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Section I - Multiple Choice (1 Viewer)

Rafy

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Share your thoughts here
 

JT145

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What did people post for the LIFO FIFO question? I had no idea...
 

Lachyy

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1.d
2.b
3.c
4.a
5.a
6.b
7.d
8.d
9.c
10.d
11.b
12.c
13.c
14.d
15.a
16.a
17.b
18.a
19.d
20.d
 

Pifty

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Yeah, lost 2 or 3 marks, one mark cause I thought sugging was illegal, one mark because I had no idea what the four week annual leave was legally under and one more depending on whether 18 is LIFO or FIFO. I put down LIFO thinking that profits will be maximised as they'll pay less taxes (gross profit will be less) but IDK, right now I'm thinking FIFO makes more sense as they'll make more flat revenue and thus higher net profits.

FKKKKKKKK I guess its probably FIFO but it depends on whether they mean 'net profit' or 'net profit after taxes' when they refer to maximising its profit.

I guess I'll stop thinking about it and go do Chem and Physics T_T
 

thetoygang

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stupid ass. dis is why u rnt ranke 1
Yeah, lost 2 or 3 marks, one mark cause I thought sugging was illegal, one mark because I had no idea what the four week annual leave was legally under and one more depending on whether 18 is LIFO or FIFO. I put down LIFO thinking that profits will be maximised as they'll pay less taxes (gross profit will be less) but IDK, right now I'm thinking FIFO makes more sense as they'll make more flat revenue and thus higher net profits.

FKKKKKKKK I guess its probably FIFO but it depends on whether they mean 'net profit' or 'net profit after taxes' when they refer to maximising its profit.

I guess I'll stop thinking about it and go do Chem and Physics T_T
 

jasonz1c

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Did people put increase credit sales or sell assets and lease them back?
 

thetoygang

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16/20 for multi. fucked up real hard. idk if it was worth it anymore cause i skipped section 4 cuz we only had to do 3/4 sections.
Did u even get to the end of the paper u chink
 

nuzie

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ugh 15/20, thought it was the marketing approach not the selling approach?
 

liuque

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finished the multiple choices during reading time
hahahahalol
 

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