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IB BM FORMULAE BOOKLET ( BOARD EXAM PURPOSE)

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IB BM FORMULAE BOOKLET ( BOARD EXAM PURPOSE)

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Mr. Dachpian's MYP Humanities, DP Economics & DP Business Management page

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For part (b), the total number of weeks the head office relocation is expected to take is calculated by adding up the durations of all the tasks in the project. Based on the Gantt chart we constructed:

- Task A: 3 weeks

- Task B: 4 weeks

- Task C: 3 weeks

- Task D: 6 weeks

- Task E: 2 weeks

- Task F: 1 week

- Task G: 4 weeks

- Task H: 2 weeks

- Task I: 3 weeks

Adding these durations together gives us a total of 28 weeks, but remember that Task E can start after either Task C or Task D, not simultaneously. Thus, we take the longest path, which includes Task D. Hence, the total duration is 18 weeks.

For part (c), since the relocation is expected to take 18 weeks and the project starts on 1st August, if we add 18 weeks to that start date, we get 1st December. So, yes, the head office relocation will indeed be complete by 1st December. Actually, it will be completed earlier, by mid-November, as there are no tasks scheduled beyond the 18th week.

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Neuheit Möbel is planning to relocate its head office. The operations manager has identified the tasks required to complete the relocation efficiently

Relocation is expected to commence on 1st July. It is hoped that it will be complete by 1st December

(a) Construct a Gantt chart using the data in the table [4] (b) Identify the total number of weeks the head office relocation is expected to take [2]
[4]

4 months x 4 weeks = 16 weeks

1 month x 2 weeks = 2 weeks [1]
(c) State whether the head office relocation will be complete by 1st December [1]
16 weeks + 2 weeks = 18 weeks [1]

Yes - the relocation will be complete by mid-November

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Gantt Charts | HL IB Business Management Revision Notes 2024

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Revision notes on Gantt Charts for the HL IB Business Management syllabus, written by the Business Management experts at Save My Exams.

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Paul hoang textbook answer for force field analysis 

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Paul hoang textbook answer for force field analysis 

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is a lactose-free chocolate product manufactured by a large multinational confectionery business. In recent years increased competition from other well-known brands has started to impact on sales of the product and managers are determined to maintain Caramelac's market share.

Market research has shown that the business has two options:

a) Redevelop the product
b) Create a new advertising campaign

The expected outcomes and the probabilities of success and failure are shown in the decision tree below

Calculate the expected values of each option and decide, on financial grounds, which option the Caramelac's brand managers should choose. (6 marks)
Step 1 - Calculate the expected value of redeveloping the product Step 2 - Calculate the expected value of the advertising campaign Step 3 - Interpret the outcomes and make a decision
As the expected value of redeveloping the product is higher at £378,000 than that of the advertising campaign at £365,600 ((1 mark), the business should choose the option to redevelop the product 1 mark).

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Decision Trees | HL IB Business Management Revision Notes 2024

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Revision notes on Decision Trees for the HL IB Business Management syllabus, written by the Business Management experts at Save My Exams.

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SR= 14000*10= 140000

COGS=

O.S+P-C.S= 10000+35000- 12000= 33000

GP= 140000-33000= 107000

GP- OVERHEAD EXPENSES=

107000- 17000

NET PROFIT BEFORE INTEREST AND TAX = 90000

LESS INTEREST= 50000

NPBT= 85000

LESS TAX= 85000*15/100( 12750)

NPafter interest and tax= 72250

B)

SR= 135000

GP= 101000

COGS= 34000/101000*100

COGS= 33.6 (34%)

SR= 100-34= 66%

IF COGS IS NOT GIVEN IN THE QUESTION

GPM= GP/SR *100

= 101000/ 135000*100= 74.8%

SR= 135000

NP= 70200

NPM= NP/SR*100

= 70200/ 135000*100

= 52%

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IB BM FORMULA BOOKET PREPARED BY THE TEACHER

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IB BM FORMULA BOOKET PREPARED BY THE TEACHER

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IB BUSINESS MANAGEMENT FORMULA SHEET ( MY IB OFFICIAL WEBSITE)

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PROFIT AND LOSS ACCOUNT KNOWN AS

income statement

STATEMENT OF THE FINANCIAL POSITION= balance sheet

PROFIT= net profit/ Operating profit

COGS= cost of goods sold/ Variable cost/ direct cost

FC= fixed costs / overhead expenses/ overhead cost/ indirect cost

REVENUE = Total revenue/ sale revenue= P*Q

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15) Marc Morris purchases a manufacturing machine for $20000. It has a useful life of five years and a residual value at the end of this period of$3000. He estimates a depreciation rate of 25% if the reducing balance method is used. Calculate and compare the results of the straight line and reducing balance methods.      

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15) Marc Morris purchases a manufacturing machine for $20000. It has a useful life of five years and a residual value at the end of this period of$3000. He estimates a depreciation rate of 25% if the reducing balance method is used. Calculate and compare the results of the straight line and reducing balance methods.      

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calculate the depreciation using both the straight-line method and the reducing balance method:

1. Straight-Line Method:

Depreciation per year = (Cost - Residual Value) / Useful Life

Depreciation per year = ($20,000 - $3,000) / 5 years

Depreciation per year = $17,000 / 5 years

Depreciation per year = $3,400

2. Reducing Balance Method:

The depreciation rate is given as 25%. So, each year, the machine's book value will decrease by 25% of its remaining book value.

