The savings, both _____ time and money, could be considerable.
A.term of
B.under the terms of
C.come to terms with
D.in terms of
A.term of
B.under the terms of
C.come to terms with
D.in terms of
year end. Damian personally owns 10% of the ordinary issued share capital of Linden Limited, for which he paid
£10,000 in June 1998. He estimates that the current market value of Linden Limited is £9 million and that the
company will make taxable profits of £1·4 million in the forthcoming year to 31 July 2007.
(a) Damian believes that Linden Limited should conduct its activities in a socially responsible manner and to this
end has proposed that in future all cars purchased by the company should be low emission vehicles. The sales
director has stated that several of his staff, who are the main recipients of company cars, other than the directors,
are extremely unhappy with this proposal, perceiving it as downgrading their value and status.
The cars currently provided to the sales staff have a list price of £19,600, on which Linden Limited receives a
bulk purchase discount of 6% from the dealer, and a CO2 emission rate of 168 grams/kilometre. The company
pays for up to £400 of accessories, of the salesmen’s own choice to be fitted to the cars and all of the running
costs, including private petrol. The cars are replaced every three years and the ‘old’ cars are sold at auction,
because they are high mileage vehicles.
The low emission cars it is proposed to purchase will have the same list price as the current cars, but the dealer
is only prepared to offer a bulk discount of 5% on these vehicles. Damian does not propose to make any other
changes to Linden Limited’s company car policy or practice.
Required:
(i) Explain the tax consequences of the proposed move to low emission vehicles for both the individual
salesmen and Linden Limited, illustrating your answer by means of relevant calculations of the tax and
national insurance (NIC) savings arising. (9 marks)
Lesting Regional Authority (LRA) is responsible for the provision of a wide range of services in the Lesting region, which is based in the south of the country ‘Alaia’. These services include, amongst other things, responsibility for residents’ welfare, schools, housing, hospitals, roads and waste management.
Over recent months the Lesting region experienced the hottest temperatures on record, resulting in several forest fires, which caused damage to several schools and some local roads. Unfortunately, these hot temperatures were then followed by flooding, which left a number of residents without homes and saw higher than usual numbers of admissions to hospitals due to the outbreak of disease. These hospitals were full and some patients were treated in tents. Residents have been complaining for some years that a new hospital is needed in the area.
Prior to these events, the LRA was proudly leading the way in a new approach to waste management, with the introduction of its new ‘Waste Recycling Scheme.’ Two years ago, it began phase 1 of the scheme and half of its residents were issued with different coloured waste bins for different types of waste. The final phase was due to begin in one month’s time. The cost of providing the new waste bins is significant but LRA’s focus has always been on the long-term savings both to the environment and in terms of reduced waste disposal costs.
The LRA is about to begin preparing its budget for the coming financial year, which starts in one month’s time. Over recent years, zero-based budgeting (ZBB) has been introduced at a number of regional authorities in Alaia and, given the demand on resources which LRA faces this year, it is considering whether now would be a good time to introduce it.
Required:
(a) Describe the main steps involved in preparing a zero-based budget. (3 marks)
(b) Discuss the problems which the Lesting Regional Authority (LRA) may encounter if it decides to introduce and use ZBB to prepare its budget for the coming financial year. (9 marks)
(c) Outline THREE potential benefits of introducing zero-based budgeting at the LRA. (3 marks)
(5)
A.They usually hold savings accounts.
B.They have current accounts.
C.They specialize in long-term savings accounts and mortgages.
D.They deal in short-term savings accounts.
(5)
A.There is a higher rate of interest on deposit account.
B.There is a higher rate of interest on savings account.
C.The rate of interest on deposit accounts is always much higher than that on savings accounts.
D.The rate of interest on deposit accounts is usually much lower than that on savings accounts.
The ability to achieve cost savings is inversely proportional to _____.
A.the earned value achieved to date
B.the estimated costs to complete
C.empowerment to the P.M.
D.productivity
E.None of the above.
A.He makes deposits with a bank.
B.He withdraws money from a savings account.
C.He withdraws money from a checking account.
D.Both A and B.
听力原文:W: Will my deposit earn any interest?
M: Certainly. Interest rate on savings accounts at the moment is 3%. If you opened a current account money, you wouldn't earn any interest.
Q: What would the interest rate be if the woman opened a current account?
(14)
A.3%.
B.5%.
C.11%.
D.None.
Into what kind of account can a savings deposit be transferred at the same bank?
A.A time deposit account of the depositor.
B.A demand deposit account of the depositor.
C.A NOW account of the depositor.
D.A fixed time account of the depositor.
(b) The management of Division C has identified the need to achieve cost savings in order to become more
competitive. They have decided that an analysis and investigation of quality costs into four sub-categories will
provide a focus for performance measurement and improvement.
Required:
Identify the FOUR sub-categories into which quality costs can be analysed and provide examples (which
must relate to Division C) of each of the four sub-categories of quality cost that can be investigated in order
that overall cost savings might be achieved and hence the performance improved. (8 marks)
A. savings
B. will
C. credit card
D. cash machine