[简答题]Sam Company Ltd. produces a range of products and absorbs production overhead using a rate of 168% on direct wages. The absorption rate was calculated from following budgeted figures:
＄
Direct wages 100,000
Fixed production overhead 90,000
Variable production overhead 78,000
Sam is making component W, which is an essential part of product M. The cost of making component W is as follows:
＄
Raw material 10
Direct wages 8
[简答题]Marange Steelmakers Ltd is a public company which is duly registered and is operating in terms of the laws of Zimbabwe. It is a construction company whose registered address is in Harare. It started as a private limited liability company, which converted into a public company in 2005. It was registered on the Zimbabwe Stock Exchange in February 2006 after launching a very successful Initial Public Offer (IPO) to the investing public.
Between 2006 and 2009 the company only made modest profits and did not declare a dividend. However, for the 2010 financial year the company made a massive profit after tax of $100 million and the directors decided to put aside $70 million to boost reserves and $30 million for dividends.
The majority of the shareholders were extremely unhappy over this development and at the Annual General Meeting which was held in April 2010, they decided to reallocate half of the profits after tax ($50 million) towards dividends and the other half ($50 million) towards
[填空题]
SIMON BROTHERS’ COMPANY LIMITED
232 Lincosin
Road, Boston, MA 01256 U. S. A
Contract No. 1354
Date: December 23,2002
Contract
Simon Brothers’ Company Limited the employer, hereby
employs Hu chang chun, the employee, to perform duties as stated below, in
consideration for which the employer Will pay the employee at the rate of U. S.
$2 000 per month and, in addition, compensate him for any other expenses
incurred by him when he is carrying out his duties.
In keeping
with the above-mentioned remuneraton, the employee shall agree to carry out the
following duties, to negotiate with Chinese authorities about the cooperation
between Simon’s group and China: to arrange for the visits of John Simon,
[填空题]What kind of company is Philips & Henderson Ltd.
______ of silk cloth.
[简答题]Flametree Pte Ltd, a company producing local movies, entered into a contract with actress, Suzi Wong. Under the terms of the contract, Suzi Wong agreed to play the lead female role and Flametree Pte Ltd agreed to pay her $150,000, with payments being made in weekly instalments over five weeks of filming. Filming began on 1 November 2007 but within a week, Suzi Wong’s contract was terminated and a younger actress was found to replace her. Suzi Wong now wishes either to get back her job as the lead actress or alternatively, to claim $30,000 for the work already done.
Required:
Advise Suzi Wong as to her remedies. (10 marks)
[简答题]Khudu Ltd is a company that renovates dwelling houses. The board of directors of Khudu Ltd consists of fi ve members. Thato, one of the directors, takes care of the actual day-to-day running of the business. Thato then simply reports back to the board on the business he has transacted. Thato refers to himself as the managing director of Khudu Ltd, although he has never been offi cially appointed as such. Thato is assisted in the running of the business by Pinkie, Khudu Ltd’s company secretary.
Six months ago Thato entered into a contract on Khudu Ltd’s behalf with Dudu to produce plans for the renovation of a house that it hoped to acquire. However, Khudu Ltd did not acquire the house and due to its current precarious financial position, the board of directors has refused to pay Dudu, claiming that Thato did not have the necessary authority to enter into the contract with him.
The board is also refusing to complete a contract with Ayanda for the supply of a new cement mixer Pinki
[简答题]Property Ltd is a company, which was incorporated in Hong Kong two years ago and adopts the current version of Table A of the Companies Ordinance (Cap 32) as its articles of association. The company does not state its object in its memorandum of association. The company now mainly engages in the car retailing business.
Elton is a minority shareholder of the company. Recently, he heard from other shareholders that the board of directors intends to pass a resolution to widen the scope of business of the company by making investment in the real property market. The purpose of the resolution is to increase the source of income and hence the profit of the company.
Elton and some other shareholders are not comfortable with such a decision of the board.
Required:
Advise Elton on the following:
(a) Whether he can commence a legal action to stop the board from exercising its power to pass the resolution. (6 marks)
[简答题]ABC Ltd is a company running a computer retailing business. Recently, a bank has offered to advance to the company a sum of money by way of a charge.
The charge demands the company to use all the computer stock of the company as security for repayment. The charge document also provides that the charge will be crystallised if the total liabilities of the company should exceed HK$5 million.
Required:
In relation to the loan capital of a company:
Advise the company as to the nature of the charge and the consequence if the liabilities of the company should exceed HK$5 million. (10 marks)
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Sky Systems Ltd: Website Directory- A. Company History
- B. Company Organisation
- C. Annual Report
- D. Company Goals
- E. Product Information
- F. Retail Outlets
- G. Customer Complaints
- H. Latest News
Adam Smith is not satisfied with some goods he bought.
