题目内容
（请给出正确答案）
A.urgent
B.characteristic
C.remarkable
D.arbitrary
如果结果不匹配，请 联系老师 获取答案
更多“The Party should be able to re…”相关的问题
A．Right
B．Wrong
C．Doesn't say
A．Right
B．Wrong
C．Doesn't say
Read carefully the following excerpt and then write your response in NO LESS THAN 200 words, in which you should: ●summarize the main message of the excerpt, and then ●comment on whether our brains will get lazy in a world run by intelligent machines. You can support yourself with information from the excerpt. Marks will be awarded for content relevance, content sufficiency, organization and language quality. Failure to follow the above instructions may result in a loss of marks. With intelligent machines to do the thinking, will our brains get lazy？ Changing technology stimulates the brain and increases intelligence. But that may only be true if the technology challenges us. In a world run by intelligent machines, our lives could get a lot simpler. Would that make us less intelligent？ Artificial intelligence is taking over many human jobs. For instance, planes are being flown much of the time by automatic pilots. And the complex problem of controlling air traffic around large modern airports is also achieved by artificial intelligence that operates well beyond the capacity of mere human air traffic controllers. As machines get smarter, they will do more of our thinking for us and make life easier. In the future, the electronic assistant will develop to the point that it serves similar functions as a real living butler, fulfilling requests such as: “Organize a dinner party for six on Thursday, Jeeves, and invite the usual guests.” At that point, our long struggle with challenging technologies is at an end. Like Be Wooster, we can take it easy knowing that the hard work of planning and organizing is being done by a better brain-the electronic assistant. Starved of mental effort, our brains will regress.
1. Do not wear a money belt. This makes you an instant target.
2. Cameras of all kinds are a favorite with snatchers. Feel free to use them within the
Starehe Campus and the hotel grounds but not in the streets.
3. Ladies handbags are also a regular snatch. Avoid carrying one, and if you must, be alert and hold on to it tightly.
4. Jewellery and even glasses with valuable frames are also often targeted. Bear this in mind.
5. When in a vehicle keep the doors always locked, and the windows only slightly open --especially at traffic lights, junctions and in slow moving traffic.
6. Beware of street children, their begging often quickly transforms into something more unpleasant.
7. Stay with the main party all the time, and avoid wandering off on your own.
8. Finally, the best defence is to be alert at all times and conscious of your environment.
Should you have any problem, query or need help at any hour of the day or night call any of the following and they will do their best for you:
OFFICE FIXED HOME FIXED Mobile Phone
1 KENNEDY HONGO 763856/761221 763182 0733 761294
2 FRED OKONO 761221 764988 0733 604490
3 EDWIN OTIENO 761221 761642/763011 072 701279
This selection must be delivered by ______.
A．the Nairobi city government
B．the police of the Nairobi Airport
C．the organizer of the seminar
D．Kennedy Hongo, a detective
As a general rule, a small gift from your home country is appreciated. A gift that is tied to the particular interest of the individual is especially appreciated. Gifts for children are also well received. Be careful that the "hometown" gift you are bringing to Singapore was not made in Hong Kong. Because many gifts carry symbolic meanings, it is always best to seek the advice of a cultural informant before selecting gifts. The giving of large gifts, or payments for special service, should only be undertaken after consulting the legal department in the home and host culture.
It is no good inviting people of different social positions to the same party in the country where ______.
A．people don't pay any attention to your positions
B．people care much about their statuses
C．entertainment is important
D．entertainment is not advisable
Section A – BOTH questions are compulsory and MUST be attempted
Tramont Co is a listed company based in the USA and manufactures electronic devices. One of its devices, the X-IT, is produced exclusively for the American market. Tramont Co is considering ceasing the production of the X-IT gradually over a period of four years because it needs the manufacturing facilities used to make the X-IT for other products.
