(b) On 1 April 2004 Volcan introduced a ‘reward scheme’ for its customers. The main elements of the rewardscheme include the awarding of a ‘store point’ to customers’ loyalty cards for every $1 spent, with extra pointsbeing given for the purchase of each week’s special offers. Customers who hold a loyalty card can convert theirpoints into cash discounts against future purchases on the basis of $1 per 100 points. (6 marks)Required:For each of the above issues:(i) comment on the matters that you should consider; and(ii) state the audit evidence that you should expect to find,in undertaking your review of the audit working papers and financial statements of Volcan for the year ended31 March 2005.NOTE: The mark allocation is shown against each of the three issues.
(b) On 1 April 2004 Volcan introduced a ‘reward scheme’ for its customers. The main elements of the reward
scheme include the awarding of a ‘store point’ to customers’ loyalty cards for every $1 spent, with extra points
being given for the purchase of each week’s special offers. Customers who hold a loyalty card can convert their
points into cash discounts against future purchases on the basis of $1 per 100 points. (6 marks)
Required:
For each of the above issues:
(i) comment on the matters that you should consider; and
(ii) state the audit evidence that you should expect to find,
in undertaking your review of the audit working papers and financial statements of Volcan for the year ended
31 March 2005.
NOTE: The mark allocation is shown against each of the three issues.
相关考题：
In a contract, the point of total assumption refers to the point where:A . The customer incurs the total financial responsibility for each additional dollar spent.B . The contractor incurs the total financial responsiblity for each dollar spent.C . The schedule and cost variance are zero.D . The customer will incur no further costs for the work the contractor performs in the completion of the contract.E . B and D only.
73 In a contract, the point of total assumption refers to the point where:A. The customer incurs the total financial responsibility for each additional dollar spent.B. The contractor incurs the total financial responsiblity for each dollar spent.C. The schedule and cost variance are zero.D. The customer will incur no further costs for the work the contractor performs in the completion of the contract.E. B and D only
3 You are the manager responsible for the audit of Volcan, a long-established limited liability company. Volcan operatesa national supermarket chain of 23 stores, five of which are in the capital city, Urvina. All the stores are managed inthe same way with purchases being made through Volcan’s central buying department and product pricing, marketing,advertising and human resources policies being decided centrally. The draft financial statements for the year ended31 March 2005 show revenue of $303 million (2004 – $282 million), profit before taxation of $9·5 million (2004– $7·3 million) and total assets of $178 million (2004 – $173 million).The following issues arising during the final audit have been noted on a schedule of points for your attention:(a) On 1 May 2005, Volcan announced its intention to downsize one of the stores in Urvina from a supermarket toa ‘City Metro’ in response to a significant decline in the demand for supermarket-style. shopping in the capital.The store will be closed throughout June, re-opening on 1 July 2005. Goodwill of $5·5 million was recognisedthree years ago when this store, together with two others, was bought from a national competitor. It is Volcan’spolicy to write off goodwill over five years. (7 marks)Required:For each of the above issues:(i) comment on the matters that you should consider; and(ii) state the audit evidence that you should expect to find,in undertaking your review of the audit working papers and financial statements of Volcan for the year ended31 March 2005.NOTE: The mark allocation is shown against each of the three issues.
(c) In October 2004, Volcan commenced the development of a site in a valley of ‘outstanding natural beauty’ onwhich to build a retail ‘megastore’ and warehouse in late 2005. Local government planning permission for thedevelopment, which was received in April 2005, requires that three 100-year-old trees within the valley bepreserved and the surrounding valley be restored in 2006. Additions to property, plant and equipment duringthe year include $4·4 million for the estimated cost of site restoration. This estimate includes a provision of$0·4 million for the relocation of the 100-year-old trees.In March 2005 the trees were chopped down to make way for a car park. A fine of $20,000 per tree was paidto the local government in May 2005. (7 marks)Required:For each of the above issues:(i) comment on the matters that you should consider; and(ii) state the audit evidence that you should expect to find,in undertaking your review of the audit working papers and financial statements of Volcan for the year ended31 March 2005.NOTE: The mark allocation is shown against each of the three issues.
