F292 Practice Papers

Break-even was the number of T-Shirts that the business had to sell in order to make up for fixed costs. In this case, they needed to sell 200 in order to gain £1000 which is the break-even point. Margin of safety is basically the surplus of this number in which becomes profit, so it was 15 T-shirts or £75.

Ohhh I get it! yay I got the margin of safety question right then Thanks. Also it doesn't matter if I wrote 3 1/2 years for ppb instead of 3 years 6 months right?

HAHA YES!!! Every question I revised and made model answers of came up today
Simply the matter of remembering what i wrote.

Payback was definitley 3 years and 6 months

ARR was 10%

Glad to hear for you bud, hope you didn't get a U again! I reckon I might of just done enough for an A providing that the raw mark is approximately 55/90 for an A, I probably got like 45 odd marks from the longer questions and 20 from the Section A and calculations.

As soon as she said we could turn over our papers i instantly looked at the essay questions and once i seen them all i started laughing, then 2 and a half hours of straight writing and my handwriting was terrible , managed to fill every essay to the end so no blank pages.
Actually the 20 marker i left one page out due to time contraint but still finished it as in getting a good conclusion in.

think the only place i slipped up in was 2 examples of below the line promotion i was like what the hell is this!!

managed to get the margin of safety and found the payback and ARR so easy. That's why i hope it will get me into Newcastle Uni for Accounting in September fingers crossed

Also where do you get the 55/90 for an A from?
I thought it was 80% of the exam for an A which in this case would be 72 marks?
Or 70% for a B, 63 marks

For the ARR and Payback question were you allowed to include other information as well? As i included about increased number of staff, new product range etc and im worried your not supposed to include that now ?

Good luck! And I'm not sure really haha, reckon I got a B then based on that!

the grade boundaries for this exam have always been low. The highest it has ever been for an A I think was 58

Then I should have an A then? Haha, we'll see anyway.

Completely blanked out and forgot most stuff, ohh well !