[sahersk]

Passed with 73% in my very first attempt! 2 more to go!

[sahersk]

Passed PM & Tax-UK with 67% in my very first attempt!! Really over the moon!!

[sahersk]

Passed with 67% in first attempt!! Really thought I’d fail and had prepared myself for the Sept attempt.

[sahersk]

Please help me out.

[sahersk]

Okay.. I get it!! Thank you!

[sahersk]

Passed with 71% in first attempt!

[sahersk]

it would be a self review threat right?

[sahersk]

Ohkay..Thank you so much!

[sahersk]

Commences **

[sahersk]

But the advance payment commenced from the next year (April 20X8) right?

[sahersk]

Umm okay.. but the Kaplan study text says that PUP should be subtracted from the Investment in Associate regardless of the direction of the sale.

[sahersk]

Ohkay.. that’s a tricky one!
Thank you so much!

[sahersk]

The answer I got is 3980 DR but the Actual answer is 3980 CR..

[sahersk]

Ohokayy..Thanks for the help!

[sahersk]

okay, thank you!

[sahersk]

Ohokay! Thanks a lot!

[sahersk]

It’s in the revision kit of Kaplan.

Normal working week – 36hrs
Basic rate of pay (direct) – $6.2 per hour
Overtime pay – $ 7.5 per hour

Last week, the total hours worked by all these workers are 936. The overtime hours worked was 108. All employees worked at least their basic 36 hours.
What was the Total Direct labor charge?

( The actual answer is $5803.2 although I think the answer should be $5133.6 )

[sahersk]

Thank you so much for the help!

[sahersk]

I understood the numerical part.. Just want to know what exactly is Residual income and Notional interest.

[Author]

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