The government of Gamala, a country based in south-east Asia, is keen to develop its manufacturing industry and has offered Tramont Co first rights to produce the X-IT in Gamala and sell it to the USA market for a period of four years. At the end of the four-year period, the full production rights will be sold to a government-backed company for Gamalan Rupiahs (GR) 450 million after tax (this amount is not subject to inflationary increases). Tramont Co has to decide whether to continue production of the X-IT in the USA for the next four years or to move the production to Gamala immediately.
Currently each X-IT unit sold makes a unit contribution of $20. This unit contribution is not expected to be subject to any inflationary increase in the next four years. Next year’s production and sales estimated at 40,000 units will fall by 20% each year for the following three years. It is anticipated that after four years the production of the X-IT will stop. It is expected that the financial impact of the gradual closure over the four years will be cost neutral (the revenue from sale of assets will equal the closure costs). If production is stopped immediately, the excess assets would be sold for $2·3 million and the costs of closure, including redundancy costs of excess labour, would be $1·7 million.
The following information relates to the production of the X-IT moving to Gamala. The Gamalan project will require an initial investment of GR 230 million, to pay for the cost of land and buildings (GR 150 million) and machinery (GR 80 million). The cost of machinery is tax allowable and will be depreciated on a straight-line basis over the next four years, at the end of which it will have a negligible value.
Tramont Co will also need GR 40 million for working capital immediately. It is expected that the working capital requirement will increase in line with the annual inflation rate in Gamala. When the project is sold, the working capital will not form. part of the sale price and will be released back to Tramont Co.
Production and sales of the device are expected to be 12,000 units in the first year, rising to 22,000 units, 47,000 units and 60,000 units in the next three years respectively.
The following revenues and costs apply to the first year of operation: – Each unit will be sold for $70;
– The variable cost per unit comprising of locally sourced materials and labour will be GR 1,350, and;
– In addition to the variable cost above, each unit will require a component bought from Tramont Co for $7, on which Tramont Co makes $4 contribution per unit;
– Total fixed costs for the first year will be GR 30 million.
The costs are expected to increase by their countries’ respective rates of inflation, but the selling price will remain fixed at $70 per unit for the four-year period.
The annual corporation tax rate in Gamala is 20% and Tramont Co currently pays corporation tax at a rate of 30% per year. Both countries’ corporation taxes are payable in the year that the tax liability arises. A bi-lateral tax treaty exists between the USA and Gamala, which permits offset of overseas tax against any USA tax liability on overseas earnings. The USA and Gamalan tax authorities allow losses to be carried forward and written off against future profits for taxation purposes.
Tramont Co has decided to finance the project by borrowing the funds required in Gamala. The commercial borrowing rate is 13% but the Gamalan government has offered Tramont Co a 6% subsidised loan for the entire amount of the initial funds required. The Gamalan government has agreed that it will not ask for the loan to be repaid as long as Tramont Co fulfils its contract to undertake the project for the four years. Tramont Co can borrow dollar funds at an interest rate of 5%.
Tramont Co’s financing consists of 25 million shares currently trading at $2·40 each and $40 million 7% bonds trading at $1,428 per $1,000. Tramont Co’s quoted beta is 1·17. The current risk free rate of return is estimated at 3% and the market risk premium is 6%. Due to the nature of the project, it is estimated that the beta applicable to the project if it is all-equity financed will be 0·4 more than the current all-equity financed beta of Tramont Co. If the Gamalan project is undertaken, the cost of capital applicable to the cash flows in the USA is expected to be 7%.
The spot exchange rate between the dollar and the Gamalan Rupiah is GR 55 per $1. The annual inflation rates are currently 3% in the USA and 9% in Gamala. It can be assumed that these inflation rates will not change for the foreseeable future. All net cash flows arising from the project will be remitted back to Tramont Co at the end of each year.
There are two main political parties in Gamala: the Gamala Liberal (GL) Party and the Gamala Republican (GR) Party. Gamala is currently governed by the GL Party but general elections are due to be held soon. If the GR Party wins the election, it promises to increase taxes of international companies operating in Gamala and review any commercial benefits given to these businesses by the previous government.
