Accounting Paper 42.

[asenfire]

n i had a problem with a year's cash flow n i detected this when 5 mins were left so i quickly corrected the npv, net profit of that yr in the Arr n the npv for Irr but didnt have the time to correct the formula n got the wrong percents...so do i lose all my marks in each question??? n u all chose sylvania or smething rite?

sylvania is my choice and i did round off, damn you 1000

 

[zara97]

sylvania is my choice and i did round off, damn you 1000

YESSSS!!! n did u get a decimal for another figure in the income statement, if ye, then did u round that too?

 

[asenfire]

YESSSS!!! n did u get a decimal for another figure in the income statement, if ye, then did u round that too?

in income statement i rounded

 

[zara97]

good...n what did u multiply that 8% in Q 1 with? to get dividends paid?

 

[SalmanPakRocks]

The depreciation would be 5060 something. This is because the loss was already recorded in the trial balance. Means the extra depreciation you people deducted was already present in the accumulated depreciation.

 

[asenfire]

good...n what did u multiply that 8% in Q 1 with? to get dividends paid?

with share value NOT profit for the year

 

[zara97]

The depreciation would be 5060 something. This is because the loss was already recorded in the trial balance. Means the extra depreciation you people deducted was already present in the accumulated depreciation.

i think u'r rite...so byebye A i guess....

 

[zara97]

with share value NOT profit for the year

I multiplied it with profit....byebye B i guess..

 

[asenfire]

The depreciation would be 5060 something. This is because the loss was already recorded in the trial balance. Means the extra depreciation you people deducted was already present in the accumulated depreciation.

i don't understand, i got 4060/4061 so here is this difference of 1000!!! can you show how?

 

[zara97]

The depreciation would be 5060 something. This is because the loss was already recorded in the trial balance. Means the extra depreciation you people deducted was already present in the accumulated depreciation.

wat did u multiply the 8% with?

 

[asenfire]

I multiplied it with profit....byebye B i guess..

Won't AS marks save you

 

[zara97]

how much can they do?

 

[asenfire]

how much can they do?

how much was the dividend yield and dividend cover question

 

[mrmt]

yeah it said no

Nope. Loss on disposal? The question clearly said that the asset would not be sold or scrapped. There was no scrap value.

'scrap value' but the depreciation charge accumulate was less than the cost, meaning that althought it was sold for nil, it haadd some bbok value which was loss on sale. so there

 

[zara97]

mine was wrong obviously since i got the wrong dividends, n they were of 4 marks each......forget it yaar, will have to get full in mcqs at any cost IA...

 

[zara97]

yeah it said no

'scrap value' but the depreciation charge accumulate was less than the cost, meaning that althought it was sold for nil, it haadd some bbok value which was loss on sale. so there

he thought we were talking about Q 3, we're talking about q 2

 

[3fatak]

Proceeds from sales wasn't given?

yes they were gievn
8150 or 8160 i think

 

[3fatak]

dividend yield was 4% and cover was 3 times
and the depreciation was 4060 for motor vehicles

 

[mrmt]

yea

he thought we were talking about Q 3, we're talking about q 2

yeaahh I waass talking about q3.. he thought right. and well yeah we're talking of a different thing not q2 here.

 

[razahayat777]

Nope There was a difference of $915o
What about yours?

I had a difference of 1000