In January 2008 Arti entered in a contractual agreement with Bee Ltd to write a study manual for an international accountancy body’s award. The manual was to cover the period from September 2008 till June 2009, and it was a term of the contract that the text be supplied by 30 June 2008 so that it could be printed in time for September. By 30 May, Arti had not yet started on the text and indeed he had written to Bee Ltd stating that he was too busy to write the text.
Bee Ltd was extremely perturbed by the news, especially as it had acquired the contract to supply all of the
accountancy body’s study manuals and had already incurred extensive preliminary expenses in relation to the publication of the new manual.
Required:
In the context of the law of contract, advise Bee Ltd whether they can take any action against Arti.
(10 marks)
第1题:
(a) The following information relates to Crosswire a publicly listed company.
Summarised statements of financial position as at:
The following information is available:
(i) During the year to 30 September 2009, Crosswire embarked on a replacement and expansion programme for its non-current assets. The details of this programme are:
On 1 October 2008 Crosswire acquired a platinum mine at a cost of $5 million. A condition of mining the
platinum is a requirement to landscape the mining site at the end of its estimated life of ten years. The
present value of this cost at the date of the purchase was calculated at $3 million (in addition to the
purchase price of the mine of $5 million).
Also on 1 October 2008 Crosswire revalued its freehold land for the first time. The credit in the revaluation
reserve is the net amount of the revaluation after a transfer to deferred tax on the gain. The tax rate applicable to Crosswire for deferred tax is 20% per annum.
On 1 April 2009 Crosswire took out a finance lease for some new plant. The fair value of the plant was
$10 million. The lease agreement provided for an initial payment on 1 April 2009 of $2·4 million followed
by eight six-monthly payments of $1·2 million commencing 30 September 2009.
Plant disposed of during the year had a carrying amount of $500,000 and was sold for $1·2 million. The
remaining movement on the property, plant and equipment, after charging depreciation of $3 million, was
the cost of replacing plant.
(ii) From 1 October 2008 to 31 March 2009 a further $500,000 was spent completing the development
project at which date marketing and production started. The sales of the new product proved disappointing
and on 30 September 2009 the development costs were written down to $1 million via an impairment
charge.
(iii) During the year ended 30 September 2009, $4 million of the 10% convertible loan notes matured. The
loan note holders had the option of redemption at par in cash or to exchange them for equity shares on the
basis of 20 new shares for each $100 of loan notes. 75% of the loan-note holders chose the equity option.
Ignore any effect of this on the other equity reserve.
All the above items have been treated correctly according to International Financial Reporting Standards.
(iv) The finance costs are made up of:
Required:
(i) Prepare a statement of the movements in the carrying amount of Crosswire’s non-current assets for the
year ended 30 September 2009; (9 marks)
(ii) Calculate the amounts that would appear under the headings of ‘cash flows from investing activities’
and ‘cash flows from financing activities’ in the statement of cash flows for Crosswire for the year ended
30 September 2009.
Note: Crosswire includes finance costs paid as a financing activity. (8 marks)
(b) A substantial shareholder has written to the directors of Crosswire expressing particular concern over the
deterioration of the company’s return on capital employed (ROCE)
Required:
Calculate Crosswire’s ROCE for the two years ended 30 September 2008 and 2009 and comment on the
apparent cause of its deterioration.
Note: ROCE should be taken as profit before interest on long-term borrowings and tax as a percentage of equity plus loan notes and finance lease obligations (at the year end). (8 marks)
第2题:
A. reset of the primary supervisor
B. manual switchover from standby to active supervisor
C. manual switchover from active to standby supervisor
D. automatic switchover from active to standby on primary supervisor failure
第3题:
第4题:
第5题:
第6题:
What is the correct relative switching priority in a BLSR ring (higher to lower)?()
第7题:
As a network administrator, you have configured a Catalyst 6500 Series Switch with redundant supervisor engine in a CIS network. What is the result of issuing the redundancy force-switchover command on that switch?()
第8题:
What will happen if you issue the redundancy force-switchover command on a Catalyst 6500Series Switch with redundant supervisor modules?()
第9题:
To view the results of a manual SQL Tuning Advisor task, which steps should the DBA take?()
第10题:
The staff should give the() a manual search.
第11题:
第12题:
Wait-to-Restore,Forced Switch,Manual Switch,Lockout of Protection
Manual Switch,Wait-to-Restore,Lockout of Protection,Forced Switch
Lockout of Protection,Forced Switch, Manual Switch,Wait-to-Restore
Lockout of Protection,Manual Switch, Forced Switch,Wait-to-Restore
Wait-to-Restore,Manual Switch,Forced Switch,Lockout of Protection
Wait-to-Restore,Manual Switch,Lockout of Protection,Forced Switch
第13题:
(a) The following figures have been calculated from the financial statements (including comparatives) of Barstead for
the year ended 30 September 2009:
increase in profit after taxation 80%
increase in (basic) earnings per share 5%
increase in diluted earnings per share 2%
Required:
Explain why the three measures of earnings (profit) growth for the same company over the same period can
give apparently differing impressions. (4 marks)
(b) The profit after tax for Barstead for the year ended 30 September 2009 was $15 million. At 1 October 2008 the company had in issue 36 million equity shares and a $10 million 8% convertible loan note. The loan note will mature in 2010 and will be redeemed at par or converted to equity shares on the basis of 25 shares for each $100 of loan note at the loan-note holders’ option. On 1 January 2009 Barstead made a fully subscribed rights issue of one new share for every four shares held at a price of $2·80 each. The market price of the equity shares of Barstead immediately before the issue was $3·80. The earnings per share (EPS) reported for the year ended 30 September 2008 was 35 cents.
Barstead’s income tax rate is 25%.
Required:
Calculate the (basic) EPS figure for Barstead (including comparatives) and the diluted EPS (comparatives not required) that would be disclosed for the year ended 30 September 2009. (6 marks)
第14题:
A. reset of the primary supervisor
B. manual switchover from standby to active supervisor
C. manual switchover from active to standby supervisor
D. automatic switchover from active to standby on primary supervisor failure
第15题:
第16题:
第17题:
What will happen if you issue the redundancy force-switchover command on a Catalyst 6500 SeriesSwitch with redundant supervisor modules? ()
第18题:
In which of the following lists of APS Action Requests is the priority correctly arranged from lowest tohighest?()
第19题:
What is the correct relative switching priority in an MS-SPRing ring (higher to lower)? ()
第20题:
To view the results of a manual SQL Tuning Advisor task, which steps should the DBA take?()
第21题:
You work in a company which uses SQL Server 2008. You are the administrator of the company database. Now you are in charge of a SQL Server 2008 cluster. According to the company requirement, the failover response of the cluster has to be tested. The company assigns this task to you. On the cluster, you have to implement a manual failover. What should you do? ()
第22题:
signal fail, signal degrade, manual switch
signal degrade, signal fail, manual switch
protection lockout, manual switch, path AIS
forced switch, manual switch, signal degrade
protection lockout, manual switch, forced switch
第23题:
the International Convention for the Safety of the Life at Sea
the International Convention for the Prevention from ships
the International Convention on control of harmful anti-fouling system on ships
the International Convention for the Control and Management of Ship’s Ballast Water and Sediments