Cima 2cram all F1 Test Inside Cima Questions by Lois q18 vce pdf

Page: 6 / 18

Exam Name:	Financial Reporting
Exam Code:	F1 Dumps
Vendor:	CIMA	Certification:	CIMA Operational
Questions:	248 Q&A's	Shared By:	lois

Question 24

AB has been asked to analyze the receivables days of an entity with a view to improving the working capital cycle.

The following results have been produced for receivable days:

Questions 24

Which of the following is NOT an explanation of why the days have increased?

Options:

The entity has increased turnover for year ended 31 December 20X2 by offering extended credit terms.

The entity has made substantial sales to overseas entities in the last few months of the year ended 31 December 20X2.

The entity has transferred all receivables collections to a factoring agency during 20X2.

An inexperienced credit controller was employed in the last few months of year ended 31 December and requires substantial training.

Discussion

Question 25

CDE has been offering its customers a 50-day credit period, but now wants to improve its cash flow.

CDE is proposing to offer a 2% discount for payment in 20 days. "

Assume a 365-day year and an invoice value of $100

Which of the following is the effective annual interest rate CDE will incur for this action?

Options:

27.9%

44.6%

15.9%

49.8%

Discussion

Question 26

Which of the following is a feature of a direct tax?

Options:

The formal incidence and effective incidence are usually the same.

It is levied on one part of the economy with the intention that it will be passed on to another.

It is not levied on the eventual payer of the tax.

It cannot be related to the individual circumstances of the tax payer.

Discussion

Question 27

Below are extracts from LLL's financial statements for the year ended 31 December 20X2.

Questions 27

Depreciation of $25,000 was charged on properly, plant and equipment in the year and there were no disposals

What is the cash generated from operations for inclusion in LLL's statement of cash flows for the year ended 31 December 20X2?

Options:

$355 000

$390,000

$415,000

$435,000

Discussion

Stefan

Thank you so much Cramkey I passed my exam today due to your highly up to date dumps.

Ocean Aug 31, 2024

Agree….Cramkey Dumps are constantly updated based on changes in the exams. They also have a team of experts who regularly review the materials to ensure their accuracy and relevance. This way, you can be sure you're studying the most up-to-date information available.

Mariam

Do anyone think Cramkey questions can help improve exam scores?

Katie Nov 2, 2024

Absolutely! Many people have reported improved scores after using Cramkey Dumps, and there are also success stories of people passing exams on the first try. I already passed this exam. I confirmed above questions were in exam.

Ella-Rose

Amazing website with excellent Dumps. I passed my exam and secured excellent marks!!!

Alisha Aug 17, 2024

Extremely accurate. They constantly update their materials with the latest exam questions and answers, so you can be confident that what you're studying is up-to-date.

Victoria

Hey, guess what? I passed the certification exam! I couldn't have done it without Cramkey Dumps.

Isabel Sep 21, 2024

Same here! I was so surprised when I saw that almost all the questions on the exam were exactly what I found in their study materials.

Carson

Yeah, definitely. I would definitely recommend Cramkey Dumps to anyone who is preparing for an exam.

Rufus Aug 20, 2024

Me too. They're a lifesaver!

Page: 6 / 18

Title

Questions

Posted