[Tazz]

@johnmoore said:
What did you write for the income tax refund?

Same as angelamalta. contact hmrc, see how they worked out. tell her to return money if it is a wrong refund. stop acting for her if she doesn’t return.. I just made it up.

[Tazz]

I really don’t know how I did. I think I lost easy marks by not revising enough. Really don’t want to re-take.

Question 2 about companies – what was the answer to the group loss relief. The main one seemed to transfer to the company that the question mentioned anyways (when it said assume all the loss is transfered to one of the other subs)? I definitely lost a lot of marks there.

[Tazz]

Yes, i think so

thank you

[Tazz]

Don’t wrry .. i got it.

[Tazz]

Ah, ok thanks! I was getting really confused.

[Tazz]

That’s all the info that’s been given. ..It’s question 4,mock exam 2.

Thanks

[Tazz]

Sorry! I’ve just figured it out after having a look at the lectures! Thanks!

[Tazz]

Thank You

[Tazz]

Ah, Thank You. I think I missed the bolded bit in the notes.

[Tazz]

I’m confused with this question too.. after drawing the graph, in the answers, it says …

Solve using iso-contribution line
If y =800 and x = 0, then if C = 9x + 8y
C = (8 x 800) = 6,400
Therefore, if y = 0, 9x = 6,400
Therefore x = 711·11

Has this just used random number just to get the contribution line, right? It doesn’t matter which numbers I substitute for C? Because I used, C=7200, to get y=900 and x=800 which I then plotted on the graph.

Also, I’m a little confused with the whole using the contribution line. Does this mean, if in the answer, the contribution line was a lot steeper, and if moved along, it intersected point “d”, we would solve the two equations which meet to form “d”?

Thanks

[Tazz]

Ah, I see. Thanks 🙂

[Author]

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