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    (Original post by Jabz257)
    What did you guys get for the rent part in the IS, because in the notes it said 12000 annual rent but on the draft I think it was 13200, I just assumed they received a prepayment of income of 1200, and under other incomes I just wrote rent is 13200, is that wrong?
    i just put £12000.
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    Can anyone remember thier depreciation figure for the question that wanted you to work out 25% depreciation?
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    Also what did you guys do for the net book value of the vehicle, I did 78000*25%=19500, 78000 - 19500 = 58500?
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    (Original post by Tom Richardson)
    For the profit I reduced it by £43700. £35000 for the wages then £4350 x 6 then depreciated it which equalled £8700 for the laptops because there were 6 staff which needed a laptop
    But £4350 was the total cost of all 6 laptops?
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    Was the GPM 45% and the NPM 10% or is that the other way round?
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    (Original post by Jabz257)
    Was the GPM 45% and the NPM 10% or is that the other way round?
    Yes it right.
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    could it have been 8 laptops? 6 for employee and 2 those two people
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    (Original post by kabiwam)
    could it have been 8 laptops? 6 for employee and 2 those two people
    The figure they gave was for the laptops in total
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    Isnt there 7employees since theres 6 staff then they employ another?
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    what did you get for the depreciation on the 25% reducing balance?
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    (Original post by Brandon_RNS)
    Ahhhh haha, put my mind at ease.

    What did you get in Unit 1 so i can trust you



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    Hang on, was this your net profit before tax? I got a C in unit 1 "/
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    (Original post by katiemurrall)
    Nope after you take expenses from gross profit, you get profit from operations, and then you take directors remuneration away from that to give profit before tax
    katie you're wrong you take away directors remuneration as part of expenses as it basically means directors salary, you take away debenture interest from profit from operations to give you profit before tax
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    (Original post by akatasuki)
    katie you're wrong you take away directors remuneration as part of expenses as it basically means directors salary, you take away debenture interest from profit from operations to give you profit before tax
    Thats what I did too! what did you do for rent receivable?
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    How the hell were you meant to calculate the profit and the bank balance in Q3? I ended up just writing and explaining the calculation, without actually giving one. Writing up the advantages and disadvantages was alright though.

    The rest I found okay. Hope you all did well too.

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    can some 1 tell me why debenture interest was 36000 i put 72000
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    (Original post by Economist21)
    Hang on, was this your net profit before tax? I got a C in unit 1 "/
    Ahh i dont remember but tax was 38000 right?


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    (Original post by kabiwam)
    can some 1 tell me why debenture interest was 36000 i put 72000
    It definitely is £72000, checked with my teacher and a debenture is a yearly cost, which cannot be split between months


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    (Original post by kabiwam)
    can some 1 tell me why debenture interest was 36000 i put 72000
    you had to do 1200000*6%=72000 but then coz it wasnt from october 2012 to october 2013 but instead half way through the year you were ment to divide the amount by 2 which then equaled 36000
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    (Original post by tom_elsey)
    It definitely is £72000, checked with my teacher and a debenture is a yearly cost, which cannot be split between months


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    Your right you cannot split it between months


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    was Q3A ment to be a written question or were we ment to actually calculate something?
 
 
 
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