ACCT1002 exam (1 Viewer)

[sarevok]

gary high-pants quinlan said the break-even, CVP calculations would be tested on the MC questions too. (using mikes bikes)

oh, right. i didnt hear the other tutor say that. guess i better revise it then

 

[fush]

PBP can ber quite tricky, just look at the example taken from the 2004 exam on page 6-7 of week 4 workshop.

You first need to calculate the cashflow at each year using the contribution margin (Selling price - Variable Costs) and the Fixed costs.

Cash Flow = (Selling units x Contribution Margin ($) ) - Fixed Costs

Then u can figure out how long it takes to payback the original investment. Im guessing a question like that can be worth 2 marks.

 

[absolution*]

Does anyone know what 'Assets' on the exam template will assess? Intangibles? Gah. Im confused.

 

[Komit]

Don't worry about the exam. We will all fuck it up big time but still pass the course.

 

[fush]

does anyone have te solution to the cashflow question in the week13 revision workshop? im having some serious problems with cashflows and i can't seem to be able to do them...

 

[absolution*]

yeah i can never seem to get them to reconcile either

 

[kow_dude]

does anyone have te solution to the cashflow question in the week13 revision workshop? im having some serious problems with cashflows and i can't seem to be able to do them...

I dont have Gary's answer but i managed to work it out. Sorry about my horrendous writing.

 

[alexialight]

In the workshop 13 revision answers for question 2, why are there 2 extra accounts: carrying amount of machinery sold and proceeds on the sale of machinery when we've never used these accounts before? Do you think we have to use them in the exam? It seems strange because on page 33 of the lecture 7-8 lecture notes it specifically says NOT to use this method.

 

[absolution*]

alexialight: you do not use those accounts. they must have fucked up.