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These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.

These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.

These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.

These are explanations and solutions for IB past papers, not the official version. For official papers, you can go to IB Follet or access them through your school.

 

01 Hours 15 Minutes

 

30 Marks

 

Calculator is allowed

IB BUSINESS MANAGEMENT SL, Paper 2, November, 2021, TZ0, Solved Past Paper

Master the 2021 IB November for Paper 2 Business Management SL with examiner tailored solutions and comments for TZ0

Question 1 [Explained]

Jill's Gloves (JG) is a business owned by Jill McAloon that manufactures and sells ski gloves. Each pair of gloves is sold for $20. Jill has forecasted sales of 20,000 units for the year 2022. She has also projected the fixed costs and variable costs for that year.


Question 1 [a] [Explanation]

This question asks you to state two features of a sole trader.


Question 1 [b] [Explanation]

This question asks you to construct a fully labelled break-even chart, to scale, for JG for 2022.


Question 1 [c] [Explanation]

This question asks you to calculate JG's level of profit if sales are 20,000 units in 2022. You must show all your working.


Question 1 [d] [Explanation]

This question asks you to explain how the changes that Jill expects in fixed and variable costs in 2023 would affect the total costs line of the break-even chart from your answer to (b).


Question 2 [Explained]

Wong Corporation (WC) manufactures clothes dryers and pays tax at a rate of 20%. WC has a hierarchical organizational structure. The question involves understanding the features of this structure, preparing a profit and loss account, calculating net cash flow, and explaining the difference between profit and cash flow.

Question 2 [a] [Explanation]

This question asks you to state two features of a hierarchical organizational structure.

Question 2 [b] [Explanation]

This question requires you to calculate the values of X and Y in Table 3 and prepare a profit and loss account for WC for 2022. You need to show all your working.