内容分析案例

UNIVERSITYOFCAMBRIDGEINTERNATIONALEXAMINATIONS

GCEAdvancedLevel

MARKSCHEMEfortheNovember2004questionpaper

9706ACCOUNTING

9706/04 Paper4ProblemSolving(SupplementaryTopics),

umrawmark120

Thismarkschemeispublishedasanaidtoteachersandstudents,toindicatetherequirementsoftheexamination.ItshowsthebasisonwhichExaminerswereinitiallyinstructedtoawardmarks.ItdoesnotindicatethedetailsofthediscussionsthattookceatanExaminers’meetingbeforemarkingbegan.AnysubstantialchangestothemarkschemethatarosefromthesediscussionswillberecordedinthepublishedReportontheExamination.

AllExaminersareinstructedthatalternativecorrectanswersandunexpectedapproachesincandidates’scriptsmustbegivenmarksthatfairlyreflecttherelevantknowledgeandskillsdemonstrated.

MarkschemesmustbereadinconjunctionwiththequestionpapersandtheReportontheExamination.

CIEwillnotenterintodiscussionorcorrespondenceinconnectionwiththesemarkschemes.

CIEispublishingthemarkschemesfortheNovember2004questionpapersformostIGCSEandGCEAdvancedLevelsyllabuses.

GradethresholdstakenforSyllabus9706(Accounting)intheNovember2004examination.

ummarkavailable

minimummarkrequiredforgrade:

A

B

E

Component4

120

92

82

44

Thethresholds(minimummarks)forGradesCandDarenormallysetbydividingthemarkrangebetweentheBandtheEthresholdsintothree.Forexample,ifthedifferencebetweentheBandtheEthresholdis24marks,theCthresholdisset8marksbelowtheBthresholdandtheDthresholdissetanother8marksdown.Ifdividingtheintervalbythreeresultsinafractionofamark,thenthethresholdisnormallyroundeddown.

NOVEMBER2004

GCEALEVEL

MARKSCHEME

UMMARK:120

PONENT:9706/04ACCOUNTING

Paper4ProblemSolving(SupplementaryTopics)

Page

PAGE

1

MarkScheme

Syllabus

Paper

GCEALEVEL–NOVEMBER2004

9706

4

©UniversityofCambridgeInternationalExaminations2005

1 (a) Rengaw

BalanceSheetafterredemptionofsharesanddebentures

$000 $000 $000

Fixedassets 142

Currentassets

Stock 82

Debtors 30

112

Currentliabilities

(1) (1) (1)

Bankoverdraft

(28-42+45-36)

5

(1)

Creditors

59

Proposeddividend

8

72

40

182

(1) OF

Capitalandreserves

Ordinarysharesof$1(80+30)

(mustbeshownassingleitem)

110

(1)

Sharepremium

15

(1)

Debentureredemptionreserve

(1)(1)

40

(1)

Retainedprofit

(65-42-6)

17

182

(2) OF

[12]

Page

PAGE

2

MarkScheme

Syllabus

Paper

GCEALEVEL–NOVEMBER2004

9706

4

©UniversityofCambridgeInternationalExaminations2005

CashforecastforfourmonthstoJanuary2005

2004

October

$000

November

$000

December

$000

2005

January

$000

Cashsales

12(1)

15(1)

14(1)

9(1)

Debtors

30(1)

36(1)

45(1)

40(1)

42

51

59

49

Creditors

27

(1)

32

(1)

40

(1)

36

(1)

Wages

28

(1)

28

(1)

28

(1)

28

(1)

Overheads

10

(1)

10

(1)

10

(1)

10

(1)

Dividend

8

(1)

Purchaseofmachine

-

30

(1)

-

-

65

100

78

82

Netpayments

(23)

(49)

(19)

(33)

Broughtforward

(5)

1(OF)

(28)

(77)

(96)

Carriedforward

(28)

(77)

(96)

(129)

(1)OF

[17]

Actionstokeepbankbalancewithinoverdraftlimit

reducestock(1)by(82000-32000)$50000(1)

delaypurchaseofmachine(1)saving$30000(1)

Alternativelyhiremachine(1)savingmostof$30000(1)

increasesellingpricesby5%(1)ifthiscanbedonewithoutdecreasingvolume(1)increasingrevenueby$10000(1)

reducecostofpurchasesby5%(1)$6000(1)byobtainingdiscounts(1)

orbuyingfromcheaperrs(1)

delaypaymentofdividend(1)$8000(1)

giveincentivestocustomerstopurchaseforcash(1)

negotiaongercreditfromrsifpossiblewithoutlossofconfidence(1)

issueshares(1)

issuedebentures(1)

renegotiateoverdraft(1)

