ECR Today

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

  • missy
    missy Registered Posts: 76 ? ? ?
    hey, ur figures for the bonus question look slightly familiar but the Net present question was on Cost it was NPC not value. x
  • keithy1978
    keithy1978 Registered Posts: 36 ? ? ?
    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.
  • keane155
    keane155 Registered Posts: 404
    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!)
  • pinoyLiz
    pinoyLiz Registered Posts: 92 ? ? ?
    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
  • backstreetboy
    backstreetboy Registered Posts: 13 Regular contributor ⭐ ? ⭐
    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..
  • missy
    missy Registered Posts: 76 ? ? ?
    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
  • keithy1978
    keithy1978 Registered Posts: 36 ? ? ?
    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.
  • backstreetboy
    backstreetboy Registered Posts: 13 Regular contributor ⭐ ? ⭐
    do you get marks for putting your name in correctly? cuz i may have 1% if so.
  • keithy1978
    keithy1978 Registered Posts: 36 ? ? ?
    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.
  • catheriner3482
    catheriner3482 Registered Posts: 41 ? ? ?
    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
  • missy
    missy Registered Posts: 76 ? ? ?
    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!
  • tats
    tats Registered Posts: 10 Regular contributor ⭐ ? ⭐
    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..!
  • pinoyLiz
    pinoyLiz Registered Posts: 92 ? ? ?
    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.
  • pinoyLiz
    pinoyLiz Registered Posts: 92 ? ? ?
    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
  • pinoyLiz
    pinoyLiz Registered Posts: 92 ? ? ?
    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
  • keithy1978
    keithy1978 Registered Posts: 36 ? ? ?
    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!!
  • pinoyLiz
    pinoyLiz Registered Posts: 92 ? ? ?
    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
  • backstreetboy
    backstreetboy Registered Posts: 13 Regular contributor ⭐ ? ⭐
    well number thing anyway. lol
  • missy
    missy Registered Posts: 76 ? ? ?
    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.
  • keane155
    keane155 Registered Posts: 404
    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.
  • keithy1978
    keithy1978 Registered Posts: 36 ? ? ?
    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.
  • mchll
    mchll Registered Posts: 8 Regular contributor ⭐ ? ⭐
    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!
  • pinoyLiz
    pinoyLiz Registered Posts: 92 ? ? ?
    well number thing anyway. lol

    oh u scared me there for a bit, i went and double checkd the past paper lol
  • backstreetboy
    backstreetboy Registered Posts: 13 Regular contributor ⭐ ? ⭐
    sorry, been a tough day, can't even get a simple silly comment right now..
  • missy
    missy Registered Posts: 76 ? ? ?
    thankgod, you need to put down your AAT number not your name you bum lol x
  • missy
    missy Registered Posts: 76 ? ? ?
    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
  • monkeyrage
    monkeyrage Registered Posts: 24 Dedicated contributor ? ? ?
    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 :(
  • backstreetboy
    backstreetboy Registered Posts: 13 Regular contributor ⭐ ? ⭐
    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
  • mchll
    mchll Registered Posts: 8 Regular contributor ⭐ ? ⭐
    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
  • keithy1978
    keithy1978 Registered Posts: 36 ? ? ?
    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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