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* Accounting (HL) Predictions / discussion / aftermath * (One thread please)

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Comments

  • #182
    [Deleted User]
    Posts: 12,836 ✭✭✭✭ [Deleted User]


    what.to.do wrote: »
    First, I did it wrong. I let the 4% equal the 1500 and worked it out. I saw later on that there was 500 due, so fixed it from there. 4% = 2000, got investments equal to 50000. I think.

    Swear it was 1900


  • #183
    Matthew712
    Registered Users, Registered Users 2 Posts: 84 ✭✭Matthew712


    lufc1993 wrote: »
    Yea 922330 is right - my teacher came in and got the paper and did it getting 922330 as balancer. 3 of us in my centre got that aswell
    No €933130 is right. You must have take 5400 in note (vi) from cl stock of FG instead of adding it back.


  • #184
    Ekster
    Closed Accounts Posts: 4 ✭Ekster


    electrictrad wrote: »
    Could anyone verify these answers, if anyone's in the habit of writing them on their paper, like I am

    Q3 - Profit carried forward = €154,000
    Depreciation on Tangible assets = €58,000

    Q5a - i) €94,600
    ii) 36.45%
    iii)7.42c
    iv)5.06%
    v)19.78 years

    Q7 Tabular - €1,103,325

    Q8
    a) B.E. = 44,871 units M.O.S = 45,129 units
    b) 99,026 units
    c) €103,600
    d) €13.32
    e) 35,940 units

    Thanks for making me feel good about my marginal :) Got the exact same as you, and I was really rushing it because i was running out of time. Yay!:D


  • #185
    Matthew712
    Registered Users, Registered Users 2 Posts: 84 ✭✭Matthew712


    just did q4. got net profit of €58300


  • #186
    lufc1993
    Closed Accounts Posts: 21 ✭lufc1993


    Matthew712 wrote: »
    No €933130 is right. You must have take 5400 in note (vi) from cl stock of FG instead of adding it back.

    sorry was my friend he got the other one but as u can see from earler post got 933130 also. do u have a figure for tab?


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  • #187
    lufc1993
    Closed Accounts Posts: 21 ✭lufc1993


    does any1 have a figure for tab? did u have to put advertising in same as expenses due ye??


  • #188
    electrictrad
    Registered Users, Registered Users 2 Posts: 367 ✭✭electrictrad


    lufc1993 wrote: »
    does any1 have a figure for tab? did u have to put advertising in same as expenses due ye??

    €1,103,325. . .

    and no, because it's an expense prepaid . . .asset


  • #189
    YodaBoy
    Closed Accounts Posts: 170 ✭✭YodaBoy


    electrictrad wrote: »
    Could anyone verify these answers, if anyone's in the habit of writing them on their paper, like I am

    Q3 - Profit carried forward = €154,000
    Depreciation on Tangible assets = €58,000

    Q5a - i) €94,600
    ii) 36.45%
    iii)7.42c
    iv)5.06%
    v)19.78 years

    Q7 Tabular - €1,103,325

    Q8
    a) B.E. = 44,871 units M.O.S = 45,129 units
    b) 99,026 units
    c) €103,600
    d) €13.32
    e) 35,940 units


    You beaut!!! Marginal and Ratios all right!!!!!!!!!!! :D:D:D:D:D


  • #190
    YodaBoy
    Closed Accounts Posts: 170 ✭✭YodaBoy


    Duda17 wrote: »
    Was anyone else really stuck for time. What is the point in making us rush all these questions and at the same time making a balls of each one. If they gave us a decent amount of time we would all do better. It just dosn't make sense all these time constraints in exams. And what were ya meant to do for calculating the closing stock of the production budget?

    with ya on the time thing...i think i may miss the A1 cos i didnt properly get the Club theory done :mad: Would have been close if i had time for a good attempt there


  • #191
    YodaBoy
    Closed Accounts Posts: 170 ✭✭YodaBoy


    amortentia wrote: »
    I actually loved the interpretation only cause I'd learnt the headings for a bank manager right before. And plus my teacher had given an example of a bank manager giving a dodgy company (like Sully) a loan. That was probably my best question apart from marginal and it was what I was dreading the most!

