Exam (elaborations)
Exam Paper 2 questions AS business
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Exam Paper 2 questions AS business
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Write your name hereSurname Other names
Centre Number Candidate Number
Pearson Edexcel
Level 3 GCE
Business
Advanced Subsidiary
Paper 2: Managing business activities
Tuesday 24 May 2016 – Afternoon Paper Reference
Time: 1 hour 30 minutes 8BS0/02
You do not need any other materials. Total Marks
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your name,
centre number and candidate number.
• Answer all questions.
• Answer the questions in the spaces provided
– there may be more space than you need.
Information
• The
The total mark for this paper is 80.
• – usemarks for each question are shown in brackets
this as a guide as to how much time to spend on each question.
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• Read each question carefully before you start to answer it.
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Try to every question.
• your answers if you have time at the end.
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P49833A
©2016 Pearson Education Ltd.
*P49833A0116*
1/1/1/1/1/1/1/1/1/1/1
, Answer ALL questions.
SECTION A
Read the following Extracts (A to B) before answering Question 1.
Write your answers in the spaces provided.
Extract A
Backpack: Student sets up online homework planner business
Backpack Ltd is a small start-up company set-up in Plymouth in 2012. Alistair started the
company after leaving school when he was 18 and he is the main shareholder. Alistair
chose to set-up the business as a private limited company to gain limited liability.
Backpack Ltd has developed an online homework planning application, or ‘app’, which
is suitable to run on iOS and Android mobile phones. The app replaces the traditional 5
paper-based homework diary and allows teachers to set and track homework online.
In order to start his company, Alistair needed to raise £20 000 to develop and bring the
app to market. Alistair approached his local bank for a loan, but his business plan failed
to impress them and he was forced to raise venture capital instead. This required Alistair
to provide outside investors with 65% of the issued shares. 10
(Source: adapted from http://www.backpack.ac)
Extract B
Selected information about Backpack Ltd’s homework app in 2015
Fixed costs per year = £10 000
Contribution per school = £1 800
Selling price per school = £2 000
Variable costs per school = £200
(Source: interview with main shareholder in Backpack Ltd 18/4/15)
2
*P49833A0216*
, 1 (a) What is meant by limited liability?
(2)
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(b) What is meant by fixed costs?
(2)
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(c) Using the data in Extract B, and assuming a sales volume of 20 schools in 2015,
calculate Backpack Ltd’s likely profit. You are advised to show your working.
(4)
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*P49833A0316*
3
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