AQA BUSS 2 4th June Revision thread

yeah,,but still they have to give money because of the immediate cash!

it doesnt make scence, the money is already charged as those 20% of the debt, they wont be charged any more. It means that charge is in the nature of debt factoring , without it it is not debt factoring, I hope u got i mean :smile:

For example, its is the same as saying that u gonna buy car and pay extra money for wheels and engine for it ^^ Its already essential part of the car, same as those 20% of debt factoring ^^

(edited 10 years ago)

Reply 301

Majeue

1

Original post by JG1027

i got (-153) didnt you have to get the actual profit variance - the budget profit variance :confused:

The answer was £154,500 adverse.
actual profit - budgeted profit = profit variance

(edited 10 years ago)

Reply 302

nursy96

Original post by needtosucceed=)

I got 80.9 too I'm not sure how people got 150 :/

Posted from TSR Mobile

I also got 80.9 adverse... can anyone explain how they got 150?

Reply 303

bullyy

i got 80.9 aswell and so did most of my college so its probably right

Reply 304

JG1027

Original post by Majeue

The answer was £154,400 adverse.
actual profit - budgeted profit = profit variance

is it ok if i said it was (-)153 but said in the previous bits that my answers were in £000

Reply 305

Frostyjoe

21

I got 154 (£1,000s) adverse. Would that be right?

That exam was awful and I hated it. I couldn't concentrate with people making a noise behind me. What did everyone else think?

Reply 306

smileyelzz

8

Did any one else get a negative for the actual profit? :confused:

Reply 307

nursy96

Original post by bullyy

i got 80.9 aswell and so did most of my college so its probably right

Yeah, people either got 80.9 or 154.4 so want to know which is right haha

Reply 308

Frostyjoe

21

Original post by Majeue

It was £154,400 adverse.
WHAT THE **** IS DEBT FACTORING? I ASKED MY TEACHER AFTER THE EXAM AND HE DIDNT EVEN KNOW? Does anyone know what it is? I wrote about the overdraft, is that right?

Um it was in the spec... it was in the book.

Reply 309

nevmov

Original post by nursy96

I also got 80.9 adverse... can anyone explain how they got 150?

Variance analysis shows the difference between the actual profit and the budgeted one, it is good to measure the perforamnce of business's workforce, because it shows how ur workforce meets targets.
Favourable variance is when they do well and actuall profits are higher than target. Advers other way round.
In that question u neede to find actual profit ( which is actual TR- actual TC ) . dont remember exactly, i think it was something like MINUS 36000, then u calculate targeted profit, which was someting like 11700, then u subtract 117000 from MINUS 36000 which gives u MINUS 153000. It says to be 153thousands of adverce profit variance.

Reply 310

Majeue

1

Original post by nursy96

I also got 80.9 adverse... can anyone explain how they got 150?

Ok, the budgeted profit was £117,700An the actual profit was -£36800
Profit variance = Actual profit - budgeted profit = -36800-117,700 =-154,500
-£154,500 profit means an adverse profit variance of £154,500
Hope this helps

Reply 311

Frostyjoe

21

Does it matter if you didn't put thousands?

Reply 312

Tarmu

Not too bad of an exam, harder than BUSS1 - as expected. Glad there was a question that heavily linked into motivational theorists

Reply 313

nevmov

Original post by Majeue

Ok, the budgeted profit was £117,700An the actual profit was -£36800
Profit variance = Actual profit - budgeted profit = -36800-117,700 =-154,500
-£154,500 profit means an adverse profit variance of £154,500
Hope this helps

To be more precise, exatly these numbers i got

Reply 314

Majeue

1

Original post by Frostyjoe

Um it was in the spec... it was in the book.

Ahh I was never taught about it...

Reply 315

nevmov

Original post by Majeue

Ahh I was never taught about it...

The nice point is that ur teacher was never taught about that as u said ^^

Reply 316

nursy96

Original post by nevmov

Variance analysis shows the difference between the actual profit and the budgeted one, it is good to measure the perforamnce of business's workforce, because it shows how ur workforce meets targets.
Favourable variance is when they do well and actuall profits are higher than target. Advers other way round.
In that question u neede to find actual profit ( which is actual TR- actual TC ) . dont remember exactly, i think it was something like MINUS 36000, then u calculate targeted profit, which was someting like 11700, then u subtract 117000 from MINUS 36000 which gives u MINUS 153000. It says to be 153thousands of adverce profit variance.