & 18. DUE DATE : 3:00 p.m. 18 March 2014
Page 1 of 7 ASSIGNMENT 1 ST SEMESTE : FINANCIAL MANAGEMENT STUDY UNITS COVEED : STUDY UNITS 1-5 & 7 CHAPTES COVEED : CHAPTES 1-5, 7, 8, 9 & 18 DUE DATE : 3:00 p.m. 18 March 2014 TOTAL MAKS : 100 INSTUCTIONS
More informationch11 Student: 3. An analysis of what happens to the estimate of net present value when only one variable is changed is called analysis.
ch11 Student: Multiple Choice Questions 1. Forecasting risk is defined as the: A. possibility that some proposed projects will be rejected. B. process of estimating future cash flows relative to a project.
More informationASSIGNMENT 1 ST SEMESTER : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) STUDY UNITS COVERED : STUDY UNITS 1 AND 2. DUE DATE : 3:00 p.m.
Page 1 of 15 ASSIGNMENT 1 ST SEMESTER : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) STUDY UNITS COVERED : STUDY UNITS 1 AND 2 DUE DATE : 3:00 p.m. 19 MARCH 2013 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES
More informationFM101. DUE DATE : 3:00 p.m. 16 AUGUST 2011
Page 1 of 6 ASSIGNMENT 2 nd SEMESTER : FINANCIAL MANAGEMENT 1 () CHAPTERS COVERED : CHAPTERS 1-5, 7, 8 DUE DATE : 3:00 p.m. 16 AUGUST 2011 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING AND
More informationTutorial Letter: May 2014 examination session. Financial Management 3 (FM303) Semester One 2014
Tutorial Letter: May 2014 examination session Financial Management 3 () Semester One 2014 Dear Student Please make note of the following key areas and notes pertaining to the Financial Management 3 Examination
More informationSTUDY UNITS COVERED : STUDY UNITS 1-2. DUE DATE : 3:00 p.m. 20 AUGUST 2013
Page 1 of 8 ASSIGNMENT 2 ND SEMESTER : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) STUDY UNITS COVERED : STUDY UNITS 1-2 DUE DATE : 3:00 p.m. 20 AUGUST 2013 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR
More informationTutorial Letter: May 2014 examination session. Financial Management 2 (FM202) Semester One 2014
Tutorial Letter: May 2014 examination session Financial Management 2 () Semester One 2014 Dear Student Please make note of the following key areas and notes pertaining to the Financial Management 2 Examination
More informationM1 - CIMA Masters Gateway Assessment (CMGA)
M1 - CIMA Masters Gateway Assessment (CMGA) 23 November 2010 Tuesday Afternoon Session Instructions to candidates You are allowed three hours to answer this question paper. You are allowed 20 minutes reading
More informationFull file at
Chapter 03 1. Projected future financial statements are called: A. plug statements. B. pro forma statements. C. reconciled statements. D. aggregated statements. E. comparative statements. 2. The extended
More informationMANAGEMENT INFORMATION
CERTIFICATE LEVEL EXAMINATION SAMPLE PAPER 1 (90 MINUTES) MANAGEMENT INFORMATION This assessment consists of ONE scenario based question worth 20 marks and 32 short questions each worth 2.5 marks. At least
More informationACCOUNTING RATIOS PROFITABILITY RATIOS BY- ANUJ JINDAL
ACCOUNTING RATIOS PROFITABILITY RATIOS BY- ANUJ JINDAL PROFITABILITY RATIOS A company's ability to generate profits from its operations A company's return on investment in inventory and other assets Profitability
More informationFEEDBACK TUTORIAL LETTER ASSIGNMENT 2 COST AND MANAGEMENT ACCONTING 102 CMA512S
FEEDBACK TUTORIAL LETTER 2 nd SEMESTER 2017 ASSIGNMENT 2 COST AND MANAGEMENT ACCONTING 102 CMA512S 1 COURSE: COST AND MANAGEMENT ACCOUNTING 102 COURSE CODE: CMA512S TUTORIAL LETTER: 01/2017 DATE: 08/2017
More informationCMA 2010 Support Package
CMA 2010 Support Package Ratio Definitions CMA EXAM RATIO DEFINITIONS Abbreviations EBIT = Earnings before interest and taxes EBITDA = Earnings before interest, taxes, depreciation and amortization EBT
More informationBusiness 2039 Finance II
Business 2039 Finance II Lakehead University Midterm I P. Grégoire Spring 2005 Time allowed: 2 hours. Instructions: Calculators are permitted. No cheat sheet allowed. Please answer all questions in the
More informationEXAMINATION : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101)
Page 1 of 6 EXAMINATION : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) DATE : 21 MAY 2014 TIME ALLOWED : 3 HOURS TOTAL MARKS : 100 MATERIAL SUPPLIED : ANSWER BOOK INSTRUCTIONS TO CANDIDATES 1. Please refer
More informationDO NOT OPEN THIS QUESTION PAPER UNTIL YOU ARE TOLD TO DO SO. Performance Pillar. P1 Performance Operations. Wednesday 27 August 2014
DO NOT OPEN THIS QUESTION PAPER UNTIL YOU ARE TOLD TO DO SO. Performance Pillar P1 Performance Operations Instructions to candidates Wednesday 27 August 2014 You are allowed three hours to answer this
More informationDistractor B: Candidate gets it wrong way round. Distractors C & D: Candidate only compares admin fee to cost without factor.
