**Accounting...Before/After**

RedTexan

ACBBFG wrote: »

I did the same as you. It could be right I wouldnt rule it out as a possibility. We got the right answer at least

I think it goes in the abridged profit and loss, well I know in question 1 the investment interest is always after operating profit, so on that basis should it not go after here too?

fleeflyfloflum

RedTexan wrote: »

I think it goes in the abridged profit and loss, well I know in question 1 the investment interest is always after operating profit, so on that basis should it not go after here too?

That was the logic I followed too.

Chavways

Laaaads what a dacent paper. I was going in hoping for a C1 or B3 and after that I'll be very disappointed if I don't get an A. It was so easy.

Sunny!!

it was the fairest paper in years! I'm shocked in a good way!

bobjimmy

Any body do the interpetation question. the net profit was kinda wierd. Its interest is usually taken away from it but in this question it wasnt. But since it said net profit i just took that figure. Was this right?

Chavways

bobjimmy wrote: »

Any body do the interpetation question. the net profit was kinda wierd. Its interest is usually taken away from it but in this question it wasnt. But since it said net profit i just took that figure. Was this right?

Yep

Sunny!!

did anyone get for the ratios

-130000
-3.15 times
-4.8
-7.1825 times
-1.12

padocon

For payback I got 35 years, I must have put in div per share instead of earnings per share, the rest sound right.

Sunny!!

padocon wrote: »

For payback I got 35 years, I must have put in div per share instead of earnings per share, the rest sound right.

i wrote down the dps and crossed out is it eps? bit iffy!

emmamurphy233

Sunny!! wrote: »

did anyone get for the ratios

-130000
-3.15 times
-4.8
-7.1825 times
-1.12

I got
- 129600
- 4.15 times
- 4.8 times
- 34.5 years
- €1.12

ACBBFG

RedTexan wrote: »

I think it goes in the abridged profit and loss, well I know in question 1 the investment interest is always after operating profit, so on that basis should it not go after here too?

Yeah I agree that's what I did as well.

padocon

Will someone who knows let us know
:if it says "biased on current payout rate" is it Div per share or earnings per share?

To get the amount of time to recoup the value of ordinary share.

How fast do you guys write to be able to record your ratio answers!?!

emmamurphy233

Sunny!! wrote: »

i wrote down the dps and crossed out is it eps? bit iffy!

Its MPS/DPS

moll_bangers

RedTexan wrote: »

ACBBFG wrote: »

I did the same as you. It could be right I wouldnt rule it out as a possibility. We got the right answer at least

I think it goes in the abridged profit and loss, well I know in question 1 the investment interest is always after operating profit, so on that basis should it not go after here too?

That makes sense but was it not investment interest due in a balance sheet? Ah sure itl be prob a 5 Mark difference anyway :P

emmamurphy233

padocon wrote: »

Will someone who knows let us know
:if it says "biased on current payout rate" is it Div per share or earnings per share?

To get the amount of time to recoup the value of ordinary share.

How fast do you guys write to be able to record your ratio answers!?!

DPS!
Based on current earnings is EPS! You pay out dividends, you earn earnings, that's how I always remembered. :P

padocon

emmamurphy233 wrote: »

Its MPS/DPS

Thanks

Did anyone find that service firm hard?? I did, the workings!! OMG

RedTexan

moll_bangers wrote: »

That makes sense but was it not investment interest due in a balance sheet? Ah sure itl be prob a 5 Mark difference anyway :P

Yeah but the abridged P&L is only concerned with figures to do with this year (accruals) principle. The actual cash that was received for investment was 2000 in the cash flow

Sunny!!

if i wrote it down and crossed it out but they can still see it will i get the marks?

Walters

Got everything balanced

Sunny!!

Walters wrote: »

Got everything balanced

did you do service firm?

hiyakeano

Am i the only person who though Q1 - company accs was really tricky? like what was up with the stock and the fire? soo strange..

Walters

Sunny!! wrote: »

did you do service firm?

Yeah man

Sunny!!

Walters wrote: »

Yeah man

anychance you know the balancing figure was it in the 900000's

RedTexan

hiyakeano wrote: »

Am i the only person who though Q1 - company accs was really tricky? like what was up with the stock and the fire? soo strange..

Thought it was fine! There was nothing very strange, that part was kinda self explanatory.

hiyakeano

RedTexan wrote: »

Thought it was fine! There was nothing very strange, that part was kinda self explanatory.

Where did you put the stock in the profit and loss account??? (caused it said to put it in separately)

whatsec

Sunny!! wrote: »

anychance you know the balancing figure was it in the 900000's

mine balanced at 883960

ACBBFG

whatsec wrote: »

mine balanced at 883960

Got the same

Sunny!!

whatsec wrote: »

mine balanced at 883960

damn. It must have been something small i did i got 60 at the end alright!

Rebels101

did anyone do suspense question? what answer did ye get for part i)...that was the only tricky part i thought

Walters

Sunny!! wrote: »

anychance you know the balancing figure was it in the 900000's

nope got 88 cant remember the rest