Economics, Accounting & Business: Post your doubts here!

[youzair]

I have a little bit of a problem in economics paper 4. Could someone please tell me the basic points I should be discussing in question 7:
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_s03_qp_4.pdf
Thanks.

1. Define Govt Aims -------- 2marks
2. Explain what is meant by full emp and stable prices relating it with the benefits..... 3 marks
3. Discuss Economic Cycle.-----tell at which stage govt would aim for full emp and stable prices i.e recession... 2-3marks
4. How govt take actions to achive the aims
5. discuss 4 polices 12 marks

• • fiscal------with graph
  • monetary -----with graph
  • supply side -----with graph
  • exchange rate -----with graph

Conclusion 5marks

• • give opinion seeing the current economic situation of ur country i.e pak...

 

[youzair]

Eco MCQ doubt-
please help me with the following questions.some of them are related with the quantity theory of money,a concept which I am having difficulty in understanding.
q2,19,26 and 27 ofhttp://www.xtremepapers.com/papers/CIE/Cambridge%20International%20A%20and%20AS%20Level/Economics%20%289708%29/9708_w07_qp_3.pdf
q4,17,23 of http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w07_qp_3.pdf
Please reply whenever possible and help me understand the core concept as there has been a trend of such questions over the years.
thanks

both links are of November 2007 paper!

 

[MnMz]

Echelon94: Could you please tell me what topics to focus on for accounts p4 tomorrow?

 

[Echelon94]

Echelon94: Could you please tell me what topics to focus on for accounts p4 tomorrow?

haha me?? how would I know. but still you may want to revise the uncommon AS topics (those other than Partnership, NPO, Manufacturing accounts, Costing). same for A2 topics (those other than Partnership, Cashflow, Process Costing, Budgeting)

 

[Mad Gal]

How did you get 142 days for 2010? I got the correct answer ,i.e 204.6 days by dividing trade payables by cost of sales. This works only for 2010 not 2011 and I'm not sure if this is a correct method. Also how did you find the income gearing , in the mark scheme they've found the interest cover instead.

had the same answer and same problem!!!!
I think its better to write the formula and then do the answer..Atleas then they'd know we're using the formula the syllabus asks us to use!

 

[Mad Gal]

yeah I am confused too I am getting 142 days for 2010 & 106 days for 2011

your point bout having to use credit purchase is right, buh for 2011 they have used cost of sales and i absolutely have no idea how they did it for 2010.
And now am confused, with payables settlement period ratio itself!!!

 

[Mad Gal]

Just calculate profit or loss for 5000 chairs thats all

the marking scheme has a totally different product mix right?! Am lost?! The que says the contract is for 5000 each chair! I dont get the marking scheme!
Could you explain how you do it? Please!

 

[omegavamp]

http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_w08_ms_4.pdf
http://www.xtremepapers.com/papers/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_w08_qp_4.pdf

In question 3 part C, how did they find out the net cash flows? o__o?

 

[Saad Ghori]

http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w08_ms_4.pdf
http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_w08_qp_4.pdf

In question 3 part C, how did they find out the net cash flows? o__o?

Each machine will produce 875 briefcases each MONTH which can be sold for 13.5. So the annual inflow would be 875 briefcases*12 months*13.5=141750. The outflow for the first year is 120000, leaving the net cash flow for the first year to be 141750-120000= 21750.
The cost will rise by 5% each year so the cost in 2nd year would be 126000, 3rd year 132300 and so on.. Keep subtracting them from the inflow of 141750 to get the net cash flows.

 

[MnMz]

haha me?? how would I know. but still you may want to revise the uncommon AS topics (those other than Partnership, NPO, Manufacturing accounts, Costing). same for A2 topics (those other than Partnership, Cashflow, Process Costing, Budgeting)

Which past papers should I do again tonight?

 

[Saad Ghori]

Which past papers should I do again tonight?

Try to attempt the latest pastpapers and the different variants. Don't go too far back, you'll just confuse yourself with the old treatments

 

[Sha]

Some one please help me with this budget question!! ASAP!
http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_s05_qp_4.pdf

Q2 I want to know how to find the purchases amount!! Please help me with the steps! Im confused with the markup they had given!!

 

[MnMz]

Try to attempt the latest pastpapers and the different variants. Don't go too far back, you'll just confuse yourself with the old treatments

Thank You Handsome =)

 

[vita199]

Just calculate profit or loss for 5000 chairs thats all

Cn you plz tell how??

 

[Sha]

Some one please help me with this budget question!! ASAP!

http://www.xtremepapers.com/papers/... AS Level/Accounting (9706)/9706_s05_qp_4.pdf


Q2 I want to know how to find the purchases amount!! Please help me with the steps! Im confused with the markup they had given!!

 

[Echelon94]

Some one please help me with this budget question!! ASAP!

http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s05_qp_4.pdf

Q2 I want to know how to find the purchases amount!! Please help me with the steps! Im confused with the markup they had given!!

Read notes iv) & v). 40% added to CoGS means Sales = 1.4 x Purchases because there are no Opening/Closing stocks in this case. Also Purchases are paid for in the previous month of the one in which they're sold. So for instance July Purchases will be August Sales divided by 1.4.
Purchases = 87400/1.4 = $62429

 

[WaleedUQ]

Some one please help me with this budget question!! ASAP!

http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s05_qp_4.pdf


Q2 I want to know how to find the purchases amount!! Please help me with the steps! Im confused with the markup they had given!!

The examiner said that
selling price is calculate by adding 40% profit on cost of the product this means that
Sales = Cost + Profit
140% = 100% + 40%
For eg
Aug sales are 87400
It is stated that they are purchased two months before sale and paid one month after purchase ( or 1 month before sale)

so 87400= 140%
and cost is 100%
87400 x 100/140
62428.5
62429 these are the creditors to be paid in july

 

[WaleedUQ]

Try to attempt the latest pastpapers and the different variants. Don't go too far back, you'll just confuse yourself with the old treatments

Boy full phar raha hai lagta hai A* layega

 

[MnMz]

Boy full phar raha hai lagta hai A* layega

What does that mean??

 

[Sha]

Read notes iv) & v). 40% added to CoGS means Sales = 1.4 x Purchases because there are no Opening/Closing stocks in this case. Also Purchases are paid for in the previous month of the one in which they're sold. So for instance July Purchases will be August Sales divided by 1.4.
Purchases = 87400/1.4 = $62429

Thanx alot!