Economics, Accounting & Business: Post your doubts here!

[student92]

http://www.xtremepapers.com/CIE/International A And AS Level/9706 - Accounts/9706_w04_qp_1.pdf
how to solve q 26
correct answer is c
thanks

 

[HibaHasan]

Hey can any one tell me where i can find Past papers of accounts A level topic wise?? I want to complete purchase of business topic of accounts A2

 

[yonish7]

Hi everyone, assalamoalaikum!!

To get things organized in a better way, I am making this thread. As othewise, some queries remain unanswered!

So post your AS/A2 Accounts, Business or Economics doubts in this thread. InshaAllah other people here will be there to help you around.

NOTE: If any doubts in the pastpapers, please post the link!

Thanks!
Jazak Allah Khair!

i dont have interest in A level Acounting and i wanted to have a solution for this problem

 

[XPFMember]

i dont have interest in A level Acounting and i wanted to have a solution for this problem

Assalamoalaikum wr wb!

Actually, I am a science student so i cant help you..

 

[student92]

assalamu alikum
http://www.xtremepapers.com/CIE/International A And AS Level/9706 - Accounts/9706_w10_qp_12.pdf
q26
how to solve,
thanks

 

[studentno1]

Help me understand this MCQ!

The table shows the numbers of goods X and Y which two countries produce. Each country uses
half of its resources to make each good.
country 1 country 2
good X 100 300
good Y 200 400
Later, each country specialises in the product in which it has a comparative advantage.
Which rate of exchange would be suitable so each country gains from trade?
A: 1X = 1Y

B: 1X = 1.5Y
C: 1X = 2Y
D: 1X = 3Y

 

[Nibz]

Find the opportunity costs:
For country 1 = 100 : 200 = 1X : 2Y
For country 2 = 400 : 300 = 1X : 1.33Y

Any rate of change BETWEEN the two opportunity costs of 1x = 2y and 1x = 1.33y would be mutually beneficial.
So the only option that satisfies the above statement is 'B'.

 

[Heer92]

Im new in this forum...cud u please help to download Mathematics past papers for O level...

 

[Nibz]

Im new in this forum...cud u please help to download Mathematics past papers for O level...

Sure. You can find all of them here: http://www.xtremepapers.com/CIE/index.php?dir=Cambridge O Levels/4024 - Mathematics/
And if you have any doubts, post them here: http://www.xtremepapers.com/communi...hs-and-statistics-post-your-doubts-here.4773/

 

[itsmedipti]

ah accounting... sorry darenchamp08, I didn't have accounting in my a-levels. If you have any problem with economics, I'll try to help

I have doubt in aggregate supply in long run and short run. I am not able to understand the why it becomes perfeclty elastic and then perfectly inelastic.

 

[Xenon]

I have doubt in aggregate supply in long run and short run. I am not able to understand the why it becomes perfeclty elastic and then perfectly inelastic.

the vertical LRAS or the classical long run aggregate supply curve was based on the assumption that markets tend to clear eventually. If all markets reach equilibrium then there will be no unemployed resources and the economy would operate at full capacity or on its PPC/PPF. However, Keynesians disagree with this view. They put forward that disequilibrium would persists in markets like that of labour. They argue that wages can be 'sticky downwards' or in other words wages do not fall to clear unemployment. This can be due to minimum wages, trade unions, immobility of labour, positive attitudes of firm towards there employees,etc. What this implies is that firms are then able to hire/fire workers without affecting the wage rate. Hence wages are stuck (or increase slowly) and increasing production does not put pressure on price level. Thus the initial elastic nature of the Keynesian version of the LRAS. But as more resources are employed, resources might scarce and this is when the increased demand for labour might actually increase the wages and thus the curve slowly creeps upwards. With increase of production there will be an increase in price level. Eventually the economy may reach the vertical part of the curve (where it is inelastic). The economy will reach the full capacity level of output. There will be no increase in output until a shift of the curve occurs to the right. So the main conflicting point is that the view that markets may fail to clear in the long run and there maybe still plenty of unemployed resources. Now if I am correct, this view of the L shaped LRAS was suggested after the Great Depression of the 1930s when large scale of unemployment lasted for decades.

hope it helps you

 

[studentno1]

Find the opportunity costs:
For country 1 = 100 : 200 = 1X : 2Y
For country 2 = 400 : 300 = 1X : 1.33Y

Any rate of change BETWEEN the two opportunity costs of 1x = 2y and 1x = 1.33y would be mutually beneficial.
So the only option that satisfies the above statement is 'B'.

Thanks, that helped. I've one doubt regarding the way the opportunity cost for Country 2 is calculated. Shoudn't it be 300:400 because X is 300.

 

[Paradoxical]

I've just come across some economics videos on YouTube by pajholden, they're really good! They've explained a lot of things to me that I didn't understand. I thought I'd post a link so hopefully some of you guys can benefit from the videos.

http://www.youtube.com/user/pajholden/videos?view=0

 

[Becky250892]

Accounting A2 - M/J/2005/Paper 4

Question 2) Part b)

I just want to know how to calculate Stock and Trade Creditors! I've tried everything and I cannot seem to get the answer of $162857! PLEASE HELP!

 

[Muhammad Bin Anis]

Accounts help needed w11 , qp 12
MCQ no. 28
Markin Scheme says its B...
Why not C?
Someone please!

 

[Kuhan]

Hi

Accounting AS Level, Paper 1, November 2009, Paper 12,
Question 17 (MCQ), the answer given is C.
i am obtaining B as the answer though.
Would anyone mind explaining to me why the answer is B?
Thank you
very much in advance.​

 

[Esme]

Accounts help needed w11 , qp 12
MCQ no. 28
Markin Scheme says its B...
Why not C?
Someone please!

cuz when we use absorption costing to value our stock we use the total costs of production as compared to marginal costing (in which we use only the variable/marginal costs). As a result the closing inventory has a greater value n not a lower value at the year end as per absorption costing.

 

[Esme]

yes it should be 300:400

 

[Esme]

i dont have interest in A level Acounting and i wanted to have a solution for this problem

i suggest getting a good teacher ! =)

 

[student92]

As salam alikum
Could anyone please explain me real effective exchange rates,
Thankyou