Economics, Accounting & Business: Post your doubts here!

[Muskan Achhpilia]

Can someone please help me out how to go about the following questions-
(a) Explain why all types of economic system benefit from the existence and use of money. [8]
(b) Discuss whether an economy’s production possibility curve is more likely to move inward or outward over time. [12]

http://papers.xtremepapers.com/CIE/... AS Level/Economics (9708)/9708_s12_qp_22.pdf

 

[:: A^]

http://papers.xtremepapers.com/CIE/... AS Level/Economics (9708)/9708_s10_qp_31.pdf

Q29 How is the answer A?

 

[Sarah Paul]

can someone help me wid this question pls http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_s04_qp_2.pdf the second one how to find good will?

 

[AlphaBeta]

oct/nov 2004 paper 3
how to do this
Answer = D but how

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s04_qp_2.pdf
Q26 and 29
Explain pls

 

[Sarah Paul]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s04_qp_1.pdf
Q17 and Q28
Explain pls

 

[:: A^]

can someone help me wid this question pls http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s04_qp_2.pdf the second one how to find good will?

The difference between the Net Assets taken over and the agreed price is the goodwill.. Do the same for Ronicus! i.e $15000

 

[:: A^]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s04_qp_1.pdf
Q17 and Q28
Explain pls

Q17 = They sold for a profit, so we have to find the cost in order to reduce it from the cost of stock.
Therefore cost is = 15000/125*100 = 12000
Then Stock at 10 Jan = $104000
In sums like these you go backwards. So you add the stock that was sold and minus the stock that was purchased.
--> 104000+12000-16000 = $100000 = B

For Q28 you will have to try out all the given four scenarios to see what happens. Did you do that?

 

[Sarah Paul]

The difference between the Net Assets taken over and the agreed price is the goodwill.. Do the same for Ronicus! i.e $15000

I dnt get it can u explain pls?

 

[:: A^]

Im taking Titus for this example.
The Total Assets of his business is (20+10) = $30000
They Agreed to transfer to the new business at $45000
So Goodwill = $45000 - $30000 = $15000

I dnt get it can u explain pls?

 

[Sarah Paul]

Im taking Titus for this example.
The Total Assets of his business is (20+10) = $30000
They Agreed to transfer to the new business at $45000
So Goodwill = $45000 - $30000 = $15000

oh thank you so much

 

[Sarah Paul]

then in the ms wats the part abt 4260?

 

[Sarah Paul]

Im taking Titus for this example.
The Total Assets of his business is (20+10) = $30000
They Agreed to transfer to the new business at $45000
So Goodwill = $45000 - $30000 = $15000

if u dnt mind can u do the capital account pls?

 

[:: A^]

then in the ms wats the part abt 4260?

They have given the net figure after writing off Goodwill.. But we dont do like that, we show different entries for entering and writing off goodwill..

if u dnt mind can u do the capital account pls?

give me some time..

 

[Sarah Paul]

They have given the net figure after writing off Goodwill.. But we dont do like that, we show different entries for entering and writing off goodwill..


give me some time..

ok sure. il be waiting

 

[TheZodiac]

View attachment 38688
oct/nov 2004 paper 3
how to do this
Answer = D but how

This one sure is hard.
This one test the knowledge related to consumer and producer surplus. In case of labour market, labour is willing to work for any wage level below the supply curve. The wage rate is OW so the labour would work at any given point below the supply curve of labour as marked by area shaded with brown. The area marked with brown is the area labour would work at any given wage rate. Therefore we'd simply deduct x from z to get the final answer.
It's a bit hard to explain with simply words but if you don't, I'd try to explain again.

 

[:: A^]

This one sure is hard.
This one test the knowledge related to consumer and producer surplus. In case of labour market, labour is willing to work for any wage level below the supply curve. The wage rate is OW so the labour would work at any given point below the supply curve of labour as marked by area shaded with brown. The area marked with brown is the area labour would work at any given wage rate. Therefore we'd simply deduct x from z to get the final answer.
It's a bit hard to explain with simply words but if you don't, I'd try to explain again.
View attachment 38690

Well my theory was somewhat different. The minimum amount the worker is paid per week is below the supply curve, and what i deduced from the diagram was that it is X since he is required to work a standard 40-hour week.
And since the total amount he is paid per week is Z, the difference therefore would be Z-X.

Not sure though :/

 

[Muskan Achhpilia]

Can someone please help me out how briefly to go about the following questions-
(a) Explain why all types of economic system benefit from the existence and use of money. [8]
(b) Discuss whether an economy’s production possibility curve is more likely to move inward or outward over time. [12]

Explain the characteristics required by money if it is to carry out its functions effectively. [8]

 

[AlphaBeta]

This one sure is hard.
This one test the knowledge related to consumer and producer surplus. In case of labour market, labour is willing to work for any wage level below the supply curve. The wage rate is OW so the labour would work at any given point below the supply curve of labour as marked by area shaded with brown. The area marked with brown is the area labour would work at any given wage rate. Therefore we'd simply deduct x from z to get the final answer.
It's a bit hard to explain with simply words but if you don't, I'd try to explain again.
View attachment 38690

can u explain again pls .. i dint get it ...

 

[TheZodiac]

can u explain again pls .. i dint get it ...

Bro, let's keep this MCQ in the query list. I'd ask my economics sir to help me out in this one because I can't find a way to explain this.