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- January 30, 2024 at 4:12 pm #699337
Hello Sir, i am a university and acca student and i have this question as an exams but could not solve it.
I am really confused about this question , please i want you to help find the actual profit maybe for 2013 and and the revenue & budgeted expense for year 2016 then i can be able to use your tactics to get year 2014 and 2015.If you see 2016, budgeted revenue and budgeted expenses figure were not given and we are asked to search for the likely profit and to express the result in standard form
This is the question below:
The following table shows the revenue and expenses of DYI Stores Ltd, a high street chain selling DYI goods.
Revenue Expenses Actual budgeted profits
2013 £ 316,449,668.60 £ 313,395,191.59 profit £ 3,046,000.00
2014 £ 354,423,628.83 £ 344,734,710.74 £ 9,561,000.00
2015 £ 396,954,464.29 £ 379,208,181.82 £ 18,115,000.00Budgeted Revenue Budgeted Expenses
2016a. Complete the above table
b. What is the likely profit for 2016? Express your results in standard form
c. Based on the above table, explain the law of probability and calculate the likelihood of your actual profits being higher than the budgeted profits.January 30, 2024 at 9:33 pm #699351Please do not simply type out a full question and expect to be provided with a full answer.
You can’t expect us to answer a question for you, that you have been given to do. If it’s an assignment question then ask your tutor, if it’s from a book, you must have an answer in the same book in which you found the question.
So ask about whatever it is in the answer that you are not clear about and then I will explain.But I will not answer a question that I haven’t got the original question and have not worked through the answer for myself.
I don’t think all of the information is here to answer this question.You can find everything needed to be able to answer this question in our free lectures. The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.
January 31, 2024 at 10:16 am #699392The following table shows the revenue and expenses of DYI Stores Ltd, a high street chain selling DYI goods.
Revenue expense Actual Profit Budgeted Profit
2013 £ 316,449,668.60 £ 313,395,191.59 ? £ 3,046,000.002014 £ 354,423,628.83 £ 344,734,710.74 ? £ 9,561,000.00
2016 Budgeted Revenue Budgeted Expense
? ?
(a) The question what will be the actial profit for 2013 & 2014?
(b) What will be the likely profit for 2016?
Sir,
I can easily calculate the actual profit for both 2013 and 2014
January 31, 2024 at 6:20 pm #699418As I have already stated:
I will not answer a question that I haven’t got the original question and have not worked through the answer for myself and also I don’t think all of the information is here to answer this question. - AuthorPosts
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