Economics, Accounting & Business: Post your doubts here!

[Saad Ghori]

Detail: It was treated as a reserve earlier, not anymore, Its placed in the Intangible Fixed Assets, even though it is negative.


me

Thought so. Cos according to IAS 38 we show negative goodwill as a fixed asset too. Thanks

 

[Saad Ghori]

attempted nov09 economics
got 10 out of 30 !
Like A Boss
**** i need to study everything

I managed 20 in may 10. It feels so good

 

[redapple20]

me [/quote] Echelon94
U with the nazis ryt?

 

[Echelon94]

me Echelon94
U with the nazis ryt?

yeahp...& if it wasn't for any other reason, it would just have been that he is in Portugal so I'll support the other side

 

[redapple20]

yeahp...& if it wasn't for any other reason, it would just have been that he is in Portugal so I'll support the other side

"M A I L AAAAAA!"

 

[redapple20]

OMG OMG OMG GERMANY SCORED! WHOO HOOOOOOOOOOO!

 

[Echelon94]

Thought so. Cos according to IAS 38 we show negative goodwill as a fixed asset too. Thanks

yeah man but still the confusing part is that the treatment was changed way back in 1997 when FRS 10 was issued, why would they still treat it the old way in 2009. I dunno if the examiners correct such type of errors in the marking schemes THEY have before checking our papers...otherwise that would suck

 

[Saad Ghori]

yeah man but still the confusing part is that the treatment was changed way back in 1997 when FRS 10 was issued, why would they still treat it the old way in 2009. I dunno if the examiners correct such type of errors in the marking schemes THEY have before checking our papers...otherwise that would suck

Its funny how cambridge can manage worldwide examinations, but can't make papers that follow the syllabus, or correct mark schemes. I hope they do correct these errors otherwise it would be just sooo unfair

 

[redapple20]

Its funny how cambridge can manage worldwide examinations, but can't make papers that follow the syllabus, or correct mark schemes. I hope they do correct these errors otherwise it would be just sooo unfair

tumhare pas business hai?

 

[WaleedUQ]

these Cambridge people are a sack of manure !

 

[Saiyan]

Hey guys, I have quite a few doubts in October/November economics paper 3, and they're probably gonna make me seem really stupid, but I'd really appreciate it if anyone could help me out with the following questions: 4, 9, 12, 14, 19, 20, 21, 25 and 28.
Thank you!

Which year? Mention the variant.

 

[wajiman]

Which year? Mention the variant.

Aha, indeed I did. Sorry about that. O/N 2002:
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w02_qp_3.pdf

 

[mimiswift]

i have accounting P3 doubts
P33-M/J 2011- qns 11- i don't understand why is it B? i chose A?
14-i understand how we got C....but what about the average stock.....how did we get it coz we have no opening stock! just closing stock!
18-how does cost per unit decrease here!?
P32-M/j 2010-qns 28- i used the formula here......but i got D....the MS says C!

ARR=(64-14-35)/((160-20)/2) x 100=21.43%
however this answer according to mark scheme is wrong
P33-M/j 2010-qns 1,11,26,29

PLS HELP ME OUT SOMEONE!

 

[MnMz]

i have accounting P3 doubts
P33-M/J 2011- qns 11- i don't understand why is it B? i chose A?
14-i understand how we got C....but what about the average stock.....how did we get it coz we have no opening stock! just closing stock!
18-how does cost per unit decrease here!?
P32-M/j 2010-qns 28- i used the formula here......but i got D....the MS says C!

ARR=(64-14-35)/((160-20)/2) x 100=21.43%
however this answer according to mark scheme is wrong
P33-M/j 2010-qns 1,11,26,29

PLS HELP ME OUT SOMEONE!

For you ARR question .... the formula for average investment .... is (initial investment + residual value)/2

 

[MnMz]

i have accounting P3 doubts
P33-M/J 2011- qns 11- i don't understand why is it B? i chose A?
14-i understand how we got C....but what about the average stock.....how did we get it coz we have no opening stock! just closing stock!
18-how does cost per unit decrease here!?
P32-M/j 2010-qns 28- i used the formula here......but i got D....the MS says C!

ARR=(64-14-35)/((160-20)/2) x 100=21.43%
however this answer according to mark scheme is wrong
P33-M/j 2010-qns 1,11,26,29

PLS HELP ME OUT SOMEONE!

For your P33M/J/ 2011 -
q11 - he is asking for the figure that would be shown as dividends ( 100000 proposed last year...bt is paid this year...and 50000 is paid during the yr...interim) ( you don't take into account 120000 because its proposed for the next year.... they are asking for the figure fr dividends to be shown in the note to accounts) (i.e. total payments of dividends )

M/J 2010 P33
1 - 880 + 62 - 17 -16 = 909 (A)
11- For this they mean ROE (return on equity) when they say return on shares..... so use the formula -- Return on equity = Net Income/shareholders equity....so 25% = 20000/x ..... x=80000 the current value

that's what i solved so far...we'll get back to you when i solve the rest =)

 

[mimiswift]

For your P33M/J/ 2011 -
q11 - he is asking for the figure that would be shown as dividends ( 100000 proposed last year...bt is paid this year...and 50000 is paid during the yr...interim) ( you don't take into account 120000 because its proposed for the next year.... they are asking for the figure fr dividends to be shown in the note to accounts) (i.e. total payments of dividends )

M/J 2010 P33
1 - 880 + 62 - 17 -16 = 909 (A)
11- For this they mean ROE (return on equity) when they say return on shares..... so use the formula -- Return on equity = Net Income/shareholders equity....so 25% = 20000/x ..... x=80000 the current value

that's what i solved so far...we'll get back to you when i solve the rest =)

Arigato(Thanks)
._.
Thanks for ur help!

 

[mimiswift]

For you ARR question .... the formula for average investment .... is (initial investment + residual value)/2

Aren't we supposed to deduct residual value from Investment!
That's how it always is!
adding it just doesn't make sense to me!

 

[wajiman]

Aren't we supposed to deduct residual value from Investment!
That's how it always is!
adding it just doesn't make sense to me!

before we used to subtract it but now we add it.

 

[Echelon94]

Aren't we supposed to deduct residual value from Investment!
That's how it always is!
adding it just doesn't make sense to me!

the value at the beginning is the initial value. the value at the end is called the scrap value. for average investment, they take the average of the initial & final value, how does that not make sense?
J11(33)/11, yeah a teacher I talked to also said that it should be A & not B

 

[Echelon94]

i have accounting P3 doubts
P33-M/J 2011
14-i understand how we got C....but what about the average stock.....how did we get it coz we have no opening stock! just closing stock!
18-how does cost per unit decrease here!?
P33-M/j 2010-qns 1,11,26

14 no idea for 18, the cost will now be divided by more completed units, therefore the unit cost will be decreasing.
J10(33): for 1 its 880+62-17-(123-107), (17 is Profit on Disposal not loss )
for 11, theres no calculation just straightforward. 26, calculate the variance for both products: for P it'll be 2 x [3(1200) - 3500] = 200 fav & for Z it'll be 1.5 x [6(1200) - 7500] = 450 adv so Total would be 250 adv