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Two quick accounting questions

  • 21-06-2010 12:18pm
    #1
    EvilLlamaThingy
    Closed Accounts Posts: 72 ✭✭


    Right so, in Interpretation, if you're not 100% sure about a formula, say you're not sure if it's P/E or P/D, if you do both do they penalise you or do they ignore the wrong one?

    And for Marginal Costing, how do you do the question if you're not given the number of the units how do you do the question?? xP

    Thanks in advance :)


Comments

  • #2
    Eire-Dearg
    Registered Users Posts: 8,900 ✭✭✭Eire-Dearg


    You usually have to find the number of units yourself - just divide your sales by the cost of units.


  • #3
    EuropeanSon
    Registered Users, Registered Users 2 Posts: 2,819 ✭✭✭EuropeanSon


    EvilLlamaThingy wrote: »
    Right so, in Interpretation, if you're not 100% sure about a formula, say you're not sure if it's P/E or P/D, if you do both do they penalise you or do they ignore the wrong one?

    And for Marginal Costing, how do you do the question if you're not given the number of the units how do you do the question?? xP

    Thanks in advance :)
    For the first one, I'd say yes, just do one. P/D is at present payout rate, P/E is anything else, just remember that.

    As for # units, just divide sales by selling price.


  • #4
    EvilLlamaThingy
    Closed Accounts Posts: 72 ✭✭EvilLlamaThingy


    Thanks for the answer to the first question =)

    The marginal costing one I meant more if they don't give you sales price either.. just give you figures... My accounting teacher did something like that in class and gave us a method apparently, but I wasn't in.. Maybe I'm just overcomplicating things in an attempt to be totally prepared?


  • #5
    Eire-Dearg
    Registered Users Posts: 8,900 ✭✭✭Eire-Dearg


    Section 3 is usually very straightforward and mathematical, once you know the basic procedure you'll be fine.


  • #6
    EvilLlamaThingy
    Closed Accounts Posts: 72 ✭✭EvilLlamaThingy


    Ok that's reassuring. Thank you ^_^

    That's me all set now :)


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  • #7
    EuropeanSon
    Registered Users, Registered Users 2 Posts: 2,819 ✭✭✭EuropeanSon


    EvilLlamaThingy wrote: »
    Thanks for the answer to the first question =)

    The marginal costing one I meant more if they don't give you sales price either.. just give you figures... My accounting teacher did something like that in class and gave us a method apparently, but I wasn't in.. Maybe I'm just overcomplicating things in an attempt to be totally prepared?
    Probably. Don't panic, just look at the figures, you'll figure out a way. Don't worry, it will probably not be there.


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