Economics, Accounting & Business: Post your doubts here!

[AlphaBeta]

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.

cool cool

 

[AlphaBeta]

how is the answer D ?

 

[AlphaBeta]

pls hlp ...

 

[:: A^]

View attachment 38707
pls hlp ...

Is the answer C ?

 

[AlphaBeta]

Is the answer C ?

ya

 

[:: A^]

ya

During a slump spending is more and taxes are less. (G>T) so if they increase tax in this situation, it will help the government maintain their budget. (Moving towards G=T)
Further, during a boom, spending is less and taxes are more. (G<T) so if the reduce tax in this situation, it will help balance. (Moving towards G = T) again.

Hence, answer = C

 

[AlphaBeta]

whats the answer ???? the mark scheme says B and Examiners Report also says B but it also says this

 

[:: A^]

View attachment 38786
whats the answer ???? the mark scheme says B and Examiners Report also says B but it also says this
View attachment 38787

But the right answer is B anyway!

 

[:: A^]

http://papers.xtremepapers.com/CIE/... AS Level/Accounting (9706)/9706_w06_qp_4.pdf

Question 3, how to find the opening balance for retained earnings?

 

[TheZodiac]

View attachment 38786
whats the answer ???? the mark scheme says B and Examiners Report also says B but it also says this
View attachment 38787

Answer is B.
This is because it's clear, isn't it? What happens during productive efficiency? The firm produces at minimum of Average cost. At point X, the firm is not productively efficient and therefore is producing before the cost-minimizing level of output.

 

[Sarah Paul]

Any one has notes on expenditure switching and expenditure dampening policies?

 

[TheZodiac]

Any one has notes on expenditure switching and expenditure dampening policies?

I'll explain it here.
Expenditure dampening policy, as the name suggest are the ways in which the government cuts off its expenditures in order to reduce the aggregate demand in an economy. This can be done in the following ways:
1) Contractionary Fiscal policy: Includes taxes and government expenditure (Increases taxes and reduces government expenditure)
2) Contractionary Monetary policy: Money supply and interest rate (reduces money supply and increases interest rate)

Whereas in expenditure switching policy, the government tries to switch the consumer's expenditure from imports to locally manufactured products. For this to be successful, government must undertake capital good imports as to provide quality products.

http://www.s-cool.co.uk/a-level/eco...-does-a-government-reduce-a-current-account-d

 

[Sarah Paul]

I'll explain it here.
Expenditure dampening policy, as the name suggest are the ways in which the government cuts off its expenditures in order to reduce the aggregate demand in an economy. This can be done in the following ways:
1) Contractionary Fiscal policy: Includes taxes and government expenditure (Increases taxes and reduces government expenditure)
2) Contractionary Monetary policy: Money supply and interest rate (reduces money supply and increases interest rate)

Whereas in expenditure switching policy, the government tries to switch the consumer's expenditure from imports to locally manufactured products. For this to be successful, government must undertake capital good imports as to provide quality products.

http://www.s-cool.co.uk/a-level/eco...-does-a-government-reduce-a-current-account-d

thanks

 

[TheZodiac]

Candidate response booklet by CIE! I hope it helps, remember me in prayers.
http://www.4shared.com/office/E-aiD45ace/9708_Economics_Example_Candida.html

 

[AlphaBeta]

Candidate response booklet by CIE! I hope it helps, remember me in prayers.
http://www.4shared.com/office/E-aiD45ace/9708_Economics_Example_Candida.html

jazakallah

 

[zara97]

hey how do we treat fixed overheads in process accounts when a work in progress arises, i mean do we allocate it over all units entering the process (normal activity) or just the completed units. urgent help needed on this!!!!!

 

[zara97]

hey how do we treat fixed overheads in process accounts when a work in progress arises, i mean do we allocate it over all units entering the process (normal activity) or just the completed units. urgent help needed on this!!!!!

 

[AlphaBeta]

hey how do we treat fixed overheads in process accounts when a work in progress arises, i mean do we allocate it over all units entering the process (normal activity) or just the completed units. urgent help needed on this!!!!!

we have to allocate only if fixed OH is given as per hour
we dont allocate if per unit

 

[AlphaBeta]

Why isnt it B ?? the answer is D but how ?

 

[zara97]

we have to allocate only if fixed OH is given as per hour
we dont allocate if per unit

how? plz tell me the treatment if FOH given per unit n per hour?