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Results
November 2016
LCCI qualifications come from Pearson, the world’s leading learning company.
We provide a wide range of qualifications including academic, vocational,
occupational and specific programmes for employers. For further information,
please visit our website at www.lcci.org.uk.
• All candidates must receive the same treatment. Examiners must mark the
first candidate in exactly the same way as they mark the last.
• All the marks on the mark scheme are designed to be awarded. Examiners
should always award full marks if deserved, i.e. if the answer matches the
mark scheme. Examiners should also be prepared to award zero marks if
the candidate’s response is not worthy of credit according to the mark
scheme.
• When examiners are in doubt regarding the application of the mark scheme
to a candidate’s response, the team leader must be consulted.
• Crossed out work should be marked UNLESS the candidate has replaced it
with an alternative response.
ASE3003
November 2016
Question Answer Mark
Number
Award 1 mark (M1) for a fully correct method
1 (a)(i) Award 1 mark (A1) for 222851 or a more
accurate figure
= £6,123.71 A1 (2)
ASE3003
November 2016
Question Answer Mark
Number
1 (c)(i) Award 1 mark (M1) for 0.00015 x 365
Award 1 mark (A1) for 5.5% or a more
accurate figure
= 0.05475
= 5.475% A1 (2)
ASE3003
November 2016
Question Answer Mark
Number
2 (a)(i) Award 1 mark (M1) for 54400 divided by 85
Award 1 mark (A1) for 640
= 640 A1 (2)
= 0.08
= 8% A1 (3)
= £20.40 A1 (2)
= £680 A1 (2)
ASE3003
November 2016
Question Answer Mark
Number
2 (b)(ii) Award 1 mark (M1) for their answer to
2(b)(i) / 54400
Award 1 mark (A1) for 1.25%
= 0.0125
= 1.25% A1 (2)
= £12,376 A1 (2)
ASE3003
November 2016
Question Answer Mark
Number
3 (a)(i) Award 1 mark (M1) for 37 - 31
Award 1 mark (M1) for 84750 / contribution
Award 1 mark (M1) for 96000 minus a
calculated units figure
Award 1 mark (A1) for 81875
= £6
= 14,125
= 81,875 A1 (4)
= £491,250 A1 (2)
= £37.80 (1)
ASE3003
November 2016
Question Answer Mark
Number
3 (b)(ii) Award 1 mark (M1) for total variable cost
Award 1 mark (A1) for total cost
Total cost
= £189,000 + £81,000
= £270,000 A1 (2)
M < 2433.86
ASE3003
November 2016
Question Answer Mark
Number
4 (a)(i) Award 1 mark (M1) for 2.5 x 2350000
Award 1 mark (A1) for 5875000
= £5,875,000 A1 (2)
= £3,995,000 A1 (2)
= £466,000 A1 (2)
ASE3003
November 2016
Question Answer Mark
Number
4 (c)(ii) Award 1 mark (M1) for
COGS – Opening stock + Closing stock
in words or figures
Award 1 mark (A1) for 1201300
Net purchases
= COGS – Opening stock + Closing stock M1
= £1,201,300 A1 (2)
Average stock
= (Opening stock + Closing stock) / 2 M1
= (£62,350 + £67,650) / 2
= £65,000
ASE3003
November 2016
Question Answer Mark
Number
5 (a) Award 1 mark (M1) for
500000 – (3 x 150000)
Award 1 mark (M1) for
(12 / 3) x payment still required
Award 1 mark (A1) for 200000
= £50,000
= £50,000 x 12 / 3
= £200,000 A1 (3)
= £125,000 A1 (2)
= 0.901 A1 (2)
ASE3003
November 2016
Question Answer Mark
Number
5 (c)(ii) Award 1 mark (M1) for
1 / discount factor from 5(c)(i)
Award 1 mark (A1r) for 11%
Working must be shown for M1 mark.
Otherwise correct answer gets A1 only.
= 1.10988
≈ 0.11
= 6.8% A1 (3)
Or:
= 6.8% A1 (3)
ASE3003
November 2016
Question Answer Mark
Number
6 (a)(i) Award 1 mark (M1) for 0.3 x 5500
Award 1 mark (A1) for 1650
= £1,650 A1 (2)
= £2,880 / 0.3 M1
= £9,600 A1 (2)
= £4,200
= £18,200 A1 (3)
= £271,500 x 0.3 M1
= £81,450
= £141,650 A1 (3)
ASE3003
November 2016
Question Answer Mark
Number
6 (c) Award 1 mark (M1) for
271500 + 53000, without the 7200
Award 1 mark (M1) for their answer to 6(b)
divided by their liabilities before
liquidation
Award 1 mark (A1) for 44% or more
accurate percentage figure
= £324,500
= 0.4365177
= 44% A1 (3)
ASE3003
November 2016
Question Answer Mark
Number
7 (a)(i) Award 4 marks for 40%
Or:
Award 1 mark (M1) for 540000 / 2500000
Award 1 mark (M1) for seeing a cube root or
a one-third power
Award 1 mark (M1) for
1 minus any figure between 0 and 1
Award 1 mark (A1) for 40%
= 0.216
= 0.6
M1
Rate of depreciation = 1 - 0.6
A1
= 40% (4)
Or:
Award 2 marks (M2) for a fully correct
formula in figures
Rate of depreciation
= 1 - 3√(540,000 / £2,500,000)
= 40%
= £1,000,000 A1 (2)
ASE3003
November 2016
Question Answer Mark
Number
7 (a)(iii) Award 1 mark (M1) for
2500000 x (1 – their answer to 7(a)(i))2
Award 1 mark (A1) for 900000
= £2,500,000 x (0.6)2 M1
= £900,000 A1 (2)
= £130,000 A1 (2)
= £20,000 + £130,000 M1
= £150,000 A1 (2)
ASE3003
November 2016
Question Answer Mark
Number
8 (a)(i) Award 1 mark (M1) for
one Weighting x Index
Award 1 mark (M1) for adding Weightings
Award 1 mark (M1) for
adding three WI figures
Award 1 mark (M1) for ∑WI / ∑W
Award 1 mark (A1) for 149
A 114 13 1,482 M1
B 190 15 2,850
C 133 10 1,330
Totals 38 5,662 M1 M1
= 149 A1 (5)
= 9.8 (index)
A1 (2)
= 9.8%
ASE3003
November 2016
Question Answer Mark
Number
8 (b) Award 1 mark (M1) for 13 + 15 + 10 + 12
Award 1 mark (M1) for
New total weighting x 143
Award 1 mark (M1) for
New total weighted index minus ∑WI
Award 1 mark (M1) for
Increase in weighted index / 12
Award 1 mark (A1) for 124
= 50
= 7,150
= 1,488
= 124 A1 (5)
ASE3003
November 2016