series 2 2015

8/20/2019 Series 2 2015

http://slidepdf.com/reader/full/series-2-2015 1/21

Pearson LCCI

Certifcate in Advanced

Business CalculationsLevel 3

Friday 27 March 2015 Paper Reference

Time: 3 hours ASE3003/2

!

"ou #ill need:

An answer book

Instructions• Do not open this examination paper nti! yo are to!d to do so by the

sper"isor#• $se $lac%/$lue ink or ba!!%point pen• & pencil can only be used for graphs, charts, diagrams, etc#• 'nsre yor answers are written c!ear!y#• (e)in yor answer to each *estion on a new pa)e#• +rite on both sides of the pa)e#• A!! answers mst be correct!y nmbered bt need not be in nmerica! order# ,f

yo need more space- se the additiona! sheets pro"ided# +rite yor name-candidate nmber and *estion nmber on each sheet and attachthem to the inside of yor answer book# .tate- on the front of yoranswer book- the nmber

• of additiona! sheets attached#• Answer all *estions#

+orkin)s mst be shown#

In&ormation• /he tota! mark for this paper is 100#• /here are ei)ht *estions in this *estion paper#• /he marks for each *estion are shown in brackets• – use this as a guide as to how much time to spend on each question.• o may se mathematica! and statistica! tab!es#

o may se a ca!c!ator pro"ided the ca!c!ator )i"es noprintot- has no word disp!ay faci!ities- is si!ent and cord!ess#

/he pro"ision of batteries and their condition is yorresponsibi!ity#

Advice• Read each *estion caref!!y before yo start to answer it#• heck yor answers caref!!y if yo ha"e time at the end#

Turn over

P34A *P46988A*62015 Pearson 'dcation td#

181818181

8/20/2019 Series 2 2015


Ans#er ALL 'uestions(

Miss Marsha!! has a bank accont on which sim)le interest isearned at 1#59 per annm on credit ba!ances :r;# /he bankchar)es sim)le interest at 9 per annm on debit ba!ances :Dr;#

,nterest is ca!c!ated at the end of each day on the crrent ba!ance ata dai!y rate of interest that is 18<35 of the anna! rate- and credited ordebited to the accont at the end of the month#

/he accont for .eptember is shown be!ow#

*ate *etails *e$it Credit Balance

+ + +

<1 A) (a!ance c8f =

.ept he*e 2-50#00 2-2<#2 r

12.ept

he*e <-000#00 173#72 Dr

23.ept

Deposit = 2-10#7 r

/he ba!ance at the end of .eptember :!en)th <0 days;- beforeinterest- is >2-10#7 in credit#

:a;a!c!ate the?

:i; openin) ba!ance carried forward from <1 A)st,-

:ii; amont of the deposit made on 23 .eptember#,-

:b;.how that the interest earned from the 23 .eptember depositto the end of .eptember is >0#5- and pro"ide a moreaccrate @)re#

,.-

:c;a!c!ate the interest char)ed for the period in .eptember whenthe accont was in debit#

,2-

/he interest earned for the @rst < days of .eptember is >0#333

:d;a!c!ate the ba!ance at the end of .eptember :!en)th <0 days;after interest is paid and char)ed#

,3-

/he bank char)es ><0 for writin) a !etter to Miss Marsha!! :on 1ctober; te!!in) her that she has been o"erdrawn#

:e;a!c!ate this char)e as a m!tip!e of the interest char)ed forthe period in .eptember when the accont was in debit#

,2

- ,Total &or uestion

3 mar%s-

2

8/20/2019 Series 2 2015


P34A

8/20/2019 Series 2 2015


2 Ba"in bo)ht nit trsts and in"ested for income# Ce in"ested>1<0-000 in a nit trst with an oer price of >35 per nit- and so!dthe nits after < years at the same price# Drin) this period herecei"ed income from the nits of >10-420# /his income was notrein"ested in nits#

a!c!ate the?

