Cash Managment Level 4

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  • klbookkeeping
    klbookkeeping Registered Posts: 37
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    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
    Mamata1 Registered Posts: 9
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    Thank you so much. You are very kind. Now I understand. Thanks again.
  • Mamata1
    Mamata1 Registered Posts: 9
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    Thank you so much again.
  • klbookkeeping
    klbookkeeping Registered Posts: 37
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    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
    klbookkeeping Registered Posts: 37
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    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
    Mamata1 Registered Posts: 9
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    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
    klbookkeeping Registered Posts: 37
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    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
    j1994 Registered Posts: 106
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    Thankyou so much for taking the time out to help me.good luck with your results ☺️
  • Mamata1
    Mamata1 Registered Posts: 9
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    I have 3 more to do. Cash management, person tax and project. Let's see.
  • klbookkeeping
    klbookkeeping Registered Posts: 37
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    Pleased I could help you....
  • Golebatax123
    Golebatax123 Registered Posts: 54
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    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
    j1994 Registered Posts: 106
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    learn the ratio by heart and keep going through practice questions thats what I did and passed first time
  • j1994
    j1994 Registered Posts: 106
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    does anyone have any cash management past papers?
  • ChrisJ30
    ChrisJ30 Registered Posts: 93 New contributor 🐸
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    Just found out I have failed CM yet again :(
  • wernhamtc
    wernhamtc Registered Posts: 4
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    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
    Golebatax123 Registered Posts: 54
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    Financial statements task 8

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


  • MoEMusa
    MoEMusa Registered Posts: 6
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    If anyone needs help with the cash managment practice asses questions
    email accntmoh@hotmail.co.uk be glad to help :)
  • Golebatax123
    Golebatax123 Registered Posts: 54
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    what about financial statements :'(
  • Smiller94
    Smiller94 Registered Posts: 12
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    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
    klbookkeeping Registered Posts: 37
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    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
    Smiller94 Registered Posts: 12
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    I totally understand, it was a long shot.
    Thank you for coming back to me anyway, much appreciated.
  • klbookkeeping
    klbookkeeping Registered Posts: 37
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    No problem wish I could of helped, good luck with yr exam....
  • Smiller94
    Smiller94 Registered Posts: 12
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    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.

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