ECR Today

keithy1978keithy1978 Feels At HomePosts: 36Registered
Did ECR in Crawley today. Went ok but a couple of questions threw me.

What the heck was that question on bonuses? I worked out that 5,400,000 units were produced against the expected of 4,000,000.
The bonus was 25% x 1,400,000
4,000,000

so I got 25% x 0.35 = 0.0875

Anyone get anything different?
Also I managed to get the same NPV on both Vans both of which were negative.
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Comments

  • missymissy Feels At Home Posts: 76Registered
    hey, ur figures for the bonus question look slightly familiar but the Net present question was on Cost it was NPC not value. x
  • keithy1978keithy1978 Feels At Home Posts: 36Registered
    Dont you work out NPC the same. It was still discounted costs? I worked out years 1,2 and 3 and subtracted year 0. It was a negative both times.
  • keane155keane155 Trusted Regular Posts: 404Registered
    I got the bonus answer the same as yours. My NPV wasn't negative, I didn't have a clue what I was doing though on that question(or any of the others to be honest!)
  • pinoyLizpinoyLiz Feels At Home Posts: 92Registered
    keithy1978 wrote: »
    Did ECR in Crawley today. Went ok but a couple of questions threw me.

    What the heck was that question on bonuses? I worked out that 5,400,000 units were produced against the expected of 4,000,000.
    The bonus was 25% x 1,400,000
    4,000,000

    so I got 25% x 0.35 = 0.0875

    Anyone get anything different?
    Also I managed to get the same NPV on both Vans both of which were negative.


    Hi Keith,

    I was in Crawley too! sigh what an exam sigh...soo confusing.. I think we have the same answers on bonus 8.75% and £0.875 is it 5000 hours? cant even remember that part. I will revising FRA later grrr
  • backstreetboybackstreetboy New Member Posts: 13Registered
    yeah think i had same on bonus question, and both vans were -41 if you worked it out one way and the second van had positive worked out another way depending on how you dealt with disposal. i went with the second way, wrongly i thing..
  • missymissy Feels At Home Posts: 76Registered
    trying to remember back ... hmm i think my first one was a negative net present cost and the second was a positive figure, and yeah u add all the years and take away from year 0. x
  • keithy1978keithy1978 Feels At Home Posts: 36Registered
    As for the total wages i just did 44 hours x 9.60 and then added 8.75% of whatever that total is. Thats the only thing I could think off.
  • backstreetboybackstreetboy New Member Posts: 13Registered
    do you get marks for putting your name in correctly? cuz i may have 1% if so.
  • keithy1978keithy1978 Feels At Home Posts: 36Registered
    pinoyLiz wrote: »
    Hi Keith,

    I was in Crawley too! sigh what an exam sigh...soo confusing.. I think we have the same answers on bonus 8.75% and £0.875 is it 5000 hours? cant even remember that part. I will revising FRA later grrr
    Hi pinoyLiz,
    What desk number were you in Crawley? I was right at the front. I have done three exams now, one in Eastleigh, one in Eastbourne and one in Crawley. They are getting closer to my home. Maybe the next one will be in Hassocks. LOL.
  • catheriner3482catheriner3482 Feels At Home Posts: 41Registered
    keithy1978 wrote: »
    Did ECR in Crawley today. Went ok but a couple of questions threw me.

    What the heck was that question on bonuses? I worked out that 5,400,000 units were produced against the expected of 4,000,000.
    The bonus was 25% x 1,400,000
    4,000,000

    so I got 25% x 0.35 = 0.0875

    Anyone get anything different?
    Also I managed to get the same NPV on both Vans both of which were negative.

    i think i got the same as you on the bonus question, but on the Vans on ei got a possitive for both, and Van 1 have a better NPV. not sure if thats right though
  • missymissy Feels At Home Posts: 76Registered
    yeah that wages question got me thinking, and because it was a continued question i assumed that you add the 8.75% otherwise i probably wouldnt have added that on ... argh i dont know!
  • tatstats New Member Posts: 10Registered
    Hi Catherine, I got positive figures for both vans too with the first one being the better option....hope its right, looking on here we're in the minority..!
  • pinoyLizpinoyLiz Feels At Home Posts: 92Registered
    I worked out the NPC the same as the NPV, I do not know if that was correct. On my BPP book, there is a slightly similar format as the AAT shown as an alternative format but no disposal value though.

