題目

The following details have been extracted from the payables' records of X Co:

Invoices paid?in?the month of purchase??????????????????????????????????????? 25%

Invoices paid?in?the first month after purchase??????????????????????????? ?70%

Invoices paid?in?the second month after purchase????????????????????????5%

Purchases for July to September are budgeted as follows:

July????????????????????? ?$250,000

August???????????????? ?$300,000

September????????? ?$280,000

For suppliers paid in the month of purchase, a settlement discount of 5% is received. What is the amount budgeted to be paid to suppliers in September?

A

$278,500

B

$280,000

C

$289,000

D

$292,500

掃碼查看暗號(hào)，即可獲得解鎖答案！

點(diǎn)擊獲取答案
Chapter16Thebudgetaryprocess

The amount budgeted to be paid to suppliers in September is $289,000

Workings???????????????????????????????????????????????????????????????? ??? Paid in Month

???????????????????????????????????? July $?????????????? ? ?? August??????????? September??????????? October??????????? ?November

Purchases??????????????????????? $?????????????????????????? $????????????????????? ?$?????????????????????????? $????????????????????????? $

July $250,000???????????????59.375(1)???????????175,000(2)????????12,500(3)

August $300,000????????????????????????????????????? 71,250(4)???????? 210,000(5)?????????????? 15,000(6)

September $280,000??????????????????????????????????????????????????????? 66,500(7)????????????????196,000(8)?????????? 14,000(9)

??????????????????????????????????????????????????????????????????????????????????????????289,000

1???? $250,000 x 25% x0.95 = $59.375

2?????$250,000 x 70%?????????? =$175,000

3?????$250,000 x 5%???????????? =$12,500

4?????$300,000 x 25% x0.95? =$71,250?

5?????$300,000 x 70%??????????? =$210,000?

6?????$300,000 x 5%????????????? =$15,000?

7???? $280,000 x 25% x0.95?? =$66.500

8???? $280,000 x 70%???????????? =$196,000

9???? $280,000 x 5%?????????????? =$14,000

多做幾道

Which of the following statements about management accounting information is/are true?

(i) They must be stated in purely monetary terms.

(ii) Limited companies must, by law, prepare management accounts.

(iii) They serve as a future planning tool and are not used as an historical record.

A

(i), (ii) and (iii)

B

(i) and (ii)

C

(ii) only

D

None of the statements is true

Which of the following statements is/are correct?

(i) A management control system is a term used to describe the hardware and software used to drive a database system which produces information outputs that are easily assimilated by management.

(ii) An objective is a course of action that an organisation might pursue in order to achieve its strategy.

(iii) Information is data that has been processed into a form meaningful to the recipient.

A

(i), (ii) and (iii)

B

(i) and (iii)

C

(ii) and (iii)

D

(iii) only

Good information should have certain qualities. Which of the following are qualities of good information?(i) Complete(ii) Extensive(iii) Relevant(iv) Accurate

A

(i), (ii) and (iii)

B

(i), (iii) and (iv)

C

(ii) and (iv)

D

All of them

Monthly variance reports are an example of which one of the following types of management information?

A

Tactical

B

Strategic

C

Non-financial

D

Operational

Which of the following statements is/are correct?

(i) Information for decision-making should incorporate uncertainty in some way

(ii) The data used to prepare financial accounts and management accounts are the

A

(i) is true and (ii) is false

B

(ii) is true and (i) is false

C

Both are true

D

Both are false

最新試題

該科目易錯(cuò)題

該題目相似題