1、PAGE PAGE 13會計專業(yè)英語教程課后練習(xí)參考答案Chapter 1Solutions to Self-TestST1-1 ABCDST1-2 BCDST1-3 CDSolutions to Questions for DiscussionOmittedSolutions to ExercisesOmittedChapter 2Solutions to Self-TestST2-1 CST2-2 CST2-3 AST2-4 DST2-5 BST2-6 BST2-7 ABDSolutions to ExercisesEx2-1 A.S B.W C.W D.W E.S F.W G.W H.S

2、Ex2-2 A. Allowance for Doubtful Accounts 51,840 Accounts Receivable 51,840 B. Allowance for Doubtful Accounts 15,660 Accounts Receivable 14,850 Interest Receivable 810 C. Accounts Receivable 7,020 Allowance for Doubtful Accounts 7,020Cash 7,020 Accounts Receivable 7,020 D. Bad Debts Expense 20,520 A

3、llowance for Doubtful Accounts 20,520Ex2-3 A. Jan. 4, Inventory 23,900 Accounts Payable 23,900 Jan. 9, Accounts Receivable 36,800 Sales 36,800 Cost of Goods Sold 27,200 Inventory 27,200B. 124,60023,90027, 200121,300C. Omitted.Chapter 3Solutions to Self-TestST3-1 CST3-2 CST3-3 DChapter 4Solutions to

4、Self-TestST4-1 ABST4-2 ACST4-3 ABCDSolutions to Questions for DiscussionOmittedSolutions to ExercisesEx4-1 OmittedEx4-2 OmittedEx4-3 A. 1,000,0007.2%5360,000 B. 1,000,0007.2%72,000 C. 1,000,0007.2%1/126,000Ex4-4 A. June 1, Cash 20,000 Notes Payable (Holden Investments) 20,000 July 19, Office Equipme

5、nt 18,000 Notes Payable (Western Supply) 18,000 Sept. 1, Cash 240,000 Discount on Notes Payable 4,800 Notes Payable (Midwest Bank) 244,800 Oct. 1, Inventory 162,000 Discount on Notes Payable 405 Notes Payable (Earthware Imports) 162,405 Oct. 19, Interest Payable 350 Interest Expense 100 Cash 450For

6、the replacement of an old note with a new one, the company needs to take notes in the memo records. B. Oct. 31, Interest Expense 195 Discount on Notes Payable 135 Interest Payable 60Oct. 31, Interest Expense 3,200 Discount on Notes Payable 3,200Ex4-5 20,000,00012%(20,000,00012%35%)2,400,000840,0001,

7、560,000 Or 20,000,00012%(135%)1,560,000Chapter 5Solutions to Self-TestST5-1 CST5-2 BST5-3 BST5-4 CST5-5 DST5-6 CST5-7 AST5-8 DST5-9 DSolutions to Questions for DiscussionOmittedSolutions to ExercisesEx5-1 BEx5-2 AEx5-3 CEx5-4 DEx5-5 AEx5-6 DEx5-7 CEx5-8 BEx5-9 AEx5-10 BEx5-11 CEx5-12 BEx5-13 CEx5-14

8、 DEx5-15 CChapter 6Solutions to Self-TestST6-1 AST6-2 CSolutions to Questions for DiscussionOmittedSolutions to ExercisesEx6-1 a. The balance sheetThe balance sheetAssetsLiabilitiesCash 100,000 Accounts payable 55,000 Buildings and equipment 600,000 Notes payable 400,000 Owners EquityShare capital 1

9、50,000 Retained earnings 95,000Total assets700,000Total liabilities and owners equity700,000b. No, because most businesses have more transactions.Ex6-2 Pale Company Income StatementItem Amount of this period I. Total sales 591,762Including: Sales 591,762II. Total cost of sales Including: Cost of sal

10、es 482,355Taxes and associate charges Selling expenses and distribution 98,576Administrative expenses 1,257Financial expense Impairment loss Gain/(loss) from investment (“-” means loss)11,218III. Business profit (“-” means loss) 20,792Add: non-business income 9,033Less: non-business expense IV. Tota

