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GCE JUN 2009 : (AS 2) People in Organisations and Accounting and Finance

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ADVANCED SUBSIDIARY (AS) General Certificate of Education 2009 Business Studies assessing Module 2: People in Organisations, and Accounting and Finance AST21 Assessment Unit AS 2 [AST21] WEDNESDAY 10 JUNE, 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 2(a). 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. 4496 1 Study the information below and answer the questions that follow. Training and Leadership Packem Ltd is a manufacturer of packaging and display products for the food industry. Approximately eighty workers are employed in its purpose built factory situated on the outskirts of Coleraine. Since moving into the factory five years ago, Packem Ltd has operated very profitably although it is currently experiencing liquidity problems following the purchase of some machinery last year. Philip Edwards, the Human Resource Manager in Packem Ltd, has approached Marion Bell, the Finance Manager, to request a 25 000 increase in the staff training budget. In the process of revising the Human Resource Plan, Philip became aware that not all operatives were capable of using the latest machines purchased by the company. Training ten workers would better prepare the firm to exploit any new market opportunities that might arise. However, Marion was unable to give Philip a positive response. She explained that all new requests for funds had to be authorised by Gary O Connor, the new Managing Director. Furthermore, she pointed out, it was pointless for Philip to even think any more about the training programme until it had been approved by Gary. Philip was both dismayed and annoyed by this response. He did not appreciate the autocratic leadership style employed by Gary O Connor. He favoured a more democratic approach and thought back to the days of the previous Managing Director when everything seemed so much more relaxed in the factory. (a) Explain three reasons why a Managing Director such as Gary O Connor should adopt a democratic leadership style. [10] (b) Discuss the benefits and drawbacks of implementing a staff training programme within Packem Ltd. [15] 4496 2 2 Study the information below and answer the questions that follow. Cash Flow Forecasting and Sources of Finance Shesells is an ice cream and confectionery shop located in a small seaside village on the Antrim Coast. It is owned by Amy Starr who works in the shop by herself. She enjoys being her own boss but sometimes finds it difficult to manage the workload. Her business is very seasonal with July and August being her two best months. Amy has just completed drawing up a cash flow forecast covering the period from March to August. This is shown below in Table 1. Some of the figures are missing. Table 1: Cash flow forecast for Shesells from March to August. Receipts Sales 3000 4000 6000 8000 19 400 20 400 Purchases 5000 5000 1500 2000 4000 5000 Electricity 400 400 Total Receipts 3000 Payments Wages 2500 Other Expenses 4000 6000 2500 2500 500 500 200 Total Payments 8400 8000 Net monthly cash flow -5400 -4000 Closing balance -3400 -7400 Opening balance ? 8000 2500 19 400 2500 20 400 2500 200 200 4200 5100 6700 7700 ? ? 200 2900 12 700 12 700 -2700 10 000 -7400 ? -5600 -2700 10 000 22 700 Amy would now like to expand her business. She intends to buy an ice-cream van so that she can sell to holidaymakers at popular locations. The van would cost her 20 000. Amy plans to buy it at the end of August because, with strong summer sales, she expects to have the cash to pay for it. However, taking out a bank loan would enable her to buy it right away. Alternatively, Amy s friend, Ruth, has offered to become a partner in the business and invest 20 000 capital. (a) (i) Explain how preparing a cash flow forecast can help Amy to manage her business. [4] (ii) Calculate the opening balances for March and April the net monthly cash flow for May l the closing balance for May You are not required to copy out all of Table 1. l l [4] (iii) Calculate the closing balance in August if sales in June are only 5 000 instead of 8 000. [2] (b) Discuss which of the three options Amy should choose to enable her to buy the new ice-cream van. [15] 4496 T68179/4

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Additional Info : Gce Business Studies June 2009 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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