4 (a) Router, a public limited company operates in the entertainment industry. It recently agreed with a televisioncompany to make a film which will be broadcast on the television company’s network. The fee agreed for thefilm was $5 million with a further
题目
4 (a) Router, a public limited company operates in the entertainment industry. It recently agreed with a television
company to make a film which will be broadcast on the television company’s network. The fee agreed for the
film was $5 million with a further $100,000 to be paid every time the film is shown on the television company’s
channels. It is hoped that it will be shown on four occasions. The film was completed at a cost of $4 million and
delivered to the television company on 1 April 2007. The television company paid the fee of $5 million on
30 April 2007 but indicated that the film needed substantial editing before they were prepared to broadcast it,
the costs of which would be deducted from any future payments to Router. The directors of Router wish to
recognise the anticipated future income of $400,000 in the financial statements for the year ended 31 May
2007. (5 marks)
Required:
Discuss how the above items should be dealt with in the group financial statements of Router for the year ended
31 May 2007.
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更多“4 (a) Router, a public limited company operates in the entertainment industry. It recently agreed with a televisioncompany to make a film which will be broadcast on the television company’s network. The fee agreed for thefilm was $5 million with a further”相关问题
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第1题：
(d) Additionally Router purchased 60% of the ordinary shares of a radio station, Playtime, a public limited company,
on 31 May 2007. The remaining 40% of the ordinary shares are owned by a competitor company who owns a
substantial number of warrants issued by Playtime which are currently exercisable. If these warrants are
exercised, they will result in Router only owning 35% of the voting shares of Playtime. (4 marks)
Required:
Discuss how the above items should be dealt with in the group financial statements of Router for the year ended
31 May 2007.
正确答案：(d) IAS27 paragraph 14, ‘Consolidated and Separate Financial Statements’, states that warrants that have the potential to give
the holder voting power or reduce another party’s voting power over the financial and operating policies of the issuer should
be considered when existence of control is assessed. The warrants held by the competitor company, if exercised, would grant
that company control over Playtime. One party only can control Playtime and, therefore, the competitor company should
consolidate Playtime. In coming to this decision all the facts and circumstances that affect potential voting rights (except the
intention of management and the financial ability to exercise or convert) should be considered. It seems, however, that there
is a prima facie case for not consolidating Playtime but accounting for it under IAS28 or IAS39.
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第2题：
3 Damian is the finance director of Linden Limited, a medium sized, unquoted, UK trading company, with a 31 July
year end. Damian personally owns 10% of the ordinary issued share capital of Linden Limited, for which he paid
￡10,000 in June 1998. He estimates that the current market value of Linden Limited is ￡9 million and that the
company will make taxable profits of ￡1·4 million in the forthcoming year to 31 July 2007.
(a) Damian believes that Linden Limited should conduct its activities in a socially responsible manner and to this
end has proposed that in future all cars purchased by the company should be low emission vehicles. The sales
director has stated that several of his staff, who are the main recipients of company cars, other than the directors,
are extremely unhappy with this proposal, perceiving it as downgrading their value and status.
The cars currently provided to the sales staff have a list price of ￡19,600, on which Linden Limited receives a
bulk purchase discount of 6% from the dealer, and a CO2 emission rate of 168 grams/kilometre. The company
pays for up to ￡400 of accessories, of the salesmen’s own choice to be fitted to the cars and all of the running
costs, including private petrol. The cars are replaced every three years and the ‘old’ cars are sold at auction,
because they are high mileage vehicles.
The low emission cars it is proposed to purchase will have the same list price as the current cars, but the dealer
is only prepared to offer a bulk discount of 5% on these vehicles. Damian does not propose to make any other
changes to Linden Limited’s company car policy or practice.
Required:
(i) Explain the tax consequences of the proposed move to low emission vehicles for both the individual
salesmen and Linden Limited, illustrating your answer by means of relevant calculations of the tax and
national insurance (NIC) savings arising. (9 marks)
正确答案：
(a) (i) Individual salesmen
The taxable benefit is determined by the list price of the vehicle plus the cost of the accessories (￡20,000) and the CO2
emission rate. The current vehicles have a CO2 emission rate of 168 grams/kilometre, so the benefit will be calculated
at the rate of 20% ((168 – 140)/5 + 15), resulting in a total annual car and car fuel benefit charge of ￡6,880 (20,000
x 20% + 14,400 x 20%). The low emission vehicles will be chargeable at the basic percentage rate of 15% resulting
in a total annual car and fuel benefit charge of ￡5,160 (20,000 x 15% + 14,400 x 15%). The salesmen will thus
make an annual income tax saving at their marginal rate of tax, i.e. ￡378 (1,720 x 22%) if they are basic rate taxpayers
and ￡688 (1,720 x 40%) if they are higher rate taxpayers.