Year 1:

Depreciation = 25% * $20,000 = $5,000

Book value at the end of Year 1 = $20,000 - $5,000 = $15,000

Year 2:

Depreciation = 25% * $15,000 = $3,750

Book value at the end of Year 2 = $15,000 - $3,750 = $11,250

Year 3:

Depreciation = 25% * $11,250 = $2,812.50

Book value at the end of Year 3 = $11,250 - $2,812.50 = $8,437.50

Year 4:

Depreciation = 25% * $8,437.50 = $2,109.38

Book value at the end of Year 4 = $8,437.50 - $2,109.38 = $6,328.12

Year 5:

Depreciation = 25% * $6,328.12 = $1,582.03

Book value at the end of Year 5 = $6,328.12 - $1,582.03 = $4,746.09

Now, let's compare the results:

Straight-Line Method:

Depreciation per year = $3,400

Reducing Balance Method (Total depreciation over 5 years):

Year 1: $5,000

Year 2: $3,750

Year 3: $2,812.50

Year 4: $2,109.38

Year 5: $1,582.03

So, under the straight-line method, the depreciation each year is $3,400, while under the reducing balance method, the total depreciation over 5 years is approximately

$4746

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14) Harlow and Wang Stationers purchase a printing  machine for $ 1,00,000 with an expected useful life of five years. The firm uses a depreciation rate of 30%. Calculate the residual value of the asset after five years. [3]                                                                      

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14) Harlow and Wang Stationers purchase a printing  machine for $ 1,00,000 with an expected useful life of five years. The firm uses a depreciation rate of 30%. Calculate the residual value of the asset after five years. [3]                                                                      

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Reference: When residual value is unknown, under the straight line method: Take the book value ( purchase cost) multiply them with the depreciation rate until the lifespan of the asset mentioned in the question.

Purchase cost= 100000

Life span is 5 year

Depreciation rate : 30%

calculate residual value of the asset after 5 years:

Ans:

Year 0: Depreciation = 0

Book value= 1,00,000

Year 1: Depreciation cost: 100000* 30/100

= 30000

Book value= BOOK VALUE OF YEAR 0- depreciation

= 1,00,000- 30000

= 70000

Year 2: DC: 70000*30/100= 21000

BOOK VALUE= BOOK VALUE OF YEAR 1 t- depreciation

= 70000-21000

= 49000

Year 3: DC= 49000*30/100= 14700

book value= BOOK VALUE OF YEAR 2 - depreciation

= 49000- 14700

=34300

year 4: DC= 34300*30/100= 10290

BOOK VALUE= BOOK VALUE OF YAER 3- DEP

= 34300-10290= 24010

YEAR 5: DC= 24010*30/100= 7203

BOOK VALUE= BOOK VALUE OF YEAR 4- DEPRECIATION

= 24010- 7203= 16807

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14 straight line method to calculate residual value.PNG

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profit and loss account for the company name for the year ending date 

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profit and loss account for the company name for the year ending date 

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Sale revenue/sales turnover/ total revenue: SR/TR:

P*Q

P- PRICE

Q- NO, OF UNITS SOLD/ NO. OF QUANTITY SOLD

COST OF GOODS SOLD REFERS TO VARIABLE COST/ direct cost= opening stock + purchases- closing stock

1. SALES REVENUE - COST OF GOODS SOLD (VC)= GROSS PROFIT

2. Gross profit- Overhead expenses(FC)= Net profit before interest and tax(NBIT)also known as Net profit

3. Net profit before interest and tax - interest - tax= Net profit after interest and tax

4. Net profit after interest and tax- Dividends = Retained profits

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Balance sheet for the company name along with the date ( Mention the currency along with the amount )

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Balance sheet for the company name along with the date ( Mention the currency along with the amount )

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Working capital/ Net current assets/ Net current liabilities= CA-CL

Capital employed= Total assets- Current liability

Capital employed = Shareholders' funds + long-term liabilities

= ( Total assets- Total liabilities ) + long term liabilities

=  ( CA+ FA-CL-NCL)+ NCL

= (CA+FA)-CL

= Total assets- Current liability

Shareholder's fund= Capital employed - long -term liability

Shareholders fund ( Net asset) = Total assets- Total Liabilities

Shareholder’s funds(Owner’s equity)= Share capital + Reserves+ Profit and loss account.

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Coversheet: EE IN BM

TOPIC

RQ

CANDIDATE CODE

MONTH AND YEAR

WORD COUNT

TABLE OF CONTENT ( SECOND PAGE)

INTRODUCTION ( THIRD PAGE)

ADD INFORMATION IN THE FOOTNOTES

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In order to keep Clastify safe we block requests from bots, VPNs, TOR nodes, temporary proxies and other masking services.

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Gantt chart | Unit 1.7 Part 4 IB Business Management HL

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Need Vs want activity sheet

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CHAPTER 1: INTRODUCTION TO BUSINESS MANAGEMENT

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CHAPTER 1: INTRODUCTION TO BUSINESS MANAGEMENT