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how many marks do u think ill lose if i considered gross profit ratio as markup...in question 1....?? i did some rough workings for calculating other stuff on the blank page... any idea??What is that?
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how many marks do u think ill lose if i considered gross profit ratio as markup...in question 1....?? i did some rough workings for calculating other stuff on the blank page... any idea??What is that?
You'd lose all the marks available for that particular answer, but by ecf, the other marks would be givenhow many marks do u think ill lose if i considered gross profit ratio as markup...in question 1....?? i did some rough workings for calculating other stuff on the blank page... any idea??
the roce ratio was given and you calculated the operating profit in the first part.. right?? you sustitute in the roce formula to get the capital employed which includes the long term loan.yea even i thought so... i hope it is that way cuz every figure was related to the other... InshAllah wish to ace it.... but im still worried cuz q1 calculation part was 20 marks in total.... 12 for part a and 8 for part b.... btw how do u calculate the capital employed cuz under capital it only said loan... so i wrote capital employed as $1m... thats wrong?
And then we had to minus the loan right? If yes, how many marks will I lose if I added the loan?the roce ratio was given and you calculated the operating profit in the first part.. right?? you sustitute in the roce formula to get the capital employed which includes the long term loan.
AddAnd then we had to minus the loan right? If yes, how many marks will I lose if I added the loan?
thanks dudethe roce ratio was given and you calculated the operating profit in the first part.. right?? you sustitute in the roce formula to get the capital employed which includes the long term loan.
welcome.thanks dude
Wasn't the value of Capital 1000000 im Q1? because we simply had to add L.T.Liabilities in Capital which was 1000000..Was there anything else to add?
PLZZZ REPLY....
There was and trade payables had to be calculated by current ratioBUT Trade payables wasn't given right???
and there was no blank for C.Assets as far as i remember
I mean there was no blank fot trade payables in the Balance SheetThere was and trade payables had to be calculated by current ratio
I mean there was no blank fot trade payables in the Balance Sheet
Was there any??
Goodwill had to be written off in the second question although it wasn't mentioned. Yeah,in a past paper when the examiner didnt mention anything the marking scheme didnt write off the goodwill,but from now on we have to as only purchased goodwill can remain in the books of accounts and that's highly unlikely in this question.
The correct profit figure for q2 was 20,000 and hence the goodwill amount was 40,000.
q3 was fine.
q1 created a lot of confusions and uncertainties .. Was the long term liability being added or subtracted... From where it was placed,it looked like as it had to be added.
The Balancing capital figure were 2,800,000 and 800,000 right?Goodwill had to be written off in the second question although it wasn't mentioned. Yeah,in a past paper when the examiner didnt mention anything the marking scheme didnt write off the goodwill,but from now on we have to as only purchased goodwill can remain in the books of accounts and that's highly unlikely in this question.
The correct profit figure for q2 was 20,000 and hence the goodwill amount was 40,000.
q3 was fine.
q1 created a lot of confusions and uncertainties .. Was the long term liability being added or subtracted... From where it was placed,it looked like as it had to be added.
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