közgazdasági alapismeretek (üzleti gazdaságtan) angol · pdf...

Közgazdasági alapismeretek (üzleti gazdaságtan) középszint — írásbeli vizsga 0801 angol nyelven

Név: ........................................................... osztály:......

KÖZGAZDASÁGI ALAPISMERETEK

(ÜZLETI GAZDASÁGTAN) ANGOL NYELVEN

KÖZÉPSZINTŰ

ÍRÁSBELI VIZSGA

2009. május 22. 8:00

Az írásbeli vizsga időtartama: 180 perc

Pótlapok száma Tisztázati Piszkozati

OKTATÁSI ÉS KULTURÁLIS MINISZTÉRIUM

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Közgazdasági alapismeretek (üzleti gazdaságtan) angol nyelven — középszint Név: ........................................................... osztály:......

Important information

Dear Examinee,

We recommend that you read all the exercises before you start solving them. Read the instructions carefully and interpret the given information accurately. Make sure you think your answers through before you answer multiple choice questions. When answering accounting questions use the attached chart of accounts, if necessary.

When answering written questions you are allowed to use a non-programmable calculator and a ruler. Please make sure you write legibly, provide a clear and easy-to-follow layout for your answers, and correct any potential errors according to the rules. Write only into the spaces provided (left blank) for your answers. When calculation questions, make sure you write down the sub-calculations clearly. Please pay attention on handing in the documents without correction. Make the calculations using the provided measures on tax and expenses. We wish you all the best for an effective preparation and successful examination!



Multiple choice test and short answer questions 50 points Question 1 5 points Determine the balance line value of short term liabilities based on the given information. Value of material inventory HUF 2 000 000; deposit account for settling accounts HUF 18 000 000; Suppliers HUF 3 200 000; Payroll HUF 2 500 000; Investment and development loans HUF 3 000 000; term deposit HUF 4 000 000; retained earnings HUF 5 000 000; tax liabilities HUF 4 800 000; registered capital HUF 6 000 000; bills receivable HUF 500 000; amount of working capital loan HUF 1 000 000. Sum of short term liabilities: Question 2 8 points Are these statements True (T) or False (F)? Mark your answers with the letters T or F in the dotted space at the end of each line.

a) The macro environment affects the enterprise and its micro environment. …

b) Customers do not think that more expensive products are of better quality. …

c) The essence of the product concept is to convince consumers to buy more. …

d) Public opinion is one of the components of an enterprise. …

e) The essence of usefulness is that consumers select products that are of the most value to

them. …

f) Fluctuation is one of the attributes of service. …

g) Income is a factor of the economic environment. …

h) The sales concept leads from the market towards production. …

Question 3 6 points List the main characteristics of the types of enterprises listed below. List 3 characteristics for each. Corporation: ................................................................................................................................

......................................................................................................................................................

......................................................................................................................................................

Limited partnership: ...................................................................................................................

......................................................................................................................................................

......................................................................................................................................................



Question 4 6 points The statements below are inaccurate. Fill in the gaps with the appropriate premise to make them true. (The short definitions after the gaps will help you select the right premise). 1. The value of assets in the balance equals the sum of the equity and liabilities, if there are no …… ………(a main item of the balance is missing here). 2. Interest-bearing bonds with a term of 36 months bought at the time of flotation may be stated as securities under current assets, if the remaining term is less than …………..(a time interval is missing here). 3. An inventory only shows the value of the assets of the enterprise at a particular date, usually on December 31st (balance date), if…………………………………………………..(in the case of current accounts). 4. The data in the statistical lines can be summed up if the line ……….. ………………………(here the way in which the line was created is missing). 5. The regular business profit may be less than the operating profit, if ………………………………… (a profit category and its sign are missing here). 6. The value of an asset increases as a result of a certain economic event by the same amount as the value of a resource, if this is missing then… ……………………………..is not valid (an accounting control principle is missing here). Question 5 5 points Group the various inventories. Fill in the missing terms.

Purchased inventories ………………………

………………………….. Finished goods

………………………….. …………………………..

…………………………..

Question 6 5 points Write the categories of profit that the following profit/loss account lines refer to (primarily) into the empty boxes.

Net sales revenue Financial expenditures Changes in self-produced inventories Extraordinary income Dividends paid



Question 7 5 points Which are local and which are central state taxes in the list below? Name the types of taxes within the central state tax category. Write your answers on the dotted lines.

Local business tax: .............................................................................................................

Paid from the profit earned by the enterprise: ....................................................................