    What headings did you use, Id never seen one with a bank manager before.

    I did Profitability, Gearing, Liquidity, Security, Investments, Sector and Existing loan. Any ones i missed??


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  • #192
    electrictrad
    Registered Users, Registered Users 2 Posts: 367 ✭✭electrictrad


    YodaBoy wrote: »
    What headings did you use, Id never seen one with a bank manager before.

    I did Profitability, Gearing, Liquidity, Security, Investments, Sector and Existing loan. Any ones i missed??

    You have to do all the box as a guideline, so a note on EPS is necessary too. . .


  • #193
    Matthew712
    Registered Users, Registered Users 2 Posts: 84 ✭✭Matthew712


    Q5 If Sully's future expansion is to build an incinerator to burn the bond holders, then the loan should be granted. Other information: Sully is a cousin of Bertie, the queer who fits Patrick.


  • #194
    amortentia
    Closed Accounts Posts: 63 ✭✭amortentia


    electrictrad wrote: »
    Could anyone verify these answers, if anyone's in the habit of writing them on their paper, like I am

    Q3 - Profit carried forward = €154,000
    Depreciation on Tangible assets = €58,000

    Q5a - i) €94,600
    ii) 36.45%
    iii)7.42c
    iv)5.06%
    v)19.78 years

    Q7 Tabular - €1,103,325

    Q8
    a) B.E. = 44,871 units M.O.S = 45,129 units
    b) 99,026 units
    c) €103,600
    d) €13.32
    e) 35,940 units

    Wow I wish I never came on this thread, those marginal figures looked different to mine and I did it again and realised I used the wrong fixed costs throughout my whole question. I'm absolutely devastated that I could make such a stupid mistake, on my best question that I've done dozens of and never made that mistake before. This is going to me haunting me all summer :( Probably not gonna get my points now.


  • #195
    what.to.do
    Registered Users, Registered Users 2 Posts: 223 ✭✭what.to.do


    AdamD wrote: »
    Swear it was 1900


    Meh, not bothered at this stage, its all done and dusted, forgotten about until august!


  • #196
    leaving cert finished 2k11
    Closed Accounts Posts: 7 ✭leaving cert finished 2k11


    did anyone do da debtors control accounts and if so could you tell me wat your final figure was for the original total in the schedule list of debtors?


  • #197
    lufc1993
    Closed Accounts Posts: 21 ✭lufc1993


    electrictrad wrote: »
    €1,103,325. . .

    and no, because it's an expense prepaid . . .asset
    how could it be an expense prepaid when it was y/e 31-3-2010

    wer doin june so surely u just write off 9months then 3 are paid for this year nd there is none prepaid?? i know there usually prepaid but thought thats cas its usually y/e 2011?


  • #198
    lufc1993
    Closed Accounts Posts: 21 ✭lufc1993


    ??????:(:(


  • #199
    electrictrad
    Registered Users, Registered Users 2 Posts: 367 ✭✭electrictrad


    lufc1993 wrote: »
    how could it be an expense prepaid when it was y/e 31-3-2010

    wer doin june so surely u just write off 9months then 3 are paid for this year nd there is none prepaid?? i know there usually prepaid but thought thats cas its usually y/e 2011?

    Good point. . .in that case, 2 possibilities. . .

    1. Cancel 1,500 of the expenses due,and the double-entry is P+L. No months required, as there will be nothing left over

    2. It was a misprint. . .no roundness to the expenses cancelled would suggest this as a possibility. . .

    As a trick or mistake, the marks for it will be low anyway, so don't worry yourself about it. . .


  • #200
    lufc1993
    Closed Accounts Posts: 21 ✭lufc1993


    ye k, thanks


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