ÉRETTSÉGI VIZSGA október 24

ÉRETTSÉGI VIZSGA ● 2006. október 24.

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KÖZGAZDASÁGI ALAPISMERETEK (ÜZLETI GAZDASÁGTAN) ANGOL NYELVEN THE BASICS OF ECONOMICS (BUSINESS ECONOMICS) 2006. október 24. 14:00

KÖZÉPSZINTŰ ÍRÁSBELI VIZSGA STANDARD LEVEL WRITTEN EXAMINATION Az írásbeli vizsga időtartama: 180 perc Duration of the written examination: 180 minutes Pótlapok száma / Number of additional pages Tisztázati / Final copies Piszkozati / Drafts

OKTATÁSI ÉS KULTURÁLIS MINISZTÉRIUM MINISTRY OF EDUCATION AND CULTURE

Közgazdasági alapismeretek angol nyelven (üzleti gazdaságtan)

középszint — írásbeli vizsga 0631

Közgazdasági alapismeretek (üzleti gazdaságtan) angol nyelven — középszint

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Important information Dear Examinee,

We suggest that you read through the whole test sheet before you start working on it. Make sure you read the questions attentively, and interpret them correctly. Please think your answers through before you answer test and multiple choice questions. When answering accounting questions, use the attached list of invoices if necessary. You are allowed to use a non-programmable calculator and a ruler. Please make sure that you write legibly, provide a clear and easy-to-follow layout for your answers, and correct any potential errors according to the rules. Write your answers in the space provided. Please make sure your sub-calculations are easy to follow. Value added tax is 20%. Good luck with your work!

írásbeli vizsga 0631

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Part 1 (50 points) Question 1 (5 points) Determine if the listed elements belong to the macro- or micro-environment. In the case of macro-environment, specify the group of factors as well. • Suppliers, Buyers, Financial institutions, Advertising agencies, .............................................................. • Economic growth, unemployment, .............................................................. • Change of population, distribution of age, family model, .............................................................. • Regulation of associations, code of ethics in advertising, .............................................................. • Using environmentally friendly components, using recyclable packaging, .............................................................. Question 2 (7 points) Data from ledger invoices Name of invoice

Balance (HUF) T K 12,000,000 5,600,000 1,400,000 3,000,000 896,000 2,430,000 780,000 5,630,000 430,000 650,000 -

Tangible assets Depreciation of tangible assets Negotiable securities Goods Finished products Assets Materials Clearing deposit Empties Semi-finished products

a) Calculate the value of the stocks. ........................................................................................................................................................ b) Group the listed stock elements: 1) .................................................................. • ........................................................... • ........................................................... • ...........................................................


2) ................................................................... • ........................................................... • ...........................................................

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Question 3 (6 points) During the following 1 year, we invest our free financial assets of 1,000,000 HUF by fixing it in a bank for 2 months. The interest rate in the first 8 months of the year is 9% per year, and in the following 4 months it is 12% per year. Does the annual interest earnings of the investment reach 100,000 HUF? Complete the calculations and the sentence with the missing relation sign. 1,000,000 HUF

x 1,0…........4 = ……………………………

1,061,363 HUF x .…………. = 1,104,242 HUF Interest earnings in examined period: ……………..HUF ………… 100,000 HUF Question 4 (8 points) The Company purchased a machine for 12,000,000 HUF + 20% value added tax on 1 May of the year under review, and the machine was put into operation on the same day. The planned residual value is 2,000,000 HUF. The production line was placed in a plant registered at the value of 6,000,000 HUF, and the starting up date for the plant is also1 May. The ordinary depreciation of the machine is calculated based on the rate of operation hours. The planned performance is 25, 000 operating hours, of which 2, 800 hours were performed in the first year, and 3, 500 operating hours in the following year. The time-proportionate deduction for the depreciation of the plant building is made monthly, the planned usage time is 20 years. Determine the method of calculating the planned depreciation accounted for as costs. You do not have to calculate the values. • In the year of activation.