Tourism tax: .......................................................................................................................

Financial source to facilitate the provision of benefits to and the employment of

unemployed persons: ..........................................................................................................

Tax associated with the sales of products and services: .....................................................

Question 8 6 points

Data on the characteristic features of the population of Hungary Name 1990 2005 Change (%)

Population size (thousand persons)

10 375 10 096 97.3

Number of women per one thousand men (persons)

1 081 1 107 102.4

Population density (person/km2) 111.5 108.5 97.3 Live births (person/thousand residents)

12.1 9.4* 77.7

Ratio of men (%) 48.0 47.5 98.9 *2004 data a) Write the name of the concrete index number from the table next to the ratios

listed.

Distribution ratio: ..............................................................................................................

Dynamic ratio: ....................................................................................................................

Intensity ratio: ....................................................................................................................

b) Think about what kind of conclusions can be drawn from data in the table and write a short summary of the conclusions you have drawn (Write down at least two analytical statements embedded in complete sentences).



Question 9 4 points Underline the correct answers.

1. “The balance sheet is a statement that shows the property status of an enterprise at a given date.”

„The balance sheet is a statement that shows the value of the property status of an enterprise.”

a) Only the second statement is true. b) Only the first statement is true. c) Both statements are true. d) None of the statements are true.

2. The ultimate purpose of the profit/loss account is

a) to calculate profit after taxes. b) to calculate the balance sheet profit. c) to calculate profit before taxes. d) to calculate the amount of taxes due.

3. The trial balance contains

a) the turnover of opened accounts only. b) the turnover and balance of opened accounts. c) the balance of opened accounts only. d) the turnover and balance of accounts with balances.

4. The balances of which receipts are taken into account when preparing a balance sheet?

a) Assets, sources, and profit b) Assets, sources c) Assets, profit, d) Profit, sources



Questions requiring calculations, filling out documents and entering items into the book 50 points Question 1 10 points Select and fill out the appropriate documents for Kerámia Kft and Vevő Rt using the data listed below. Kerámia Kft (Budapest, 1223. Tulipán u. 2. Account no.: OTP 11756565 – 31313131 Tax number: 11245555-2-07, sales manager: Etelka Nagy) sold 100 pieces of vases, finished goods on May 5 of the current year for a price of HUF 3 200 per unit + 20% VAT to Vevő Rt (Pécs, 7626. Rózsafa u. 10. Account no.: Erste: 11655555-24242424 Tax number: 12124545-2-44, managing director authorized to sign: Miska Kis). Payment deadline: May 25; method of payment: transfer. VTSZ 1224



Question 2 4 points The following information is available on the tangible asset inventory of our enterprise:

The gross value of buildings: HUF 40 000 000; rate of straight-line depreciation is 2%. Activation: happened two years before the current year. Gross value of machines: HUF 34 000 000; planned residual value: HUF 2 000 000;

planned total performance: 250 000 hours; data of hours run this month: 2 shifts, 8 hours/shift, 23 working days.

Gross value of vehicles: HUF 16 000 000; amount of depreciation for one kilometre: HUF 60. Kilometres run in the reference period: 7500 kilometres. Calculate the amount of monthly depreciation for all three tangible assets.



Question 3 9 points Data available for a product of an enterprise

Month Material consumption

(kg)

Production (pcs)

Specific use of materials (kg/pcs)

January 120 000 …. 2.5 February .... 44 000 2.6 March 108 000 45 000 .…

a) Write down the method of calculation of the specific use of materials. Do not forget to mark the relevant units of measurement as well!

b) Calculate the missing items in the table.

c) Determine the percentage distribution of monthly material consumption in the first quarter.

Name the index number used.

d) Calculate the average specific use of materials for the quarter-year in mean value. Name the index number used.



Question 4 6 points The following data is available on the self-produced inventory of Bútor Kft (HUF)

Name Opening inventory

Taken into stock

Sales Closing inventory

Semi-finished goods 200 000 600 000 700 000

…………….

Finished goods 500 000 2 000 000

…………. 700 000

The opening inventory of unfinished production was HUF 100 000 and no changes occurred in the inventory by the end of the period.

a) Calculate the missing items in the table.

b) Calculate the amount of changes in self-produced inventories at the end of the period.

c) Write down how the changes in self-produced inventories affect the profit earned by the enterprise.



