CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education Advanced Subsidiary Level
and Advanced Level
Paper 1 Multiple Choice
Additional Materials: Multiple Choice Answer Sheet
Soft clean eraser
Soft pencil (type B or HB is recommended)
READ THESE INSTRUCTIONS FIRST
Write in soft pencil.
Do not use staples, paper clips, highlighters, glue or correction fluid.
Write your name, Centre number and candidate number on the answer sheet in the spaces
provided unless this has been done for you.
There are thirty questions on this paper. Answer all questions. For each question there are four possible
answers A, B, C, and D.
Choose the one you consider correct and record your choice in soft pencil on the separate answer sheet.
Read the instructions on the answer sheet very carefully.
Each correct answer will score one mark. A mark will not be deducted for a wrong answer.
Any rough working should be done in this booklet.
Calculators may be used.
This document consists of 10 printed pages and 2 blank pages.
1 A company manufactures a single product as shown.
$20 per unit
$15 per unit
Its budgeted fixed costs are $200 000.
How many units must the company sell to make a net profit of $50 000?
A 10 000 units
B 30 000 units
C 40 000 units
D 50 000 units
The table gives data about rental income for the year ended 31 March 2003.
rents owing 31 March 2002
rents received in advance 31 March 2002
rents written off
rents owing at 31 March 2003
rents paid in advance at 31 March 2003
Which figure for rental income will appear in the Profit and Loss Account for the year ended
31 March 2003?
A $14 010
B $14 210
C $14 310
D $14 510
3 At the beginning of the year a business has a provision for doubtful debts of $2600. At the year
end the provision is to be 5% of trade debtors.
The balance on the Debtors Control account at the year end is $69 200, before writing of