O-LevelAccountingAnalysis and interpretationOct/Nov 2022Paper 1 Q291 Mark

Thabo provided the following information. revenue $250 000 gross margin 20% rate of inventory turnover 5 times What was the average inventory for the year?

Q: What is the correct answer to this O-Level Accounting question?

The correct answer is C: $40 000.

Q: What topic does this question test?

This question tests Analysis and interpretation in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

A$10000

B$37 500

C$40 000

D$50000

✓ Correct Answer

The correct answer is C: $40 000

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This O-Level Accounting Question

Topic

This multiple-choice question tests Analysis and interpretation in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2022 examination, Paper 1 Variant 2.

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