Perdisco HELP! (2 Viewers)

[Red_John]

Well probably just want more of a confirmation/correction to following statements regarding perdisco technology boutique assignment.

In income statement:

1) Revenue should be sales revenue - sales returns
2) Other income should be discount recevied + interest revenue
3) Distribution costs should be Advertising expenses + Wages Expenses (sales staff). Should it also include rent expense (showroom).
4) Administration expenses should be Elect+Water+Insurance+Ofiice Supplies+Salary expense(admin person)+dep'n store fittings+dep'n cash registers.
5) Finance costs should be interest expense+bank charges+Discount allowed+Bad debts expense.
6) Other expenses should be rent expense?

See info below:

Income Statement

Revenue
Cost of sales
GROSS PROFIT
Other Income
Distribution Costs
Administrative Expenses
Other Expenses
Finance Costs
Share of Profit/(loss) of associates
Profit before tax

Trial Balance

Sales revenue
Sales returns and allowances
Discount received
Interest recevied

Cost of sales
Advertising expense
rent expense
electricity expense
water expense
insurance expense
office supplies expense
salary expense
dep'n store fixtures
dep'n cash registers
interest expense
bank charges
discount allowed
bad debts expense

 

[Red_John]

Finished Perdisco now, 93%...least that'll make up for my poor mid semester result.

 

[overhead1]

Finished Perdisco now, 93%...least that'll make up for my poor mid semester result.

I don't think you understand. It will not make up for your crap midsem result. EVERYONE gets 90%+ for perdisco , there are numerous solution sets going around the net. It makes no difference to the final marks.

That said, Perdisco usually isn't worth that much (was worth 10% at UNSW). The real benifit you get from Perdisco is the extra practice and the extra marks you get in the finals.

LOL newb fucked up midsemester test. They are the easiest marks going sonny boy.