Required:
Prepare a report for the Board of Directors of Tramont Co that
(i) Evaluates whether or not Tramont Co should undertake the project to produce the X-IT in Gamala and cease its production in the USA immediately. In the evaluation, include all relevant calculations in the form. of a financial assessment and explain any assumptions made;
Note: it is suggested that the financial assessment should be based on present value of the operating cash flows from the Gamalan project, discounted by an appropriate all-equity rate, and adjusted by the present value of all other relevant cash flows. (27 marks)
(ii) Discusses the potential change in government and other business factors that Tramont Co should consider before making a final decision. (8 marks)
Professional marks will be awarded in question 1 for the format, structure and presentation of the answer. (4 marks)
heavy investment in licences and network infrastructure. Competition in the sector is fierce and technological
advances are a characteristic of the industry. Johan has responded to these factors by offering incentives to customers
and, in an attempt to acquire and retain them, Johan purchased a telecom licence on 1 December 2006 for
$120 million. The licence has a term of six years and cannot be used until the network assets and infrastructure are
ready for use. The related network assets and infrastructure became ready for use on 1 December 2007. Johan could
not operate in the country without the licence and is not permitted to sell the licence. Johan expects its subscriber
base to grow over the period of the licence but is disappointed with its market share for the year to 30 November
2008. The licence agreement does not deal with the renewal of the licence but there is an expectation that the
regulator will grant a single renewal for the same period of time as long as certain criteria regarding network build
quality and service quality are met. Johan has no experience of the charge that will be made by the regulator for the
renewal but other licences have been renewed at a nominal cost. The licence is currently stated at its original cost of
$120 million in the statement of financial position under non-current assets.
Johan is considering extending its network and has carried out a feasibility study during the year to 30 November
2008. The design and planning department of Johan identified five possible geographical areas for the extension of
its network. The internal costs of this study were $150,000 and the external costs were $100,000 during the year
to 30 November 2008. Following the feasibility study, Johan chose a geographical area where it was going to install
a base station for the telephone network. The location of the base station was dependent upon getting planning
permission. A further independent study has been carried out by third party consultants in an attempt to provide a
preferred location in the area, as there is a need for the optimal operation of the network in terms of signal quality
and coverage. Johan proposes to build a base station on the recommended site on which planning permission has
been obtained. The third party consultants have charged $50,000 for the study. Additionally Johan has paid
$300,000 as a single payment together with $60,000 a month to the government of the region for access to the land
upon which the base station will be situated. The contract with the government is for a period of 12 years and
commenced on 1 November 2008. There is no right of renewal of the contract and legal title to the land remains with
the government.
Johan purchases telephone handsets from a manufacturer for $200 each, and sells the handsets direct to customers
for $150 if they purchase call credit (call card) in advance on what is called a prepaid phone. The costs of selling the
handset are estimated at $1 per set. The customers using a prepaid phone pay $21 for each call card at the purchase
date. Call cards expire six months from the date of first sale. There is an average unused call credit of $3 per card
after six months and the card is activated when sold.
Johan also sells handsets to dealers for $150 and invoices the dealers for those handsets. The dealer can return the
handset up to a service contract being signed by a customer. When the customer signs a service contract, the
customer receives the handset free of charge. Johan allows the dealer a commission of $280 on the connection of a
customer and the transaction with the dealer is settled net by a payment of $130 by Johan to the dealer being the
cost of the handset to the dealer ($150) deducted from the commission ($280). The handset cannot be sold
separately by the dealer and the service contract lasts for a 12 month period. Dealers do not sell prepaid phones, and
Johan receives monthly revenue from the service contract.
The chief operating officer, a non-accountant, has asked for an explanation of the accounting principles and practices
which should be used to account for the above events.
Required:
Discuss the principles and practices which should be used in the financial year to 30 November 2008 to account
for:
(a) the licences; (8 marks)
A.One
B.A
C.Either
D.Each
I happen to be one of those who do not put faith in the old saying. I suppose I might be in the minority but I am a member of an elite club with the likes of Steve Jobs and Bill Gates in my camp.
