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Tutor, I have studied that standard of care also depends on experience/expertise of the person. If he/she has more expertise so more standard of care is assumed from them.
So why that is not the case here? Wouldn’t it be unfair?
However, I am totally satisfied from your point but still want to clear this last doubt.Yes tutor. Please help me one another question
John, a learner driver, was taking lessons from friend, Steve. Before agreeing to be John’s instructor, Steve checked that John’s insurance covered him as a passenger. On one of the lessons John drove negligently and injured Steve.
What is John’s duty of care in this case?The same standard as a reasonable qualfied competent driver
That of any unqualified learner driver
That which might reasonably be expected of a similarly inexperienced driver
He has no duty of care as the defence of volenti non fit injuria appliesAnswer is A. I did C
Yes. I try to watch if I am unclear because I am short of time. Otherwise your lectures are best.
Thank you for your answer.justynamalz5 wrote: @isabella1 I was replying to you
I do not think so that we were able to find Shares. We were only given equity and amount to get from Finance. We were not given TERP or issue price to find shares after issue. Do you remember how you found number of shares through right issue?
Did anyone got Financial Gearing and Interest Coverage question of Sources of finances in Section C?
AG1999 wrote:What was the answer for Optimum Replacement Cycle? I got 219020 (Using discount rate of 10%) Question was mentioned to calculate to nearest dollar. Did anyone got this question? This was the question from Section A
Yes, I got 209020.
I did an Mcq which has an statement “Working Capital should increase as sales increases”.
I am unable to figure relationship between sales and working capital. Increase in credit sales might need working Capital but if these are cash sales so I don’t think it will affect working capital.If we use other’s experience so we will start from Reflective Observation always? I mean to say that we could have started from Abstract conceptualization or Actual Experimentation.
Question two
In Sales Variance, we compare Actual and Fixed Budget.
In Cost Variances, we compare Actual and Flexed Budget.
Are these correct?Question three:
Flexed budget and Flexible is made under marginal costing? This is why fixed cost is same as budgeted?Every service organisation use service costing? Like an accountancy firm which works on request of client will work on Job costing?
Question 1:
I also read that store’s clerk making good received note so why are we here considering that all GRNs are made by Good Inwards.Question 2:
Please explain this cost reduction might reduce cost in short term but increase in long term.Question 3:
Can you please tell which organisation use service costing and which do not? It is confusing like it is upto organisation like they can consider each unit as job costing? This is upto their discretion?
Secondly, you said that private hospital might use service costing but public hospital might not? Can you please tell why?Sorry for abundance of questions!
First question- Understood! A lot of thanks.
Second Question
He is saying that it “should”. It is necessary to incorporate uncertainity? I mean that decision can be certain while future related as you said forecast based decision can be uncertain.John I have another question for same topic.
Which of the following statements is/are correct?
(i) Information for decision-making should incorporate uncertainty in some way.
(ii) The data used to prepare financial accounts and management accounts are the same.(i) is true and (ii) is false
(ii) is true and (i) is false
Both are true
Both are falseThe answer given is C. I am not able to get first statement. It would be great if you please help.
I am sorry. I don’t mean that. You are my guidance I can only request you. Sorry once again.
Hello Ken,
Chapter Five in BPP study text for MA2 (Information for Comparison)
We are comparing forecast and budget with actual data in the very start of chapter. I want to know what is use of comparing two things which are interrelated.
I couldn’t attach screenshot, otherwise would have highlighted.
