題目

BDL plc is currently preparing its cash budget for the year to 31 March 20X8. An extract from its sales budget for the same year shows the following sales values.?

??????????????????????????? ? $

March?????????????? ?60,000

April?????????????????? 70,000

May?????????????????? 55,000

June???????????????? ?65,000

40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in the month after sale and take a2% discount; 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts.

What is the value of sales receipts to be shown in the cash budget for May 20X7?

A

$60,532

B

$61,120

C

$66,532

D

$86,620

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Chapter16Thebudgetaryprocess

???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ??????? $

40% of May sales for cash (40% x $55,000)?????????????????????????????????????????????????????????????? ?22,000

70% of April credit sales less 2% discount (70% x 60% x $70,000 x 98%)???????????????? ?28,812

27% of March credit sales (27% x 60% x $60,000)??????????????????????????????????????????????????????9,720

????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? 60,532

If you selected option B you forgot to allow for the two per cent discount. Option C works on the assumption that receipts from cash sales occur in the month after sale； by definition, cash sales receipts occur as soon as the sale is made. If you selected option D you calculated the credit receipts on the basis that all sales were made on credit； only 60 per cent of sales were on a credit basis.

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

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