How to get very high marks in AQA BUSS2?

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Reply 80

Jasmine149

How do we calculate profit margin? It's not in my revision book or in the spec, but I saw it on tutor2U :/

Reply 81

Jasmine149

Original post by MrJwal1

Finance
Revenue= Price x Quantity
Return on capital employed= Net Profit/Total Investment X 100
Net profit margin= Net profit/Revenue X 100
Gross profit margin= Gross profit/Revenue X 100
Operations
Labour turnover= Number of staff leaving in period/average number of staff in period X 100
Labour Productivity= Total output/ Number of employees per period
Capacity Utilisation= Actual Capacity / Maximum capacity x 100
PED= Change in quantity demanded/ Change in price (You wont be directly asked to work it out but you can for the last question) -1 or less is Inelastic and More than -1 is Elastic

how do you calculate gross profit? :/

Reply 82

jeevanpunia

Original post by Jasmine149

how do you calculate gross profit? :/

The gross profit would usually be given to you, all you need to know is the gross profit margin formulae

Reply 83

yoman1109

Original post by Jasmine149

when a factoring company (usually a bank) buys the debts of a business :smile:

how does that help cash flow problemes?

Reply 84

Jasmine149

Original post by yoman1109

how does that help cash flow problemes?

- saves expenses such as overdraft interest charges
- lower administration costs
- reduced risks of bad debts (the factoring company takes this risks instead of the original business)

Reply 85

Jasmine149

how many points are we suppose to make for the 12 and 14 mark question?

Reply 86

aqamaths

Original post by Jasmine149

how many points are we suppose to make for the 12 and 14 mark question?

Full marks can be gained with one well developed point for and one well developed point against with evaluation

Reply 87

yoman1109

Original post by Jasmine149

- saves expenses such as overdraft interest charges
- lower administration costs
- reduced risks of bad debts (the factoring company takes this risks instead of the original business)

Thanks for you help!

Reply 88

kf141998

how would you structure an "analyse" 8 marker

Reply 89

yoman1109

How do you guys find the exam today?

I thought it was alright tbh, not too bad.

I got 19.1% for the net profit margin question, is it right or wrong ?

Reply 90

g_forcellati

Original post by yoman1109

How do you guys find the exam today?

I thought it was alright tbh, not too bad.

I got 19.1% for the net profit margin question, is it right or wrong ?

I thought the exam was banterous.
However, I got 1.45% for the net profit margin. how did you work out yours?

Reply 91

yoman1109

Original post by g_forcellati

I thought the exam was banterous.
However, I got 1.45% for the net profit margin. how did you work out yours?

some of my friends got the same with you

think is because we might got the different selling price,

£6.33 or £6.7

(edited 8 years ago)

Reply 92

Jasmine149

Original post by yoman1109

How do you guys find the exam today?

I thought it was alright tbh, not too bad.

I got 19.1% for the net profit margin question, is it right or wrong ?

I forgot how to work out net profit margin :redface:

but other than that everything was ok idk :/

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Reply 93

ops348

Original post by g_forcellati

I thought the exam was banterous.
However, I got 1.45% for the net profit margin. how did you work out yours?

I got 8%, I thought it was Net Profit / Sales and not Sales Revenue

Reply 94

yoman1109

Original post by Jasmine149

I forgot how to work out net profit margin :redface:

but other than that everything was ok idk :/

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good for you mate!

Reply 95

yoman1109

Original post by ops348

I got 8%, I thought it was Net Profit / Sales and not Sales Revenue

do you remember how to work that out?

Reply 96

Giuly1234567

Anyone did the Edexcel paper?

Reply 97

mabz786786

I got 1.45% but rounded it to 1.5%..🙈

Reply 98

ops348

Original post by yoman1109

do you remember how to work that out?

I don't remember it exactly, but I remember the final calculation I did was 200,000 / 2,500,000 * 100

The 200,000 was the net profit I worked out earlier and the 2.5 million was the amount of sales (I think). I'm quite confident in the 200,000 part as that was just working out net profit the only question is do you divide it by the sales revenue or just the amount of sales.