Linden Limited
The current vehicles will be classed as ‘expensive’ cars based on the discounted list price plus the cost of the accessories
of ￡18,824 (19,600 x 94% + 400). The annual writing down allowances will thus be restricted to ￡3,000 throughout
the period of ownership, but there will be no restriction of the balancing allowance available on disposal. The low
emission vehicles will be eligible for a 100% first year allowance of ￡19,020 (19,600 x 95% + 400), but there will
also be a balancing charge on disposal equivalent to the sales proceeds. Therefore, the total of the allowances available
over the life of the cars will be effectively the same in both cases. As a single company with taxable profits of
￡1·4 million, Linden Limited will pay corporation tax at the small companies marginal rate of 32·75% in the year to
31 July 2007, giving a tax benefit in that year of ￡5,247 for each low emission car purchased ((19,020 – 3,000) x
32·75%).
The company will also make an annual saving in terms of the Class 1A national insurance contributions payable on the
salesmen’s benefits of ￡220 ((6,880 – 5,160) x 12·8%). But, as these Class 1A contributions are deductible for
corporation tax, the net saving will only be ￡205 (220 x (100 – 32·75)%).
As the VAT liability payable on the provision of private fuel is based on engine capacity (not the CO2 emission rate) this
will not necessarily be affected. -
第3题：
Since all the goods have been cased up according to the S／C, it would be too late to make a change even if we agreed to.(英译中)参考答案：由于所有的货物已按照售货合同装入箱内，即使我们同意，现在再来改变包装也太晚了。
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第4题：
They were arranging the entertainment at the company’s annual dealer（ ）.A.congress
B.convention
C.conference
D.assembly答案：B解析：convention“会议，大会，年会”，常指某一团体或政党为某一特殊目的所召开的会议；也指学术团体的年会。句意：他们正在安排在公司经销商年会上如何招待的问题。A.congress“代表大会，会议”，指各社会团体或国家的代表的正式会议，以交流情况和意见：D.assembly“集会”，指一个计划好的、为一共同目的而召集的会议；C.conference“讨论会，协商会”，指两个或更多的人对某个问题交换意见的会议。 -
第5题：
As far back as he could remember,Larry had longed to go to Hollywood and become a film star．The young man's hopes for success were broken again and again,however．Hollywood just did not seem interested．When he first came to California Larry had decided never to give up and return home without success．Therefore,he kept on trying．Someday,he told himself,his big opportunity would come.
Larry found a job parking cars for one of Hollywood's big restaurants．His pay was basic,but since the guests were kind enough to give him more money,he managed to make a living.
One day he recognized an important film director driving into the parking lot and getting out of his car．Larry had recently heard that the man was ready to make a new picture.
Larry got into the car and prepared to drive it on into the lot and park it．Then he stopped,jumped out,and ran over to the director．"Excuse me,sir,but I think it's only fair to tell you that it's now or never if you want me in your next picture．A lot of big companies are after me."
Instead of pushing away the boy,the director got interested in Larry's words and stopped．"Yes?
Which companies?"he asked.
"Well,"replied the boy,"there's the telephone company,the gas company,and the electric company,to tell you only a few."
The director laughed,then wrote something on a card and handed it to the young man．"Come and see me tomorrow."
Larry got a small part in the director's next film．He was on his way!
Which of the following was Larry interested in?A.Working as a waite
B.Becoming a film sta
C.Parking cars for film star
D.Never going hom答案：B解析：参见文章第一句。 -
第6题：
In____, the company owns and operates four television stations.A.addition
B.plus
C.also
D.more答案：A解析：A选项与in构成固定短语，意为“除此之外”；B选项为意为“加、外加”；C选项意为“也、同样”；D选项意为“更多、此外”。题目意为“___，该公司拥有并经营四家电视台。”四个选项中只有addition可以和in搭配，因此选A，除此之外。
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第7题：
共用题干
New Product Will Save lives
Drinking water that looks clean may still contain bugs（虫子）,which can cause illness.
