John: Mary ,this is Joe’s brother David.
Mary: I’m very glad to meet you.
David: It’s a pleasure to meet you.
Mary: __________
David: It’s really different from what I expected.
John: Don’t worry . You’ll get used to it in no time.
A. How is Joe?
B. How do you like Florida so far?
C. How are you doing so far?
D. Would you like some tea?
Plans were made.They called for a "King of Clocks, the biggest and best in the world? So the clock had to be big.And it had to keep very good time.The big clock was made in two years.But it couldn't be put in the tower.The tower wasn't even built! Five more years went by before the clock tower was finished.Then the giant hour bell was put in place.It rang out for the first time on July 11, 1859.
The great bell had to have a name.A meeting of Parliament was called to pick one.The clock is the King of Clocks?one man said."Why not call the Queen of Bells?"
"Then why not Victoria?"said another.(Victoria was the British queen at that time.)
The talk about names went on and on.Then Benjamin Hall got up to speak.He was a big man whom the others liked.By this time they were all tired.Someone shouted."Why not call it Big Ben?"
Everybody laughed, and the meeting broke up.But Big Ben it was from then on.Not just the bell, but the whole clock.
(1) The new clock began striking years after the old clock had crashed down.
A.2
B.5
C.15
D.25
(2) The plans said that the new clock had to.
A.be named at a parliament meeting
B.be called Big Ben
C.be made in two years
D.be big and keep good time
(3) The clock tower was built five years after.
A.the clock was made
B.the hour bell was made
C.the old Parliament building burned down
D.the new Parliament building was completed
(4) Originally, the British Parliament called the meeting in order to name.
A.the clock
B.the bell
C.the clock tower
D.the whole building
(5) Big Ben was named after.
A.the king of England
B.the British queen
C.a man in Parliament
D.the clock maker
The company’s main contract was with Dank plc a large industrial conglomerate.
In the course of its research activity, Clean Ltd’s scientists developed a new super glue. Des was very keen to pursue the manufacture of the glue but the board of directors overruled him and decided that the company should stick to its core business.
The managing director of Dank plc is a friend of Des’s and has told him that Dank plc will not be renewing its contract with Clean Ltd as he is not happy with its performance. He also told Des that he would be happy to continue to deal with him, if only he was not linked to Clean Ltd.
Following that discussion Des resigned from his position as managing director of Clean Ltd and set up his own company, Flush Ltd which later entered into a contract with Dank plc to replace Clean Ltd. Flush Ltd also manufactures the new glue discovered by Clean Ltd’s scientists, which has proved to be very profitable.
Required:
In the context of company law, advise the board of Clean Ltd as to whether they can take any action against Des or Flush Ltd.(10 marks)
Although the company did manage to make a small profi t in its fi rst year of trading, it was never a great success and in its second year of trading it made a loss of £10,000.
At that time Fran said he thought the company should cease trading and be wound up. Gram and Hen, however,were insistent that the company would be profi table in the long-term so they agreed to carry on the business, with Fran taking less of a part in the day-to-day management of the business, although retaining his position as a company director.
In the course of the next three years Gram and Hen falsifi ed Ire Ltd’s accounts to disguise the fact that the company had continued to suffer losses, until it became obvious that they could no longer hide the company’s debts and that it would have to go into insolvent liquidation, with debts of £100,000.
Required:
Advise Fran, Gram and Hen as to any potential liability they might face as regards:
(a) fraudulent trading, under both criminal and civil law; (5 marks)
(b) wrongful trading under s.214 of the Insolvency Act 1986. (5 marks)
Domingo Gomez
(1) Domingo is aged 67.
(2) During the tax year 2008-09 he received the state pension of £4,500 and a private pension of £2,300.
(3) In addition to his pension income Domingo received building society interest of £14,400 and interest of £600 on the maturity of a savings certificate from the National Savings and Investments Bank during the tax year 2008–09. These were the actual cash amounts received.
(4) During the tax year 2008–09 Domingo made donations of £300 (gross) to local charities. These were not made under the gift aid scheme.
Erigo Gomez
(1) Erigo is aged 56.
(2) He is employed as a business journalist by Economical plc, a magazine publishing company. During the tax year 2008–09 Erigo was paid a gross annual salary of £36,000.
