On Line Study Group (2 Viewers)

[Modern Hot Chic]

Is anyone interested in forming an on line study group to help each other out with this subject? As you know, the HSC is looming, and I thought we could all help each other out.

 

[lilmzqt]

i am yet again up for ur idea! i def, need help in business so YES!!!

 

[Modern Hot Chic]

i'm just full of good ideas, aren't I? hehehehehe

OK, what do you need help with?

 

[lilmzqt]

heehee.....where do i start???? everything!! but my worst is all that financial crap!! i just cant get it!! all those damn ratios and everything......just too difficult for my tiny little brain...haha

 

[Modern Hot Chic]

OK Let's see...

*looks up book*

mmmmmmmmmhhhhhhh....OK:

Assets = Liabilities + Owner's Equity
Owner's Equity = Assets - Liabilities
Liabilities = Assts - Owner's Equity

Accounting Equation:

Assets = Liabilities + Capital + Revenue - Expenses

Current ratio (working capital)

Current ratio = Current assets
Current Liabilities

Debt to equity Ratio = Total liabilities
Owner's Equity

Gross Profit Ratio = Gross Profit
Sales

Net Profit Ratio = Net Profit
Sales

Return on owner’s equity = Net profit (after tax)
Owner’s Equity

Expense Ratio = Expenses
Sales

Accounts receivable turnover = Sales
Accounts receivable

 

[lilmzqt]

thanx! *tries memorising ratios*
oi do u hav any idea how all those table thingys work...like balance sheet, revenue statments etc...?? i got no idea

 

[Modern Hot Chic]

all i know is the balance sheet...kind of
post a Q

 

[a_person86]

Finance

The business course doesnt require you to know the extended version of the Accounting Equation "Assets = Liabilities + Owner's Equity + Expenses - Revenue"
You only need to know the short one "Assets = Liabilities + Owner's Equity"

Also i noticed that your ratio for "Return on Owner's Equity" had the "Net Profit after Tax". My resources dont mention this, so whats the go???

Anyway this topic is one of my strengths, i do accounting at TAFE so those accounting related questions arent realy a problem for me and those financial ratios are pretty straightforward.

 

[Modern Hot Chic]

that's what my sources tell me

 

[xotic_rose]

hehe... i m up for online study group too!!!

 

[tractor_chic]

can sombody please explain to me about comparing the industry averages to the business's ratios? sorry but its really confusing me

aarrgghh i hate business studies!!!!!!!!!

i hope that question makes sense sorry if it doesn't

 

[lilmzqt]

can sombody please explain to me about comparing the industry averages to the business's ratios?

i think its just looking at the industry averages and saying how much closer or further away from it the business being looked at is. i dunno if it makes sense. sorry if it dosnt

 

[SuGa BunI =D]

ummm just wondering: how long does the report had to be? or how long they're expecting?
cos im doing my global notes now. its already 11 pages.. + anther topic... so gonna die

 

[lilmzqt]

most pplz have told me that it has to be long enough to explain your answer properly. if you can do it two pages then two pages is enough. if you need 16 pages to explain yourself properly then do it in 16 pages...haha

 

[Modern Hot Chic]

what case study is everyone using? because I used Qantas for a school thing and i didn't do well enough to be able to use it agiain...i got some stuff on Cambells but it's so long and we haven't got much time.....

 

[lilmzqt]

im using Qantas - i've got most of my info on that as it is. how do we relate our case study to the question tho....i dunno how reeli.....

 

[Modern Hot Chic]

it depends on the question..(as always)

 

[mikeryan69]

qantas

i do qantas and yes it is quite simple if u get someone to explain it well. in terms of questions, one of the hsc questions will def be about a case study, learn it well, i have good notes in which is basically an essay plan for qantas if you need them.

 

[pirate]

let me just say, study groups, u are all nerds. every last one of you interested in study groups. NERDS NERDS NERDS NERDS NERDS. you should all be ashamed of yourself

 

[One Drone]

QANTAS - you can apply it to everything in business studies and it is an Australian Business. That and I love flying...

I'll be one of the nerdier persons in this group.