Answers ACCA Certified Accounting Technician Examination, Paper T10 Managing Finances June 2010 Answers Section A 1 D 2 A 365/ 23 100 1 173 % 100 1 = 365/ 23 1 1+ 1 173 99 = % Candidates should answer
More informationEXAMINATION : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101)
Page 1 of 7 EXAMINATION : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) DATE : 23 OCTOBER 2013 TIME ALLOWED : 3 HOURS TOTAL MARKS : 100 MATERIAL SUPPLIED : ANSWER BOOK INSTRUCTIONS TO CANDIDATES 1. Please
More informationLearning Plan 3 Chapter 3
Learning Plan 3 Chapter 3 Questions 1 and 2 (page 82) To convert a decimal into a percent, you must move the decimal point two places to the right. 0.72 = 72% 5.46 = 546% 3.0842 = 308.42% Question 3 Write
More informationDate: Duration: Total marks:
POLYTECHNIC OF NAMIBIA SCHOOL OF MANAGEMENT SCIENCES DEPARTMENT: ACCOUNTING, ECONOMICS & FINANCE BACHELOR OF ACCOUNTING COST & MANAGEMENT ACCOUNTING 201 (CMA 611 S) FIRST OPPORTUNITY EXAMINATION QUESTION
More informationLearning Goal 1: Review the contents of the stockholders' report and the procedures for consolidating international financial statements.
Principles of Managerial Finance, 12e (Gitman) Chapter 2 Financial Statements and Analysis Learning Goal 1: Review the contents of the stockholders' report and the procedures for consolidating international
More informationExaminations for Academic Year Semester I / Academic Year 2015 Semester II. 1. This question paper consists of Section A and Section B.
PROGRAMME COHORT BSc (Hons) Human Resource Management BSc (Hons) Management BHRM/14B/FT BMAN/15A/FT B1, B2 Examinations for Academic Year 2015 2016 Semester I / Academic Year 2015 Semester II MODULE: COST
More informationPortfolio Project. Ashley Moss. MGMT 575 Financial Analysis II. 3 November Southwestern College Professional Studies
Running head: TOOLS 1 Portfolio Project Ashley Moss MGMT 575 Financial Analysis II 3 November 2012 Southwestern College Professional Studies TOOLS 2 Table of Contents 1. Valuation and Characteristics of
More informationUS03FBCA01- Financial Accounting and Management. Liquidity ratios Leverage ratios Activity ratios Profitability ratios
Unit 4 Ratio Analysis and Cost-Volume- Profit (CVP) Analysis Types of Ratio Several ratios, calculated from the accounting data, can be grouped into various classes according to financial activity or function
More informationThis paper is not to be removed from the Examination Halls
~~AC1025 ZB d0 This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZB BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences,
More informationAppendix. IPCC Gr. I (Solution of May ) Paper - 3A : Cost Accounting
Solved Scanner Appendix IPCC Gr. I (Solution of May - 2015 ) Paper - 3A : Cost Accounting Chapter - 1: Basic Concepts 2015 - May [5] (a) Sunk Cost: Sunk costs are historical costs incurred in the past
More informationP1 Performance Operations September 2014 examination
Operational Level Paper P1 Performance Operations September 2014 examination Examiner s Answers Note: Some of the answers that follow are fuller and more comprehensive than would be expected from a well-prepared
More informationRevision of management accounting
1 Revision of management accounting The following topics are covered in this chapter: Standard costing Flexible budgeting Absorption and marginal costing 1.1 STANDARD COSTING LEARNING SUMMARY After studying
More informationSupply chain management and return on total net assets Understanding the impact of SCM decisions on financial performance
Supply chain management and return on total net assets Understanding the impact of SCM decisions on financial performance CASE STUDY SUPPLY CHAIN MANAGEMENT Simon Templar AUTHOR BIOGRAPHY DR SIMON TEMPLAR
More informationPaper P1 Management Accounting Performance Evaluation Post Exam Guide November 2008 Exam. General Comments
General Comments The overall result on this paper was reasonable and, while performance was well below the level seen in May 2008, there was a small improvement on the previous November sitting. gained
More informationMOCK TEST PAPER INTERMEDIATE (IPC): GROUP I PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT
MOCK TEST PAPER INTERMEDIATE (IPC): GROUP I PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT Test Series: March 2018 Answers are to be given only in English except in the case of the candidates who have
More informationBusiness Numeracy (BN101) Tutorial Letter: October 2013 examination session
Page 1 of 5 Business Numeracy () Tutorial Letter: Dear Student Please make note of the following key areas pertaining to the Business Numeracy October Examination. You are reminded that the detail provided
More informationAccounting)Exam)Notes!