下面程序的输出结果是【】。include include class point{double x; double y; 下面程序的输出结果是【 】。include ＜iostream.h＞include ＜math.h＞class point{double x;double y;public:point(double a, double b){x=a;y=b;}friend double distance(point a, point b) ;};double distance(point a, point b){return sqrt ((a. x-b.x) * (a. x-b.x)+ (a. y-b. y) * (a. y-b. y) );}void main(){point p1(1,2);point p2(5,2);cout＜＜distance(p1,p2)＜＜end1;}
有以下程序: include point ( char * p) {p ＋ = 3; }main( ) char b[4] = {'a','b','c 有以下程序： #include ＜stdio.h＞point ( char * p) { p + = 3; }main( ) char b[4] = {'a','b','c','d'} , *p=b; point(p); printf( "% c \n" , * p);A．aB．bC．cD．d
下面程序的输出结果是【】。 inclde include using namespace std; class point { 下面程序的输出结果是【 】。inclde＜iostreamn＞include＜math＞using namespace std；class point{private：double x；double y；public：point(double a，double b){x=a；y=b；}friend double distance(point a,point b)；}；double distance(point a，point b){return sqrt((a.x-b.x)*(a.x-b.x)+(a.y-b.y)*(a.y-b.y))；}int main(){point p1(1，2)；point p2(5，2)；cout＜＜distalice(p1，p2)＜＜endl；return 0；}
有如下程序: include using namespace std; class Point{ int x, y; public: Point(i 有如下程序：#include＜iostream＞using namespace std;class Point{int x, y;public:Point(int x1=0, int y1=0):x(x1), y(y1){}int get(){return x+y;)};class Circle{Point center;int radius;public:Circle(int CX, int cy, int r):center(cx, cy), radius(r){}int get(){return center. get()+radius;}}；int main(){circle c(3, 4, 5);cout＜＜c. get()＜＜end1;return ():}运行时的输出结果是( )。A) 5B) 7C) 9D) 12A．B．C．D．
有以下程序: include using namespace std; class Point' { public: void SetPoint( 有以下程序： #include ＜iostream＞ using namespace std; class Point' { public: void SetPoint(int x,int y); void Move(int xOff,int yOff); int GetX() { return X; } int GetY() { return Y; } private: int X,Y; }; void Point::SetPoint(int x, int y) { X=x; Y=y; } void Point: :Move(int xOff, int yOff) X+=xOff; Y+=yOff; } int main () { Point p1; p1.SetPoint(1,2); p1.Move (5, 6); cout＜＜"Point1 is ("＜＜p1.GetX()＜＜','＜＜p1.GetY()＜＜")"＜＜end1; return 0; } 执行后的输出结果是( )。A．Point1 is (6,8)B．Point1 is (1,2)C．Point1 is (5,6)D．Point1 is (4,4)
下面程序的输出结果是()。includeincludeusing namespace std;class point{p 下面程序的输出结果是( )。 #include＜iostream＞ #include＜math.h＞ using namespace std; class point { private: double x; double y; public: point(double a,double b) { x=a; y=b; } friend double distances(point a,point b); }; double distances(point a,point b) { return sqrt((a.x-b.x)*(a.x-b.x)+(a.y-b.y)*(a.y-b.y)); } int main() { point p1(1,2); point p2(5,2); cout＜＜distances(p1,p2)＜＜end1; return 0; }A．2B．4C．8D．16
下列程序的执行结果为【 】。include class Point{public:Point(double i, double j) 下列程序的执行结果为【 】。include ＜iostream. h＞class Point{public:Point(double i, double j) { x=i; y=j;}double Area() const { return 0.0;}private:double x, y;};class Rectangle: public Point{public:Rectangle(double i, double j, double k, double 1)double Area() const {return w * h;}private:double w, h;};Rectangle: :Rectangle(double i, double j, double k. double 1): Point(i,j).{w=k, h=1}void fun(Point s){cout＜＜s. Area()＜＜end1;}void main( ){Rectangle rec(3.0, 5.2, 15.0. 25.0);fun(rec)}
有如下程序:include using namespace std;class point{int x, y;public:point( int v 有如下程序：#include ＜iostream＞using namespace std;class point{ int x, y;public: point( int vx, int vy ) { X=vx; y=vy; } point() { x=0; y=0; } point operator+ ( point p1 ) { point p; int px = x + p1.x; int py = y+ p1.y; return point( px, py ); } point operator-( point p1 { point p; int px = x - p1.x; int py = y - p1.y; return point( px, py ); } void print() { cout＜＜x＜＜","＜＜y＜＜end1; }};int main(){ point p1( 10, 10 ), p2( 20, 20 ); p1 = p1 + p2; p1.print(); return ();}执行后的输出结果是( )。A．10, 10B．20, 20C．10, 20D．30, 30
有以下程序:include include using namespace std;class point{private:doubl 有以下程序：#include ＜iostream＞#include ＜math＞using namespace std;class point{private: double x; double y;public: point(double a, double b { x=a; y=b; friend double distance (point a, point b ; };double distance(point a, point b return sqrt((a. x-b. x )*(a. x -b. x )+ (a. x -b. x)*(a. x-b. x));}int main (){ point p1 (1,2); point p2(5,2); cout＜＜distance (p1, p2)＜＜end1; return 0;} 程序运行后的输出结果是A．1B．5C．4D．6
有以下程序:include include using namespace std;class point{private: doub 有以下程序： #include ＜iostream＞ #include ＜math＞ using namespace std; class point { private: double x; double y; public: point(double a,double b) { x=a; y=b; } friend double distance(point a,point b) ; }; double distance(point a,point b) { return sqrt ((a.x-b.x)* (a.x-b.x)+(a.y-b.y)*(a.y-b.y)); } int main ( ) { point pl(1,2); point p2 (5, 2); cout＜＜distance (pl,p2) ＜＜end1; return 0; } 程序运行后的输出结果是( )。A．1B．5C．4D．6