•

In the year following the activation.

Question 5 (4 points) Underline four statements that are true for securities that are assets classified as liquid assets: Stocks, shares, interest-yielding securities. Within a year, the blocking period expires. Stocks, shares, interest-yielding securities, administered credit, fixed bank deposits. Stocks, shares, interest-yielding securities, administered credit, bank deposits. The aim of the business is durable income, control and influence. Stocks to be sold the following year. The aim of the business is realising stock market gain


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Question 6 (8 points) Compare the following forms of interviewing by writing two benefits and two disadvantages. • written interview – by post benefits: ...................................................................................................................................... disadvantages: ............................................................................................................................ • written interview – in a newspaper, on consumer packaging benefits: ...................................................................................................................................... disadvantages: ............................................................................................................................ • written interview - internet benefits: ...................................................................................................................................... disadvantages: ............................................................................................................................ • spoken interview – by telephone benefits: ...................................................................................................................................... disadvantages: ............................................................................................................................ Question 7 (12 points) A plant of our company produced 2,000 pieces of products in March 2006. 1,200,000 HUF worth of materials were used during production. The wage cost was 600,000 HUF, and wage contributions were calculated based on this. Choose from the following % values for wage contributions: 1%, 3%, 12.5%, 29% Operation costs were 600,000 HUF, of which 200,000 HUF were accounted for products. a) Underline the figures in the text above that are necessary to determine the production cost of the product. Determine the measurement unit of production cost. Measurement unit of production cost: .................................................... b) List three areas in which the enterprise makes use of the calculated production cost. • ............................................................................................... • ............................................................................................... • ............................................................................................... c) Name the document presenting the methods of calculation of production costs at entrepreneurs. ........................................................................................................................................................ d) Write down the method for the calculation of the net wages paid for production workers if there is no fixed deduction and the amount of advance payment on personal income tax is 150,000 HUF. ........................................................................................................................................................


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Part 2 (50 points) Question 1 (10 points) On 10 February 2006, Klára Kemenes, the cashier of our Company (name: Vasút Bt., address: 1075 Budapest, VII. Dob utca 23. I/4.), following the instructions of head accountant Etel Nemes, pays delivery employee Tamás Nagy (ID number: 2540701883) the sum of 151,150 HUF from the cash office. Tamás Nagy will forward this amount by post to Levente Lehel, to his address: 5900. Orosháza, Gyopárosi sétány 22. Fill in the vouchers for the given situation:


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Question 2 (10 points) The following information is available on the production activity of the enterprise: • Sales revenue is 6,230,000 HUF. • The stock of unfinished products at the beginning of the year was worth 320,000 HUF, and at the end of the year it was worth 460,000 HUF. • The stock of finished products at the beginning of the year was worth 410,000 HUF. • During the period, we sold half of the opening finished product stock, and the entire amount of finished products produced during the period. • During the period, the sum of costs incurred and accounted was 4 350 000 HUF. • Our financial investment resulted 1,240,000 HUF interest income, and 750,000 HUF yield on price. The annual interest on our credits was 670,000 HUF. • Our corporate tax (16%) payables after the advance payment of 360,000 HUF during the year, and after the declaration of income of 200,000 HUF, still indicates payables to be settled (there was no tax base correction). a) Calculate the trading profit.

b) Calculate the financial profit.

c) Calculate the actual amount of tax liability and the results before taxation.

d) Did the company have extraordinary profit? Please answer only with yes or no. ........................................................................................................................................................ e) Calculate the balance sheet profit/loss if we pay 1 500 000 HUF dividend to owners.


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Question 3 (5 points) Company data referring to sales Years Sold quantity (pieces) Product A Product B 4,000 5,000 2004 3,600 5,300 2005

Selling price per unit (HUF/piece) Product A Product B 550 560 580 540

Calculate the following changes in %: • change of sales turnover from 2004 to 2005.

