ACCA《财务会计》真题及答案.doc

ACCA《财务会计》真题及答案.docACCA《财务会计》真题及答案

　　在2016年ACCA考试之际，yjbys我为大家分享的是ACCA《财务会计》的真题及答案，希望能帮助到大家!

　　Question:

　　Cronin Auto Retail CAR is a car dealer that sells used cars bought at auctions by its experienced team of buyers. Every car for sale is less than two years old and has a full service
history. The company concentrates on small family cars and, at any one time, there are about 120 on display at its purpose-built premises. The premises were acquired five years ago on a 25 year
lease and they include a workshop, a small cafe and a children’s playroom. All vehicles are selected by one of five experienced buyers who attend auctions throughout the country. Each
attendance costs CAR about $500 per day in staff and travelling costs and usually leads to the purchase of five cars. On average, each car costs CAR $10,000 and is sold to the customer for
$12,000. The company has a good sales and profitability record, although a recent economic recession has led the managing director to question ‘whether we are selling the right type of cars.
Recently, I wonder if we have been buying cars that our team of buyers would like to drive, not what our customers want to buy?’ However, the personal selection of quality cars has been an
important part of CAR’s business model and it is stressed in their marketing literature and website.

　　Sales records show that 90% of all sales are to customers who live within two hours’ drive of CAR’s base. This is to be expected as there are many competitors and most customers want to buy
from a garage that they can easily return the car to if it needs inspection, a service or repair. Consequently, CAR concentrates on display advertising in newspapers in this geographical area.
It also has a customer database containing the records of people who have bought cars in the last three years. All customers receive a regular mail-shot, listing the cars for sale and
highlighting any special offers or promotions. The company has a website whe