Accounting AQA Unit 2 - 20th May 2016

Original post by qazxsw123

Wasnt it 600,000?
12,000,000 x 0.05

How many original shares were there? I thought there was 12,000,000 original shares and then a rights issue 1 for 2, so 6000000 new shares, 6,000,000*5%=300,000. Then add that to the share premium at the start I got 600,000 but not 600,000 premium from the issue

Reply 83

Porkieee.ee

I got 600,000 share premium, 3,000,000 ordinary shares and dividend of 2,040,000 and my overall equity was close to 14,500,000

Reply 84

qazxsw123

Original post by Nicole97

How many original shares were there? I thought there was 12,000,000 original shares and then a rights issue 1 for 2, so 6000000 new shares, 6,000,000*5%=300,000. Then add that to the share premium at the start I got 600,000 but not 600,000 premium from the issue

I thought it was 24,000,000 original shares so 12,000,000 new shares.

Reply 85

Nicole97

Original post by qazxsw123

I thought it was 24,000,000 original shares so 12,000,000 new shares.

Maybe I'm remembering this wrong haha

Reply 86

Air_Chandler

Original post by Porkieee.ee

I got 600,000 share premium, 3,000,000 ordinary shares and dividend of 2,040,000 and my overall equity was close to 14,500,000

Same here.

Reply 87

Iscodisco

11

Yeah i got 14......... as well which is definitely correct as that questions was easy, and i others in my school got the same number. There were no tricks in that question just shares at 25p so x4, share premium was 0.05p i belive (30p rights issue). So just 24m (or something like that) x 1/2 = 12m. 12m x 0.25 = 3m (issue) 12m x 0.05 = 600000. Intermin dividend was for 24m shares and the final dividend was for 36m (12+24, i.e. All shares).

Reply 88

Original post by ismokeweed

I got somewhere round 23,000000 somthing like that which I'm sure is right if you correctly worked out dividends and share premium. for share premium i got i think 300,000

changes statement in equity is 14,130,000

Reply 89

Iscodisco

11

What did you guys put for the last question? I used up the entire space with three different points (best two will be used). I said soemhing about holding invenotry for a shorter period by using systems such as just in time stock control.

Reply 90

the exact number for changes statement in equity is £14,130,000, question 2 was sooooooo easy!!!!!

Reply 91

Original post by Iscodisco

What did you guys put for the last question? I used up the entire space with three different points (best two will be used). I said soemhing about holding invenotry for a shorter period by using systems such as just in time stock control.

I put giving discounts to customers to attract them to buy the products and discount the prices of the products to also attract them to buy the product

Reply 92

Iscodisco

11

Original post by alhrona

changes statement in equity is 14,130,000

Yes that was the exact figure i believe.

Reply 93

Accountingggo

Original post by ismokeweed

what did you guys think? easy or hard paper? I think the easiest part of the paper was the statement of changes in equity. Also for the last question, I wrote something about entering new markets to boost sales, but have to remain competitive ect, do you think that would be accepted for increasing stock turnover?
what did you guys get for the question which you have to tick the box, for damaged stock?

Damaged stock I believe was 1800 value (second box)

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Reply 94

Are you sure about the statement of changes in equity ...i got 14130000 but people we saying thar debenture interest should be subtracted????

Reply 95

What did u guy write about ratios?what percentage did u get.i got highly geared and talked about liquidity and profitability and i also mentioned the finance cost paid anually

Reply 96

Original post by Nicole97

Maybe I'm remembering this wrong haha

Thats 100% correct ,nearly everyone got yhat in my school

Reply 97

Original post by Sukhdeep007

What did u guy write about ratios?what percentage did u get.i got highly geared and talked about liquidity and profitability and i also mentioned the finance cost paid anually

ratio 66% , wrote what gearing is (the amount of the company which is made up of capital of bank loans) , wrote about highly gearing ( that they are taking risk and using the money to expand but downside about that intrest has to be paid compared to shares which do not need to paid back. , talked about low geared and that the best ratio is about 50&

Reply 98