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the exam has 5 small cases, which means aprox 21 min/ case study (+ 15 min for safety margin)
inside each text: a- 1 min; b- 2 min; c- 4 min; d- 6 min; e- 8 min
Always imagine youre the owner/ manager/ worker/ supplier/ client of that business !
for quest c+d, think before writing what adv/ disadv/ methods you know better (bcs you have to explain them)
"always" (eg: latest tech always reduces bs costs). the common (not always!) answer is this case is NO:
o
first line: there are more methods/ ways to . . . . (do what the question is about)
both of them (usually, some values goes up, the others go down)
if possible, calculate the difference between values as a % (eg: from 40 to 50 means +20%)
eg1: the table/ text shows that SR increased from 200 to 300, which means + 50%. in the same time,
gross profit increased from 80 to 100, which means + 20%
eg2: the table/ text shows that CA increased by 25%- bcs the bs has double stocks, while CL
increased by 20%- bcs the bs has a smaller overdraft
calculate RATIOS
eg1: as a result, gross profit% decreased from 40% to only 33.3%, which means that the bs uses less
efficient its resources (important for investors)
eg2: as a result, CR increased from 1.5 to 1.7. which means the bs can cover better its short termdebts (important for banks and suppliers)
short conclusion (eg: Michel should be happy about the liquidity of the bs, but he should pay more attention
to VC, to improve profitability)
always, think about the profit (adv) + cost (disadv) of each option
classify with + and the adv+ disadv of each option in the text/ table
first line: there are more factors to consider when taking such a decision
And again, always imagine youre the owner/ manager/ worker/ supplier/ client of that business!