A small company called Genera Technologies has produced a testing method in three
stages,which shows whether water is safe.The new test shows if water needs chemicals
added to it,to destroy anything harmful.It was invented by scientist Dr. Adrian Parton,
who started Genera five years ago.He and his employees have developed the test together
with a British water company.
Andy Headland,Genera's marketing director,recently presented the test at a
conference in the USA and forecast good American sales for it.Genera has already sold 11
of its tests at$42,500 a time in the UK and has a further four on order. It expects to sell
another 25 tests before the end of March.The company says it is the only test in the UK to
be approved by the government.
Genera was formed five years ago and until October last year had only five employees;
it now employs 14.Mr Headland believes that the company should make around$19 million
by the end of the year in the UK alone.Genera Technologies orders 25 more tests before the end of the year.
A:Right
B:Wrong
C:Not mentioned答案：B解析： -
第8题：
共用题干
New Product Will Save lives
Drinking water that looks clean may still contain bugs（虫子）,which can cause illness.
A small company called Genera Technologies has produced a testing method in three
stages,which shows whether water is safe.The new test shows if water needs chemicals
added to it,to destroy anything harmful.It was invented by scientist Dr. Adrian Parton,
who started Genera five years ago.He and his employees have developed the test together
with a British water company.
Andy Headland,Genera's marketing director,recently presented the test at a
conference in the USA and forecast good American sales for it.Genera has already sold 11
of its tests at$42,500 a time in the UK and has a further four on order. It expects to sell
another 25 tests before the end of March.The company says it is the only test in the UK to
be approved by the government.
Genera was formed five years ago and until October last year had only five employees;
it now employs 14.Mr Headland believes that the company should make around$19 million
by the end of the year in the UK alone.Before he set up Genera,Dr. Parton had worked for a British water company.
A:Right
B:Wrong
C:Not mentioned答案：C解析： -
第9题：
A company wants to secure access to its internal wireless network. The company wants to use themost secure means to access the network. Which of the following is the BEST choice for wireless security in this situation?（）
- A、WEP encryption
- B、Channel rotation
- C、Disable SSID
- D、WPA encryption
正确答案:D -
第10题：
You are the administrator of your company’s network. Using Windows Installer packages， you want to install customized versions of Microsoft Excel on different departments in the company. Which type of file should you apply to the installation database？（）
- A、msi
- B、mst
- C、zap
- D、zip
正确答案:B -
第11题：
单选题In order to increase revenues, a cellphone company has decided to change its fee structure. Instead of charging a flat rate of $20 per month and $0.05 for every minute over 200 minutes, the company will now charge $50 per month for unlimited usage. Which of the following is a consideration that, if true, suggests that the new plan will not actually increase the company’s revenues?AA rival company, which charges no start-up fee, offers an unlimited calling plan for $40 per month.
BTwo-thirds of the company’s customers use less than 500 minutes per month.
CStudies have shown that customers using unlimited calling plans will increase their monthly usage of minutes by over 50 percent.
DOne-fifth of the company’s customers use in excess of 1,000 minutes per month.
EIn recent months the company has received several complaints of insufficient signal strength and poor customer service.
正确答案： D解析：
如果出现A项的情况：对手公司提供比该公司便宜20%的服务计划，那么顾客会倾向选择对手公司，导致该公司的收入下降，故本题选A项。 -
第12题：
多选题You need to design router redundancy on the Company network. Which three protocols could be chosen for IP routing redundancy to protect against first-hop router failure？（）AGLBP
BICMP
CMSTP
DHSRP
EVRRP
FNHRP
正确答案： F,B解析： 暂无解析 -
第13题：
5 The directors of Quapaw, a limited liability company, are reviewing the company’s draft financial statements for the
year ended 31 December 2004.
The following material matters are under discussion:
(a) During the year the company has begun selling a product with a one-year warranty under which manufacturing
defects are remedied without charge. Some claims have already arisen under the warranty. (2 marks)
Required:
Advise the directors on the correct treatment of these matters, stating the relevant accounting standard which
justifies your answer in each case.
NOTE: The mark allocation is shown against each of the three matters
正确答案：
(a) The correct treatment is to provide for the best estimate of the costs likely to be incurred under the warranty, as required by
IAS37 Provisions, contingent liabilities and contingent assets. -
第14题：
听力原文：The owners of limited companies are people who have bought shares in the company.
(6)
A．The shareholders are the owners of limited companies.
B．Shareholders deposit their money in the limited companies.
C．The shareholders can sell shares of limited companies to the public.
D．Shareholders of limited companies are able to make profits continuously.
