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AS Edexcel Official Business Unit 1: Marketing and people - 19th of MAy

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Not too bad :smile:

but i think theme 1 is gonna pull me down. And how the **** do you calculate profit margin. Probably got at least a few marks for showing the formula.

Reply 241

Bobby9444

Well that went better than expected....

Reply 242

kassy12324

How did everyone find it?

Reply 243

GreenNinjaa

I found that to be the best paper so far!
I messes up calculating the current ratio, but everything else was amazing!

Apart from that definition of current liabilities

Reply 244

Bobby9444

What did people get for the calculations?

Reply 245

MrsSheldonCooper

When you see the 20 marker and you're like

Went better than the first paper but I'm still weary about what grade I'll get. The maths questions were so annoying and I ran out of time and did only half a ten marker. And the current liabilities definition question I screwed up..

(edited 7 years ago)

Reply 246

Bobby9444

Original post by GreenNinjaa

I found that to be the best paper so far!
I messes up calculating the current ratio, but everything else was amazing!

Apart from that definition of current liabilities

What did you get?

Reply 247

kassy12324

I got 26000 for the profit, 14.5 for the safety margin

Reply 248

MrsSheldonCooper

Original post by ZULU-WARRIOR

Not too bad :smile:

but i think theme 1 is gonna pull me down. And how the **** do you calculate profit margin. Probably got at least a few marks for showing the formula.

Profit divided by sales rev x 100

Reply 249

Bobby9444

Original post by kassy12324

I got 26000 for the profit, 14.5 for the safety margin

Same but i put 14 for the M.O.S what did u get for the ratio?

Reply 250

kassy12324

Original post by Bobby9444

Same but i put 14 for the M.O.S what did u get for the ratio?

I couldnt work out the current assets so i just did a random number from the table divided by the current liabilities! So i got 0.74:1

Reply 251

Foji

Original post by Bobby9444

Same but i put 14 for the M.O.S what did u get for the ratio?

I got something like 1.287 : 1 or 2.8 : 1, something ridiculous for that, wbu?

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Reply 252

Bruce267099

Original post by Bobby9444

Same but i put 14 for the M.O.S what did u get for the ratio?

It was current assets/ current liabilities.
Expressed in the ratio of what you got :1

So i got 2.99:1

Reply 253

Bobby9444

Original post by Bruce267099

It was current assets/ current liabilities.
Expressed in the ratio of what you got :1

So i got 2.99:1

I got that but didnt put :1 will i lose a mark?

Reply 254

TheASM98

Didn't know whether to include cash as a current asset, so I did both and got 1.8 : 1 (if I remember correctly) and 3 : 1, rounded to the nearest 0.1.

Reply 255

Bruce267099

Original post by Bobby9444

I got that but didnt put :1 will i lose a mark?

Probably becuase it is usually how many times your current assets can pay your current liabilities so yeah just 1.

Reply 256

whitingh

I got 2.99:1 for the current ratio, £26000 for profit and 14 for margin of safety (on the basis that you can't have 0.5 of a unit, especially not 0.5 schools)

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Reply 257

Bruce267099

Original post by TheASM98

Didn't know whether to include cash as a current asset, so I did both and got 1.8 : 1 (if I remember correctly) and 3 : 1, rounded to the nearest 0.1.

I forgot the difference between the acid test and current ratio so i guessed and picked the right one. :biggrin:

Reply 258

whitingh

Overall I'm actually really happy with how it went - much easier than theme 1 (don't want to jinx it)

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Reply 259

GreenNinjaa

Original post by Bobby9444

What did you get?

£26,000 for the profit
Messed up the ratio one, I did current liabilities/ current assets ... Supposed to minus right? Ended up with 1 point something