If you're talking about q25, then it's because she didn't calculate a separate cost of sales. closing inventory increases profit, so it is added to revenue, but deducted from the cost of sales. hope that helps!
We are given the mark up rate to be 25%. And sales = cost of goods sold + mark up * cost of goods sold = COGS + 0.25*COGS = COGS*(1+0.25) = COGS*1.25. So the sales will be 1.25 times the cost of goods sold since the goods are marked up by 25%. I hope this clarifies!
Alright, I'm gonna explain in terms of Profit, CP (cost price which will be equivalent to the cost of goods sold) and SP (the sales value). Remember the basic profit/loss rule, profit is always added to CP in order to obtain the SP. We're doing the same thing here. Profit will always be the mark-up percentage of the CP; hence, we're multiplying the 0.25 with COGS. So SP = CP + Profit, the same equation with the terms we're using would be Sales = COGS + 0.25*COGS = 1.25*COGS. Hope this helps!
Whenever we have mark-up: Selling price = Cost * (1 + Mark-up rate) In this case, we have a mark-up rate of 50%, so: Selling price = Cost * (1 + 50%) = Cost * 1.5 Hope this clears your doubt!
In the statement of financial position, the value of trade receivables is included as: Initial trade receivables - Bad debts - Provision for doubtful debts Hope this clears your doubt!
Hey, there is still time left for paper 1 so I was thinking of completing paper 2 and 3 first and then move towards paper 1. I'll do it before the exams.
Don't feel discouraged because of your performance on paper 2. Do your best on tomorrow's exam. I would suggest to revise all the topics (briefly) and get the concepts cleared. Also skip the questions that feel confusing at first glance, you do not want to miss easier ones doing so. Solve those questions that you feel confident about and then come back to solving the remaining questions. Best of luck!
Thank you soooo much for clearing up those last minute confusions with MCQ questions. Good luck to everyone sitting for the paper today ❤
Happy to help!
thank you prashna!
hope everybodys paper goes well tomorrow😀
love from pakistan ❤️
Hello what a great video, but I was wondering why you added the amount of closing inventory instead of deducting it? Thank you!
If you're talking about q25, then it's because she didn't calculate a separate cost of sales. closing inventory increases profit, so it is added to revenue, but deducted from the cost of sales. hope that helps!
Thank you for such good explanations ❤you're doing a great job!
You're very welcome!
Great help....thank you
You're welcome!
25:48 how did u figure out that the goods marked up are 1.25 times the sales?
We are given the mark up rate to be 25%. And sales = cost of goods sold + mark up * cost of goods sold = COGS + 0.25*COGS = COGS*(1+0.25) = COGS*1.25. So the sales will be 1.25 times the cost of goods sold since the goods are marked up by 25%. I hope this clarifies!
@@studywithprashna does the star signify the multiplication sign?
@@studywithprashna can u elaborate in simple terms im trying to understand but rn im cramming ahahah
Yes, the star sign signifies multiplication sign.
Alright, I'm gonna explain in terms of Profit, CP (cost price which will be equivalent to the cost of goods sold) and SP (the sales value). Remember the basic profit/loss rule, profit is always added to CP in order to obtain the SP. We're doing the same thing here. Profit will always be the mark-up percentage of the CP; hence, we're multiplying the 0.25 with COGS. So SP = CP + Profit, the same equation with the terms we're using would be Sales = COGS + 0.25*COGS = 1.25*COGS. Hope this helps!
in question number 24 where did 1.50 come from
pls reply soon
Whenever we have mark-up:
Selling price = Cost * (1 + Mark-up rate)
In this case, we have a mark-up rate of 50%, so:
Selling price = Cost * (1 + 50%) = Cost * 1.5
Hope this clears your doubt!
@@studywithprashna yes it did thank you !
Underated channel.. Hopefully you will thrive one day...
Thank you!
18:06 wait why do we duct the provision for depreciation with trade receivables
In the statement of financial position, the value of trade receivables is included as:
Initial trade receivables - Bad debts - Provision for doubtful debts
Hope this clears your doubt!
Hi
Please do paper 2's
Hi, I've been stuck on the mathematics paper forever, as soon as I complete that I'll work towards paper 2.
very helpful thnxx a lot
You're welcome!
Thank you sm!!
Welcome!!
Thanks. The video wasreally helpful. Keep making more
Glad to hear it!
Thanks a lot 🙏
You're welcome!
Hello can you please do the mcq paper for june 2016 p11 and nov 2016 p11 please
Hey, there is still time left for paper 1 so I was thinking of completing paper 2 and 3 first and then move towards paper 1. I'll do it before the exams.
Im eternally grateful to you :>
Thank you!
I love you❤️🥺
Girlll girll✨
have some dignity man
@@saintbarnabasshackles2437 😭man I don't have faith in myself for tommorow's paper
@@abuzarghazan7870 same man. Fucked paper 2 because of time constraints
@@abuzarghazan7870 there's no hope
Don't feel discouraged because of your performance on paper 2. Do your best on tomorrow's exam. I would suggest to revise all the topics (briefly) and get the concepts cleared. Also skip the questions that feel confusing at first glance, you do not want to miss easier ones doing so. Solve those questions that you feel confident about and then come back to solving the remaining questions. Best of luck!