AQA Accounting Unit 4 - 18 June 2012

Accounting and finance discussion, revision, exam and homework help.

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  1. T-money's Avatar
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    AQA Accounting Unit 4 - 18 June 2012
    Hope the exam went well...I'm just wondering what you guys got for the Payback period, coz it seem as if everyone got 3years but with different months...
  2. kate101100's Avatar
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    Re: AQA Accounting Unit 4 - 18 June 2012
    I Got 3 years 11 months, did anyone else include redundancy payments in year 1? Also what about task 2, provision for unrealised profit etc?
  3. johnyboy65's Avatar
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    Re: AQA Accounting Unit 4 - 18 June 2012
    Yeah I got 3 years and 11months for payback. I got 17640 for stock figure. For contribution statement I got full production for the 2 wallpapers on the right and 40000 for patterned. I chose option 1 to cover the shortfall because made more profit.
  4. Captivity of negativity's Avatar
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    Re: AQA Accounting Unit 4 - 18 June 2012
    (Original post by johnyboy65)
    Yeah I got 3 years and 11months for payback. I got 17640 for stock figure. For contribution statement I got full production for the 2 wallpapers on the right and 40000 for patterned. I chose option 1 to cover the shortfall because made more profit.
    payback 3 year 11 months

    i got 40k 100k 60k

    40k of the one item and rest of all the others.
  5. kate101100's Avatar
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    Re: AQA Accounting Unit 4 - 18 June 2012
    I know I went wrong on the last one - got full production for striped and plain and 40000 for patterned but the profit on my contribution statement was £240000 and then for both options I got losses not profit, not feeling too confident!
  6. londoner1's Avatar
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    Re: AQA Accounting Unit 4 - 18 June 2012
    I got 3 years 11 months for payback
    Financial reasons...redundancy costs, initial cost comes with finance charges but direct costs decrease therefore in the long run become more profitable, short payback period so they still have 6 years and one month to use the machine and maximize profits.
    Non financial , enviroment damage, reputation damage with redundancies, quality may be effected etc
    Chose to go with robots as bring direct cost down massively

    I got 240000 profit fot contribution statement, and for option 1 i got the new contribution for the 60000 patterned left to produce, multiply this and add it to the 240000, if i remember this gave 1200000
    Also option 2, new contribution for 60000 patternd good, and multiply by 60000 and add to 240000, this was 600000
    I said go for option 1 as more profitable and it creates jobs, enhances reputation, quality can be guaranteed, does not give market share to other competitors

    I took away the unrealised profit from the manufacturing profit, and take away unrealised profit from stock in the balance sheet.
  7. londoner1's Avatar
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    Re: AQA Accounting Unit 4 - 18 June 2012
    And yeah was full production of products on the right and 40000 of the patterned
  8. Cathd94's Avatar
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    Re: AQA Accounting Unit 4 - 18 June 2012
    i got 3 years and 11 months, cant remeber any of the other answers thou :confused: hopefully ive done okay thou. the pay back question was worth like 10 marks was it???
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