Accounting)Exam)Notes! Week 1 The role of accounting in business Adjusting processes can be created Accounting period - a measurement period. 12 months. Listed companies can be 6 months - even quarterly.
More informationMANAGEMENT INFORMATION
CERTIFICATE LEVEL EXAMINATION SAMPLE PAPER 3 (90 MINUTES) MANAGEMENT INFORMATION This assessment consists of ONE scenario based question worth 20 marks and 32 short questions each worth 2.5 marks. At least
More informationBusiness 5039 Managerial Finance Lakehead University
Business 5039 Managerial Finance Lakehead University Midterm Exam Philippe Grégoire Fall 2004 Time allowed: 2 hours. Instructions: Good luck! Calculators are permitted. No cheat sheet allowed. Please answer
More informationFinal Examination Semester 2 / Year 2011
Southern College Kolej Selatan 南方学院 Final Examination Semester 2 / Year 2011 COURSE : BASIC COSTING COURSE CODE : ACCT2013 TIME : 2 1/2 HOURS DEPARTMENT : FINANCE AND ACCOUNTING LECTURER : GAN HWI SIN
More informationANZ SHARE INVESTING EXCHANGE TRADED OPTIONS PDS 21 OCTOBER 2016
ANZ SHARE INVESTING EXCHANGE TRADED OPTIONS PDS 21 OCTOBER 2016 EXCHANGE TRADED OPTIONS Product disclosure statement (PDS) 21 October 2016 CONTENTS Important Information 3 Purpose of a PDS 3 About Share
More informationP7 Financial Accounting and Tax Principles
Financial Management Pillar Managerial Level Paper P7 Financial Accounting and Tax Principles 21 May 2009 Thursday Afternoon Session Instructions to candidates You are allowed three hours to answer this
More informationAnalysing costs and revenues
Osborne Books Tutor Zone Analysing costs and revenues Practice assessment 1 Osborne Books Limited, 2013 2 a n a l y s i n g c o s t s a n d r e v e n u e s t u t o r z o n e This assessment relates to
More informationEssential Learning for CTP Candidates TEXPO Conference 2017 Session #03
TEXPO Conference 2017: Essential Learning for CTP Candidates Session #3 (Mon.1:45 3:00 pm) Overview of Basic CTP Math from ETM5 Chap 07: Earnings Credits Chap 11: Working Capital Chap 08: Fin. Statements
More informationADDENDUM B: COMPULSORY WRITTEN ASSIGNMENT 02/2016 FOR THE FIRST SEMESTER
MAC2602/MO001 ADDENDUM B: COMPULSORY WRITTEN ASSIGNMENT 02/2016 FOR THE FIRST SEMESTER DUE DATE: assignment) 6 APRIL 2016 (No extension of time will be given for submission of this Before attempting this
More informationFMA. Management Accounting. OpenTuition.com ACCA FIA. March/June 2016 exams. Free resources for accountancy students
OpenTuition.com Free resources for accountancy students March/June 2016 exams ACCA FIA F2 FMA Management Accounting Please spread the word about OpenTuition, so that all ACCA students can benefit. ONLY
More informationThis paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON
~~AC1025 ZB d0 This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZB BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences,
More informationFoundation Access Course for Undergraduate Programmes. Examinations for 2010 / Semester 2
Foundation Access Course for Undergraduate Programmes Cohort: FACUP/10A/FT Examinations for 2010 / Semester 2 MODULE: FOUNDATION OF ACCOUNTING 2 MODULE CODE: ACCF 0118 Duration: 2 Hours Reading time: 15
More informationEssential Learning for CTP Candidates TEXPO Conference 2017 Session #02
TEXPO Conference 2017: Essential Learning for CTP Candidates Session #2 (Monday. 10:30 11:45 am) ETM5-Chapter 8: Financial Accounting and Reporting ETM5-Chapter 9: Financial Planning and Analysis Essentials
More informationAnalysing financial performance
Osborne Books Tutor Zone Analysing financial performance Chapter activities Osborne Books Limited, 2013 2 a n a l y s i n g f i n a n c i a l p e r f o r m a n c e t u t o r z o n e 1 Management accounting
More informationFOREWORD... 1 ACCOUNTING... 2
FOREWORD... 1 ACCOUNTING... 2 GCE Advanced Level and GCE Advanced Subsidiary Level... 2 Paper 9706/01 Multiple Choice (Core)... 2 Paper 9706/02 Structured Questions... 3 Paper 9706/03 Multiple Choice (Extension)...
