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sir i have few queries regarding working capital
1 if we are asked to calculate” total inventory cost”.. its just the ordering+holding cost(inventory cost) or it means total inventory+purchase cost(total cost)
i am confused
2 the way you guided us to calculate %cost of discount in your lecture gives an answer that is slightly different from the answer calculated using formula given in the text book.. which is a problem when doing mcqs
thanks in anticipation1. Unless the question specifies differently, the just the ordering + holding costs. (But if you are considering quantity discounts, then the purchase cost will need to be considered as well.)
2. Yes you are right. Before MCQ’s, ‘simple’ discounts were hardly ever asked, and when they were asked (two times I think) then on both occasions the examiners said he would accept either way. However, now because of MCQ’s I do need to re-record the lecture and do it the strictly correct way.
It is not an “error” – I have already explained the answer above.
Of course the notes and lectures do not include every single topic in the syllabus. We do cannot possibly lecture every single topic on the courses in the limited time (as applies to all tuition courses). But as I have explained to you before, we cover everything necessary to get a good mark in the exam. That is what concerns us – helping people to be able to pass the exam well.
With regard to this particular (tiny) issue – maybe when you are finished watching the lectures you should also watch the revision lectures and the lectures working through past exam questions. There, the problem is fully explained and dealt with.
We do our best with limited resources (given that we give all of this free of charge, including answering your questions). If you are not happy (and all you seem to do is complain) then maybe you should pay for tuition. It will be no better (as I am sure you will discover when you come across all the errors in your F9 Revision Kits – be they BPP or be they Kaplan!) 🙂
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