    The format is (ref: BPP book)

    yr0 yr1 yr2 yr3
    Investment (xx)
    Cost Savings xx xx xx
    PV factors
    Discounted cash flows
    NPV


    No revenue hence I thought might be the same.
  • pinoyLizpinoyLiz Feels At Home Posts: 92Registered
    pinoyLiz wrote: »
    I worked out the NPC the same as the NPV, I do not know if that was correct. On my BPP book, there is a slightly similar format as the AAT shown as an alternative format but no disposal value though.

    The format is (ref: BPP book)

    yr0 yr1 yr2 yr3
    Investment (xx)
    Cost Savings xx xx xx
    PV factors
    Discounted cash flows
    NPV


    No revenue hence I thought might be the same.


    Sorry I can not aligned the yr properly
  • pinoyLizpinoyLiz Feels At Home Posts: 92Registered
    keithy1978 wrote: »
    Hi pinoyLiz,
    What desk number were you in Crawley? I was right at the front. I have done three exams now, one in Eastleigh, one in Eastbourne and one in Crawley. They are getting closer to my home. Maybe the next one will be in Hassocks. LOL.

    Good for you! you're almost there. and goodbye AAT after that

    I was at the back
  • keithy1978keithy1978 Feels At Home Posts: 36Registered
    pinoyLiz wrote: »
    Good for you! you're almost there. and goodbye AAT after that

    I was at the back
    It cost me £6.50 to park in the multi-storey for that exam. I wont be rushing back there in a hurry!!
  • pinoyLizpinoyLiz Feels At Home Posts: 92Registered
    do you get marks for putting your name in correctly? cuz i may have 1% if so.

    name? did u put ur name? Sorry, I can not remember putting my name
  • backstreetboybackstreetboy New Member Posts: 13Registered
    well number thing anyway. lol
  • missymissy Feels At Home Posts: 76Registered
    pinoyLiz wrote: »
    name? did u put ur name? Sorry, I can not remember putting my name
    ok guys, i'm starting to panic again, I NEVER PUT MY NAME DOWN.
  • keane155keane155 Trusted Regular Posts: 404Registered
    missy wrote: »
    ok guys, i'm starting to panic again, I NEVER PUT MY NAME DOWN.

    I don't think there was a name space.
  • keithy1978keithy1978 Feels At Home Posts: 36Registered
    missy wrote: »
    ok guys, i'm starting to panic again, I NEVER PUT MY NAME DOWN.
    That is the weird thing. The AAT identify people on student membership number alone. A bit risky.
  • mchllmchll New Member Posts: 8Registered
    missy wrote: »
    ok guys, i'm starting to panic again, I NEVER PUT MY NAME DOWN.

    Good, If you put your name on the exam paper it becomes void!
  • pinoyLizpinoyLiz Feels At Home Posts: 92Registered
    well number thing anyway. lol

    oh u scared me there for a bit, i went and double checkd the past paper lol
  • backstreetboybackstreetboy New Member Posts: 13Registered
    sorry, been a tough day, can't even get a simple silly comment right now..
  • missymissy Feels At Home Posts: 76Registered
    thankgod, you need to put down your AAT number not your name you bum lol x
  • missymissy Feels At Home Posts: 76Registered
    btw i think those guys wudnt let u out of the exam room if u hadnt put down ur number its there job to check isnt it? .. x
  • monkeyragemonkeyrage Settling In Nicely Posts: 24Registered
    i think i got £4375 for the total group bonus and then i added the bonus onto the next question too. god, looking at everybody's answers i think i did poo :(
  • backstreetboybackstreetboy New Member Posts: 13Registered
    sounds familiar to mine, i used a percentage of 8.75% to work our bonus amount, then added that to the persons actual hours in next question getting something like 4375.00
  • mchllmchll New Member Posts: 8Registered
    monkeyrage wrote: »
    i think i got £4375 for the total group bonus and then i added the bonus onto the next question too. god, looking at everybody's answers i think i did poo :(

    I got this answer too yay

    4375 total group bonus

    4375/5000 = 0.875 per hour

    44 hours at 0.875 = 38.50 for the individuals bonus payment
  • keithy1978keithy1978 Feels At Home Posts: 36Registered
    monkeyrage wrote: »
    i think i got £4375 for the total group bonus and then i added the bonus onto the next question too. god, looking at everybody's answers i think i did poo :(
    It didnt say how many workers were in the group did it?
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