Everyone, let’s work on question 36-2: multiple-choice questions 53-54 from the 2015 First-Class Constructor Examination in Engineering Economics; there will be a reward for those who answer correctly

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This post was last edited by Desert Fish on 2015-11-1 07:59. Those who come to do exercises on Sundays are really great people! ! I have gathered some questions from this year’s First-Class Constructor exam, along with their answers. I’m sharing them here to boost everyone’s interest in participating. Instead of posting them all at once, I’ll present a few multiple-choice questions or one case study at a time, with the answers hidden. The answer will be visible after responding. Everyone is welcome to participate; the moderator will give rewards for correct answers. ****************************************** 52. The steps included in engineering cost accounting are: ① Calculating and allocating various production costs ； ②Determine the cost accounting objects, establish cost accounting accounts, and set up cost detail accounts ； ③Calculate annual contract costs ； ④Calculate the ending project cost ； ⑤To prepare the final cost settlement for a unit project, the correct accounting procedure is as follows. A.①②③④⑤ B.①②④③⑤ C.②①④③⑤ D.②③①④⑤【Answer】C【Expert Explanation】This question tests the procedures for accounting in project costs. It is quite clear that it is necessary to determine the cost accounting objects and the relationship between the accounting and allocation of various production costs; without cost objects, it is impossible to account for production costs. Therefore, 2 comes first and 1 comes second, which rules out options A and B. Similarly, costs must be calculated first before the annual contract costs can be computed at the end of the year; therefore, 3 comes after 1, so D is excluded. See textbook P105-107. 53. A company has a current ratio of 3.2 and a quick ratio of 1.5. The average current ratio and quick ratio for this industry are 3 and 2 respectively. Which of the following statements regarding the company’s current assets and its ability to meet debts is correct? A. The company has strong debt repayment capacity. B. The proportion of inventory among the company’s current assets is too high. C. The proportion of notes receivable and accounts receivable in the company is high. D. The proportion of cash among the company’s current assets is high. Answer: B 【Expert Explanation】The quick ratio of this company does not meet the industry average; its current ratio is at the industry average level, but only slightly above it. Therefore, statement A is incorrect. The reason for the low current ratio is the small amount of current assets; given that fixed assets are already taken into account, it is only an excess of inventory that can lead to a low level of current assets. Therefore, statement B is correct.