Post Your Accounting Answers

SimpleLogic

I am not the best at Accouting. So if you get different answers, your most likely better off :-)


Q3 Accumilated fund = 748,635
Income+expenditure= 60,584

Q4 Published = 439,000

Q5 Dividend yield= 4.8%
Opening Stock= 62,000
EPS=16 cent
recoup= 20.8 years
price earning ratio = 8.125:1

Q6 operating profit = 169,000
cash outflow = 98,000
change in debt = 14,000

Q9 -7862, 6139
- 143786
- 26,344
-156916

Diarmsquid

Burner- wrote: »

I am not the best at Accouting. So if you get different answers, your most likely better off :-)


Q3 Accumilated fund = 748,635
Income+expenditure= 60,584

Q4 Published = 439,000

Q5 Dividend yield= 4.8%
Opening Stock= 62,000
EPS=16 cent
recoup= 20.8 years
price earning ratio = 8.125:1

Q6 operating profit = 169,000
cash outflow = 98,000
change in debt = 14,000

Q9 -7862, 6139
- 143786
- 26,344
-156916

These one's look familiar. Those are the only two out of those that I did.

Yesssssssssss:D

Stin

for published i got 400000

for the cash flow i got
operating profit 169000
cash outflow 75000 (i think...)
and change in net debt, 14000

yenoolnairb

Q3 accumulated fund - 699735
income & expenditure - 63 580

Q5 got the same ratios as you.

Q4 i got 424000

dunno bout the rest

JJPW89

Q1 I got two different answers for capital employed which were 1027325 and 1033700

Q5 Ratios were
Div yield 4.8%
Opening stock 62000
Eps 16cent
20.8
8.125

Q7 I got capital employed as 455190

Q9 net profit of 454310

Slashman X

Q8 the very last question, anyone else do a huge complicated maths equation?

Cash flow was a decrease of 6,000, that's the right answer.

Yuugib

hmm i think i got like - 6000 cash outflow .. mm.. but it all balanced at the end.. wierd
the ratios worked out the same ) yeey

The LeavyC

totally cocked cash flow by adding everything in the abridged instead of minusing. literally so long since id done one.
Q1 i got a balancing 1026375.. cud be wrong, havnt heard any1 elses
Q9 got gross profit 654310

nerd3000

654 310 is definitely right for the Q9 Budget!!

our teacher did it out during the exam!!

What did ye do with quoted investments and stuff!??

armbruster

The LeavyC wrote: »

totally cocked cash flow by adding everything in the abridged instead of minusing. literally so long since id done one.
Q1 i got a balancing 1026375.. cud be wrong, havnt heard any1 elses
Q9 got gross profit 654310

yep got your budgeting answer

The LeavyC

armbruster wrote: »

yep got your budgeting answer

sweet, any1 balance q1? i havnt heard any1 elses figure yet

armbruster

what's was the question about prudent management?

and what do accountant's consider when preparing financial statements?

f1dan

Slashman X wrote: »

Q8 the very last question, anyone else do a huge complicated maths equation?.

Not a huge one. If x = sales and profit is 15% of sales then x - variable costs - fixed costs = 0.15x

Turquoise

Yay! I got the right answer for the budgeting.

Did anyone else get 390,000 for the published?!
My Cash flow worked out right, thankfully.

I got an Accumulated fund of 691,735 and an excess of income over expenditure of 33,180 for Clubs - anyone get these or similar?

Suspense was a disaster, it didn't balance, and I only had two figures for my corrected net profit.

Slashman X

f1dan wrote: »

Not a huge one. If x = sales and profit is 15% of sales then x - variable costs - fixed costs = 0.15x

Aye, thats what I did, but the Budgeted Profit wasn't equal the actual profit

Sales was 785,000 or something?

martincarey

My answers.
Q.4 p+L 31/12 bal 379000
Q6 decrease in cash (6000)
Net Debt 1/1 (84000)
Net Debt 31/12 (70000)

Q7 TNA 427180
420500 wrong.

Q9. profit 654310
Q3 acc fund 699860
excess of income 63455

will they give you attempt marks for suspense

louis626

Slashman X wrote: »

Aye, thats what I did, but the Budgeted Profit wasn't equal the actual profit

Sales was 785,000 or something?

Ye i got 785,000 too:D

robbieog

Q3-Accum Fund=€693,135
-income/exp=€61,780
I think tem 2 are correct.


Q4-P&L Balance=€387,000
The royalty patent goes in twice.not fully sure if its correct tho.


Q9- €654,310
Thats deffo correct

titan18

Wat was the answer for teh Operating Profit in the Cash Flow and how did you get it?

robbieog

€173,000 but i dont think dats rite.I think it mite be €103,000

Slashman X

I got €169,000

titan18

I got 160000 but I see how you got 169000.You used 60000 as tax paid.Is that right?I used 51000.39000 from last year and 60000-48000=12000 this year.Is that right?

flint_72

I thought that was a grand paper to be honest. I can see how people were shocked though,some of the questions that came up were supprising. But if u studied everything u should ave been grand.

Q1. I got to balance wit €1,026,375
Q 6. to check correctly,wit €169,000 ,€98,000 and €7,000
Q7. I got to balance wit €455,190 , but im not to sure how right that is
Q9 i cant remember what i got,bu it was a grand question.

Ally_ally

For the club account i got: Accumulated fund 691, 735....and income and expenditure, 63, 180.....anyone else get them??
Published accounts i got 418,000 for the p&l, i might have fecked up the quoted and unquoted investments though
Cash flow....i have either 157000 or 169000 written down...i'm not sure which 1 i got! and (6000) outflow
Budgeting gross proftit = 624,310

2 be honest though...i tend to make mistakes when under pressure, and i couldn't be bothered finishing the suspense!!!!

Ally_ally

martincarey wrote: »

My answers.
Q.4 p+L 31/12 bal 379000
Q6 decrease in cash (6000)
Net Debt 1/1 (84000)
Net Debt 31/12 (70000)

Q7 TNA 427180
420500 wrong.

Q9. profit 654310
Q3 acc fund 699860
excess of income 63455

will they give you attempt marks for suspense

i got your cashflow answers....was 30,000 out in the budgeting, but i hadnt looked over it so i'm wrong!

Ally_ally

Turquoise wrote: »

Yay! I got the right answer for the budgeting.

Did anyone else get 390,000 for the published?!
My Cash flow worked out right, thankfully.

I got an Accumulated fund of 691,735 and an excess of income over expenditure of 33,180 for Clubs - anyone get these or similar?

Suspense was a disaster, it didn't balance, and I only had two figures for my corrected net profit.

got the 691,735 for acc fund, but 63, 160 for the I&E, one of us is 30,000 out!