11、l profit (“-” means loss) 29,825Less: Tax expense 522V. Net profit (“-” means loss) 29,303Chapter 7Solutions to Self-TestST7-1 Direct-labor-hour basisOverhead recovery rate = 12000/1,600=7.50 per direct-labor-hourMachine-hour basisOverhead recovery rate = 8000/1,000=8.00 per direct-labor-hourOverhea

12、ds charged to jobsJob 1 Job 2 Direct-labor-hour basis7.5800 6,0007.5800 6,000 Machine-hour basis8.0700 5,6008.0300 2,400 Total 11,600 8,400Solutions to Questions for DiscussionOmittedSolutions to ExercisesEx7-1 (a) Direct-labor-hour baissOverhead recovery rate50,000/200025 per machine-hour.A25150037

13、500B2550012500(b) Machine-hour basisOverhead recovery rate50,000/120041.6667 per machine-hour.A41.666780033333B41.666740016667Ex7-2 The budget may be summarized as:Sales revenue 196,000Direct materials38,000Direct labor32,000Total overheads 77,000 (2,400+3,000+27,600+36,000+8,000)Profit 49,000The jo

14、b may be priced on the basis that both overheads and profit should be apportioned to it on the basis of direct labor cost, as follows:Direct materials 4,000Direct labor 3,600Overheads 8,663 (77,0003,600/32,000)Profit 5,513 (49,0003,600/32,000)21,776This answer assumes that variable overheads vary in

15、 proportion to direct labor cost.Various other bases of charging overheads and profit loading the job could have been adopted. For example, materials cost could have been included (with direct labor) as the basis for profit-loading, or even apportioning overheads.Ex7-3 Sales price per unitAunitOutpu

16、tBTotal sales revenueCABVariable costDB20Total costE2500DProfit/lossH1000002500-250095109502002700-1750902018004002900-1100853025506003100-550804032008003300-1007550375010003500250706042001200370050065704550140039006506080480016004100700559049501800430065050100500020004500500An output of 80 units ea

17、ch week will maximize profit at 700 a week. The sales price per units is 60.Chapter 8Solutions to Self-TestST8-1 The minimum price is: Opportunity cost of the car 3,500 Cost of the reconditioned engine 300 Total 3,800 The original cost of the car is irrelevant. The cost of the new engine is relevant

18、 because, if the work is done, the garage will have to pay 300 for the engine.The labor cost 15 irrelevant because the same cost will be incurred whether the mechanic undertakes the work or not. This is because the mechanic is being paid to do nothing if this job is not undertaken; thus the addition

19、al labor cost arising from this job is zero.ST8-2 Product (code name) B14 B17 B22 ()Selling price per unit252023Variable cost per unit(10)(8)(12)Contribution per unit151211Machine time per unit(hours) 4 3 4Contribution per machine-hour3.754.002.75Order of priority 2nd 1st 3rdLabor time per unit (hou

20、rs) 5 3 6 Therefore:Produce 20 unit of product B17 using 60 hours 22unit of product B14 using 88 hours 148 hoursSolutions to Questions for DiscussionOmittedSolutions to ExercisesEx8-1 The minimum price is:Opportunity cost of the car 3,500Cost of the reconditioned engine 300Labor cost (720)140 Total3

21、,940Ex8-2 The relevant costs to be included in the minimum price are:Stock item: A1 6500=3,000B2 8800=6,400 We are told that the stock of item A1 is in frequent use and so, if it is used on the contract, it will need to be replaced. We are told the stock of item B2 will never be used by the business

22、 unless the contract is undertaken. Thus, if the contract is not undertaken, the only reasonable thing for the business to do is sell the stock. This means that the opportunity cost is 8 a unit.Ex8-3 (a) Estimated monthly profit from basket making:Without the machine With the machine Sales (50014)7,

23、0007000Less Materials (5002)10001000Labor(50025)5000 (50015)2500 Fix costs5003000Profit500500(b) The BEP with the machine:429 baskets per month.There seems to be nothing to choose between the two manufacturing strategies regarding profit, at the estimated sales volume. There is, however, a distinct

24、difference between the two strategies regarding the BEP. Without the machine, the actual volume of sales could fall by a half of that which is expected (from 500 to 250) before the business would fail to make a profit. With the machine, however, a 14 per cent fall (from 500 to 429) would be enough t