More informationSensitivity = NPV / PV of key input
SECTION A 20 MARKS Question One 1.1 The answer is D 1.2 The answer is C Sensitivity measures the percentage change in a key input (for example initial outlay, direct material, direct labour, residual value)
More informationPerformance Pillar. P1 Performance Operations. Wednesday 1 September 2010
Performance Pillar P1 Performance Operations Instructions to candidates Wednesday 1 September 2010 You are allowed three hours to answer this question paper. You are allowed 20 minutes reading time before
More informationAnalysing cost and revenues
Osborne Books Tutor Zone Analysing cost and revenues Chapter activities Osborne Books Limited, 2013 2 a n a l y s i n g c o s t s a n d r e v e n u e s t u t o r z o n e 1 An introduction to cost accounting
More informationYORK UNIVERSITY School of Administrative Studies. AP/ADMS Section A Summer 2013 Mid-Term Examination, Sunday, July 7 th, 12 noon 3 pm
LAST NAME FIRST NAME STUDENT NUMBER - - SIGN IN # YORK UNIVERSITY School of Administrative Studies AP/ADMS 2510 3.0 Section A Summer 2013 Mid-Term Examination, Sunday, July 7 th, 12 noon 3 pm Instructions:
More informationBreak-even even & Leverage Analysis
Break-even even & Leverage Analysis Timothy R. Mayes, Ph.D. FIN 330: Chapter 12 1 Types of Costs Essentially, there are two types of costs that a business faces: Variable costs which vary proportionally
More informationTOTAL POINTS = 100. TOTAL TIME = 60 minutes. Provide your answers on the exam sheet directly. Read all questions very carefully. Write legibly.
MC EXE I EXE II TOTAL Econ 002 INTRO MACRO Prof. Luca Bossi February 11, 2013 MIDTERM #1 SOLUTIONS My signature below certifies that I have complied with the University of Pennsylvania's Code of Academic
More informationNATIONAL 5 Accounting
MADRAS COLLEGE FACULTY OF TECHNOLOGIES DEPARTMENT OF BUSINESS AND ENTERPRISE NATIONAL 5 Accounting Course Information Name: ACCOUNTING NATIONAL 5 COURSE AIMS AND STRUCTURE The course aims to enable learners
More informationIntroduction to Finance. 1 March Examination Paper. Time: 3 hours
Introduction to Finance 1 March 2016 Examination Paper Answer any FOUR (4) questions. Clearly cross out surplus answers. Failure to do this will result in only the first FOUR (4) answers being marked.
More informationThis paper is not to be removed from the Examination Halls
~~AC1025 ZB d0 This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZB BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences,
More informationOverview. Overview. Chapter 19 9/24/2015. Centre Point: Reversion Sale Price
Overview Chapter 19 Investment Decisions: NPV and IRR Major theme: most RE decisions are made with an investment motive magnitude of expected CFs--and the values they create are at the center of investment
More informationHOMEWORK #2 CHAPTERS 3, 5, 6, and 7 (Due: Feb 3, 2012)
HOMEWORK #2 CHAPTERS 3, 5, 6, and 7 (Due: Feb 3, 2012) Group Members (max 4 all four students MUST belong in same Class-Time Section): 1) 2) 3) 4) FIN304 Class-Time Section: 3-2. Griffey Junior Wear, Inc.,
More informationTykoh Valuation Utility - user guide v 1.1
Tykoh Valuation Utility - user guide v 1.1 Introduction This guide describes a valuation utility that is basic in some ways and sophisticated in others - it combines a simple framework with advanced analytics.