1markforidentification1markfordevelopment

1markforeffectonbankbalance

Max[11]

Page

PAGE

3

MarkScheme

Syllabus

Paper

GCEALEVEL–NOVEMBER2004

9706

4

©UniversityofCambridgeInternationalExaminations2005

2 (a) Calculationofoperatingprofitfortheyearended30June2004

$000

Retainedprofitat::

30.6.2004

31

30.6.2003

(15)

Retainedprofitfortheyear

16

(1)

Add: interimdividendpaid

21

(1)

proposedfinaldividend

35

(1)

transfertogeneralreserve

20

(1)

debentureinterestpaid

(5+3)

8

(1)

Operatingprofit

100

[5]

(b) Reconciliationofoperatingprofittonetcashflowfromoperatingactivities

$000

Operatingprofit

Depreciationcharges

Profitlesslossonsaleoffixedassets:

ntandmachinery (10-5) (5)

(1)

100(1)(OF)

320(1)

Motorvehicles (7-5) 2

(1)

(3)

Increaseinstock

(13)(1)

Decreaseindebtors

6(1)

Increaseincreditors

12(1)

Netcashinflowfromoperatingactivities

422

[7]

(c) CashFlowStatement

$000

NetcashinflowfromoperatingactivitiesReturnsoninvestmentandservicingfinanceInterestpaid

Capitalexpenditure (552)(1)

$000

422(1)(OF)

(8)(1)(OF)

Lessproceedsofsales

15

(1)

(537)

(1) (1)

(123)

Equitydividendspaid

(25+21)

(46)

(169)

Financing

Issueofshares 225(1)

Redemptionofdebentures (40)(1)

Increaseincash 16(1)

[9]

$000

Balanceatbankat30.6.2003 87 (1)or0

Increaseincashinyearended30.6.2004 16 (1)OF

Balanceatbankat30.6.2004 103 (1)or0

[3]

Page

PAGE

4

MarkScheme

Syllabus

Paper

GCEALEVEL–NOVEMBER2004

9706

4

©UniversityofCambridgeInternationalExaminations2005

Cashflowstatementsareimportanttoshareholdersbecausetheyshow

theabilityofabusinesstogeneratecashinternally(1)

howmuchcashhasbeenraisedexternally(1)

thecausesofchangeinliquidity(2)orcashinflows(1)cashoutflows(1)

viability(1)whetherbusinesscangeneratecashtoservicefinance,paytaxandmaintainitsfixedassets(1)goingconcern(1)

stabilityofbusiness(1)relianceuponinternalsources(1)externalsources(1)

forfinancing

profitabilityandliquidityreconciled(1)shareholdersmayconfuseprofitabilitywithliquidity(1)

indicationoffuturecashflows(1);capitalinvestment(expansionofactivities)anditseffectonfuturecashflows(1)

(1markperpoint+1fordevelopment)

max[8]

CashFlowStatement Cashbudget

Basedonhistoricaldata(1) Basedonfuturens(1)

Anaccountofthedirectors'stewardshipoffunds(1)

For (1)

Cannot(legally)bemanipulated(1) Maybeadjustedtoreflectmanagement

(1)

Arequirementforsomecompanies(1) Desirableformanagementpurposes(1)Itmaybeproducedforbudgeting Oftengivsetotheprincipalbudgetpurposes(1) factor(1)

Max[5] Max[5]

(1markperpointplus1markfordevelopment)

overallmax[8]

3 (a) (i) NPV8%

$

Year0 Cost (125000)(1)

1 $30000(1)X0.926

27780

(1)OF

2 $30000(OF)X0.857

25710

(1)OF

3 $30000(OF)X0.794

23820

(1)OF

4 $30000(OF)X0.735

(OF) (1)

5 $(30000+30000)X0.681

22050

40860

(1)OF

(1)OF

NPV(1)

15220

(1)OF

[10]

IRR14% $

Year0 Cost (125000)(1)

1 $30000(OF)X0.877

26310

2 $30000(OF)X0.769

23070

3 $30000(OF)X0.675

20250

4 $30000(OF)X0.592

17760

5 $60000(OF)X0.519

31140

(6470)(1)OF

(OFS)

(1) (1) (1) (1)

IRR8%+(6%X15220/21690)=122%(1)

[7]

ARR (1) (1) (1) (1)

3000019000 /1/2 X155500X100 =14.29% (1)OF

[5]

(b) BudgetedManufacturing,Tra