Economics, Accounting & Business: Post your doubts here!

[Esme]

w salam
Real effective exchange rates are those which take into account the rates of inflation in both the trading countries as compared to the nominal rate which only shows you the transaction price of goods and services.Real effective exchange rate (aka purchasing power parity) adjusts the price of currencies with the inflation rate in those particular countries.

 

[student92]

thanks alot
one more question, what is the major difference between normative and positive statements, i mean what is the straight forward differentiating factor when you solve mcq , like this one
Which statement about trade unions is normative?
A Since trade unions exist to safeguard the interests of their members, they deserve the legal
protection of the state.
B In countries where trade unions are strong, income distribution is more equal.
C Uneven trade union membership has resulted in a widening of the wage gap between
different industries.
D In industries where trade unions are powerful, technical progress tends to be much slower.
the corrext answer is a

 

[Nibz]

^ Positive statements are statements of facts. Always presented in a verifiable manner. Options B,C and D come under this definition.
The phrase 'they deserve' is clearly an indication that it's a normative statement.
As soon as words like 'deserve' or 'should' or 'ought' or the likes of these are used in a statement, know that those statements are normative; the rest, positive.

 

[student92]

Thanks alot

 

[AtemisDelta]

can any1 takin accounts help me out with da fundamentals of accounting......im a business studies student but have da basics of accounting........like da 4 principles of accountin : accruals , n blah blah blah........

 

[Esme]

hmm.....well there is a lot more to accounts than these concepts. i dont think u can learn those basics here. i suggest you refer to textbooks and notes.
btw are u taking up accounts as a subject or is it jus for additional knowledge ? cuz there is a section on accounting in business studies as well.

 

[hammadthepcgeek]

The Accounting or the Average Rate of Return formula in Investment Appraisal.. it appears in both the Business Studies and Accounting courses but the formulas used vary from subject to subject. I learnt that ARR was simply the average profits/average investment *100, but when I applied the formula in one Business Paper, my answer was off... and the marking scheme had calculated ARR as average profits/ INITIAL CAPITAL INVESTMENT. Can anyone, please, shed a light on this? I will appreciate any help possible.

 

[Esme]

The Accounting or the Average Rate of Return formula in Investment Appraisal.. it appears in both the Business Studies and Accounting courses but the formulas used vary from subject to subject. I learnt that ARR was simply the average profits/average investment *100, but when I applied the formula in one Business Paper, my answer was off... and the marking scheme had calculated ARR as average profits/ INITIAL CAPITAL INVESTMENT. Can anyone, please, shed a light on this? I will appreciate any help possible.

im guessing this is A Level portion cuz i havent done Investment Appraisal in AS .

 

[black_berry]

can any1 takin accounts help me out with da fundamentals of accounting......im a business studies student but have da basics of accounting........like da 4 principles of accountin : accruals , n blah blah blah........

hmm.....well there is a lot more to accounts than these concepts. i dont think u can learn those basics here. i suggest you refer to textbooks and notes.
btw are u taking up accounts as a subject or is it jus for additional knowledge ? cuz there is a section on accounting in business studies as well.

section of business studies in AS LEVEL

 

[Rabib_69]

Hello can someone help me with a few past paper mcq's here?? It no 16, 19, 26 and 28 of M/J 2011 P32

 

[student92]

which subject, eco bus st or act?

 

[Rabib_69]

which subject, eco bus st or act?

economics!

 

[Esme]

sorry that is an A Level ppr.

 

[bineetojha]

Can someone please provide links for, direct downloads of Notes for Business studies, Economics and Accounting. Like this one : https://sites.google.com/site/bs9707/Home/revision-notes

 

[maryamshake]

hey can anyone help me with AS Business? i need some notes and tips that might help me revise.

 

[maryamshake94]

hey can anyone help me with AS Business? i need some notes and tips that might help me revise.

 

[student92]

as salam alikum
can anybody help me with this AS accounting question
http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w11_qp_21.pdf
q2 a
marking scheme
http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w11_ms_21.pdf
why inst Harvey s 600 not being subtracted from the 1300 to calculate doubtful debts for over 90 days

 

[Esme]

w salam
If u see the date it is 2 oct 2010. This means it has been taken into account when calculating the debts at 31 dec 2010. That is why we wont deduct it.
If the question said sumthing like " this was not taken into account/no records were made for this" then we would hav to deduct it .

 

[student92]

Thankyou, it was that simple!

 

[black_berry]

hey can anyone help me with AS Business? i need some notes and tips that might help me revise.

http://www.cambridgestudents.org.uk...for_ASA_Level_Business_Studies_9707_FINAL.pdf
hope this helps