(d) The management of Wonderland plc have become concerned about the increased level of operating costs
associated with its petrol-driven ferries and have made a strategic decision to dispose of these. They are now
considering entering into a contract with the Newman Steamship Company (NSC), a shipping organisation based
in Robynland. The contract would entail NSC providing transport to and from Cinola Island for all visitors to the
zoo and circus.
As a result of negotiations with NSC, the directors of Wonderland plc are considering two options whereby NSC
will become responsible for the transportation of visitors to and from Cinola Island with effect from 1 December
2007 or 1 December 2008.
Additional information is available as follows:
(1) NSC would require Wonderland plc to pay for the necessary modifications to their steamships in order that
they would satisfy marine regulations with regard to passenger transportation. The only firm which could
undertake this work is currently working to full capacity and would require a payment of £2,450,000 in
order to undertake the work necessary so that the ferries could be in operation by 1 December 2007. The
same firm would require a payment of £1,725,000 in order to make the necessary modifications so that
the ferries could be in operation by 1 December 2008. The government of Robynland would be willing to
pay a grant of 8% towards the cost of getting the ferries into operation by 1 December 2007, but would not
be willing to pay a grant in respect of any later date.
(2) On 1 December 2002 Wonderland plc paid £500,000 to the Port Licencing Authority of Robynland. This
payment was for a licence which entitles Wonderland plc to use all harbour facilities in Robynland during
the five-year period ending 30 November 2007. The licence could be renewed on 1 December 2007 at a
cost of £150,000 per annum.
(3) Redundancy payments would need to be paid in respect of loss of employment. These would amount to
£1,200,000 if the contract with NSC commenced on 1 December 2007. This amount would reduce to
£750,000 if the contract commenced on 1 December 2008.
(4) Wonderland plc has a contract for the provision of petrol for its ferries which is due to expire on 30 November
2008. Early termination of the contract would incur a penalty charge of £76,000. An emergency reserve
stock of petrol held by Wonderland plc, which cannot be used after 30 November 2007 due to marine
regulations regarding the age of fuel, could be sold for £55,000 on 1 December 2007 but not on any date
thereafter.
(5) The ferries could be sold for £3,300,000 on 1 December 2007. If retained after 1 December 2007 the
ferries would require servicing during the year ending 30 November 2008 which would incur costs
amounting to £150,000. The resale value of the ferries on 1 December 2008 would be £2,900,000.
(6) Stock of consumable items which originally cost £150,000 could be sold on 1 December 2007 for
£110,000 and on 1 December 2008 for £50,000.
Required:
(i) On purely financial grounds, advise whether the management of Wonderland plc should enter into a
contract with NSC with effect from 1 December 2007 or 1 December 2008. You may ignore the time
value of money. (9 marks)
第1题:
(b) ‘Strategic positioning’ is about the way that a company as a whole is placed in its environment and concerns its
‘fit’ with the factors in its environment.
With reference to the case as appropriate, explain how a code of ethics can be used as part of a company’s
overall strategic positioning. (7 marks)
第2题:
As computers evolve, they have become Smaller and smaller, while speed and(66)have increased tremendously.
A.quantity
B.capacity
C.available
D.quality
第3题:
The most encouraging fact about the US economy is that_____ .
[A]employment rates have risen faster than expected
[B]the Federal Reserve will raise interest rates soon
[C]industrial production is reaching its lowest point
[D]some economic sectors have become leading industries
本题考查了多处事实细节。第三段第二句提到,惟一的好消息是申请失业保险金人数在9·11事件后达到的高峰期开始回落,现在的水平表明失业的速度(the pace of layoffs)有所缓和(easing)。该句表明失业者还在增加,只是增加的速度低于先前。因此,[A]项与文意相反。[B]项与第四段首句“经济复苏并不意味着美联储将很快提高利率”含义相反。第五段首句是段落主题句:最近的经济报道中最好的消息来自1月份工业生产的数据。末句对主题予以说明:数据表明工业生产部门的产量正在达到底线,复苏即将开始。[C]项是对该句的改写,是正确选项。文中虽然提到很多经济部门,但没有比较谁是主导产业,排除[D]项。
第4题:
Without ______ to the foregoing,every such servant,agent and subcontractor shall have the benefit of all provisions contained herein benefiting the carrier as if such provisions were expressly for their benefit; and in entering into this contract,the carrier,to the extent of those provisions does so not only on its own behalf,but also as agent and trustee for such servants,agents and sub-contractors.
A.damage
B.injury
C.break
D.prejudice
第5题:
第6题:
第7题:
第8题:
You perform differential incremental level 1 backups of your database on each working day and level 0 backupon Sundays, to tape. Which two statements are true about differential incremental backups()
第9题:
will; became
would; became
would; have become
will; have become
第10题:
第11题:
Scientists have solved the mystery about the fish killer.
More studies need to be made about the fish killer.
It is proved that the algae are reducing fish populations.
Humans have already been affected by the toxin.
第12题:
cut down
cut short
cut out
cut off
第13题:
L.A.Unified has made the rule about homework mainly because poor students_____.
[A]tend to have moderate expectations for their education
[B]have asked for a different educational standard
[C]may have problems finishing their homework
[D]have voiced their complaints about homework
第14题:
Washing machines made by China have won_______worldwide attention and Haier has become_____popular name.
A. a; the B. /; a
C. /; the D. the; a
第15题:
Which of the following statements about older adults is TRUE?( )
[A] They have to find an identity again.
[B] They.will retire in several months.
[C] Their bodies become immortal.
[D] Their children have left home.
第16题:
第17题:
第18题:
第19题:
Supply chain management consists of firms collaborating to leverage strategic positioning and to improve operating efficiency.
第20题:
The density of the air entering the compressor
The temperature of the air entering the compressor
The designed rotating speed of the compressor
A leaking head gasket
第21题:
accepted
accepting
to accept
be accepted
第22题:
will; became
would; became
would; have become
will; have become
第23题:
The backup performed on Sundays contains all the blocks that have ever been used in the database.
The backup performed on Sundays contains all the blocks that have changed since the last level 1 backup.
The backup performed on each working day contains all the blocks that have changed since the last level 0 backup.
The backup performed on Monday contains all the blocks that have changed since the level 0 backup, and every other working day contains all the blocks that have changed since the level 1 backup