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GCE JAN 2008 : (AS 2) People in Organisations and Accounting and Finance

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ADVANCED SUBSIDIARY (AS) General Certificate of Education 2008 Business Studies assessing Module 2: People in Organisations, and Accounting and Finance AST21 Assessment Unit AS 2 [AST21] WEDNESDAY 9 JANUARY, MORNING TIME 1 hour. INSTRUCTIONS TO CANDIDATES Write your Centre Number and Candidate Number on the Answer Booklet provided. Answer both questions. INFORMATION FOR CANDIDATES The total mark for this paper is 50. You will be assessed on the quality of written communication demonstrated in your response to all questions except 1(a)(i). Figures in brackets printed down the right-hand side of pages indicate the marks awarded to each question or part question. ADVICE TO CANDIDATES You are advised to take account of the marks for each part question in allocating the available examination time. AST2W8 3516 1 Study the information below and answer the questions that follow. Accounts and Cash Flow Forecasting Last year Nicole Scott started a business, Sellabrations, supplying hotels and restaurants with a range of decorative displays for special occasions and seasonal functions. The business performed well throughout the year with the Christmas and Easter periods being particularly busy. Nicole has gathered financial data in order to prepare her yearly accounts. The figures are shown in Table 1 below. Table 1: Financial data relating to Sellabrations for the period ended 31st December 2007 Wages 38,000 Sales 90,000 Purchases 20,000 Capital 35,000 Telephone expenses 1,000 Rent and rates 14,000 Creditors 8,000 Closing stock 5,000 Advertising expenses 2,000 Opening stock 1,000 Heating and lighting 4,000 Debtors 12,000 Nicole is confident that her business is doing well due to an increase in the level of new orders. However, last week she noticed that her bank balance was only just sufficient to pay a major supplier for goods received. Upon investigation, she discovered that several of her hotel customers had not yet paid her for displays provided. Nicole s bank manager has advised her that she needs to pay more attention to cash flow within the business and that she should prepare a cash flow forecast every month. Nicole is unconvinced of the need for this. She considers that her time would be better spent trying to find new customers so that Sellabrations can become more profitable in the future. (a) (i) Using the appropriate information in Table 1, construct a Trading and Profit and Loss Account for the year ended 31st December 2007. Clearly show the figures for Gross Profit and Net Profit. [6] (ii) How might Nicole judge whether these profit figures are good? [4] (b) Discuss whether Nicole should draw up a monthly cash flow forecast. [15] AST2W8 3516 2 2 Study the information below and answer the questions that follow. Autocratic Leadership and Redundancies Chippo Ltd produces frozen chips for the UK and Irish markets. In recent years there has been a sharp downturn in the sales of the business due to increased competition and public concern over unhealthy eating habits. This changing environment required urgent action to prevent the collapse of the firm. In order to try to reverse the fortunes of the business, the Board of Directors recruited a new Managing Director, Niall McDougal. Niall had a reputation for getting results, although his methods have not always been popular with employees. In his last position, Niall s arrogance and refusal to listen to the views of others, sometimes led to confrontation and gained him a reputation of being too autocratic. Niall realised that Chippo Ltd needed to downsize and reorganise production more efficiently. The factory was simply too big for current market conditions. In the light of his recent experiences, Niall thought about adopting a more democratic leadership style, but quickly rejected the idea as unrealistic. Without consulting anyone, he announced that there would be thirty redundancies in the factory, mainly amongst unskilled production workers. This action he hoped, would prepare the business for a modernisation strategy next year. (a) Explain the circumstances in which an autocratic leadership style such as Niall s works best. [10] (b) Discuss the possible impact of Niall s decision to make these redundancies. AST2W8 3516 3 [15] SP (NF) T48478/2

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Additional Info : Gce Business Studies January 2008 Assessment Unit AS 2 Module 2: People in Organisations and Accounting and Finance
Tags : General Certificate of Education, A Level and AS Level, uk, council for the curriculum examinations and assessment, gce exam papers, gce a level and as level exam papers , gce past questions and answer, gce past question papers, ccea gce past papers, gce ccea past papers

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