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Accounts P3 doubts here

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Alpha:

--- Quote from: cs on November 16, 2011, 09:50:31 am ---i did June2011

and having doubts if anyone can help urgently tyvm

--- End quote ---

7)

Net assets of Ess= 250 000.
Cash goes out, Net assets of Ess= 250 000 - 100 000 = 150 000.
Buys business of Tee, worth 100 000 (i.e. 80 000 net assets+ 20 000 goodwill), Net assets of Ess= 150 000 + 100 000 = 250 000.

8 )

1.5 m - net assets taken over.
Net assets taken over= 400k + 120k - 200k

Don't mind... but you need revision. The questions are direct.  :-\

http://www.thestudentroom.co.uk/wiki/Category:A_Level_Accounts_Revision_Notes

cs:

--- Quote from: ~Alpha on November 17, 2011, 01:15:57 pm ---7)

Net assets of Ess= 250 000.
Cash goes out, Net assets of Ess= 250 000 - 100 000 = 150 000.
Buys business of Tee, worth 100 000 (i.e. 80 000 net assets+ 20 000 goodwill), Net assets of Ess= 150 000 + 100 000 = 250 000.

8 )

1.5 m - net assets taken over.
Net assets taken over= 400k + 120k - 200k

Don't mind... but you need revision. The questions are direct.  :-\

http://www.thestudentroom.co.uk/wiki/Category:A_Level_Accounts_Revision_Notes





--- End quote ---

Thank you, after looking at it, i can solve no.8, i can't get 11,19. but thanks for your help. i manage to practice those pass year question, hope its enough, will do my best  :)
edit: finally, solved the rest :D sorry for asking easy questions  :)

Alpha:

--- Quote from: cs on November 17, 2011, 03:33:02 pm ---Thank you, after looking at it, i can solve no.8, i can't get 11,19. but thanks for your help. i manage to practice those pass year question, hope its enough, will do my best  :)

--- End quote ---

11)

NBV of each share= 50.
15 000 shares, NBV of all shares = 50*15k= 750k.

You'll notice only reserves total is given, share capital is missing. Therefore, share capital= 750k- 420k= 330k.
Nominal value of each share= 330k/15k = 22.


19)

Total value of WIP increase, 60% of 100 (i.e.60 units) instead of 50% of 100 (or 50 units).
Cost of production will decrease because now it's COP/(60+u) instead of COP/(50+u), where u is the number of completed units.


You got it now? :)

cs:

--- Quote from: ~Alpha on November 17, 2011, 03:52:00 pm ---11)

NBV of each share= 50.
15 000 shares, NBV of all shares = 50*15k= 750k.

You'll notice only reserves total is given, share capital is missing. Therefore, share capital= 750k- 420k= 330k.
Nominal value of each share= 330k/15k = 22.


19)

Total value of WIP increase, 60% of 100 (i.e.60 units) instead of 50% of 100 (or 50 units).
Cost of production will decrease because now it's COP/(60+u) instead of COP/(50+u), where u is the number of completed units.


You got it now? :)

--- End quote ---

Thank you so much Alpha for your help :D

Tohru Kyo Sohma:
1 The following information has been extracted from the accounts of a company.
                                                                                            at 31 May
                                                                                       year 1      year 2
                                                                                          $            $
operating profit                                                                 700 000    880 000
depreciation                                                                       54 000     62 000
(loss) profit on disposal of non-current (fixed) assets               (18 000)      17 000
working capital (excluding cash and bank)                               107 000     123 000

What is the cash flow from operating activities in the year ended 31 May, year 2?
A $909 000 B $941 000 C $943 000 D $975 000

^is from P33 June 2010 Qns 1
i chose B but it's wrong,how?

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