Question 5 6 points The gross salary of Tóbiás Okos for December 2005 (as during the rest of the year) was HUF 182 000. His advance liability towards his employer is HUF 10000/month. Rate of personal income tax in 2005: Tax base Rate of tax (%) 0 - 1 500 000 18 1 500 001 - 38 (Contributions: pension contribution 8.5%, healthcare insurance contribution: 4%, employee’s contribution: 1%.) Based on the above mentioned data, calculate the amount of money paid by the company to the bank account of Tóbiás Okos on 4 January 2006.



Question 6 15 points Enter the following business transactions into the book in a chronological order.

1. Gross amount of the raw material procurement account: HUF 3 000 000 (HUF 2 500 000 + HUF 500 000 VAT).

2. Construction of the factory building as per the invoice HUF 12 000 000 + 20%. 3. Sales revenue from the sales of finished goods during the period HUF 10 000 000 + 20%

VAT. Value of sales calculated at sales cost HUF 7 200 000. 4. Payment of investment supplier, where HUF 4 000 000 was financed from isolated own

funds, while the rest was financed from long term loans. 5. Activation of the factory building. 6. Amount of depreciation account for real property in the period: HUF 800 000. 7. Value of consumption of materials: HUF 2 200 000. 8. HUF 500 000 was transferred from our account for bank notifications and investment

loan payment. 9. One of our employers asked for an advance of HUF 30 000, that was paid from the cash-

desk after approval. 10. Bank notification for the transferring of HUF 4 100 000 wages payable.


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Közgazdasági alapismeretek (üzleti gazdaságtan) angol nyelven — középszint Név:................................................. osztály: .....

Chart of Accounts

1. Fixed assets 11. Intangible assets 12–15. Tangible assets 12. Real property 123. Buildings 129. Planned loss in value of real property 131. Technical equipment, machines, vehicles 139. Planned loss in value of technical equipment, machines, vehicles 14. Other equipment, fittings, vehicles 149. Loss in value of other equipment, fittings, vehicles 161. Unfinished investments 17–19 Financial assets 2. Inventories 21. Raw materials 22. Other materials 23. Unfinished and semi finished products 25. Finished products 3. Receivables, current assets, accruals and deferrals 31. Trade receivables (Customers) 32. Receivables from associated companies 33. Receivables from other related companies 34. Bills receivable 361. Receivables from employees 3611. Advances disbursed 362. Budgetary allocation demands 363. Fulfilment of budgetary allocation demands 37. Securities 38. Current assets 381. Cash 384. Settlement deposit 385. Isolated deposit accounts 389. Transit account 4. Sources 41. Equity 411. Registered capital 412. Capital reserve 413. Retained earnings 419. Balance sheet profit/loss 42. Provisions 43. Subordinated liabilities 44. Long-term liabilities 444. Investment loans 45-47. Short-term liabilities 451. Short-term credits 454. Accounts payable (Suppliers) 455. Investment suppliers 46. Taxes paid



461. Corporate taxes paid 462. Personal income taxes paid 463. Budget payables 464. Settlement of budget payables 466. Pre-charged value added tax 467. Value added tax payable 468. VAT financial settlement account 471. Payroll 473. Social security liabilities 479. Various short term liabilities 49. Settlement accounts 491. Opening balance sheet account 492. Closing balance sheet account 493. After tax profit account 5. Cost types 51. Material costs 52. Services rendered 53. Other services 54. Wage costs 55. Other staff benefits 56. Wage contributions 57. Depreciation 581. Changes in self-produced inventories 8. Costs of sales 81. Material-type costs 82. Staff costs 83. Depreciation 86. Other expenditures 87. Financial expenditures 88. Extraordinary expenditures 9. Sales revenues and income 91–93. Net sales revenue 96. Other income 97. Financial income 98. Extraordinary income



Topic Question number Maximum points

Points scored

Maximum points

awardable for the topic

Points scored in topic

Multiple choice test and short answer questions

1. 5

50

2. 8 3. 6 4. 6 5. 5 6. 5 7. 5 8. 6 9. 4

Questions requiring calculations, filling out documents and entering items into the book

1. 10

50

2. 4 3. 9 4. 6 5. 6 6. 15

Points of written examination 100 Correcting teacher Date: ................................. __________________________________________________________________________

Points scored /elért

pontszám

Points entered into programme /programba

beírt pontszám

Multiple choice test and short answer questions /Választást, rövid választ igénylő feladatok Questions requiring calculations, filling out documents and entering items into the book / Számítást, bizonylatkitöltést, könyvviteli tételszerkesztést igénylő feladatok

Correcting teacher/javító

tanár Notary/jegyző

Dátum /Date ................................. Dátum /Date .................................

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