Economics, Accounting & Business: Post your doubts here!

[wwfrohitKILLER]

Does anyone know what are the most important topics to stress on for tomorrow's Economics p4?

I would advice you to concentrate on Wage rate , labour market,market structures,GDP and comparing difrnt countries on ecnmic indicator and Efficiency.
Mainly bcoz out of the sec b questn we are told to choose and write 2 so questions on these topics can be a sure one.
Good luck! Tc

 

[MnMz]

I would advice you to concentrate on Wage rate , labour market,market structures,GDP and comparing difrnt countries on ecnmic indicator and Efficiency.
Mainly bcoz out of the sec b questn we are told to choose and write 2 so questions on these topics can be a sure one.
Good luck! Tc

Yea...okay...Thank you for your advice =)

 

[wwfrohitKILLER]

I am sorry bt still m confused... Are u really sure that even if we fail in the A level.... Bt the combined grade of AS level & A level makes u pass den is it overall PASS or FAIL...??

Its gonna be the same thing . As of accounts is concerned. You will need 102/270 to pass.
As accounts is = 120 marks in total.. A = 150 marks. combined 270 out of which u need 102 to pass. Good luck.
I am failing acc for sure even though getting a C grade in my as acc. That's life

 

[wwfrohitKILLER]

Ohkay guys soo here is the scene :
factory profit was around 905
operationg profit was 63 + 905 - 15 ( unreal profit )
438 /120% = Balance sheet Closing stock + 235 + wip stock
come to q2
83000/3 for share of profit
drawings were 61 30 42 or 61 32 40
second you guys didnt notice that Clearkle loan was to be repaid half 20k
it was short term loan which means less than a year and it said loan was not paid during the year end.
balance sheet was balancing around 93336 93346 aesi kuch 90' mien thi
loan of quilp was around 49 000 to 51000 i think 50's mien arha tha .
current account balance of two partners was DR
Hexham ka tha and shayed Quilp ka
10334 aur shayed 600 something cr balance 7334

prod budget was like opening stock 200 closing 180
phir opening 180 closing 160
semi variable mien variable cost 4$ per unit thi
fixed cost were 15000+ 28500 /15 tha contribution shayed
Breakeven was around 2150 ya aesi kuch end mien 50 tha
come to last question
it was FLEXIBILITY BUDGET which means
This budget was to be made FINAL
but if still we had to show ACUTAL and Budgeted statement then Flexed statement
Sales ( Actual quantity x Standard price )
less: Variable cost of prod.
D.M ( Standard Direct material kilo x Rate )
D.L ( Standard Direct hours x Rate )
VOH ( standard quantity 4000 x 4 )
Fixed over heads yaad nahi
Give any 3 variances to reflect ur ans
i think aesa kuch tha if i am wrong correct me

Hello boss ,
Good to know that you will be scoring well in the acc paper.
I hve a problem. 3questn What was the whole thing about BEP
coz they had two units one was 4000 and another was 4500 didnt understand that part. and also about the next questn whch was to calculate actual and budget variance how to do that one? thnk u

 

[wwfrohitKILLER]

mu paper went good.....it was infact easy.......i think those who recently gave p2 should hace been able to ace it.........because ot was more like AS paper than A2.

That is exactly why i found it hard. I did my AS last june and forgot everything!
And today after i saw my paper i was like FML!!

 

[MnMz]

Hello boss ,
Good to know that you will be scoring well in the acc paper.
I hve a problem. 3questn What was the whole thing about BEP
coz they had two units one was 4000 and another was 4500 didnt understand that part. and also about the next questn whch was to calculate actual and budget variance how to do that one? thnk u

Regarding you B.E.P. part it doesn’t matter how many units…because the contribution per unit is fixed….and fixed overheads are same at every output level!

 

[WayneRooney10]

Can anyone list all the economies and diseconomies of scale? And there definitions.

