How did the ecr exam go?

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24

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  • George Tse
    George Tse Registered Posts: 241 Dedicated contributor 🦉
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    The dispostal of £100,000 shud be rite I included it in year 3's income too
  • mona
    mona Registered Posts: 23 New contributor 🐸
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    how about disposal in section 2 ?
    what is cash flow for year 3? anybody remembers that? i added that 100 to the net cash flow and i got 290 in total for the year. does that sounds right?
  • cookymonstar
    cookymonstar Registered Posts: 32 Regular contributor ⭐
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    will we find out if they made an error do you think?
    my answer was ridiculous, becasue i added the two direct costs for the prime cost - then i added the prime cost to the variable o/heads ( which read a massive amount per batch) to give marginal, then added fixed costs for absorbed... and didnt divide by number of batches!! lol - really messes this one up - but the question and wording so threw me...
  • George Tse
    George Tse Registered Posts: 241 Dedicated contributor 🦉
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    The NPV was 152.50 if you got that i fink its rite ?
  • cookymonstar
    cookymonstar Registered Posts: 32 Regular contributor ⭐
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    I added the 100 as income for year three also

    my npv was something 152500
  • trouble
    trouble Registered Posts: 11 New contributor 🐸
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    what was the pay back period?i got 1year and 10 months:(
  • westendlad
    westendlad Registered Posts: 30 Regular contributor ⭐
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    Gentle Jesus wrote: »
    The dispostal of £100,000 shud be rite I included it in year 3's income too

    what did you do
  • cookymonstar
    cookymonstar Registered Posts: 32 Regular contributor ⭐
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    i got 1.9
  • mona
    mona Registered Posts: 23 New contributor 🐸
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    dont remember the total answer for last question in section 2 but remember that payback period is 1year 11 months
  • George Tse
    George Tse Registered Posts: 241 Dedicated contributor 🦉
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    sounds rite i got 1.89 years for payback period
  • westendlad
    westendlad Registered Posts: 30 Regular contributor ⭐
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    trouble wrote: »
    what was the pay back period?i got 1year and 10 months:(

    agreed.

    I've missed that 1000 quid though, thinking about it I wasn't sure what to do with it.
  • Marta_B
    Marta_B Registered Posts: 31 Regular contributor ⭐
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    I had 290 in net cash total for year3 and 1 year and (less than) 11 months payback period.
  • George Tse
    George Tse Registered Posts: 241 Dedicated contributor 🦉
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    i added the 100,000 on my sales in come
  • artist
    artist Registered Posts: 11 New contributor 🐸
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    I got year 3 cashflow as 290 and pay back period as 1.9years or 1year and 11 months
  • Dill
    Dill Registered Posts: 23 New contributor 🐸
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    Payback was 1.9 years or 1 year 11 months.

    NPV was 152 -- I just rounded all the previous numbers. You just had to remember the disposal of the capital investment in YR3.
  • mona
    mona Registered Posts: 23 New contributor 🐸
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    got the same
  • cookymonstar
    cookymonstar Registered Posts: 32 Regular contributor ⭐
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    can anyone remember the ranking question?
  • Essexgal
    Essexgal Registered Posts: 42 Regular contributor ⭐
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    Sort of cookie what do you want to know
  • George Tse
    George Tse Registered Posts: 241 Dedicated contributor 🦉
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    i messed up on the ranking one :D
  • George Tse
    George Tse Registered Posts: 241 Dedicated contributor 🦉
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    i doubt they will mark you down for that so it sund b rite
  • Nizza
    Nizza Registered Posts: 9 New contributor 🐸
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    What did yuo have to do with the disposal?
  • mona
    mona Registered Posts: 23 New contributor 🐸
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    it didnt mentioned nothing about rounding so i left it like that.. NPV 152497
  • Marta_B
    Marta_B Registered Posts: 31 Regular contributor ⭐
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    Anybody remembers what sales figures you used when doing the exercise with limited machine hours? I got confused and didn't know whether I should use figures that were in data table (and exercise 2.2) or revised sales figures from exercise 2.3. As far as I remember the original data was 300,000 and 500,000 and the revised was 400,000 and 250,000 (?).
  • Hunnie
    Hunnie Registered Posts: 41 Regular contributor ⭐
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    Dill wrote: »
    Payback was 1.9 years or 1 year 11 months.

    NPV was 152 -- I just rounded all the previous numbers. You just had to remember the disposal of the capital investment in YR3.

    i'm so confused by that end question because it stated in the details that the contract would either be renewed after 3 years or sold for £100,000 so i assumed that because there was only 3 years of cash flows that you would not need to take the disposal into account at that point??
  • mona
    mona Registered Posts: 23 New contributor 🐸
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    cookymonstar wrote: »
    can anyone remember the ranking question?

    b-1st, a-2nd
  • artist
    artist Registered Posts: 11 New contributor 🐸
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    Ranking one I remember production units 150000 and 500000
  • mona
    mona Registered Posts: 23 New contributor 🐸
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    there was smth cost per unit 1.50 and 1.20
  • George Tse
    George Tse Registered Posts: 241 Dedicated contributor 🦉
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    westendlad wrote: »
    what did you do
    mona wrote: »
    there was smth cost per unit 1.50 and 1.20

    i dont recall seeing those number ?? wot question was they in ?
  • mona
    mona Registered Posts: 23 New contributor 🐸
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    Marta_B wrote: »
    Anybody remembers what sales figures you used when doing the exercise with limited machine hours? I got confused and didn't know whether I should use figures that were in data table (and exercise 2.2) or revised sales figures from exercise 2.3. As far as I remember the original data was 300,000 and 500,000 and the revised was 400,000 and 250,000 (?).

    i used revised figures 250.000 and 400.00
  • westendlad
    westendlad Registered Posts: 30 Regular contributor ⭐
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    Hunnie wrote: »
    i'm so confused by that end question because it stated in the details that the contract would either be renewed after 3 years or sold for £100,000 so i assumed that because there was only 3 years of cash flows that you would not need to take the disposal into account at that point??

    thats what I thought so I didn't really count the 100.000 quid at all, other than saying the payback period and the NPV both fell within the criteria and so the project should be accepted

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