•

The change of sales turnover without changing the sales prices

Question 4 (10 points ) Data on the change of headcount in our company Years Average number of employees (head) 21 – 30 31 – 40 41 – 50 51 – 60 years year years years 26 47 33 25 2001 32 47 39 23 2002 33 50 42 20 2003 29 48 41 18 2004 35 47 39 22 2005

Over 61 5 4 3 2 1

a) Complete the table above with a row or a column, where it is necessary. Give the type of the edited table. ............................................................................. b) Calculate the ratios for the change of employee headcount in time and insert the results in a statistical table. Calculations and statistical table:


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c) Evaluate in one sentence the change of employees in 2004 as compared to the headcount in 2001 and 2003. ........................................................................................................................................................ ........................................................................................................................................................


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Question 5 (15 points) a) Do the accounting entries for the following business transactions in chronological order. 1. The total accounted wage cost of the period is 9,000,000 HUF. The amount of wage contributions payable by the employer is 2,610,000 HUF, the employee was debited 1,125,000 HUF as payable contributions debt, and 2,760,000 HUF as advance on personal income tax. 2. The bank notified employees about the transfer of 5,115,000 HUF payable wage debt. 3. Materials purchase, the total of invoice is 7,680,000 HUF (6,400,000 + 1,280,000 VAT). 4. Machines purchase invoice, a total of 20,000,000 HUF + 20% VAT. 5. The settlement of the investment contractor is performed from a long-term loan. 6. We activate the machine. 7. After activation, the accounted periodic depreciation is 2,000,000 HUF. 8. Materials used for production are worth 1,200,000 HUF. 9. Product sales at prime costs are worth 10,000,000 HUF, sales price is 12,500,000 HUF + 20% VAT. Item

Text

Log,……….. T inv K inv

T inv

K inv

b) Describe the contents of the income settlement account. 471. Income settlement/Payroll


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List of invoices 1. Fixed assets 11. Intangible goods 12-15. Tangible goods 12. Real property 129. Depreciation of real property 13. Technical equipment, machinery, vehicles 139. Normal depreciation of technical equipment, machinery, vehicles 14. Other equipment, machinery, vehicles 149. Normal depreciation of other equipment, machinery, vehicles 16. Investments, renovations 17-19. Invested financial assets 2. Stocks 21. Raw materials 22. Other materials 23. Unfinished and semi-finished goods 25. Ready-made 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 37. Securities 38. Current assets 381. Cash 384. Settlement deposit 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


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466. Value added tax charged in advance 467. Vale added tax payable 471. Payroll 473. Social security 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 expenses 581. Changes in self-produces inventories 8. Cost of sales 81. Material-type costs 82. Staff costs 83. Depreciation 86. Other expenditure 87. Financial expenditure 88. Extraordinary expenditures 9. Sales revenues and income 91-93. Net sales revenue 96. Other income 97. Financial income 98. Extraordinary income


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Topic

Short answer questions

Questions requiring calculations, filling in vouchers and editing items

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Question number

Maximum points

1. 2. 3. 4. 5. 6. 7. 1. 2. 3. 4.

5 7 6 8 4 8 12 10 10 5 10

5.

15 100 100

TOTAL Points of written examination

Points scored

Maximum points awardable for the topic

Points scored in topic

50

50

100

Correcting teacher

Date: ................................................ __________________________________________________________________________

Elért pontszám Points scored

Programba beírt pontszám Points entered into the programme

Rövid választ igénylő feladatsor Short answer questions Számítást, bizonylatkitöltést, tételszerkesztést igénylő feladatsor Questions requiring calculations, filling in vouchers and editing items

Javító tanár/Correcting teacher

Jegyző/ Registrar of the Board of Examiners

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


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ÉRETTSÉGI VIZSGA október 24

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