:a;nmber of nits prchased,2-

:b; percenta)e yie!d per annm,2-

:c; income per nit for the who!e <%year period#,2-

Ba"in paid the fo!!owin) char)es for the nit trsts?

Fee on prchase? 0#19 of the sm in"ested on prchase

Fee on sa!e? 0#29 of the sm recei"ed on sa!e

Fnd mana)ement fees of >1-00

a!c!ate?

:d; the tota! char)es paid,2-

:e; the tota! char)es as a percenta)e of the ori)ina! in"estment,2-

:f; Ba"inEs net income#,2

- ,Total &or uestion 2

2 mar%s-

3

P34A

8/20/2019 Series 2 2015


Turn

over

8/20/2019 Series 2 2015


BLA1PAE

.

P34A

8/20/2019 Series 2 2015


3 Manfactrer A se!!s Prodct P for >275 per nit# Manfactrin) costs are asfo!!ows?

Fixed costs per period >715-000

ariab!e costs >15 per nit

:a;a!c!ate the?

:i; contribtion per nit,-

:ii; break%e"en point in nits prodced and so!d#,2-

Manfactrer A se!!s Prodct G for ><00 per nit# Manfactrin) costs are asfo!!ows?

Fixed costs per period >15-000

ariab!e costs >140 per nit

:b;Draw a break%e"en chart for Prodct G- to an appropriate sca!e# or chart sho!d co"er prodction :otpt; from 0 nits per periodto 2-500 nits per period#

,3-

:c; .how c!ear!y on yor chart the?

:i; otpt :nits; for break e"en,-

:ii; tota! manfactrin) cost for break e"en,-

:iii; pro@t for an otpt of 2-000 nits,2-

:i"; otpt for a !oss of >55-000,2


2 mar%s-

8/20/2019 Series 2 2015


!

P34ATurn

over

8/20/2019 Series 2 2015


. :a; /he (a!ance .heet of Retai!er A at the end of the @rst year of tradin) is shown be!ow#

Balance Sheet as at 3*ecem$er "ear

+ + +

4i5ed Assets Fi)reomitted

Current Assets

.tock 4-500

Debtors 1-40

(ank 2-0<5

ash 45 23-520

Amounts due #ithin 2months

trade creditors 11-050

1et Current Assets 15-70

231-<00

Amount due a&ter 2 months

mort)a)e on premises :4<-00;

137-500

$sin) the abo"e @)res from the (a!ance .heet- ca!c!ate for Retai!erA the?

:i; crrent ratio

,2-

:ii; borrowin) ratio :capita! )earin) ratio;,2-

:iii; @xed assets#,2-

6

8/20/2019 Series 2 2015


P34A

8/20/2019 Series 2 2015


:b; Drin) 201 the fo!!owin) information re!ates to Retai!er (#

+

Het sa!es 40-000

ost of )oods so!d <1-000

penin) stock 2-500

!osin) stock 14-500

a!c!ate the?

:i; )ross pro@t ,2-

:ii;

net prchases ,2-

:iii; rate of stock trno"er :stocktrn; per annm#,3

- ,Total &or uestion .

3 mar%s-

7

P34A

8/20/2019 Series 2 2015


Turn

over

8/20/2019 Series 2 2015


! /he estimated costs and retrns for in"estment ProIect P are as fo!!ows#

+

ost 3-000-000

ear 1 net cashinJow

2-000-000

ear 2 net cashinJow 2-500-000

ear < net cashinJow

<-000-000

ear net cashinJow

1-500-000

:a; a!c!ate the payback period of ProIect P in years and months#,.-

/he potentia! in"estor for ProIect P re*ires a payback period of threeyears or better#

:b; Ad"ise the potentia! in"estor for ProIect P# o mst )i"e a reason foryor ad"ice#

,2-

/he in"estor estimates the fo!!owin) @)res for an in"estment in ProIectG?

