9706....AS/A level Accounting Post ur doubts here...!

[panoramafolks]

can u explain how to do question 3 c) From where does the varianc come ???? please help http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Accounting%20(9706)/9706_s05_qp_4.pdf

just use the formulas and flex the budgeted data to actual units

 

[AlphaBeta]

just use the formulas and flex the budgeted data to actual units

but its variance right ??

 

[panoramafolks]

need help on question no 27 and 29.help me.sorry wrong paper 9706/m/j/10/33.

27.

Depreciation / year = (160-20)/4 = $ 35000
Net profit on average per year = 64000 - 14000 - 35000 = $15000
Average investment = (160 + 20)/2 = $90000

ARR = (NP/Investment) * 100
(15/90)*100 = 16.67 %

Hence ans. is C.

29.

NPV = 8000 * (1.000 + 0.909 + 0.826 + 0.751) = 8000 * 3.486 = $ 27888 approx ( 27900)

Hence ans. is C.

 

[panoramafolks]

but its variance right ??

yes it is.

 

[AlphaBeta]

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_s07_qp_3.pdf
question 4
answer has to be C right because no new issue at redemption why is the share premium reducing and answer in marking scheme and examiners report showing A?

 

[panoramafolks]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s07_qp_3.pdf
question 4
answer has to be C right because no new issue at redemption why is the share premium reducing and answer in marking scheme and examiners report showing A?

Ans. is C - Mark scheme made a mistake.

 

[AlphaBeta]

Ans. is C - Mark scheme made a mistake.

but even the examiners report says A
i got C

 

[AlphaBeta]

Oct/Nov 2009 question 17 wats da answer ??? o.0 i get 12000 bt markscheme says 12800
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w09_qp_12.pdf

 

[AlphaBeta]

In Sha Allah I will try to help

if anything from pastpapers plz post the link

panoramafolks please answer ..... have exams tomorrow

 

[panoramafolks]

Oct/Nov 2009 question 17 wats da answer ??? o.0 i get 12000 bt markscheme says 12800
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w09_qp_12.pdf

Mark scheme has made a mistake.

 

[panoramafolks]

Oct/Nov 2009 question 17 wats da answer ??? o.0 i get 12000 bt markscheme says 12800
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w09_qp_12.pdf

 

[panoramafolks]

but even the examiners report says A
i got C

Examiner report says that balance sheet shows an issue of shares and premium is charged of 25% ie, (15000/60000)*100 = 25%
so share premium must be debited for premium. Strange that CIE didnt give complete explanation of items

 

[AlphaBeta]

thanks
may/june 2010 question 13 any idea ??
http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s10_qp_12.pdf
is the marking scheme wrong or wat because i get 40000 and annswer is 47000

 

[AlphaBeta]

And how to find the value of opening and closing inventory if when using absorption costing and marginal costing

 

[panoramafolks]

thanks
may/june 2010 question 13 any idea ??
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s10_qp_12.pdf
is the marking scheme wrong or wat because i get 40000 and annswer is 47000

Realised Profit on Cost of manufacturing = $240000 * 20% = $48000
Unrealised Profit / (loss) on closing inventory = (20/120) * 54000 = (9000)
Unrealised Profit / (loss) on opening imventory = 40000 * 20% = 8000 (this is b'coz opening inventory is not at cost plus profit)

Factory Profit = 48000 + 8000 - 9000 = $ 47000

 

[:: A^]

How is Q22 C ?
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s06_qp_1.pdf

EDIT: Sorry my bad, i thought it was the share premium a/c. Sorted now!

 

[AlphaBeta]

may/june 2013 p1 question 19 explain how to get the answer
http://maxpapers.com/syllabus-materials/accounting-9706/attachment/9706_s13_qp_12/

 

[panoramafolks]

may/june 2013 p1 question 19 explain how to get the answer
http://maxpapers.com/syllabus-materials/accounting-9706/attachment/9706_s13_qp_12/

Nominal value of an ordinary share = $1
Proceeds of $120000 include nominal and premium value. (Let the value of share issued be Y)

120000 = Y * number of shares (as proceeds equal issue price * number of shares)

Number of shares * 1.00 = 2500 (as we will take new dividend and dividend is paid at 10% of nominal value of ordinary shares)

Number of shares = 2500/0.1 = 25000 new shares

120000 = Y (25000)
Y =120000/25000 = $4.80 so the answer is D.

 

[Hasa321]

hey people, can any1 help me wit this mcq in accounts? Its M/J 2010 P31 question 2, its about da cashflow thing, how do u calculate da cashflow for year 2?? plz help

Here is da link..... http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s10_qp_31.pdf

 

[panoramafolks]

hey people, can any1 help me wit this mcq in accounts? Its M/J 2010 P31 question 2, its about da cashflow thing, how do u calculate da cashflow for year 2?? plz help

Here is da link..... http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s10_qp_31.pdf

Statement of cash flows for the Year 2:

Operating activity $
Profit from operations 880000

Non cash adjustments:
Depreciation 62000
Loss/(profit) on disposal (17000)

Working capital movement:
(Increase) in working capital (16000)

Net cash flow generated from
operating activity 909000

So the answer is A.