A2 Commerce Group |Post your doubts here (Accounts, Eco, B.Std & Stats 2)

[Zephyro]

i have doubts in Economics A2-P3
O/N'07- qns 10,2027,29
QP-http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_w07_qp_3.pdf
MS-http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_w07_ms_3.pdf

p31 O/N '11-2,3,9,24,29 & 30
QP-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w11_qp_31.pdf
MS-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w11_ms_31.pdf

p3 O/N '08-25 What would increase an economy’s actual output but not its potential output?
A an increase in the capital available to the labour force
B an increase in the labour force’s skill level
C an increase in the number in the labour force
D an increase in the proportion of the labour force employed

ANSWER IS "D"

P31-O/N'09- 5,6,8,9,10,13,18,21,24,26,27 & 29
QP-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w09_qp_31.pdf
MS-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w09_ms_31.pdf

P31 O/N 2010- 20,27,28 & 30
QP-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w10_qp_31.pdf
MS-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w10_ms_31.pdf

P3 O/N 2006- 4,16,18,21 & 23
QP-http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_w06_qp_3.pdf
MS-http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_w06_ms_3.pdf

PLEASE HELP ME OUT!!!

something wrong with your links.

 

[mimiswift]

i have doubts in Economics A2-P3
O/N'07- qns 10,2027,29
QP-http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_w07_qp_3.pdf
MS-http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_w07_ms_3.pdf

p31 O/N '11-2,3,9,24,29 & 30
QP-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w11_qp_31.pdf
MS-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w11_ms_31.pdf

p3 O/N '08-25 What would increase an economy’s actual output but not its potential output?
A an increase in the capital available to the labour force
B an increase in the labour force’s skill level
C an increase in the number in the labour force
D an increase in the proportion of the labour force employed

ANSWER IS "D"

P31-O/N'09- 5,6,8,9,10,13,18,21,24,26,27 & 29
QP-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w09_qp_31.pdf
MS-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w09_ms_31.pdf

P31 O/N 2010- 20,27,28 & 30
QP-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w10_qp_31.pdf
MS-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w10_ms_31.pdf

P3 O/N 2006- 4,16,18,21 & 23
QP-http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_w06_qp_3.pdf
MS-http://www.xtremepapers.com/papers/...d AS Level/Economics (9708)/9708_w06_ms_3.pdf

now good?

 

[mimiswift]

http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_s11_qp_41.pdf
the case study here
i don't understand the ms answer for part (b)i)
(ms-http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_s11_ms_41.pdf)

 

[gudboy01]

heres one, question 19, I know how the answer (D) came but I dont get the logic...
Accounts, Nov 2003, P3

Its like dis..
Transfered material frm P1=(40000/2000)*400 =8000
Direct material =(2400/2000)*400*1 =480
Labour =(16000/2000)*400*0.5 =1600
Overheads =(8000/2000)*400*0.5 =800
Total value of closing WIP (8000+480+1600+800) =10880(D)

 

[mimiswift]

Its like dis..
Transfered material frm P1=(40000/2000)*400 =8000
Direct material =(2400/2000)*400*1 =480
Labour =(16000/2000)*400*0.5 =1600
Overheads =(8000/2000)*400*0.5 =800
Total value of closing WIP (8000+480+1600+800) =10880(D)

i get it
work in progress value should be only for 400 units
so find the value for 400 out of total 2000 units for all
transfered materials is 40000*400/2000=8000 so we found the value of 400 transfered materials we take full 100% of the value as it is material
do the same for added material and we get 480
labour and overheads are only 50% complete for the 400 units(overheads is based on labour) so we get 2400
add all the values 8000+480+2400=10880

 

[mimiswift]

GUYS
PLS HELP WITH MY DOUBTS!

 

[gudboy01]

have you done Equivalent Production? We calculate that first. It'll be 2000 units for material but 1800 for labour [(2000-400) + (400 x 50%)]. So Total Material cost will be $8480, but for labour & overheads it will be [(16000+8000)/1800] x 200 = $2667, & so Total should be $11,147, which is apparently not given in the options...

Equivalent production??Sorry i dont know about this method.I think the mothod i hab done is the easiest one to solve it.Mimiswift has explained it above, it came exactly what mimiswift explained.Try to understand it, but its not a wrong question dude.

 

[Aleha]

cud u ppl gimme a brief xplanation on cash flw statmnt plzzz

 

[mimiswift]

Look at it this way. It has given units put in as 2000 & WIP closing as 400, so that means the finished goods were 1600 units right. The 400 units are 50% complete as for labour (& overheads). That means that the labour worked on & the overheads were used on the the 1800 units completed, not all 2000 units put in because 200 units have not been worked on yet. That means we'll get the units cost as 16000/1800 & 8000/1800 & not divided by 2000 units.

If you haven't heard of the word 'equivalent' yet, see May 05/ q22, & notice how we calculate the unit cost. We don't divide it simply by 10000 units, but by [8000 + (2000 x 60%)] = 9200 units.

ok
i get what you meant
and your right if we use the method you said then we dont get any options
In exam if such a qns comes we'll try both the methods and whichever way we get the option then we choose that option!
It may be unlikely(i hope) that we may get an option from both ways!

 

[redapple20]

Ok this may sound stupid! But in h randalls additional ex Q1 of chap 24 cash flow can sum1 plx explain me the treatment of depreciation of premises and the revaluation amount! Pleaz3!:/

 

[mimiswift]

cud u ppl gimme a brief xplanation on cash flw statmnt plzzz

a cash flow statement is part of the final accounts that must be published
It shows how cash changes in a year
It shows the movement of cash
Using a cash flow statement we'll find out what lead to a fall in cash in a year!

 

[mimiswift]

people pls help with my doubts!^

 

[Echelon94]

Pie ltd

heres the complete answer...

 

[youzair]

people pls help with my doubts!^

i am not preparing for eco a2!

 

[mimiswift]

i am not preparing for eco a2!

what do you mean ur not preparing for A2 eco

 

[youzair]

what do you mean ur not preparing for A2 eco

Economics really ____!
I have been studying whole week and at the end i am not able to ans a single que of past pap! :/
I am disappointed... i dont want to wste my time on such subj!

 

[youzair]

Want to get A* in Economics, Click here.

 

[mariam_anwar]

Please post Bs Guess topics anyone plsss !!

 

[mimiswift]

Economics really ____!
I have been studying whole week and at the end i am not able to ans a single que of past pap! :/
I am disappointed... i dont want to wste my time on such subj!

I've been studying too and I'm not giving up so easily!
Your smart.....i know you can do it so don't give up!
Keep trying and i know you'll succeed!

 

[youzair]

Please post Bs Guess topics anyone plsss !!

I will suggest you not do selective study for A2's. The paper setters set the papers in a way that you have to give integrated knowledge in your answers. For Business, I will strongly recommend you to do all first 5 units well because strategic management requires the good understanding of all of them as any firm who wishes to do any strategic moves will have to look at the every aspect of business main departments and at least one question in the paper 3 is set on Strategic Management.