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Hello All
Can anyone provide guidance on how to answer all 6 questions as this is proving difficult.
Thanks in advance
F
@R89dup said:
Thing I missed was they are asking for the EFFECT on Net profit. Read carefully! Took less than 10 minutes to complete it all after I re-read the red page of instructions.You saved me!!!!The magic word is EFFECT!! I was trying for hours and I thought that I’m stupid!
Thank you so much!!Please take the time to read my posts on this and other recent threads on this forum. I think I have provided sufficient guidance now for these modules to be completed. If not, please ask a specific question.
Hello there, please help me with unit 8. i am desperately in need.I have been working on it for months but cant seem to get it
Hi,
I hope this post will answer some of your concerns about unit 8. I have been struggling with it for a while myself until I came across someone explaining one of the questions and how they got tot he answer. I should start by saying I will not provide the answer but just the method. Once I used this for questions 5 I was able to apply the same logic to question 4 and 6 to achieve the 50% pass (I was unable to redo questions the first three questions as when I checked my answers I achieved 50% and had to continue).
Question 5:
The calculations will be based on the AFTER MEXIT column.Adjust the sales after MEXIT by the specified % and material cost is should be calculated based on the new sales figure. All other costs remain same.
After you got the new profit figure, calculate the difference of old net profit (after MEXIT) and new net profit.
I hope this clears thing up for some people 🙂
I spent hours racking my brain over questions that only took 3 minutes each.
EFFECT on Profit…I will never let this catch me out again.Hi,
I would like to ask about Unit 7 Q2. I believe it is an optimization problem (prescriptive analysis) but I am stuck on what to do. I kept thinking if I should optimize sales, then use profit equation, insert the value of 250k as cost and be deducted away from optimized sales will then I be able to get the maximum profit. Please do advise.
Sorry let me rephrase, I would like to ask about Q3, not Q2. Okay as I read through the earlier comments, I find that the additional profit is equal to revenue since there is no VC. So, by using the same sales equation created from regression, then the variable that needs to be changed is the $ spent on ticket barrier system. However, what about the rest of the variables? Are they still the same value as in Q2?
No it’s nothing to do with optimisation – it’s simply asking, using the regression formula, by how much do you predict profit to change (this amount being equivalent to sales) if you change one of the variables. You have no choice but consider this one change in isolation – but it also makes sense – how does $ spend change distance or population, for example? It doesn’t.
Thank you Kim for the guidance. I managed to find the value desired and it just requires another step – rather, a simple maths to solve the question, “how much MORE profit can be earned” – to complete the job. Moving on to Unit 8
Hi Kim,
I would like to ask about the Telford Engineering “Creating the Report” part, for Q2 and Q3, I had got the wrong values and I am not sure what steps have I not included? For now, I have so far accounted for the increase in staff departmental costs (except Accounting Dept.) and the increase in salaries for replacement staff in Accounting Dept. I am wondering have I not accounted for the decrease in exports & increase in import costs – due to exchange rate – yet which would affect the sales volume?
Can you please read through my posts concerning the final assessment on this thread. See above for example – it’s a matter of reading the instructions and information carefully – there are no “tricks”.
Yes Kim, noted. May I ask how about for calculating and comparing the accounting costs of 2 options? I got Q1 and Q2 wrong except Q3, yet I still passed which I am not very content with! What is it that I have done wrong? For Q1, first of all, the question was telling me there was 10% INCREASE IN CURRENT SALARIES and an ADDITIONAL 25% for PAYROLL COSTS (which means increase in accounting admin cost: material & variable overhead by 25%??). As for Q2, I had ignored the outsourcing cost & the total cost of making staff redundant but focused on the non-staff cost savings and the 20% increase in salary. Yet, I still got them wrong. May I get you advise on this?
I cannot provide any more detail because I do not have access to the module itself. I have some additional notes but I am away from my office this week. If I can find anything else when I am back in my office on Monday I will reply further.
Hello, I’ve tried severally to get the answers using the effect and its not working. Can you help breakdown how you went about it? Could help me get it right on subsequent attempts. Thanks!
@Mida31 – I suggest you take a break from it – I think a problem with simply trying and retrying over and over is that you don’t see anything different in the wording and just make the same mistakes. I recommend you read carefully through the hints dotted around this post – take a break – and then try and attempt it with “fresh eyes”.
As I have said before I don’t have access to the module but look out for these types of details:
“EFFECT on NET PROFIT”
“to the nearest $M’000”
“INDEPENDENT strategies”
“USE the following profit or loss statement as the BASIS for your analysis”
“ASSUME that ….”
etc, etcThank you for all the posts as I got really stuck and thrown completely. I read and re read these posts and the word EFFECT is the winner! I was about to give up.
THANK YOU Melanie! I wish others would believe me when I just say to READ CAREFULLY 🙂
@anubhutityagi – you’ve found the right thread – please read my posts on it.
Hi
i had struggled for Telford unit 8 answers
I won’t give the direct answers, but keeping the ethical behavior intact i would like to help the students who are struggling.As you have to score only 50% to pass so i will suggest to focus more on Question No. 3,4,5 as these are easy.
Most important thing is you need to report the differential figures between MEXIT P&L and new P&L (after applying the changes mentioned in stated Questions).
This is the only trick and i hope i have not violated any ethical rules.
TC and Good Luck.
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