Accounting help ???

[~ Miss Relina ~]

its $10000 ,

its 10% of the total preferace shares

so if htey also said that :
  at the start of year it was paid
 $0.05 on each pref.share
At the end the reamainig was paid then what should we include in the pref.share dividend in P&L app.account

[SauD~]

i will try to follow ur tips *sir*

Good Luck Student

[Dasith]

appropriation :

interrim dividents :
preferance share dividend(0.05 x100000)            5000

Final dividend:
preferance                                                    5000
                

*** in preferance shares we only need to pay the 10% , not anything exceeding that. but anything less is possible if company decides to pay less or not pay @ all , but they shuld mention that in question then

[~ Miss Relina ~]

appropriation :

interrim dividents :
preferance share dividend(0.05 x100000)            5000

Final dividend:
preferance                                                    5000
                

*** in preferance shares we only need to pay the 10% , not anything exceeding that. but anything less is possible if company decides to pay less or not pay @ all , but they shuld mention that in question then

well whjat i dont get it is that how did u know the remaining pr.share dividend i mean there should be a value fromwhich u subtracted the interim pr . share dividevnd wht is this value plx and how did u get
 i know i might be so diturbing in my question as its too detaILED But would really apprecite it if u could help

[Dasith]

ok its like this:

we hav to pay 100000 x 10 /100  i.e 10000 dividents in $ for pref share holders yea?

& we are told that @ start of year 0.05 per share is paid(i.e interim -kind of prepayment )
i.e total payment was  0.05 x 100 000 shares = $ 5000 rite?

so if we need to pay a total of 10000 dividents &
we already paid                       5000  out of that
wats the remaining to be paid as final ??

10000 -5000 =5000 yea ?
did u get it ?

[ShiningStar]

Can anyone please help
Specimen 2010 Question 6.c), from where did 57200 come??
Isn't the Capital Employed= Loan + Share Capital & Reserves
Thanks in Advance

[~ Miss Relina ~]

ok its like this:

we hav to pay 100000 x 10 /100  i.e 10000 dividents in $ for pref share holders yea?

& we are told that @ start of year 0.05 per share is paid(i.e interim -kind of prepayment )
i.e total payment was  0.05 x 100 000 shares = $ 5000 rite?

so if we need to pay a total of 10000 dividents &
we already paid                       5000  out of that
wats the remaining to be paid as final ??

10000 -5000 =5000 yea ?
did u get it ?

yaaaaaaaaaaay Thanks now  i got it Thanks very much dear 

[~ Miss Relina ~]

Can anyone please help
Specimen 2010 Question 6.c), from where did 57200 come??
Isn't the Capital Employed= Loan + Share Capital & Reserves
Thanks in Advance

well u will find in trialbalance the retained profit 47 200 +issued share capital 10 000= 57200
 hope  ihelped

[Dasith]

yaaaaaaaaaaay Thanks now  i got it Thanks very much dear 

no prob

[Dasith]

Can anyone please help
Specimen 2010 Question 6.c), from where did 57200 come??
Isn't the Capital Employed= Loan + Share Capital & Reserves
Thanks in Advance

dude i think u didnt read the question properly in thsi
they ask return on OPENING CAPITAL  , i.e capital @ 2009 , so yea capital @ 2009 was 10000
& the only reserve was retained profit i.e 47 200 as posted by relina

[ShiningStar]

dude i think u didnt read the question properly in thsi
they ask return on OPENING CAPITAL  , i.e capital @ 2009 , so yea capital @ 2009 was 10000
& the only reserve was retained profit i.e 47 200 as posted by relina

Ya I Know that it is the opening capital, but my questions is why didn't we add the LOAN???
As I know Capital Empolyed= Loan + Share Capital & Reserves
so what I did was 16000/(42700+10000+5000) 

[~ Miss Relina ~]

dude i think u didnt read the question properly in thsi
they ask return on OPENING CAPITAL  , i.e capital @ 2009 , so yea capital @ 2009 was 10000
& the only reserve was retained profit i.e 47 200 as posted by relina

ur student

[Dasith]

Ya I Know that it is the opening capital, but my questions is why didn't we add the LOAN???
As I know Capital Empolyed= Loan + Share Capital & Reserves
so what I did was 16000/(42700+10000+5000) 

Net assets is Assets - liabilities (according to the latest definition  they keep changing it all the time  & they expect our definitions in books to change too i think thaugh they were bought 2 years b4 :O
its not fixed assets + working capital ( as u might hav thaught )

i think now u got u r ans rite ??

[Dasith]

ur student

Lmao , lol hehe ,

[ShiningStar]

Net assets is Assets - liabilities (according to the latest definition  they keep changing it all the time  & they expect our definitions in books to change too i think thaugh they were bought 2 years b4 :O
its not fixed assets + working capital ( as u might hav thaught )

i think now u got u r ans rite ??

Oh....So the Capital Employed is just the Share Capital and Reserves Right??
Thank Youu