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Hi Kim, I’m stuck on Unit 7. I read through the section and your comments and I am still a bit confused.
Here is my interpretation, you can let me know where I am going wrong,
I used the formula Y= a + bX1 + cX2 + dX3 + eX4 (this one is where I start to get confused).I know that “a” is the intercept under coefficient column, “b” is the Distance from Capital multiplied X1, “c” is the Population multiplied X2, “d” is Ticket barrier spend multiplied by X3. However they only gave us 3 variables. How do i calculate the fourth variable? Also do I include a “+” or “-” sign if the amount is positive or negative.
Thank you open tuition for having these forums as it was very helpful for me to get through some of the questions while doing my module. To those of you who are struggling, try to read and understand the question again & again, and you can get the answer actually. Keep your mind simple and dont worry if you are stucked, just keep reading back all the guidance here in this forum and you will get the answer. Thank you once again open tuition. This has helped me a lot.
I have 50% passed this unit 8 analysing strategic options quiz, namely Q2, Q4 and Q5, so I will be doing guides on these 3
for Q2,
After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. This has meant that the material imports from CETA have become significantly more expensive. The translated cost of these imported materials from CETA in the current P/L account is $M’1,100,000. The purchasing team have identified an alternative domestic supplier source for all of the imported materials from CETA, who will charge Telford Engineering the same amount as it originally cost the company to import these materials at the pre-MEXIT exchange rate. Calculate the effect on net profit (to the nearest $M’000).
for this question, current cost is SM’1,100k
original cost is current cost * (current rate/original rate)
answers aka EFFECT ON NET PROFIT is based on difference between CURRENT COST and ORIGINAL COST
Q4 = only calculate 60% of staff cost under PRODUCTION COST (the rest can just remain as it is)
Q5 = sales * 1.1, material costs = 30% of sales (the rest can just remain as it is)
btw, I have trouble with Q3:
Non-core functions in the General Administration department can be outsourced, saving 20% of the staff costs and other costs, included immediately below under the general admin heading, as stated in the current P/L account. Calculate the effect on net profit (to the nearest $M’000).
For your info, under general admin heading has staff, other, accounting, and finance costs; idk what are the non-core functions
Ps: regarding Q2, 4 and 5, I believe I have made QUITE a detailed guide on those questions cuz they took like an hour for me because I have to experiment on the P&L before AND after MEXIT
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