有如下程序: include using namespace std; class point {int x,y; public:point( i 有如下程序： #include ＜iostream＞ using namespace std; class point { int x, y; public: point( int vx, int vy ) { x = vx; y = vy; } point ( ) { x = 0; y = 0; } point operator+( point pl ) { point p; int px = x + p1.x; int py = y + p1.y; return point( px, py ); } point operator-( point p1 ) { point p; int px = x - p1.x; int py = y - p1.y; return point( px, py ); } void print() { cout＜＜x＜＜", "＜＜y＜＜end1; } }; int main () { point pl ( 10, 10 ), p2 ( 20, 20 ); p1 = p1 + p2; p1.print (); return 0; } 执行后的输出结果是( )。A．10,10B．20,20C．10,20D．30,30
若有以下程序:include using namespace std;define PI 3.14class Point{private: in 若有以下程序： #include ＜iostream＞ using namespace std; #define PI 3.14 class Point { private: int x,y; public: Point(int a,int b) { x=a; y=b; } int getx() { return x; } int gety() { return y; } }; class Circle : public Point { private: int r; public: Circle(int a, int b,int c) :Point(a,b) { r=c; } int getr() { return r; } double area() { return PI*r*r; } }; int main() { Circle c1(5,7,10); cout＜＜c1.area()＜＜end1; return 0; } 程序执行后的输出结果是( )。A．314B．157C．78.5D．153.86
Cherry Blossom Co (Cherry) manufactures custom made furniture and its year end is 30 April. The company purchases its raw materials from a wide range of suppliers. Below is a description of Cherry’s purchasing system.When production supervisors require raw materials, they complete a requisition form. and this is submitted to the purchase ordering department. Requisition forms do not require authorisation and no reference is made to the current inventory levels of the materials being requested. Staff in the purchase ordering department use the requisitions to raise sequentially numbered purchase orders based on the approved suppliers list, which was last updated 24 months ago. The purchasing director authorises the orders prior to these being sent to the suppliers.When the goods are received, the warehouse department verifies the quantity to the suppliers despatch note and checks that the quality of the goods received are satisfactory. They complete a sequentially numbered goods received note (GRN) and send a copy of the GRN to the finance department.Purchase invoices are sent directly to the purchase ledger clerk, who stores them in a manual file until the end of each week. He then inputs them into the purchase ledger using batch controls and gives each invoice a unique number based on the supplier code. The invoices are reviewed and authorised for payment by the finance director, but the actual payment is only made 60 days after the invoice is input into the system.Required:In respect of the purchasing system of Cherry Blossom Co:(i) Identify and explain FIVE deficiencies; and(ii) Recommend a control to address each of these deficiencies.Note: The total marks will be split equally between each part.
Obviously, for a given fuel oil, its pour point is ______its cloud point.A.lower thanB.higher thanC.as same asD.better than
What is the Cisco goal regarding market share for each of the major markets that its products compete in?（）A、to be first in every market in whichcisco participatesB、to compete effectively in every market in whichcisco participatesC、to be in the top 1 percent in every market in whichcisco participatesD、to be No.1 or No.2 in every market in whichcisco participates
A company is planning to implement a B2C store and would like to recommend products to its customers according to their personal information （for example： age， gender， marital status）. Which WebSphere Commerce V5.6 function/feature could be used to implement this requirement？（）A、gift certificatesB、marketing campaignsC、merchandising associationsD、loyalty programs
单选题It can be inferred from the passage that the writer suggests companies shouldAattract the more profitable customers.Bpay equal attention to all the customers.Cincrease the investments in customer loyalty.Dfocus only on loyal customers.
单选题The high-tech corporate service provider produced a costing scheme in order toAfind out the most loyal customer.Breduce the investment in generating customer loyalty.Claunch a campaign to find out the potential customers.Dobserve the relationship between customer loyalty and profit.
单选题Obviously, for a given fuel oil, its pour point is （） its cloud point.Alower thanBhigher thanCas same asDbetter than
单选题Each of seven identical cards is numbered on one of its sides with a different integer from 1 to 7. The cards are turned over and then shuffled so that they are not in a predictable order. If two cards are selected at random without replacement, what is the probability that their sum is at least l1?A4/9B4/21C49/81D7/10E4/7
单选题What is the Cisco goal regarding market share for each of the major markets that its products compete in?（）Ato compete effectively in every market in whichcisco participatesBto be No.1 or No.2 in every market in whichcisco participatesCto be in the top 1 percent in every market in whichcisco participatesDto be first in every market in whichcisco participates