Set A (Qns 6) Answer---->Not confirm correct,:D

i)Gross Profit Margin = GP/Sales * 100
= 720/2880 * 100
= 25% (Cafe A)

864/4320 * 100
= 20% (Cafe B)

ii)Net Profit Margin = Net Profit Before Tax/Sales * 100
= 360/2880 * 100
= 12.5% (Cafe A)

540/4320 * 100
= 12.5% (Cafe B)

iii)Expenses as percentage of Sales = 360/2880 * 100
= 12.5% (Cafe A)

324/4320 * 100
= 7.5% (Cafe B)

iv)Current Ratio = Current Assets/Current Liabilities
= 1836/180
= 10.2 : 1 (Cafe A)

1692/468
= 3.6 : 1 (Cafe B)

v)Quick Ratio = (Current Assets - Stock - Prepayment)/Current Liabilities
= ( 1836 - 540 - 0)/180
= 7.2 : 1 (Cafe A)

(1692 - 630 - 0)/468
= 2.2 : 1 (Cafe B)

vi)Stock turnover = [(Opening Stock + Closing Stock)/2]/C.O.G.S * 365
= [(900 + 540)/2]/2160 * 365
= 121.6 Days (Cafe A)

[(810 + 630)/2]/3456 * 365
= 76 Days (Cafe B)

vii)Debtors Turnover = Avg Debtors/Net Credit Sales * 365
= 900/2880 * 365
= 114 Days (Cafe A)

720/4320 * 365
= 60.8 Days (Cafe B)

viii) Earning Per Share = Net Profit Before Tax/No. Of Ordinary Shares
= 360/1368
= $0.26 (Cafe A)

540/1296
= $0.41 (Cafe B)

Good luck to all~!

Set A (Qns 2) Answer

Well, it is not as difficult as i imagine, a careless mistake was the reason why i cant find the answer the whole day, anyway, here it is.... And Freaking hell,i just couldnt align properly!!!!!!

Trading, Profit & Loss for the year ended 31 December 2008
($) ($)
Sales 139530
-Return Inwards (780)
----------------------------
138750
Less C.O.G.S
--------------
Opening Stock 18300
+Purchases 78405
-Return Outwards (900)
+Carriage Inwards 2000
-Closing Stock (20080) (77725)
------------------------------
Gross Profit 61025
Less Expenses
---------------
Discount Allowed 950
Bad Debts 450
Salaries 17980
Utilities 9577
Loan Interest 1000
Provision for Doubtful Debts 140
Insurance Premium 1300
Motor Car Expenses 2545
Admin Expenses 5210
Depreciation on Office Equipment 3512
Depreciation on Motor Car 550 (43214)
-------------------------------
Net Profit 17811
-------------------------------

Balance Sheet as at 31 December 2008
NCA Cost Acc Depreciation NBV
----- ------ ------------------ -------
Motor Car 12500 7550 4950
Freehold Premises 101698 Nil 101698
Office Equipment 35120 17012 18108
-----------
124756
CA
-----
Debtors 20000
-Provision for Bad Debts (1000)
Prepaid Utilities 45
Stock 20080
Cash at Bank 5000 44125
-------------------------------------
Total Assets 168881

Capital 120000
+Net Profit 17811 137811
-----------------------------------
137811
CL
----
Creditors 21500
Bank Loan 9000
Accured Salaries 570 31070
-----------------------------------
Total Liabilites 168881
-----------------------------------

Good Luck to all~!

Glasses dropped to floor~

In a super boring OB class, don't know lecturer talking about what -_-lll we planning to 'ponteng' class when half time tea break, who know Yvonne said no to us!! and insist to finish the class... walao eh!!! Totally out of our imaging, expectation, and logic to the stupid Yvonne!! We guys CAN'T BELIEVE that what we have seen and heard!!
Finally our glasses dropped!!


yee.... where is our glasses?

Revived............

Hey Guys...
Ok Ha-haaaaaa "fate smile",
Since I don't have the choice to choose
I just follow what u guy's said lo :(
Update the post..aikz!!!!

1. Yvonne 21st Birthday Celebration








2. JianDa Birthday Celebration







3. Good News & Bad News

Good News - OFFICIALLY WELCOME OUR 2 NEW FRIENDS BRIAN & QI WEN WHO RECENTLY JUST JOIN OUR MDIS CRAZY BUNCH GROUP HAHA XP

Bad News - This semester we have chosen Organizational Behavioral and Business Accounting and Finance as our study subject!!! OB class is damn boring and sucks whereas Accounting and Finance is very STRESSFUl!!!

OKOKOKOK...
That's all for this time,

LoVe,
Jasmine