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Test Bank with Assessment Questions with solutions for Business Accounting & Finance, 6th EMEA Edition by Gowthorpe (All Chapters included)$29.49
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Test Bank with Assessment Questions with solutions for Business Accounting & Finance, 6th EMEA Edition by Gowthorpe (All Chapters included)
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Course
Business Accounting & Finance 6e Gowthorpe
Institution
Business Accounting & Finance 6e Gowthorpe
Complete Test Bank with Assessment Questions with solutions for Business Accounting & Finance, 6th EMEA Edition by Catherine Gowthorpe ; ISBN13: 9781473791275...(Full Chapters included and organized in reverse order from Chapter 20 to 1)...1. The role of accounting in business
2. The statement of ...
TEST BANK with
Assessment Questions with
solutions
Business Accounting & Finance,
6th Edition by Catherine Gowthorpe
Complete Chapters Test Bank
are included (Ch 1 to 20)
** Immediate Download
** Swift Response
** All Chapters included
,Table of Contents are given below
1. The role of accounting in business
2. The statement of financial position
3. The statement of profit or loss
4. Applying accounting conventions
5. Depreciation and amortization
6. The statement of cash flows
7. Financial reporting by limited companies
8. Understanding financial reports: trend analysis
9. Understanding financial reports: using accounting ratios
10. Management and cost accounting information
11. Costing: overview and basic techniques
12. Costing: accounting for overheads
13. Pricing
14. Marginal costing and decision making
15. Capital investment decisions
16. Budgets
17. Accounting for control
18. Performance measurement
19. The management of working capital
20. Financing the business
,The test bank is organized in reverse order, with the last chapter displayed first, to ensure that all
chapters are included in this document. (Complete Chapters included Ch20-1)
Question 1 Ranjit
Ranjit is planning to start up a wholesale business which will trade in shoes. He plans to
import shoes from Italy, Poland and elsewhere and supply them to shoe shops around
the UK. Ranjit has examined several options for renting premises. At the moment the
best deal appears to be available from the local government authority. It has some small-
and medium-sized warehousing units which it is prepared to let to new business
enterprises at a subsidized rental for the first two years after start-up. He is now
beginning to think about how much cash he will need to borrow in order to finance his
business.
Advise Ranjit on the principal types of expense which you think he will incur in the first
few months of running his business.
Question 2 Meaning of terms
Briefly explain the meaning of the following terms:
a) Alternative Investment Market
b) Flotation of a company
c) FTSE 250
d) Annual General Meeting
Question 3 Rukhsana Software plc
Rukhsana Software plc was founded seven years ago. It has been highly successful in
writing and developing bespoke software solutions for supply chain management.
Rukhsana, the founder and chief executive, owns just over 70 per cent of the shares in
the company; the remainder are held by her son and her husband, both of whom work in
the business. The business has been very profitable during its seven-year life, but it is
now facing a few problems. Customer satisfaction has fallen during the last year because
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, of the length of time required to develop upgrades. Also, the rate of acquisition of new
customers has slowed, partly because of new competitors in the market. Rukhsana
realizes that service can be improved only by taking on new programming staff and that
a major effort is required in marketing the company’s products. The company has grown
substantially since it bought the freehold premises it currently occupies and the building
is now full to overflowing. Staff morale has declined because of the overcrowding and
the excessive work-loads. Rukhsana recognizes the need to raise a substantial amount of
cash to fund the move to a larger building, and the additional working capital
requirements of a larger business. She is wondering whether perhaps the time has come
to float the company on the Stock Market. She would like to retain a holding of shares
herself but is prepared to sell the majority of her shareholding via a flotation.
Required:
Advise Rukhsana on the potential advantages and drawbacks of a flotation.
Question 4 Maxine
Maxine owns 1,500 shares in Prince & Bannister plc, a company quoted on the London
Stock Exchange. She has no other shareholdings; these shares were granted to her as
part of a general issue to employees when she worked for Prince & Bannister a couple of
years ago. Maxine does not generally follow the financial press, but she takes an interest
whenever Prince & Bannister plc is mentioned in the financial news on the radio and in
the news headlines. Three items of news about the company have caught her attention
in recent weeks:
a) ‘Prince & Bannister plc joins the FTSE 100’
b) ‘Prince & Bannister is contemplating a bid for Rycart Rylance plc, one of its
principal competitors. The Rycart directors are sure to reject the bid, and P&B will
have a fight on its hands.’
c) ‘Prince & Bannister rose 13p to 697p on the announcement of record profits,
beating the FTSE All-share which fell back 43 points to close at 4,157.5.’
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