Perception is not reality; perception is halfway to discovering reality. Perception is drawn from our own impressions, our own belief systems. Is it powerful and influential？ Absolutely! Is it all that it seems？ Less often than you think. How many times have you cast an initial judgment only to surprise yourself later and learn how you missed out on a great opportunity, person or idea？
Comment 1
In the present era, many associate the well-dressed with being the most successful. It took folks in the business world a long time to overlook the way Steve Jobs wore jeans on the public stage. I did not know Mr. Jobs, though I wish I had. I have heard it said that he invented the concept of “business casual.” In my mind that is as much a matter of self-confidence as it is a matter of taste in clothing.
Comment 2
You are wrong about Steve Jobs. He certainly did care about how he was perceived and his appearance was very much calculated to achieve his desired effect. From his early formal business clothing down to the aggressive casualness of his eventual black turtle neck and jeans uniform, his clothes and the impact they made were clearly foremost in his mind.
Comment 3
It reminds me of the story about the philosopher who goes to a formal dinner party in jeans. When asked if he felt out of place because of his clothes, he looked around and said he hadn’t noticed.
Which of the following might the writer of the passage agree with？
A.Steve Jobs and Bill Gates dress formally.
B.We should not judge a person by his clothing.
C.It is clothes that make the man.
D.The well-dressed are most likely to succeed.
According to the writer of the passage, perception ______.A.might prove wrong
B.is powerful and reliable
C.is half reality
D.might be worthless to us
Speaking of Steve Jobs, the writer of Comment 2 ________.A.points out that Steve Jobs was a very aggressive person
B.suggests that he and Steve Jobs used to be in the same club
C.holds the same view as the writer of the passage
D.thinks Steve Jobs’ casualness was carefully thought out
When he went to the dinner party in jeans (Comment 3), the philosopher _______A.thought that people liked his clothes
B.was not aware of how his clothes looked
C.felt quite embarrassed
D.considered himself out of place
The writer of Comment 1 seems to ______.A.dislike the way Steve Jobs dressed for business occasions
B.suggest that business people have no taste in clothing
C.believe that the well-dressed are the most successful
D.think that Steve Jobs’ casualness reflected his self-confidence
which were recently discussed at the monthly audit managers’ meeting:
(1) Nate & Co has recently been approached by a potential new audit client, Fisher Co. Your firm is keen to take the
appointment and is currently carrying out client acceptance procedures. Fisher Co was recently incorporated by
Marcellus Fisher, with its main trade being the retailing of wooden storage boxes.
(2) Nate & Co provides the audit service to CF Co, a national financial services organisation. Due to a number of
errors in the recording of cash deposits from new customers that have been discovered by CF Co’s internal audit
team, the directors of CF Co have requested that your firm carry out a review of the financial information
technology systems. It has come to your attention that while working on the audit planning of CF Co, Jin Sayed,
one of the juniors on the audit team, who is a recent information technology graduate, spent three hours
providing advice to the internal audit team about how to improve the system. As far as you know, this advice has
not been used by the internal audit team.
(3) LA Shots Co is a manufacturer of bottled drinks, and has been an audit client of Nate & Co for five years. Two
audit juniors attended the annual inventory count last Monday. They reported that Brenda Mangle, the new
production manager of LA Shots Co, wanted the inventory count and audit procedures performed as quickly as
possible. As an incentive she offered the two juniors ten free bottles of ‘Super Juice’ from the end of the
production line. Brenda also invited them to join the LA Shots Co office party, which commenced at the end of
the inventory count. The inventory count and audit procedures were completed within two hours (the previous
year’s procedures lasted a full day), and the juniors then spent four hours at the office party.
Required:
(a) Define ‘money laundering’ and state the procedures specific to money laundering that should be considered
before, and on the acceptance of, the audit appointment of Fisher Co. (5 marks)
Everyone___________to bring some food to the party on Sunday.
A.supposes
B.will suppose
C.is supposed
D.will be supposed
