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Final Exam Answer Booklet - Cover Sheet
Final Exam Answer Booklet - Cover Sheet
ANSWER BOOKLET
At the end of the examination, you are required to upload this Answer Booklet file to eLearn ‘Final
Examination Turnitin’ folder. It is your responsibility to ensure that this Answer Booklet is submitted
before the end of the stipulated time.
Before proceeding with the exam, you are required to affirm the following statement by keying in your
name and Student I.D. No. in the boxes provided.
STUDENT’S DECLARATION
1. I hereby declare that the answers in this booklet is based on my own work and they have not
been copied from any sources.
2. I also declare that this work has not been previously submitted or concurrently submitted for
any other courses in Sunway University/College or other institutions.
3. I affirm that I have had no conversation regarding this exam with any persons other than the
invigilator and other authorized persons.
4. I am aware of the serious consequences that result from improper discussions with others or
from the improper inclusion of work that is not my own.
Questio Answer
n No.
0. A
1.1 A
1.2 C
1.3 A
1.4 D
1.5 D
1.6 A
1.7 A
1.8 C
Answer to SECTION B: Question 1a (LEAVE BLANK IF YOU CHOOSE NOT TO ANSWER THIS QUESTION) Examiner’s
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Jacklyn Bhd.
Cash budget for the quarter ending March 30, 2022 (Jan, Feb, March)
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Revenue: cash 368,000
: credit 120,000
Total cash receipts 492,000
Cash payment:
Supplier 57,600
Overhead costs 148,800
Direct wages 48,000
Total cash payment 254,400
Surplus for the quarter 237,600
Balance 241,600
Jacklyn Bhd.
Cash budget for the quarter ending June 30, 2022 (April, May, June)
RM
Balance b/f 241,600
Cash receipts:
Revenue: cash 360,000
Revenue: credit 180,000
Total cash receipts 540,000
Cash payments:
Supplier 86,400
Overhead costs 223,200
Direct wages 96,000
Total cash payment 405,600
Surplus for the quarter 134,400
Balance 376,000
Answer to SECTION B: Question 1b (LEAVE BLANK IF YOU CHOOSE NOT TO ANSWER THIS QUESTION) Examiner’s
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Answer to SECTION B: Question 1c (LEAVE BLANK IF YOU CHOOSE NOT TO ANSWER THIS QUESTION) Examiner’s
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The business goals and policies are misunderstood, and it led to inaccurate perception may
applied due to miscommunication. In addition, the business’s resources allocation will cause
conflict because each department will have their own goals and policies to achieve it.
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Answer to SECTION B: Question 2a (LEAVE BLANK IF YOU CHOOSE NOT TO ANSWER THIS QUESTION) Examiner’s
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Answer to SECTION B: Question 2b (LEAVE BLANK IF YOU CHOOSE NOT TO ANSWER THIS QUESTION) Examiner’s
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Answer to SECTION B: Question 2c (LEAVE BLANK IF YOU CHOOSE NOT TO ANSWER THIS QUESTION) Examiner’s
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Answer to SECTION B: Question 2d (LEAVE BLANK IF YOU CHOOSE NOT TO ANSWER THIS QUESTION) Examiner’s
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Answer to SECTION B: Question 3a (LEAVE BLANK IF YOU CHOOSE NOT TO ANSWER THIS QUESTION) Examiner’s
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Syngonium Bhd.
Income Statement for the year ended 31 December
Syngonium Bhd.
Statement of Financial Position as at 31 December
2021 2020 Change
RM RM %
ASSETS
Non-current assets
Property, plant & equipment 3,900,000 3,100,000 25.81
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Current assets
Inventory 700,000 600,000 16.67
Bank balance 233,000 235,000 -0.85
Accounts receivable 450,000 700,000 -35.71
Other receivables 170,000 245,000 -30.61
Short-term investments 234,000 240,000 -2.5
Total assets 5,687,000 5,120,000 11.07
EQUITY & LIABILITIES
Equity
Share capital 682,000 682,000 0
Net Profit 3,490,000 3,398,000 2.71
Non-current liabilities
Long term liabilities 1,170,000 745,000 57.05
Current liabilities
Accounts payable 345,000 295,000 16.95
5,687,000 5,120,000 11.07
Answer to SECTION B: Question 3b (LEAVE BLANK IF YOU CHOOSE NOT TO ANSWER THIS QUESTION) Examiner’s
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For the brief comment in income statement, the profit has increased due to increased in
revenue and income. When the company moving towards automated from labour-
intensive, it may lead to decrease in administrative cost. Purchases has remained
unchanged where it could give the company the number of purchases increase, but when
the supplier give a discount to the company, the cost will remain unchanged.
In addition, the statement of financial position decrease because in the investment could
be an increase in income from investment as the company may sold half of their
investment and gaining their income from it. When increase in equipment, the non-
current assets also increase which lead to increase in the revenue. In addition, when
account receivable decreased, the company may stop offering their credit sales. When
the company increase in cash but decrease in trade receivable, it means that the company
may sold their cash rather that credit. There is very huge increase difference in salaries
payable because the administration costs have been reduced. When the company have
lay-off its workers, it may increase in salaries payable.
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Answer to SECTION B: Question 3c (LEAVE BLANK IF YOU CHOOSE NOT TO ANSWER THIS QUESTION) Examiner’s
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The uses of financial statement are it is used by internal and stakeholders to assess their
business performance. In another word, to create a balance sheet, the financial
accounting may call the companies for it. Financial statement also includes balance
sheet, cash flow, and income statement. Financial statement also can be used by investor
and market analysis. When we wanted to analyse the financial statement, horizontal and
vertical analysis are the techniques can be used.
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