正确答案：A
解析：单句意思为“有限公司的拥有者是那些购买公司股份的人”。 -
第15题：
A company wants to secure access to its internal wireless network. The company wants to use themost secure means to access the network. Which of the following is the BEST choice for wireless security in this situation?（）
A. WEP encryption
B. Channel rotation
C. Disable SSID
D. WPA encryption
参考答案：D
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第16题：
For the year just ended, N company had an earnings of$ 2 per share and paid a dividend of $ 1. 2 on its stock. The growth rate in net income and dividend are both expected to be a constant 7 percent per year, indefinitely. N company has a Beta of 0. 8, the risk - free interest rate is 6 percent, and the market risk premium is 8 percent.
P Company is very similar to N company in growth rate, risk and dividend. payout ratio. It had 20 million shares outstanding and an earnings of $ 36 million for the year just ended. The earnings will increase to $ 38. 5 million the next year.
Requirement :
A. Calculate the expected rate of return on N company 's equity.
B. Calculate N Company 's current price-earning ratio and prospective price - earning ratio.
C. Using N company 's current price-earning ratio, value P company 's stock price.
D. Using N company 's prospective price - earning ratio, value P company 's stock price.
答案：解析：A. The expected rate of return on N company's equity =6% +0. 8*8% =12.4%
B. Current price -earning ratio = (1. 2/2) * (1 +7% )/ (12.4% -7% ) =11. 89
Prospective price - earning ratio = (1. 2/2) / (12. 4% - 70% ) =11. 11
C. P company's stock = 11. 89* 36/20 = 21. 4
D. P company's stock = 11. 11* 38. 5/20 = 21. 39
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第17题：
As far back as he could remember,Larry had longed to go to Hollywood and become a film star．The young man's hopes for success were broken again and again,however．Hollywood just did not seem interested．When he first came to California Larry had decided never to give up and return home without success．Therefore,he kept on trying．Someday,he told himself,his big opportunity would come.
Larry found a job parking cars for one of Hollywood's big restaurants．His pay was basic,but since the guests were kind enough to give him more money,he managed to make a living.
One day he recognized an important film director driving into the parking lot and getting out of his car．Larry had recently heard that the man was ready to make a new picture.
Larry got into the car and prepared to drive it on into the lot and park it．Then he stopped,jumped out,and ran over to the director．"Excuse me,sir,but I think it's only fair to tell you that it's now or never if you want me in your next picture．A lot of big companies are after me."
Instead of pushing away the boy,the director got interested in Larry's words and stopped．"Yes?
Which companies?"he asked.
"Well,"replied the boy,"there's the telephone company,the gas company,and the electric company,to tell you only a few."
The director laughed,then wrote something on a card and handed it to the young man．"Come and see me tomorrow."
Larry got a small part in the director's next film．He was on his way!
Why did Larry find a job parking cars?A.Because he liked the jo
B.Because the parking lot was near Hollywoo
C.To make a living and wait for the opportunit
D.To see a lot of film stars and work for the答案：C解析：参见第二段。 -
第18题：
共用题干
New Product Will Save lives
Drinking water that looks clean may still contain bugs（虫子）,which can cause illness.
A small company called Genera Technologies has produced a testing method in three
stages,which shows whether water is safe.The new test shows if water needs chemicals
added to it,to destroy anything harmful.It was invented by scientist Dr. Adrian Parton,
who started Genera five years ago.He and his employees have developed the test together
with a British water company.
Andy Headland,Genera's marketing director,recently presented the test at a
conference in the USA and forecast good American sales for it.Genera has already sold 11
of its tests at$42,500 a time in the UK and has a further four on order. It expects to sell
another 25 tests before the end of March.The company says it is the only test in the UK to
be approved by the government.
Genera was formed five years ago and until October last year had only five employees;
it now employs 14.Mr Headland believes that the company should make around$19 million
by the end of the year in the UK alone.Genera has increased the number of its employees recently.
A:Right
B:Wrong
C:Not mentioned答案：A解析： -
第19题：
共用题干
New Product Will Save lives
Drinking water that looks clean may still contain bugs（虫子）,which can cause illness.
A small company called Genera Technologies has produced a testing method in three
stages,which shows whether water is safe.The new test shows if water needs chemicals
added to it,to destroy anything harmful.It was invented by scientist Dr. Adrian Parton,
who started Genera five years ago.He and his employees have developed the test together
with a British water company.
