How did everyone go?! Thoughts?

[soggie]

for the "Other Expenses" question

Sales were given as 320,000 or something (meh, lets just call it that)

GPR = Gross NP / 320,000 = 30% ---> go figure out Gross NP
NPR = NP / 320,000 = 10% ----> go figure out NP

NP - Gross NP = Other Expenses... right? D:

cant remember the figures exactly but that's what had to be done no?

there was a stock gain, a stock write down and a sales return from 1.1.1 that could have been used in that calculation

[MaddehZ]

wtf 2.1.3 only wants operating outflows? GG me, did whole of operating activities

[Anon123]

wtf 2.1.3 only wants operating outflows? GG me, did whole of operating activities

omg...same

gg my life

[Shiverz360noscopez]

for the "Other Expenses" question

Sales were given as 320,000 or something (meh, lets just call it that)

GPR = Gross NP / 320,000 = 30% ---> go figure out Gross NP
NPR = NP / 320,000 = 10% ----> go figure out NP

NP - Gross NP = Other Expenses... right? D:

cant remember the figures exactly but that's what had to be done no?

there was a stock gain, a stock write down and a sales return from 1.1.1 that could have been used in that calculation

Surely not... It was a change of question. Plus it was only one mark

[Saur11]

Did everyone fill there cash outflows, i was sitting there for like five minutes wondering if i had an alien

[kamb0z]

LOL, I was so relieved when it said that it was only operating outflows...
couldn't be fucked doing the whole cash flow

[jimbothebest]

Yeah thank god it was only a midget cash flow, if like passed years it was a whole page of cash flow and then a whole page of profit and loss I would have shat myself

[nacho]

this year was a bit of a spoon feed.. they gave us what a profit and loss statement looked like.. who does that :/

[abzzzz]

What happened to the 43mark stock card?

[fitzm11]

for the "Other Expenses" question

Sales were given as 320,000 or something (meh, lets just call it that)

GPR = Gross NP / 320,000 = 30% ---> go figure out Gross NP
NPR = NP / 320,000 = 10% ----> go figure out NP

NP - Gross NP = Other Expenses... right? D:

cant remember the figures exactly but that's what had to be done no?

well first it's a percentage so you had divide 30 by 100, and what if you had other revenue? it doesn't make sense to just subtract gross profit you had to work out COGS and total expenses and then subtract COGS to give you other expenses

[BoredSatan]

for the other expenses calculation..

did we have to remember to included the stock write down and stock gain from before.. cause thats A LONG WAY BACK..

cause i completely forgot and just did GP-NP... -1 mark?

[dylanb48]

did the whole operating cash flows shit was in such a rush. How much is that gonna cost me.... probably my 40

[abzzzz]

Oh my god. The more i think about it the more i realize how much i screwed it up. 80% were credit purchases and 20% were cash, i didn't add the cash purchases of stock in my cash flow! aarrghh

[nicceeeonee]

i am so happy accounting is over

[nicceeeonee]

for the other expenses calculation..

did we have to remember to included the stock write down and stock gain from before.. cause thats A LONG WAY BACK..

cause i completely forgot and just did GP-NP... -1 mark?

I didnt, and not many people did. That question was definitely not worth only 1 mark, shoulda been at least 2...