Why is performance management necessarily in organisations? Critically assess the difficulties that arise in this in its implementation?
NOTTINGHAM TRENT UNIVERSITY
NOTTINGHAM BUSINESS SCHOOL
ACCOUNTING AND FINANCE FOR MANAGERS
MODULE CODE: BUSI11002
Date: 06th June 2012
Time: 13:30 – 16:45 (Includes 15 minutes reading time) ________
INSTRUCTIONS TO CANDIDATES
Section A - Answer all 25 questions. 1 mark each.
Section B – Answer three questions. 25 marks each __________
SECTION A – Answer all questions
Q1. A company has:
An annual demand for raw material of 3000 units.
A cost per order of £45.00 per order raised.
Inventory holding costs per of £9.00 per unit of raw material per year.
How frequently in whole days should an Economic Order Quantity be placed?
(a) 200
(b) 21
(c) 10
(d) 30 (1 mark)
Q2. The following is an extract from a company’s cash budget: June July August
Cash received from receivables £7,500 £9,000 £11,000
Cash sales £10,000 £13,000 £11,000
Total cash inflow £17,500 £22,000 £22,000 If the company allows customers one month to pay on its credit sales what is the expected total sales figure for June?
(a) £23,000
(b) £20,500
(c) £19,000
(d) £16,500 (1 mark)
Q3. Which one of the following should never appear in a cash budget?
(a) Loans Received
(b) Depreciation
(c) Share Issues
(d) Cash Purchases (1 mark)
Q4. Before giving credit to a customer a business should consider the 5C’s. Four of these are - Capital Character Conditions Collateral
The fifth “C” is
(a) Capacity
(b) Consent
(c) Company
(d) Control (1 mark)
The following information is relevant for questions 5 & 6:
A company’s end of year figures were as follows:
This year
£
Last year
£
Current Assets Inventories Receivables Cash
68,000 75,000 28,000
30,000 44,000 4,000
Current Liabilities
Trade payables 59,000 23,500 Corporation Tax 45,000 24,000
Q5. The quick assets ratio for this year (to two decimal
NOTTINGHAM BUSINESS SCHOOL
ACCOUNTING AND FINANCE FOR MANAGERS
MODULE CODE: BUSI11002
Date: 06th June 2012
Time: 13:30 – 16:45 (Includes 15 minutes reading time) ________
INSTRUCTIONS TO CANDIDATES
Section A - Answer all 25 questions. 1 mark each.
Section B – Answer three questions. 25 marks each __________
SECTION A – Answer all questions
Q1. A company has:
An annual demand for raw material of 3000 units.
A cost per order of £45.00 per order raised.
Inventory holding costs per of £9.00 per unit of raw material per year.
How frequently in whole days should an Economic Order Quantity be placed?
(a) 200
(b) 21
(c) 10
(d) 30 (1 mark)
Q2. The following is an extract from a company’s cash budget: June July August
Cash received from receivables £7,500 £9,000 £11,000
Cash sales £10,000 £13,000 £11,000
Total cash inflow £17,500 £22,000 £22,000 If the company allows customers one month to pay on its credit sales what is the expected total sales figure for June?
(a) £23,000
(b) £20,500
(c) £19,000
(d) £16,500 (1 mark)
Q3. Which one of the following should never appear in a cash budget?
(a) Loans Received
(b) Depreciation
(c) Share Issues
(d) Cash Purchases (1 mark)
Q4. Before giving credit to a customer a business should consider the 5C’s. Four of these are - Capital Character Conditions Collateral
The fifth “C” is
(a) Capacity
(b) Consent
(c) Company
(d) Control (1 mark)
The following information is relevant for questions 5 & 6:
A company’s end of year figures were as follows:
This year
£
Last year
£
Current Assets Inventories Receivables Cash
68,000 75,000 28,000
30,000 44,000 4,000
Current Liabilities
Trade payables 59,000 23,500 Corporation Tax 45,000 24,000
Q5. The quick assets ratio for this year (to two decimal