,nitia! cost of proIect >15-000-0

00'xpected !ife of proIect 3 years

/ota! retrn before a!!owin) for repairs andmaintenance

>25-00-000

A"era)e cost per annm of repairs andmaintenance

>50-000

:c; a!c!ate the expected a"era)e rate of retrn of ProIect G#,.-

,n"estment ProIect R is estimated to ha"e a net present "a!e of>50-000 at a discont factor of 79 and a net present "a!e of ne)ati"e>150-000 at a discont factor of 9#

:d; a!c!ate the interna! rate of retrn of ProIect R#,2

- ,Total &or uestion !

2 mar%s-

8/20/2019 Series 2 2015


8

P34A

8/20/2019 Series 2 2015


6 /he fo!!owin) tab!e smmarises the bankrptcy of two companies#

Com)an9 A

+ +

Assets

/ota! assets a"ai!ab!e for creditors 520-000 =

Lia$ilities

/ota! owed to secred creditors 0<-000 =

/ota! owed to nsecred creditors 50-000 <50-000

/ota! !iabi!ities = 340-000

*istri$ution o& Assets

Assets a"ai!ab!e for nsecred creditors = =

Rate in the pond paid to nsecred creditors = 0#1

:a; a!c!ate- for ompany A- the?

:i; tota! !iabi!ities ,-

:ii;

assets a"ai!ab!e for nsecred creditors ,2-

:iii; rate in the pond paid to nsecred creditors,2-

:i"; amont owed to an nsecred creditor who is paid >22-100,2-

:"; tota! assets as a percenta)e of the tota! !iabi!ities#,2-

:b; a!c!ate- for ompany K- the tota! assets a"ai!ab!e for creditors#,.


3 mar%s-

;

P34A

8/20/2019 Series 2 2015


Turn

over

8/20/2019 Series 2 2015


7 Manfactrer M bys two machines- A and (# Machine A costs>1<5-000 and is estimated to ha"e a !ife of @"e years and a scrap"a!e of >15-000# ,t is depreciated by the e'ual instalment :strai)ht!ine; method#

:a;$sin) the e'ual instalment method- ca!c!ate the?

:i; tota! amont to be written o o"er the !ifetime of the machine

,-

:ii; amont to be written o in the @rst year,-

:iii; book "a!e after one year,2-

:i"; accm!ated depreciation after three years#,2-

Machine ( is depreciated by the e'ual instalment method o"er for

years# ,t has the same scrap "a!e of >15-000 as Machine A# ,t a!sohas the same book "a!e at the end of one year as Machine A#

:b; a!c!ate the ori)ina! cost of Machine (#,.-

Manfactrer H bys Machine for >150-000 and depreciates it bythe reducin< $alance :diminishin) ba!ance; method with ananna! rate of depreciation of 9#

:c; a!c!ate the book "a!e of Machine after two years#,2


2 mar%s-

8/20/2019 Series 2 2015


0

P34A

8/20/2019 Series 2 2015


8 An index of prodction had the fo!!owin) "a!es o"er the period 2011to 201- with 2011 as the base year#

20 202 203 20.

100#0 115#0 110# 115#0

:a;a!c!ate these indices as a chain base index# Bi"e yor answers toan appropriate de)ree of accracy#,.-

:b; a!c!ate the wei)hted a"era)e cost per item on a prchase of

<00 items- where? 100 of the items cost L5#1< each

0 of the items cost L5#01 each

50 of the items cost L#4 each

the remainin) items cost L#45 each#,.-

:c;e!!y prchased 50 nits of Prodct A at ><#30 each- and a

frther 0 nits of Prodct A at a dierent price per nit# /he

a"era)e cost per nit was ><#53 a!c!ate the?

:i; tota! cost to e!!y,2-

:ii; cost per nit of the frther 0 nits#,3


3 mar%s-

T=TAL 4=> PAPE> 00?A>S

8/20/2019 Series 2 2015


P34A

8/20/2019 Series 2 2015


BLA1PAE

series 2 2015

Documents