(3) During the tax year 2008–09 Erigo used his private motor car for business purposes. He drove 18,000 miles in the performance of his duties for Economical plc, for which the company paid an allowance of 20 pence per mile.
(4) During June 2008 Economical plc paid £11,400 towards the cost of Erigo’s relocation when he was required to move his place of employment. Erigo’s previous main residence was 140 miles from his new place of employment with the company. The £11,400 covered the cost of disposing of Erigo’s old property and of acquiring a new property.
(5) Erigo contributed 6% of his gross salary of £36,000 into Economical plc’s HM Revenue and Customs’ registered occupational pension scheme.
(6) During the tax year 2008–09 Erigo donated £100 (gross) per month to charity under the payroll deduction scheme.
Fargo Gomez
(1) Fargo is aged 53.
(2) He commenced self-employment as a business consultant on 6 July 2008. Fargo’s tax adjusted trading profit based on his draft accounts for the nine-month period ended 5 April 2009 is £64,800. This figure is before making any adjustments required for:
(i) Advertising expenditure of £2,600 incurred during May 2008. This expenditure has not been deducted in
calculating the profit of £64,800.
(ii) Capital allowances.
(3) The only item of plant and machinery owned by Fargo is his motor car. This cost £11,000 on 6 July 2008.
During the nine-month period ended 5 April 2009 Fargo drove a total of 24,000 miles, of which 8,000 were for private journeys.
(4) During the tax year 2008-09 Fargo contributed £5,200 (gross) into a personal pension scheme, and made gift aid donations totalling £2,400 (net) to national charities.
Tax returns
For the tax year 2008–09 Domingo wants to file a paper self-assessment tax return and have HM Revenue and Customs prepare a self-assessment on his behalf. Erigo also wants to file a paper tax return but will prepare his own self-assessment. Fargo wants to file his tax return online.
Required:
(a) Calculate the respective income tax liabilities for the tax year 2008–09 of:
(i) Domingo Gomez; (6 marks)
(ii) Erigo Gomez; (6 marks)
(iii) Fargo Gomez. (7 marks)
(b) Advise Domingo, Erigo and Fargo Gomez of the latest dates by which their respective self-assessment tax returns for the tax year 2008–09 will have to be submitted given their stated filing preferences. (3 marks)
(c) Advise Domingo, Erigo and Fargo Gomez as to how long they must retain the records used in preparing their respective tax returns for the tax year 2008–09, and the potential consequences of not retaining the records for the required period. (3 marks)
(i) Following an investigation you discover that commissions were paid to a senior official in one country to ensure that the local drug licensing agency concerned facilitated the acceptance of one of your principal revenue earning drugs for use within its national health service.
(ii) You have discovered that an agent of your firm, aware that the licensing agreement might be forthcoming,
purchased several call option contracts on your company’s equity.
(iii) A senior member of the firm’s treasury team has been taking substantial positions in currency futures in order to protect the risk of loss on the translation of dollar assets into the domestic currency. Over the last 12 months significant profits have been made but the trades do not appear to have been properly authorised. You discover that a long position in 50, $250,000 contracts is currently held but over the last four weeks the dollar has depreciated by 10% and all the signs are that it will depreciate considerably more over the next two months.
(iv) One drug company has managed to copy a novel drug that you have just released for the treatment of various forms of skin cancer. You have patent protection in the country concerned but your company has not been able to initiate proceedings through the local courts. Contacts with the trade officials at your embassy in the country concerned suggest that the government has made sure that the proceedings have not been allowed to proceed.
The company’s chief financial officer has asked you to look into these issues and, with respect to (iv), any World Trade
Organisation (WTO) agreements that might be relevant, and to advise her on how the company should proceed in each case.
Required:
Prepare a memorandum advising the Chief Financial Officer on the issues involved and recommending how she should, in each case and in the circumstances, proceed.
A.Being influenced
B.Influenced
C.Influencing
D.Having influenced
A.overjoyed
B.happy
C.sad
D.greatly surprised
Tony has a brother. I don’t have a brother.(合并为一句)
I don’t have a brother, _________ Tony _________
A.so do my sister
B.so did my sister
C.my sister did so
D.my sister so did