题目内容
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[单选题]
A company had $9,000,000 in net income for the year. Its net sales were $13,200,000 for the same period. Calculate its profit margin.
A.17.5%.
B.28.0%.
C.62.5%.
D.160.0%.
E.68.2%.
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更多“A company had $9,000,000 in ne…”相关的问题
第1题
If ending inventory for the year is understated, net income for the year is overstated.()
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第2题
After calculating net profit for the year ended 31...
After calculating net profit for the year ended 31 March 20X8, WL has the following trial balance. DR CR $ $ Land and buildings-cost 10,000 Land and buildings -accumulated depreciation at 31 March 20X8 2,000 Plant – cost 12,000 Plant - accumulated depreciation at 31 March 20X8 3,000 Inventories 2,500 Trade receivables 1,500 Bank 8,250 Trade payables 1,700 Rent prepaid 400 Wages accrued 300 Capital account 19,400 Profit for the year ended 31 March 20X8 9,750 34,650 36,150 A suspense account was opened for the difference in the trial balance. Immediately after production of above, the following errors were discovered: A payables account had been debited with a $300 sales invoice(which had been correctly recorded in the sales account). The heat and light expense account had been credited with gas paid $150 and the bank has been credited with $150 The saes ledger account of G Gordon had been credited with a cheque received from G Goldman for $800 prepare a journal entry to correct error(iii) Account name DEBIT CREDIT $ $ PICLIST: G Gordon , G Goldman , Bank , Trade receivables , Suspense account
第3题
A company currently uses LIFO inventory valuation under U.S.GAAP.The company reported an increase in the LIFO reserve for the year.If the company used FIFO rather than LIFO:
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A.COGS is lower and net income is lower.
B.CFGO is lower and net income is higher.
C.COGS is higher and net income is lower.
第4题
A company records the following two transactions:
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I.€300,000 of rental revenue is received in advance on a two-year lease.It is taxed on a cash basis, but deferred for accounting purposes.
II.€500,000 of installment sales.No payments are required for one year after which collections will be made on an equal basis over 12 months and taxed on a cash basis.The entire sale and related profit will be recognized for financial reporting purposes, in the year of sale.
Which of the above transactions will most likely give rise to a deferred tax liability on the balance sheet?
A.I only.
B.II only.
C.Both I and II.
第5题
Read the news item below about a company that runs health and fitness clubs.
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Choose the best word to fill each gap from A, B, C or D on the opposite page.
Fighting Fit
Fine Fitness, the health and fitness club operator, an impressive set of results yesterday. (19) a 38-per-cent jump in annual pre-tax profits, the company claimed that it had (20) none of the problems (21) last week by its rival, Top Fit. According to Samantha Collier, the chief executive, Fine Fitness (22) strong and is on (23) to reach its target of 100 clubs within three years, its strategy unaffected by the apparent (24) down of the economy.
The company opened 12 new clubs in the past year, (25) its total to 51. They have (26) to be highly successful, with people joining in large numbers, especially in the 25-to-40 age range. Even the more (27) clubs are still seeing sales growth, along with rising retention (28) of more than 70 per cent. This can be seen as clear (29) of the appeal of Fine Fitness. Ms Collier admitted that as there were (31) too many companies competing with one another, there would almost certainly be (31) in the health-and-fitness-club sector of the market. She predicted that, within a relatively short time, there might be only about three major companies still in (32) However, she declined to say which these were likely to be. Profits rose by ~6.3 million, although there was a fall in gross margins from 31 per cent to 28.6 per cent because of higher insurance premiums, extra management costs and start-up expenses for the company's new (33) in Spain.
(19)
A．Stating
B．Reporting
C．Remarking
D．Informing
第6题
听力原文：W: Robert had worked as a secretary for three years. Then he became a newspaperman. After that he started writing novels.
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M: I know. And he has been doing nothing else ever since.
Q: What is the man's occupation now?
(13)
A．He's a secretary.
B．He's a novelist.
C．He's a newspaperman.
D．He's a worker.
第7题
3 On 1 January 2007 Dovedale Ltd, a company with no subsidiaries, intends to purchase 65% of the ordinary share
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capital of Hira Ltd from Belgrove Ltd. Belgrove Ltd currently owns 100% of the share capital of Hira Ltd and has no
other subsidiaries. All three companies have their head offices in the UK and are UK resident.
Hira Ltd had trading losses brought forward, as at 1 April 2006, of ￡18,600 and no income or gains against which
to offset losses in the year ended 31 March 2006. In the year ending 31 March 2007 the company expects to make
further tax adjusted trading losses of ￡55,000 before deduction of capital allowances, and to have no other income
or gains. The tax written down value of Hira Ltd’s plant and machinery as at 31 March 2006 was ￡96,000 and
there will be no fixed asset additions or disposals in the year ending 31 March 2007. In the year ending 31 March
2008 a small tax adjusted trading loss is anticipated. Hira Ltd will surrender the maximum possible trading losses
to Belgrove Ltd and Dovedale Ltd.
The tax adjusted trading profit of Dovedale Ltd for the year ending 31 March 2007 is expected to be ￡875,000 and
to continue at this level in the future. The profits chargeable to corporation tax of Belgrove Ltd are expected to be
￡38,000 for the year ending 31 March 2007 and to increase in the future.
On 1 February 2007 Dovedale Ltd will sell a small office building to Hira Ltd for its market value of ￡234,000.
Dovedale Ltd purchased the building in March 2005 for ￡210,000. In October 2004 Dovedale Ltd sold a factory
for ￡277,450 making a capital gain of ￡84,217. A claim was made to roll over the gain on the sale of the factory
against the acquisition cost of the office building.
On 1 April 2007 Dovedale Ltd intends to acquire the whole of the ordinary share capital of Atapo Inc, an unquoted
company resident in the country of Morovia. Atapo Inc sells components to Dovedale Ltd as well as to other
companies in Morovia and around the world.
It is estimated that Atapo Inc will make a profit before tax of ￡160,000 in the year ending 31 March 2008 and will
pay a dividend to Dovedale Ltd of ￡105,000. It can be assumed that Atapo Inc’s taxable profits are equal to its profit
before tax. The rate of corporation tax in Morovia is 9%. There is a withholding tax of 3% on dividends paid to
non-Morovian resident shareholders. There is no double tax agreement between the UK and Morovia.
Required:
(a) Advise Belgrove Ltd of any capital gains that may arise as a result of the sale of the shares in Hira Ltd. You
are not required to calculate any capital gains in this part of the question. (4 marks)
第8题
For the year just ended，N company had an earnings of$2 per share and paid a dividend of $1．2 0n 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．
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P Company is very similar to N company in growth rate，risk and dividend payout rati0．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—eaming ratio and prospective price-earning rati0．
C．Using N company’S current price-earning rati0，value P company’S stock price．
D．Using N company’S prospective price-earning rati0，value P company’S stock price．
第9题
We (had lived) in this house for three years (while) my father decided (to have) us (move) to a new neighborhood.
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A．had lived
B．while
C．to have
D．move
第10题
We (had lived) in this house for three years (while) my father decided (to have) us (move) to a new neighborhood.
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A．had lived
B．while
C．to have
D．move