Andy Headland,Genera's marketing director,recently presented the test at a
conference in the USA and forecast good American sales for it.Genera has already sold 11
of its tests at$42,500 a time in the UK and has a further four on order. It expects to sell
another 25 tests before the end of March.The company says it is the only test in the UK to
be approved by the government.
Genera was formed five years ago and until October last year had only five employees;
it now employs 14.Mr Headland believes that the company should make around$19 million
by the end of the year in the UK alone.The new product has been a commercial success in the USA.
A:Right
B:Wrong
C:Not mentioned答案：B解析： -
第20题：
You need to design router redundancy on the Company network. Which three protocols could be chosen for IP routing redundancy to protect against first-hop router failure？（）
- A、 GLBP
- B、 ICMP
- C、 MSTP
- D、 HSRP
- E、 VRRP
- F、 NHRP
正确答案:A,D,E -
第21题：
Which should be the key driver for a company security policy’s creation， implementation and enforcement？（）
- A、 the business knowledge of the IT staff
- B、 the technical knowledge of the IT staff
- C、 the company’s business objectives
- D、 the company’s network topology
- E、 the IT future directions
正确答案:C -
第22题：
问答题Read the passage carefully and answer questions 1 to 5. Answer each question in a maximum of 10 words. Remember to write the answers on the answer sheet Would you like to orbit the Earth inside the International Space Station? Now you can take a space holiday—for a price. This is due to a recent decision by top space officials of the United States, Russia, Canada, Japan and the European Space Agency. Last April, American businessman Dennis Tito reportedly paid between twelve-million and twenty-million dollars to spend one week on the International Space Station. NASA had strongly objected to the Russian plan to permit a civilian on the costly research vehicle. After two years of negotiations, space officials have agreed on a process to train private citizens to take trips to the International Space Station. NASA recently agreed to conditions that will permit Russia to sell trips to the space station. The trips are planned by an American company called Space Adventures Limited of Arlington, Virginia. The company calls itself “the world’s leading space tourism company.” The company has sold a space trip to Mark Shuttleworth, a South African businessman. In April, Mister Shuttleworth will be launched into space from the Baikonur Cosmodrome in Kazakhstan. Yet, the average citizen will not be able to travel into space in the near future. Space Adventures Limited sells a training program for space flight that costs two-hundred-thousand dollars. That price does not include the cost of the trip to the International Space Station. That holiday in space costs twenty-million dollars. Candidates for adventure space travel trips must be in excellent health and must pass difficult health tests. They must receive a lot of training and all successful candidates who wish to travel to the International Space Station must be able to read and speak English. Questions: 1．How much did American businessman Dennis Tito pay to spend one week on the International Space Station? 2．Why Mark Shuttleworth, a South African businessman, is mentioned in the passage? 3．What was NASA’s original attitude towards the Russian plan to permit a civilian on the International Space Station? 4．How much should one pay for a trip to the International Space Station? 5．According to the last paragraph, what conditions must a candidate of space travel meet?正确答案：
1.between twelve-million and twenty-million dollars 见文章第二段第一句话。
2.Because he bought a space trip. 在文章第三段提到了一个”the world’s leading space tourism company”,因为这个公司”has sold a space trip to Mark Shuttleworth”并且他”will be launched into space”,所以在文章中说到Mark Shuttleworth。答案就是因为he bought a space trip。
3.Strongly objective. 文章题目所问及的是美国政府对太空旅行的态度问题,文章第二段后面两句涉及到这个内容,开始NASA “had strongly objected to the Russian plan to permit a civilian on the costly research vehicle.”,两年之后才同意。因此此处应填Strongly objective。
4.twenty-million dollars. 题目涉及的是太空旅行的价格,文章第四段指出太空训练需要花费”two-hundred-thousand dollars.”,但是这并不包括太空旅行,太空旅行的价格”twenty-million dollars.”由此可知是twenty-million dollars是正确答案。
5.excellent health, training, English. 最后一段指出到太空旅行的候选人需要具备”in excellent health and must pass difficult health tests.”,”receive a lot of training”和”be able to read and speak English.”这几个方面。根据题意,进行归纳总结,答案应填excellent health, training, English。解析： 暂无解析 -
第23题：
单选题Which should be the key driver for a company security policy’s creation， implementation and enforcement？（）Athe business knowledge of the IT staff
Bthe technical knowledge of the IT staff
Cthe company’s business objectives
Dthe company’s network topology
Ethe IT future directions
正确答案： C解析： 暂无解析