Cash Managment Level 4

klbookkeeping

Task 3b)
Period 4 total labour costs:-
Supervisor wages 2 X £2000 =£4000 (£26000 annual salary / 13 four week periods)
1320 standard hours of Period 4 £14,520 (1320 X £11 per hr)
Overtime 140 hrs from Period 3 £1,960 (140 X £14)
TOTAL £20,480

Period 5 total labour costs:-
Supervisor wages 2 X £2000 ( as above) £4000
1300 standard hours of Period 5X £11 per hr £14,300
Overtime 60 hrs from Period 4 X £14 per hr £840
TOTAL £19,140

Mamata1

Thank you so much. You are very kind. Now I understand. Thanks again.

Mamata1

Thank you so much again.

klbookkeeping

Task 3c)
Settlement of Trade Receivables in Period 4:-
All of Period 1 £30,135
40% Period 2 £35,680 (as the balance P2 £66,900 is the end balance you need to divide the balance by 75 and times it by 100 to get the original Period 2 Payables of £89,200 X 40%
25% of Period 3 £23,100
TOTAL £88,915

Period 5
35% of Period 2 £31,220 (£89,200 X 35%)
40% of Period 3 balance £36,960
TOTAL £68,180

klbookkeeping

You are very welcome, my advice would be to read the Performance Feedback from 2015 on the Cash Management study page, go through each task with a fine tooth comb until you understand each one fully. I found this the most helpful in my revision.

Good luck, when is your exam?

Mamata1

Thank you so much for your kind advice. I am planning to give exam middle of September. I will go through performance feedback.Have you finished all your level 4?

klbookkeeping

Yes I have done all level 4 exams, I passed everyone first time apart from cash so I'm hoping I have this time but as I ran out of time I'm not feeling hopeful.

Make sure you do all the e-learning and the 3 green light tests as they really helped me. Cash is the most time consuming module for revision I think so give yourself plenty of time to revise, a little bit everyday is better than cramming it in too close to the exam.

How far have you got in level 4?

j1994

Thankyou so much for taking the time out to help me.good luck with your results ☺️

Mamata1

I have 3 more to do. Cash management, person tax and project. Let's see.

klbookkeeping

Pleased I could help you....

Golebatax123

hi all
Please i need some tips on Financial statement how to interpret ratios,i 'll be writing it for the third and this is the task which gives me problem.

j1994

learn the ratio by heart and keep going through practice questions thats what I did and passed first time

j1994

does anyone have any cash management past papers?

ChrisJ30

Just found out I have failed CM yet again

wernhamtc

I took this exam last week and found it the toughest one by far! I am really apprehensive about getting the result as I have more doubt over this one than anything I've done so far, and I only have two exams left.

There were more curve balls in this one, and although I felt like struggling with the written questions when revising, it was the rest of the paper which seemed to trip me up! I completed the written tasks first and felt like I nailed them so fingers crossed I picked up a lot of marks in those to help me through.

Golebatax123

Financial statements task 8

Tips on interpretation of ratios,i will be writing in two weeks time

MoEMusa

If anyone needs help with the cash managment practice asses questions
email accntmoh@hotmail.co.uk be glad to help

Golebatax123

what about financial statements

Smiller94

klbookkeeping said:

Task 3a

Trade receivables balance at end of period 5 is forecast to be:-

70% Period 4 £108,885 (3629.5 units X £30 per unit)

85% Period 5 £137,700 (4590 units X £30 per unit)

TOTAL £246,585

Hi klbookkeeping.

Thank you so much for the above explaination on task 3 of Cash Management CBT1. I was able to complete 3a with no problem, and part of b) but I am so confused with why we are using 85% of period 5. Sorry to be simple, but please if you have a minute could you briefly explain why?
I understand this original thread was a while ago now.

Thanks so much in advance.

klbookkeeping

Hi Smiler94

Unfortunately as it's been a good while I havn't got my revision material so I can't see the question to be able to explain where I got my answer from....

Smiller94

I totally understand, it was a long shot.
Thank you for coming back to me anyway, much appreciated.

klbookkeeping

No problem wish I could of helped, good luck with yr exam....

Smiller94

MoEMusa said:

If anyone needs help with the cash managment practice asses questions
email accntmoh@hotmail.co.uk be glad to help

Hi,

I was just wondering if the same still applies with the above help for Cash Management questions. I have three questions across both AAT practise papers that i cannot for the life of me figure out and it is holding me back from progressing as i really want to be able to answer every question before i move onto the next.

If you can still help it would be so appreciated as I only have the AAT support to use to revise and no tutor etc so am teachng myself.

Thanks in advance.