25、o cause the business to fail to make a profit.Ex8-4 (a) BEP12,127 radiosSales value is 763,620 (12,12760).(b) The margin of safety is 7,273 radios (that is, 20,00012,727). The margin would have a sales value of 436,380 (that is, 7,27360).Chapter 9Solutions to Self-TestST9-1 (a) and (b)(c) Feasible e

26、xplanations include the following:Sales volumeSales priceMaterials usageLabor rateLabor efficiencyOverheads(d) Planning variance(10%4000) 2.24 896New sales volume variance4000（10%4000）3500 2.24224Original sales volume variance 1120Solutions to Questions for DiscussionOmittedSolutions to ExercisesEx9

27、-1 The original budget, the flexed budget and the actual re as follows: BudgetActualFlexed budgetOutput (production and sales)1,000 units1050 units1050 units Sale revenue100,000104,300105,000Raw materials40,00041,20042,000Labor20,00012,30021,000Fixed overheads20,00019,40020,000Operating profit20,000

28、22,40022,000Reconciliation of the budgeted and actual operating profits for JulyBudgeted profit20,000Add favorable variances: Sales volume (22,00020,000)2,000 Direct materials usage (105040)40,50011,500 Direct labor efficiency(10502.5)2,6008200 Fixed overhead spending (20,00019,400)600 24,300Less Ad

29、verse variances: Sales price variance (105,000104,300)700Direct materials price(40,5001)41,200700Direct labor rate(2,6008) 21,300500Actual profit22,400Ex9-2 Pilot Ltdand (b)BudgetActualOriginalFlexedOutput (units)(production and sales)5,0005,4005,400Sales revenue 25,00027,00026,460Raw materials(7,50

30、0)(8,100) (2,700 kg)(8,770) (2,830 kg)Labor(6,250)(6,750) (1,350 hr)6,885 (1,300 hr)Fixed overheads(6,000)(6,000)(6,350)Operating profit5,2506,1504,455Manager accountableSales volume varianceSales price varianceMaterials usage varianceMaterials price varianceLabor efficiency varianceLabor rate varia

31、nceFixed overhead variance525061502700026460(54000.5）28303（28303）8770(54000.25)13005(13005)688560006350900 (F)(540) (A)(280) (A)(390) (A)(385) (A)250(F)(350) (A)SalesSalesBuyerProductionPersonnelProductionDepends on the nature of the overheads Total net variances795(A)Note: Ffavorable; AadverseChapt

32、er 10Solutions to Self-TestST10-1 A. stock price ￥112.00-5% underpricing 5.60Issue price ￥106.40-6% spread 7.45Net to company ￥98.95Number of shares=￥200 million/￥98.95=2.02 millionB. Investment bankers revenue=￥7.452.02 million=￥15.01 millionC. Underpricing is not a cash flow. It is, however, an op

33、portunity cost to current owners because it means that more shares must be sold to raise ￥200 million and each share will represent a smaller ownership interest in the company.ST10-2 Let X equals the end-of-year payment. ￥100,000=X(3.791); X=￥26,378.26. With this annual payment, the NPV on the loan

34、from the banks perspective is 0, so its IRR is 10 percent.Solutions to Questions for DiscussionOmittedSolutions to ExercisesEx10-1 The holding period return is -2.9 percent.The bonds price might have fallen because investor perceptions of its risk rose or because interest rates rose.Ex10-2 PV=1,000(

35、0.507)= ￥507PV=1,000(0.257)= ￥257. Present value is less because the present sum has more time to grow into ￥1,000.PV=5,000(0.893)+3,000(0.797)+10,000(0.322)= ￥10,076PV=80(6.628)+1,000(0.205)= ￥735.24Chapter 11Solutions to Self-TestST11-1 TrueST11-2 TrueST11-3 FalseST11-4 TrueST11-5 FalseST11-6 Fals

36、e Solutions to Questions for DiscussionOmittedSolutions to ExercisesEX11-1ROE will undoubtedly fall. The numerator of the ratio, net income, will decline because the acquired company is losing money.This, however, is not important to the decision. This is another example of the timing problem. If the Internet company has great promise, it may make complete sense to acquire the business even though it is currently losing money. The proper way to evaluate the acquisiti