2005 CSSA Business Studies Trial (1 Viewer)

goan_crazy

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Good luck everyone sitting the CSSA trial this wed at 9am-12pm

Discuss it here afterwards

Lazarus said:
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laurel18

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I thought it was alright...Just the last bit of the finance question in the short answer section was a bit weird...but apart from that I thought it was ok
 

frootloop

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it was ok.

except i'm not so sure about that debt to equity ratio...i'm starting to think that i should have done the gearing ratio instead- slightly easier...what did you get for that ratio?
 

laurel18

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frootloop said:
it was ok.

except i'm not so sure about that debt to equity ratio...i'm starting to think that i should have done the gearing ratio instead- slightly easier...what did you get for that ratio?

Debt to equity ratio? where in the exam was that? I thought that question was about the Current ratio.

Nah debt to equity ratio is quite easy...Just think debt = liabilities and equity = owners equity...

So Debt to equity = Total liabilities : Owners Equity​

Basically the formula itself tells you what it is ^_^
 

laurel18

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Kabeio said:
Did you do owner's equity minus drawings???
No...I did current ratio...

Current ratio= current assets / current liabilities...

Just the net profit ratio...

NP = Net profit / sales x 100

i didn't know how to calculate the 'sales' from the balance sheet.
 

Kabeio

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wtf???

im talking about the gearing question, where in the cssa did we have to do a net proift ratio
 

frootloop

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Kabeio said:
Did you do owner's equity minus drawings???
yes i certainly did.

i ended up with 3.75 : 1

not sure if its right though
 

shortygb

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that was a ok exam exept when it got to that gearing question and the financial stuff. it was just as boring as a normal business period :D
 

laurel18

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maybe they replaced our question...because we didn't get that
 

Kabeio

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frootloop said:
yes i certainly did.

i ended up with 3.75 : 1

not sure if its right though
yeh m8, i got like 5.3:1 or something, i wasnt sure if it was right, cause it seemed very high
 

bootyfulz

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how do you work out the sales from the balance sheet? cuz i just left it out.. i was totally clueless..
 

frootloop

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bootyfulz said:
how do you work out the sales from the balance sheet? cuz i just left it out.. i was totally clueless..
uh...well u can't i don't think. in a blance sheet there are assets, liabilities and owners' equity...i don't think u can really work sales out from a blance sheet- you need a revenue statement or cashflow statement...
 

yoshimanu

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Kabeio said:
yeh m8, i got like 5.3:1 or something, i wasnt sure if it was right, cause it seemed very high
what is drawings anyways? i dont rmember coming across it at all 0.0
i got about 2.7 or something

getting it wrong you would only lose one mark eh? isnt it like maths that you get a mark for attempt?
 

Kabeio

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yoshimanu said:
what is drawings anyways? i dont rmember coming across it at all 0.0
i got about 2.7 or something

getting it wrong you would only lose one mark eh? isnt it like maths that you get a mark for attempt?
drawings is where the owners take out cash etc. for their own use i think. Thats why i did owners capital minus drawings, because the owner is taking out a certain amount from their capital contribution.

Yeh, might get 1 mark if ur wrong, depending on what ur tracher is like i guess
 

frootloop

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hYperTrOphY said:
Net profit ratio? I hope I didn't miss a question!?

I did the gearing/debt to equity ratio. I got 3.75:1. :)
Yay!!!

<virtual high fives hYperTrOphY>
 

2005 edition

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OK..can someone who is 'confident' in their ansa tell me what thay got? bcoz i got 2.5:1 and i awsnt too confident on that...
And what did you guys say for the strategies to improve gearing?...i had noe idea!!
I sed utilise JIT inventory control and cut down oon borrowings..
 

Kutay

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hmm i thought that test was sooooooooooo hard..... but didn't really get much time to study for it :( all i needed was a day heh oh well screwed that one up
 

~ ReNcH ~

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2005 edition said:
OK..can someone who is 'confident' in their ansa tell me what thay got? bcoz i got 2.5:1 and i awsnt too confident on that...
And what did you guys say for the strategies to improve gearing?...i had noe idea!!
I sed utilise JIT inventory control and cut down oon borrowings..
I'm quite confident that the answer was 3.75:1
If you use A=L+OE, you find that A=190 and L=150 --> OE=40
Therefore the ratio is 150/40 = 3.75:1
 

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