Which ONE of the following would serve to increase the Throughput Accounting Ratio?
A manufacturing company decides which of three mutually exclusive products to make in its factory on the basis of maximising the company’s throughput accounting ratio.
Current data for the three products is shown in the following table:
Product X Product Y Product Z
Selling price per unit $60 $40 $20
Direct material cost per unit $40 $10 $16
Machine hours per unit 10 20 2.5
Total factory costs (excluding direct materials) are $150,000. The company cannot make enough of any of the products to satisfy external demand entirely as machine hours are restricted.
Which of the following actions would improve the company’s existing throughput accounting ratio?
Which of the following is a statement by a judge that is the basis for their decision and is what becomes binding on future judges?
Which of the following types of court decision occurs when a court higher in the hierarchy overturns the verdict of a lower court in the same case?
According to IAS 38 Intangible assets, which of the following statements about research anddevelopment expenditure are
correct?
1 Research expenditure, other than capital expenditure on research facilities, should be recognised as an expense as
incurred.
2 In deciding whether development expenditure qualifies to be recognised as an asset, it is necessary to consider whether
there will be adequate finance available to complete the project.
3 Development expenditure recognised as an asset must be amortised over a period not exceeding five years.
Which one of the following statements about traditional (unlimited) partnerships is incorrect?
According to IAS 38 Intangible assets, which of the following statements about research and development expenditure are
correct?
1 If certain conditions are met, an entity may decide to capitalise development expenditure.
2 Research expenditure, other than capital expenditure on research facilities, must be written off as incurred.
3 Capitalised development expenditure must be amortised over a period not exceeding 5 years.
4 Capitalised development expenditure must be disclosed in the statement of financial position under intangible non-current
assets.
An LLP dissolves when a member leaves.
Advertising an auction is an offer to sell
As a general rule, silence cannot constitute acceptance.