More informationThe budgeted information on the two business opportunities that Green Bush records are currently considering investing in is as follows:
ICB Cost and Management Accounting Playlist Handbook SECTION A: REVISION VIDEO QUESTIONS Break-even analysis The budgeted information on the two business opportunities that Green Bush records are currently
More informationP1 Performance Operations
Pillar P P1 Performance Operations Instructions to candidates Specimen Examination Paper You are allowed three hours to answer this question paper. You are allowed 0 minutes reading time before the examination
More informationCOST-VOLUME-PROFIT ANALYSIS
COST-VOLUME-PROFIT ANALYSIS 1. COST-VOLUME-PROFIT (CVP) ANALYSIS CVP analysis, often referred to as break-even analysis, examines the interrelationship of sales activity, prices, costs, and profits in
More informationCambridge International Advanced Subsidiary Level and Advanced Level 9706 Accounting November 2014 Principal Examiner Report for Teachers
Cambridge International Advanced Subsidiary Level and Advanced Level ACCOUNTING www.xtremepapers.com Paper 9706/11 Multiple Choice 1 B 16 B 2 B 17 B 3 B 18 D 4 C 19 D 5 C 20 C 6 D 21 C 7 B 22 C 8 B 23
More informationP2 Performance Management
DO NOT OPEN THIS QUESTION PAPER UNTIL YOU ARE TOLD TO DO SO Performance Pillar P2 Performance Management Instructions to candidates Thursday 30 August 2012 You are allowed three hours to answer this question
More informationProfessor Christina Romer SUGGESTED ANSWERS TO PROBLEM SET 5
Economics 2 Spring 2016 Professor Christina Romer Professor David Romer SUGGESTED ANSWERS TO PROBLEM SET 5 1. The left-hand diagram below shows the situation when there is a negotiated real wage,, that
More informationSuggested Answer_Syl12_Dec2014_Paper_8 INTERMEDIATE EXAMINATION GROUP I (SYLLABUS 2012)
INTERMEDIATE EXAMINATION GROUP I (SYLLABUS 2012) SUGGESTED ANSWERS TO QUESTIONS DECEMBER 2014 Paper-8: COST ACCOUNTING AND FINANCIAL MANAGEMENT Time Allowed : 3 Hours Full Marks : 100 The figures in the
More information(b) Flexible Budget For The Year Ended 31 May 2003
Paper 2 Section A Question 1 Flexible budgets recognise the difference in cost behaviour (1) between fixed and variable costs in relation to fluctuations in output, (1) turnover, or other variable factors.
More informationACCT312 CVP analysis CH3
ACCT312 CVP analysis CH3 1 Cost-Volume-Profit Analysis A Five-Step Decision Making Process in Planning & Control Revisited 1. Identify the problem and uncertainties 2. Obtain information 3. Make predictions
More informationINSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA MANAGEMENT INFORMATION (COSTING) COSTING/PRICING: (a) Classify costs for different purposes including
INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA MANAGEMENT INFORMATION (COSTING) COSTING/PRICING: (a) Classify costs for different purposes including identifying fixed and variable, product and period, direct
More informationCIMA Professional Gateway Assessment
SPECIMEN Instructions to candidates CIMA Professional Gateway Assessment (CPGA) You are allowed three hours to answer this question paper. You are allowed 20 minutes reading time before the examination
More information(a) Calculate planning and operating variances following the recognition of the learning curve effect. (6 marks)
SECTION A 50 MARKS Question One (a) Calculate planning and operating variances following the recognition of the learning curve effect. (6 marks) Flexed budget Actual output Revised flexed budget Output
More informationRent Revenue, Interest Revenue, Investment Income, Gains. Interest Expense, Losses
Chapter 5 Assigned Questions: 1, 4, 5, 7, 9, 11, 16, 17, 19, 20 1. The components of revenues and expenses differ as follows: Merchandising Revenue Sales Service Service Revenue, Fees Earned, Rent Revenue,
More informationIntroduction to Capital
Introduction to Capital What is Capital? Money invested in business to generate income The money, property, and other valuables which collectively represent the wealth of an individual or business The
More information4 IFIN. Finance. Intermediate Level. 25 May 2004 Tuesday morning INSTRUCTIONS TO CANDIDATES. Read this page before you look at the questions
