[stacey67]

@bennet846 said:
Coming back to the debt / (debt+equity), who calculated 35 / 35+100?

My understanding is debt+equity will always equal 100%, therefore the calculation will be 35/(35+65) so debt = 35% and equity = 65%

Agreed.

[stacey67]

Q1- i) I evaluated the performance report in light of the strategic change (new website, closure of stores and new mission). This was ok but hope I got enough points down.
ii) Intergrated report- the three sources of capital (financial, human and social and relationship). I basically said the financial aspect wasn’t shown as it gave only the profit and loss account side and now the capital invested. Basically wrote the same thing for human and social and relationship as there was only a total for staff costs.
iii) struggled through trying to understand what the question and situation was about for the stakeholder Mendelow matrix- hadn’t seen anything like this before.
Iv) EVA was a fair enough question although I ended up with -1.3m. I left the depreciation in the accounts in and deducted the economic depreciation

2a) ABM. Tricky but loads of examples in the scenario. Problem was trying to piece these together. I put that the large amount of overheads are being allocated by direct labour hours and this isn’t fair for products which don’t have high machine hours. Also that a high amount is incurred before production and these can be reduced through better planning.
2b) ABM problems-
Information systems aren’t compatible
Hard to identify cost drivers

3a) only managed an indicator for economy and efficiency.
Economy- salary compared to national and average hourly pay against national average. Conflicts because this resulted in higher turnover for school 1.
Efficiency. Not sure if I wasted my time but I did the percentage of students which exceeded targets per teacher.
Effectiveness/ didn’t have the time.

3b) limitations of data and league tables:
Downward cycle of schools which underperform
Manipulation of school 1 who might get students to do weaker subjects
Subjective in the way expectations were set
Incorrect data carried over from past schools in arriving at expected
Schools shouldn’t be measured on the same thing if they have different objectives.
The targets were only for kids that leave at 16 whereas they may have found employment later in life.

I changed my approach and gone for quality over quantity this time round in terms of the depth of my answers. However it means I’m not giving for example 12 points for a 12 mark question but 4 instead

Overall this was a really time pressured exam which seemed to have far more content than December (just failed). The amount of content to be absorbed and then written especially for the 25 markers is unrealistic in my opinion. Isn’t fair and is dissapointing that the depth and amount of the syllabus comes down to a frantic 3hrs odd.

[stacey67]

I put debt as 35% and equity as 65% as it had debt 35% of debt + equity. This is different from debt being 35% of equity as has been the case in previous exam questions I.e Iron Chicken

[stacey67]

Probably about 9 I’d say

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