Section I - Multiple Choice (2 Viewers)

[obliviousninja]

Am I the only one that chose LIFO over FIFO? lol

i think so. dw i chose just-in-time, its so obvious

 

[jasonz1c]

10.d

Isn't 10 B?

As a lower accounts receivable turnover is better - less number of days to receive cash

 

[Confound]

i think so. dw i chose just-in-time, its so obvious

How could you possibly choose just-in-time? I automatically cancelled that out and the other one except FIFO and LIFO lol. Were you speeding through it? I finished MC in 10 mins

 

[gilza95]

1.d
2.b
3.c
4.a
5.a
6.b
7.d
8.d
9.c
10.d
11.b
12.c
13.c
14.d
15.a
16.a
17.b
18.a
19.d
20.d

Wouldn't 10 be B.. A lower accounts receivable ratio means you get your accounts receivable quicker?

 

[WildKoala]

What did people get for 5?

A company's policy is to purchase from lowest-cost suppliers regardless of their location
a.global sourcing
b.global brandin
c.economies of scale
d.R&D

 

[obliviousninja]

How is 19 D?

how is it not? just rule out the other ones. Cant be A (not least successful, that person 2), cant be B (not least successful region), can be C (person 7 not least successful)

 

[obliviousninja]

What did people get for 5?

A company's policy is to purchase from lowest-cost suppliers regardless of their location
a.global sourcing
b.global brandin
c.economies of scale
d.R&D

A

 

[jasonz1c]

What did people get for 5?

A company's policy is to purchase from lowest-cost suppliers regardless of their location
a.global sourcing
b.global brandin
c.economies of scale
d.R&D

Global sourcing

 

[obliviousninja]

How could you possibly choose just-in-time? I automatically cancelled that out and the other one except FIFO and LIFO lol. Were you speeding through it? I finished MC in 10 mins

lol. i was joking. sigh...so much seriousness...everyone must be jealous my 99

 

[Confound]

What did people get for 5?

A company's policy is to purchase from lowest-cost suppliers regardless of their location
a.global sourcing
b.global brandin
c.economies of scale
d.R&D

Global sourcing homie

It can't be economies of scale because economies of scale is achieving lower costs through expansion. So it's definitely A

 

[Confound]

lol. i was joking. sigh...so much seriousness...everyone must be jealous my 99

lol

 

[john-luke]

Sugging comes under ethics on syllabus not legal

 

[Confound]

Wouldn't 10 be B.. A lower accounts receivable ratio means you get your accounts receivable quicker?

A high accounts receivable turnover ratio means that you have a strong credit collection policy and do well collecting cash quickly from accounts.

^ Straight from Google. I'm afraid you have just lost a mark

 

[Spiritual Being]

1.d
2.b
3.c
4.a
5.a
6.b
7.d
8.d
9.c
10.d
11.b
12.c
13.c
14.d
15.a
16.a
17.b
18.a
19.d
20.d

some of these are wrong

 

[RivalryofTroll]

Isn't 10 B?

As a lower accounts receivable turnover is better - less number of days to receive cash

Wouldn't 10 be B.. A lower accounts receivable ratio means you get your accounts receivable quicker?

Yeah, here's my argument for D:

SYLLABUS DEFINES A.R.T ratio as SALES/ACCOUNTS RECEIVABLE right?

NOT 365/A.R.T. ratio.

If ratio is higher, lets say ratio is 6.

365/6 = 61 days.

Lets say ratio is lower, lets say ratio is now 3.

365/3 = 122 days.

Higher ratio = less days --> more efficient debt collection.

FROM BUSINESS IN ACTION:

ARTR - INTERPRETATION OF RATIO RESULTS:
High turnover ratios indicate the business has efficient debt collection. Pg 317.

About 3 people from my school was like ''isn't lower better?'' and Í'm like ''guys... you don't do 365 divide by the ratio....''

 

[RivalryofTroll]

some of these are wrong

Can you post the answers then?

I trust in you SB.

I think I got either 17 or 18/20.

 

[Jacob888]

I just thought a high % variance was a bad thing. Damn

 

[obliviousninja]

Can you post the answers then?

I trust in you SB.

I think I got either 17 or 18/20.

why dont u ask me, me and SB have been studying businesses for the past 3 years

 

[Makematics]

why dont u ask me, me and SB have been studying businesses for the past 3 years

You seem quietly confident that you did well, like that time you got a HD in the ICAS maths thing.

 

[Menomaths]

You seem loudly confident that you did well, like that time you got a HD in the ICAS maths thing.

np