Economics, Accounting & Business: Post your doubts here!

[asdfghj]

hi i'm gonna appear for my igcse exams this october-november session.....!! business studies paper 2 is on 8th nov
i neeeeeeed the formula list (the accounting chapter) badly
please help me out.....!!!!

 

[ktc]

hi i'm gonna appear for my igcse exams this october-november session.....!! business studies paper 2 is on 8th nov
i neeeeeeed the formula list (the accounting chapter) badly
please help me out.....!!!!

* Gross Profit Margin -> Gross profit / Sales turnover

* Net profit Margin -> Net profit / Sales turnover

* Returns on capital employed -> Net profit / Capital employed

* Gearing ratio = loans / equity

^ these are all percentage ratios.


Current Ratio = Current Asset / Current liability (recommendable ratio is 1.5 < 2 : 1 )

Acid test ratio = current asset – stock/ current liability (recommendable ratio is 1 : 1)


Stock turnover ratio = cost of sales/ number of stock


Break Even point = Fixed cost/ (selling price – variable cost per unit)

_______________________________
http://www.xtremepapers.com/papers/CIE/Cambridge International O Level/Principles of Accounts (7110)/7110_w03_qp_2.pdf


Could someone do Q.6? My balance sheet doesn't tally.

Also, does anyone have the marking scheme for this paper?
I couldn't find it on the net.

 

[asdfghj]

* Gross Profit Margin -> Gross profit / Sales turnover

* Net profit Margin -> Net profit / Sales turnover

* Returns on capital employed -> Net profit / Capital employed

* Gearing ratio = loans / equity

^ these are all percentage ratios.


Current Ratio = Current Asset / Current liability (recommendable ratio is 1.5 < 2 : 1 )

Acid test ratio = current asset – stock/ current liability (recommendable ratio is 1 : 1)


Stock turnover ratio = cost of sales/ number of stock


Break Even point = Fixed cost/ (selling price – variable cost per unit)

_______________________________
http://www.xtremepapers.com/papers/CIE/Cambridge International O Level/Principles of Accounts (7110)/7110_w03_qp_2.pdf


Could some do Q.6? My balance sheet doesn't tally.

Also, does anyone have the marking scheme for this paper?
I couldn't find it on the net.

thanks a lot mate!!

 

[urvesh]

NEED HELP! A2 ACCOUNTING - http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s09_qp_3.pdf Q5

Someone please explain!

Thank you!

 

[Vinita Manek]

NEED HELP! A2 ACCOUNTING - http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s09_qp_3.pdf Q5

Someone please explain!

Thank you!

d ans is 0.9...d numb of ordinary shares after conversion are 2100...deduct assets less liablites...u l gt 1890....divide dis total asset value by number of shares ...u l gt 0.9....

 

[urvesh]

d ans is 0.9...d numb of ordinary shares after conversion are 2100...deduct assets less liablites...u l gt 1890....divide dis total asset value by number of shares ...u l gt 0.9....

Thanks Vinita!

 

[Sums786]

hey guys. anyone doing business studies 9707, paper 1 and 2?

 

[urvesh]

One more question - PLEASE HELP!! http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s08_qp_3.pdf QUESTION 27 AND 29 PLEASE!

thanks a lot!!!

 

[Vinita Manek]

One more question - PLEASE HELP!! http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_s08_qp_3.pdf QUESTION 27 AND 29 PLEASE!

thanks a lot!!!

d ans to 28 is b...38715...d formula for material price variance is standard cost per unit minus actual cost per unit d whole multiplied by the actual qt of material used....therefore in dis case...d eqn becomes (9-x)4350=435...on futher solvin u will get d actual price as 8.9....multiply dis wid qty...u l gt d ans

 

[Nadia Hassan]

hey guys. anyone doing business studies 9707, paper 1 and 2?

Yes i am, and im so worried!!

 

[Sums786]

Yes i am, and im so worried!!

So am i.. im worried for tomorrows paper more than the other 1.
Anyways, all the best.

 

[shahmz]

Hello. I wanted to ask that what is the grading of composite papers? like if i mess up one paper of accounting and rest go fine what will happen?

 

[Vinita Manek]

cn ny1 help me wid 9709/04/m/j/06....qt number 1a....y hs d mark scheme taken interest as 10000 n nt 8800??

 

[Vinita Manek]

also cn ny1 tell me in marginal costing wen do v take fixes for work in progress and wen do v not include it???

 

[rjcooo1]

Hey everyone I got stuck at this question when solving a past paper wondering if anyone could help me asap?

Discuss whether a firms revenue would rise, in response to price and income changes,
if the price elasticity and income elasticity of demand for its products became highly elastic [12]

Thanks

 

[SalmanPakRocks]

Hey everyone I got stuck at this question when solving a past paper wondering if anyone could help me asap?

Discuss whether a firms revenue would rise, in response to price and income changes,
if the price elasticity and income elasticity of demand for its products became highly elastic [12]

Thanks

First of all you should know that if the demand is elastic, then increase in price could highly affect the market demand and revenue would fall sharply. But if the price is reduced, then increase in demand would result in revenue for the company but it still depends upon their cost of production.

P.S: Please tell me the year and question number for this question.

 

[Altamash Haroon]

can anyone pls explain the level marking of o'level business studies paper 2?!

 

[cramming]

AS accounting can someone pls explain why it is overstated by $750 and no $375 for Q8! thanks
http://www.xtremepapers.com/papers/...AS Level/Accounting (9706)/9706_w10_qp_13.pdf

 

[alexandernz]

AS accounting can someone pls explain why it is overstated by $750 and no $375 for Q8! thanks
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Accounting (9706)/9706_w10_qp_13.pdf

Lets pretend the expense was $5000. The proper amount would have been $5375 but it has been treated as a prepayment i.e $4625.
The difference between the two is 5375 - 4625 = 750 overstated

 

[cramming]

Lets pretend the expense was $5000. The proper amount would have been $5375 but it has been treated as a prepayment i.e $4625.
The difference between the two is 5375 - 4625 = 750 overstated

Thanks it makes so much more sense now!!! are you doing AS accounting too?