Term
An enterprise is confronted with two different ways to expand. It can
export its current
product to a neighbour country or it can extend its assortment with a new produc
t. In what
field of expertise will this decision be taken?
A. In financing and financial accounting
B. In financial accounting
C. In finance
D. In management accounting |
|
Definition
|
|
Term
A retailer in stamps pays his rent on a monthly basis. On the fift
h of each month, rent for
the previous month is paid. The rent increases each year on January 1st. This
year on
January 1
st
2013, the rent increases from
€
500 to
€
550. Calculate the total rent costs for the
year 2013.
A.
€
6.650
B.
€
6.000
C.
€
6.600
D.
€
6.550 |
|
Definition
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|
Term
The firm Corbulo shows the following data for 2012: Accounts receivabl
e per January 1
st
amounted to
€
22.500. During the year,
€
125.000 was collected in cash from outstanding
receivables. Per December 31
st
, accounts receivable were
€
23.000. Cash sales were
€
145.500. Under the assumption that all debtors pay their bills on time, calculate
total
revenues on the profit and loss account, based on the abovementioned data.
A.
€
270.500
B.
€
271.000
C.
€
248.000
D.
€
293.500 |
|
Definition
B. €271.000
From the mutations made to the account receivables, actual revenues
that were generated by
credit sales in 2012 can be determined. This is done by first deter
mining which part of the
outstanding receivables was generated by sales in 2012. This amount is
€
125.000 -
€
22.500 =
€
102.500.
To this amount, we then need to add the amount of sales on credit in 2012, which is
€
23.000.
Actual revenues generated by credit sales in 2012 therefore are
€
125.500. Total revenues
generated by cash sales:
€
145.500. Thus, total revenues amount to
€
271.000
. |
|
|
Term
A project leader has gathered the following data for a capital budgeting project
in a
certain year:
•
turnover:
€
375.000
•
operating costs (excluding depreciation):
€
125.000
•
depreciation:
€
45.000
Investments or disinvestments in current or fixed assets do not take
place in the relevant year.
The tax rate is 25%. Calculate the cash flow in this year (Cash flow
= Net profit +
Depreciation).
A.
€
108.750
B.
€
153.750
C.
€
198.750
D.
€
250.000 |
|
Definition
C. €198.750
Cash flow = net profit + depreciation.
Profit before tax = turnover (
€
375.000) – operating costs (
€
125.000) – depreciation (
€
45.000)
=
€
205.000.
Net profit (after tax) =
€
205.000 * 0,75 =
€
153.750.
Cash flow =
€
153.750 +
€
45.000 =
€
198.750 |
|
|
Term
What is financial leverage?
A. The influence of the financial structure on return on assets
B. The influence of the interest rate on return on equity
C. The influence of return on equity and return on debt on the return on assets
D
.
The influence of capital structure and the difference b
etween the return on assets
and the return on debt on the return on equity |
|
Definition
| D. the influence of capital structure and the difference between the return on assets and the return on debt on the return on equity |
|
|
Term
Which change does not need an adjustment of fixed costs?
A. An expansion of capacity
B. Decreasing the number of staff in the organisation's higher echelons
C. Increasing use of capacity
D. Increasing interest on current debt |
|
Definition
| C. increasing use of capital |
|
|
Term
Tepi
ć
, an expedition firm, has prepared the following budget for the current year:
•
fixed costs:
€
49.500
•
variable cost:
€
148.500
•
turnover:
€
247.500
This year, Tepi
ć
expects to drive 165.000.kilometres. Last month, 14.000 kilometres were
driven. Calculate the contribution margin for last month.
A.
€
8.250
B.
€
3.780
C.
€
8.400
D.
€
4.200 |
|
Definition
C. €8.400
Using the data in the yearly budget, first calculate the foreca
sted contribution margin per
kilometer. Contribution margin is the unit price minus the variable uni
t cost. In this case, the
unit is the kilometer. Unit price =
€
247.500 / 165.000 =
€
1,50. Variable cost per unit =
€
148.500 / 165.000 =
€
0,90. Contribution margin per unit (km) =
€
1,5 -
€
0,9 =
€
0,60. The
total contribution margin for last month is the contribution margin per
kilometer multiplied
by the number of kilometers driven, thus 0,60 * 14.000 =
€
8.400 |
|
|
Term
A sugar factory produces only one product, sugar. The sugar is packed in packages of
1
kilogram, 5 kilogram and 10 kilogram. Which cost calculation method will most
likely be
used?
A. The equivalent units method (weighted average process costing)
B. The multiple overhead application rate method
C. The simple overhead application rate method
D. The cost centre method |
|
Definition
| A. the equivalent units method (weighted average process costing) |
|
|
Term
Which statement with regard to the realisation principle is correct?
A. The realisation principle considers sales as realised as soon as they are
observed
B.
The realisation principle states that profits on sales are ac
hieved immediately on
the sale and delivery of products
C. The correctness of the realisation principle is often challenged
D. The realisation principle questions when profits and losses will be realised |
|
Definition
| B. the realisation principle states that profits on sales are achieved immediately on the sale and delivery of products |
|
|
Term
On December 30
th
2012, a machine with a book value of
€
15.000 has been replaced by a
machine with a purchase price of
€
150.000. The book value of the old machine at the
beginning of the year was
€
25.000. The old machine was sold at a price of
€
20.000. Calculate
the influence of the machine on the cash flow from operating activities.
A.
€
10.000
B.
€
130.000
C.
€
5.000
D.
€
1.500 |
|
Definition
A. €10.000
Cash flow from operating activities classifies changes in cas
h resulting from the day-to-day
manufacturing and sales processes. In this question, therefore only t
he depreciation of the old
machine is relevant, which is
€
25.000 (book value at the beginning of the year) -
€
15.000
(book value at the end of the year) =
€
10.000 |
|
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