FSA 2016

Description:

Please choose the most correct answer


Percentage change of Cost of Goods sold from 2012 to 2013





The Gross Profit percentage for the year 2013 is





If the sales increased by 10% on 2013, what is the gross profit ( Cost of sales remains constant)





The reason for poor performance of Spyres when compared to year 2012 is





The beginning inventory is added to the cost of goods purchased to yield the





If depreciation is provided on the straight - line method , the book value of the plant after two year will be





. What would be the net profit after tax at the end of year five - (Straight- line method) ( $000s)





If Sports –Biz follows sum- of – the –years- digits method of depreciation, which of the following statement is true (NBV – Net Book Value)





If Sports –Biz follows sum- of – the –years- digits method of depreciation, the depreciation charge for the year 4 will be





What would be the net profit after tax in the year 5 , if Sports – Biz follows sum- of – the –years- digits method of depreciation ($000s)





If the finance manager of Sports - Biz will retire at the end of year 2 and will receive a bonus based on net income at the end of year 2, which depreciation method will the manager use





An entity would minimise its depreciation expense in the first year of owning as asset if it used





The total cash collected from the customers in the year 6 would be





Closing balance of Account receivable in the year 6 would be





If Top corporation reduces its credit policy by 15 days, closing balance of accounts receivable in the year 6 would be





Purchases in the year 6 would be





The amount paid to the supplier with regard to purchases during the year 6 would be





Which of the following statement is true with regard to net change in notes payable





The income tax paid during the year 6 would be





Other cash expenses during the year 6 would be





Estimated ending cash balance would be





If Top Corporation wishes to maintain a minimum cash balance of $50000.00, how much will it need to borrow





If Accounts payable have increased during the period





What is Simpson’s carrying value of the Investment in Bailey company as at December 2011 under the Fair value method ( Assume share price at end of 2011 - $11.00 )





What is Simpson’s carrying value of the Investment in Bailey company as at December 2012 under the Equity method





What is the effects of Investments on Simpson Corporation with regard to net income under the fair value method in 2011





What is the effects of Investments on Simpson Corporation with regard to net income under the equity method in 2012





What is the effects of Investments on Simpson Corporation with regard to net cash flow under the equity method in 2012





The consolidation method is used to combine Baileys financial statements with those of Simpson , if the ownership exceeds





What is the percentage of Simpson’s ownership in Bailey Company at the end of 2013