Questions from Financial Accounting


Q: Newcastle Patterns Ltd manufactures a single product that has the following standard

Newcastle Patterns Ltd manufactures a single product that has the following standard cost specifications (per unit). During June, the following actual data have been recorded in the production of 1,40...

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Q: Suggest three financial and three non-financial performance measures for a

Suggest three financial and three non-financial performance measures for a business which provides training in the workplace for updating word processing and computing skills. Each training course las...

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Q: Design a balanced scorecard for a restaurant business which owns three restaurants

Design a balanced scorecard for a restaurant business which owns three restaurants in the same town. Include three goals and three measurements of performance for each of the four aspects of the balan...

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Q: In a calculation of the internal rate of return of a project

In a calculation of the internal rate of return of a project it is found that the net present value is +£60m at 24% discount rate and −£20m at 26% discount rate. What is the Internal Rate of Return?

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Q: Buchan Enterprises is considering investing in a new machine at a cost

Buchan Enterprises is considering investing in a new machine at a cost of £50,000. The respective cash flows are as follows: Year 1: 18,000 Year 2: 16,000 Year 3: 40,000 Year 4: 45,000 Year 5: 35,...

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Q: Report and Accounts of Craigielaw plc 1. Read the paragraph

Report and Accounts of Craigielaw plc 1. Read the paragraph headed ‘Directors’ Responsibilities’. What are the similarities and differences? 2. Read the ‘Report of the Auditors’ on the annual report....

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Q: Suggest reasons for the existence of more than one source of regulation

Suggest reasons for the existence of more than one source of regulation of financial reporting by listed companies.

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Q: 1. List page numbers and a brief description of the evidence

1. List page numbers and a brief description of the evidence in the Report and Accounts that indicates that part of the document has been the subject of regulation. 2. What differences do you see betw...

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Q: 1. What is the significance of the amount of property,

1. What is the significance of the amount of property, plant and equipment in relation to the total assets of the company and to the business in general? Complete the table and write a short comment....

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Q: Report and Accounts of Craigielaw plc 1. What are the

Report and Accounts of Craigielaw plc 1. What are the individual current asset items, by amount and as a percentage of total current assets, in the financial statements? 2. What is the effect on profi...

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