OpenTuition.com Free resources for accountancy students
Free ACCA and CIMA on line courses | ACCA , CIMA, FIA Notes, Lectures, Tests and Forums
June 21, 2018 at 4:43 am
Question 3 is
why is knowledge of each item needed in stratified sampling
John Moffat says
June 21, 2018 at 6:22 am
Because ou need to know what % of the population fall into each category before you can starting taking a sample.
May 24, 2018 at 10:28 am
John I am facing problem in understanding questions I failed twice waste of my money can u plz help me out in this how to self study as I can’t afford tution fee.
May 24, 2018 at 1:58 pm
Please ask in the Ask the Tutor Forum, not as a comment on a test.
May 20, 2018 at 7:38 am
Is q4 part of syllabus ?
May 20, 2018 at 8:57 am
Yes – it would not be there otherwise 🙂
April 8, 2018 at 10:43 am
Dear John Moffat the question 4 in the test above has no explanation in your lectures. Could you please give some explanation?
April 8, 2018 at 3:55 pm
Secondary and primary date are explained in the lectures. Quantitative data is data that can have numbers attached and therefore can be measured. Population data is defined as per the statement in the question.
Continuous data can take on any value. For example if I asked everyone for their age, then there are in infinite number of possible answers (if they were to give their ages to the nearest second!!). More likely I would expect to record your age in years, in which case there are a limited number of possible values – these would be discrete variables.
March 31, 2018 at 12:48 pm
Thanks for the questions. They have helped me to know where i stand in the chapter.
March 31, 2018 at 3:09 pm
You are welcome 🙂
January 28, 2018 at 8:41 am
thanks mr jonh
January 28, 2018 at 9:53 am
You are welcome
December 11, 2017 at 4:34 am
I scored 2. Really need to understanding the various sampling method.
December 11, 2017 at 7:52 am
Have. you watched the free lectures on this?
November 27, 2017 at 1:11 pm
4/5 not bad
November 27, 2017 at 1:53 pm
Not bad indeed 🙂
August 8, 2017 at 11:09 am
F9 bpp text chapter 5 ‘example 2.10.1. Page 108
Grabbit Quick Co achieves current annual sales of $1,800,000. The cost of sales is 80% of this amount, but bad debts average 1% of total sales, and the annual profit is as follows. $ Sales 1,800,000 Less cost of sales 1,440,000 360,000 Less bad debts 18,000 Profit 342,000 The current debt collection period is one month, and the management consider that if credit terms were eased (option A), the effects would be as follows. Present policy Option A Additional sales (%) – 25% Average collection period 1 month 2 months Bad debts (% of sales) 1% 3% The company requires a 20% return on its investments. The costs of sales are 75% variable and 25% fixed. Assume there would be no increase in fixed costs from the extra revenue; and that there would be no increase in average inventories or accounts payable. Which is the preferable policy, Option A or the present one? Solution The increase in profit before the cost of additional finance for Option A can be found as follows.
(a) $ Increase in contribution from additional sales 25% $1,800,000 40%* Less increase in bad debts (3% $2,250,000) – $18,000 Increase in annual profit 180,000 49,500 130,500 * The contribution/sales ratio is 100% – (75% 80%) = 40% (b) (c) Proposed investment in accounts receivable $2,250,000 1/6 Less current investment in accounts receivable $1,800,000 1/12 Additional investment required $ 375,000 150,000 225,000 Cost of additional finance at 20% $45,000 As the increase in profit exceeds the cost of additional finance, Option A should be adopted.
Hello Sir. Please I want to know whether the “RETURN ON EXTRA INVESTMET” could be calculated and then the ratio will then be compared with the REQUIRED “RETURN ON INVESTMENT” as an alternative to solving this question.
August 8, 2017 at 4:29 pm
Why on earth have you typed out all of this as a comment on a test?!!!!
Ask in the Ask the Tutor Forum – not here.
October 29, 2017 at 6:43 pm
hi sir first of all, i would like to say thank you for this very helpful site secondly, im preparing myself to sit for my f2 paper after two weeks so i just want to confirm if i can rely on this site rather than studying bpp revision kit thank you again
October 30, 2017 at 8:10 am
You don’t need to use a Study Text, but you certainly need to use the Revision Kit – it is full of exam standard questions to practice, and practice is vital to passing the exam.
August 8, 2017 at 9:46 am
Wow..5 out of 5. Thanks
August 8, 2017 at 4:28 pm
October 30, 2017 at 10:00 am
sir i don’t want to make you tired but still you didn’t answer my question i have asked before if your site open tuition is good enough for preparing and passing exams with perfect marks
October 30, 2017 at 10:05 am
infact i have practiced its tests 166 times and also practiced its mock exams several times and i was performing well step by step from 62.5 % to 93.3%
October 30, 2017 at 6:20 pm
I don’t know where you asked your question – if it was on this page then I do not always see comment on this page (and this is not the place to ask question like this – you should ask in the Ask the Tutor Forum, not as a comment on a test.)
It is virtually impossible to get perfect marks on the exam!! Our lectures cover everything needed to be able to pass the exam well, but in addition it is vital to practice lots of questions and you must by a Revision Kit from one of the ACCA approved publishers (as we say throughout this website) – they are full of exam standard questions for practice,
August 3, 2017 at 9:30 pm
4/5. Thank you Mr.Moffat.
August 4, 2017 at 6:22 am
Well done 🙂
July 5, 2017 at 9:17 am
5/5. Thanks OpenTuition!
July 5, 2017 at 9:30 am
April 14, 2017 at 11:36 am
5/5 I’m enjoying this
April 14, 2017 at 3:24 pm
February 27, 2017 at 10:43 pm
Continuous, Quantitative and Population Data items didn’t seem to be covered in the lecture or the notes. Where can i find that information?
February 28, 2017 at 6:04 am
They are not mentioned in the syllabus, so I don’t really know why you want them.
July 31, 2017 at 12:05 pm
As you have stated, they are not mentioned on the syllabus. I think Michael is asking because they do however, come up in the above test.
July 31, 2017 at 2:25 pm
Fair point – I will change it. Thanks 🙂
April 8, 2018 at 10:45 am
is question 4 part of syllabus?
January 25, 2017 at 11:31 am
wow.. 5 out of 5.. i am loving this
November 30, 2016 at 10:44 am
I think we have the following typos:
Question 4, bullet 1: “investigated” should read “investigating”? Question 5, question: “quote” instead of “quota”
November 30, 2016 at 2:47 pm
Thanks – investigated should read investigating, and quote should read quota.
I will have them corrected immediately. Thank you for pointing them out.
December 4, 2016 at 7:32 pm
You’re most welcome.
December 5, 2016 at 7:12 am
You must be logged in to post a comment.