Exam questions Flashcards

1
Q
  1. What is the equation for % increase?
  2. What is the equation for % decrease?
A
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2
Q
  1. What is variance reporting?
  2. What is exception reporting?
A
  1. The difference between the actual results and the flexed budget <em>(not original budget)</em>
  2. Reporting only of variances that exceed a certain value.
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3
Q
A

(10 x £5) + (8 x £2.50) = £70

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4
Q
A
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5
Q
A
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6
Q
  1. What is an aggressive working capital policy?
  2. What effect does this have on liquidity, profit and risk?
A
  1. Long term needs are fianced with short term funds.
  2. Liquidity would drecrease, therfore risk increases. Profit also increases.
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7
Q
A
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8
Q
A
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9
Q
A

K, L & M

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10
Q
A
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11
Q
A
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12
Q
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13
Q
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