Intermediate Level Finance 4 IFIN 25 Tuesday morning INSTRUCTIONS TO CANDIDATES Read this page before you look at the questions You are allowed three hours to answer this question paper. Answer the ONE
More informationPTP_Intermediate_Syllabus 2012_Dec 2015_Set 2 Paper 8: Cost Accounting & Financial Management
Paper 8: Cost Accounting & Financial Management Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Pg 1 LEVEL B PTP_Intermediate_Syllabus 2012_Dec
More informationGROUP PROJECT CASE STUDY. The Ivory Furniture Company. (Financial Analysis)
GROUP PROJECT CASE STUDY The Ivory Furniture Company (Financial Analysis) The Ivory Furniture Company is a manufacturer of home and office furniture and such household hardware items as curtain rods, picture
More informationProblem Set One. Name
MK602 Problem Set One Name The first part of the case, presented in Chapter 3 (pages 123-125), discussed the situation that Computron Industries was in after an expansion program. Thus far, sales have
More informationPAPER 3 : COST ACCOUNTING AND FINANCIAL MANAGEMENT PART I : COST ACCOUNTING QUESTIONS
PAPER 3 : COST ACCOUNTING AND FINANCIAL MANAGEMENT PART I : COST ACCOUNTING QUESTIONS Material 1. The following information has been extracted from the records of a cotton merchant, for the month of March,
More informationProduct Disclosure Statement
PART L Product Disclosure Statement AFS Licence No. 297950 Date of issue: 21 June 2016 D2MX Pty Ltd () Level 36, 50 Bridge Street Sydney NSW 2000 A Participant of ASX Group D2MX Pty Ltd AFSL no. 297950
More informationFNSACC503A: Assessment 2
FNSACC503A: Assessment 2 What you have to do This assessment will test your understanding of budgeting principles and the preparation of sales budgets, operational budgets and cash budgets for a Manufacturing
More informationPRACTICE TEST PAPER - 2 INTERMEDIATE (IPC): GROUP I PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT
PRACTICE TEST PAPER - 2 INTERMEDIATE (IPC): GROUP I PAPER 3: COST ACCOUNTING AND FINANCIAL MANAGEMENT Question No. 1 is compulsory. Attempt any five questions from the remaining six questions. Working
More informationP1 Performance Operations Post Exam Guide May 2014 Exam. General Comments
General Comments Performance on this paper was reasonably good with the pass rate above average for the 2010 syllabus. Many candidates scored very highly and there were fewer marginal scripts. However
More informationMathematics 7 Fractions, Decimals and Percentages
Mathematics 7 Fractions, Decimals and Percentages FRACTIONS: 50 Numerator (top number) 100 Denominator (bottom number) * means 50 100 There are three types of fractions: 1.) Proper Fraction 13 The denominator
More informationFinal Examination Booklet. Financial Accounting
Final Examination Booklet Financial Accounting Financial Accounting EXAMINATION NUMBER: 06158300 Complete the following exam by answering the questions and compiling your answers into a word-processing
More informationDecember CS Executive Programme Module - I Paper - 2
December - 2015 CS Executive Programme Module - I Paper - 2 (New Syllabus) Cost and Management Accounting Total number of questions: 100 Maximum marks: 100 Assertion A: 1. In management accounting, firm
More informationPart A (Not for Profit Organisations, Partnership Firms and Company Accounts)
Roll No. Serial SSR/1 Code No. 56/1/1 Candidates must write the Code on the title page of the answer- book. Please check that this question paper contains 24 printed pages. Code number given on the right
More informationSHORT QUESTIONS ANSWERS FINANCIAL MANAGEMENT MGT201 By
SHORT QUESTIONS ANSWERS FINANCIAL MANAGEMENT MGT201 By http://vustudents.ning.com 1- What is Financial Management? The procedure of managing the financial resources, as well as accounting and financial
More informationChapter 11 Cash Flow Estimation and Risk Analysis ANSWERS TO END-OF-CHAPTER QUESTIONS
Chapter 11 Cash Flow Estimation and Risk Analysis ANSWERS TO END-OF-CHAPTER QUESTIONS 11-1 a. Project cash flow, which is the relevant cash flow for project analysis, represents the actual flow of cash,
More informationFull file at
NEW YORK UNIVERSITY ROBERT F. WAGNER GRADUATE SCHOOL OF PUBLIC SERVICE CORE-GP.1021: Financial Management Midterm Examination Professors Smith and West Fall 2011 SOLUTIONS Name: Student ID: Please circle
More information