• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Business calcualtion on numeracy and analytical skills

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Business calcualtion on numeracy and analytical skills

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by LMR1006.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • January 30, 2024 at 4:12 pm #699337
    iyamu
    Participant
    • Topics: 286
    • Replies: 171
    • ☆☆☆

    Hello Sir, i am a university and acca student and i have this question as an exams but could not solve it.
    I am really confused about this question , please i want you to help find the actual profit maybe for 2013 and and the revenue & budgeted expense for year 2016 then i can be able to use your tactics to get year 2014 and 2015.

    If you see 2016, budgeted revenue and budgeted expenses figure were not given and we are asked to search for the likely profit and to express the result in standard form

    This is the question below:

    The following table shows the revenue and expenses of DYI Stores Ltd, a high street chain selling DYI goods.
    Revenue Expenses Actual budgeted profits
    2013 £ 316,449,668.60 £ 313,395,191.59 profit £ 3,046,000.00
    2014 £ 354,423,628.83 £ 344,734,710.74 £ 9,561,000.00
    2015 £ 396,954,464.29 £ 379,208,181.82 £ 18,115,000.00

    Budgeted Revenue Budgeted Expenses
    2016

    a. Complete the above table
    b. What is the likely profit for 2016? Express your results in standard form
    c. Based on the above table, explain the law of probability and calculate the likelihood of your actual profits being higher than the budgeted profits.

    January 30, 2024 at 9:33 pm #699351
    LMR1006
    Keymaster
    • Topics: 4
    • Replies: 1478
    • ☆☆☆☆☆

    Please do not simply type out a full question and expect to be provided with a full answer.
    You can’t expect us to answer a question for you, that you have been given to do. If it’s an assignment question then ask your tutor, if it’s from a book, you must have an answer in the same book in which you found the question.
    So ask about whatever it is in the answer that you are not clear about and then I will explain.

    But I will not answer a question that I haven’t got the original question and have not worked through the answer for myself.
    I don’t think all of the information is here to answer this question.

    You can find everything needed to be able to answer this question in our free lectures. The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.

    January 31, 2024 at 10:16 am #699392
    iyamu
    Participant
    • Topics: 286
    • Replies: 171
    • ☆☆☆

    The following table shows the revenue and expenses of DYI Stores Ltd, a high street chain selling DYI goods.

    Revenue expense Actual Profit Budgeted Profit
    2013 £ 316,449,668.60 £ 313,395,191.59 ? £ 3,046,000.00

    2014 £ 354,423,628.83 £ 344,734,710.74 ? £ 9,561,000.00

    2016 Budgeted Revenue Budgeted Expense

    ? ?

    (a) The question what will be the actial profit for 2013 & 2014?

    (b) What will be the likely profit for 2016?

    Sir,

    I can easily calculate the actual profit for both 2013 and 2014

    January 31, 2024 at 6:20 pm #699418
    LMR1006
    Keymaster
    • Topics: 4
    • Replies: 1478
    • ☆☆☆☆☆

    As I have already stated:
    I will not answer a question that I haven’t got the original question and have not worked through the answer for myself and also I don’t think all of the information is here to answer this question.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • kyubatuu on MA Chapter 6 Questions Inventory Control
  • hhys on PM Chapter 14 Questions More variance analysis
  • azubair on Time Series Analysis – ACCA Management Accounting (MA)
  • bizuayehuy on Interest rate risk management (1) Part 1 – ACCA (AFM) lectures
  • sokleng on FM Chapter 7 Questions – Investment appraisal – methods

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in