 

[WayneRooney10]

Is the demand curve for an inferior good upward sloping? If not, what does it look like?

 

[wwfrohitKILLER]

T

Regarding you B.E.P. part it doesn’t matter how many units…because the contribution per unit is fixed….and fixed overheads are same at every output level!

Thnnnnk u !
LOL my acc paper ws sucha disaster. Hope to make it up with the mcq shit

 

[parthrocks]

CAN I ASK YOU SOMETHING.......DID anyone GIVE ACCOUNTING PAPER 2 AS LEVEL THIS 25TH MAY???

 

[WaleedUQ]

Guys in order to score more marks
go for MACRO and learn ways to draw graph!
Macro questions are easy to attempt as they consist of
Supply side
Monetary
Fiscal
- a question of unemployment with labour market
a Full confirmed question on developing economies
revise these insAllah u'll get an A*
Secondly if you have time read about economic conditions of 3rd world countries like pakistan sudan nigeria,
give examples of countries with relevant diagram
and keep in mind that if a question on macro economies come
dont forget to write about OUT GAP ( inflationary and deflationary )
As you have to tell what is happening in the production possibility curve of the economy!

 

[youzair]

Can anyone list all the economies and diseconomies of scale? And there definitions.

Is the demand curve for an inferior good upward sloping? If not, what does it look like?

Technical EOS
Managerial EOS
Purchasing EOS
Marketing EOS
Financial EOS
Risk-Bearing EOS
FOLLOW THIS LINK

dis-economies....
wastage
poor communication
late decision making
low morale

no demand curve for inferior good is downward sloping---as income increase their demand decrease
for normal goods its upward sloping like supply, it shows as Y increases D increases!

 

[queensunflower]

the difference is 18 which is gain in unrealised profit, we deduct it from income statement
yea partners balance were around 53000
AND last
production budget months ka nikalna tha total nahi nikalna tha uncle

Flexible budget ka itna nahi pata mujhe, jo miene phara tha woh batada. Shayed tum theek ho

In the flexible budget, did we have to use the closing stock and opening stock calculated in the first part of the question to find the actual units produced?

 

[youzair]

Guys in order to score more marks
go for MACRO and learn ways to draw graph!
Macro questions are easy to attempt as they consist of
Supply side
Monetary
Fiscal
- a question of unemployment with labour market
a Full confirmed question on developing economies
revise these insAllah u'll get an A*
Secondly if you have time read about economic conditions of 3rd world countries like pakistan sudan nigeria,
give examples of countries with relevant diagram
and keep in mind that if a question on macro economies come
dont forget to write about OUT GAP ( inflationary and deflationary )
As you have to tell what is happening in the production possibility curve of the economy!

You are right bro..
Sir Zai ne bhi yehi kahaa hai SECTION B mei micro mat touch karnaaa esay que scoring nahi hotay!

 

[Saiyan]

dude u r nt gettin the point.....
it was said that NO written deed was given...hence partnership ACT of 1890 has been applied and according to that act, if there is NO deed then NO IOC n NO SALARY....

Umar is right.

 

[histephenson007]

Hey guys,

My friends just noticed some thick black lines on the sides of some topics in the syllabus. Does that mean anything?! Does that mean that questions are going to come from these chapters in the exam?!

p.s. The syllabus is attached

 

[umarFM]

In the fllexed budget, did we have to use the opening and closing inventory calculated in the firts part of the question to calculate the actual units produced?

no...flexed budget means that production 0f 4400 unit is assumed....

 

[umarFM]

but wasnt 4400 the number of units sold and not produced?

i dnt have a solid argument against this..bt still in flexible budget we are concerned with actual n budgeted sales...all production is supposedly sold...

 

[redapple20]

CAN I ASK YOU SOMETHING.......DID anyone GIVE ACCOUNTING PAPER 2 AS LEVEL THIS 25TH MAY???

meeee

 

[WaleedUQ]

Just woke up
time to study economics have to revise all A.S