sace test

 sace examination Essay

External Exam 2012

2012 ACCOUNTING

FOR OFFICE

JUST USE

SUPERVISOR

EXAMINE

ATTACH SACE REGISTRATION QUANTITY LABEL

TO THE BOX

RE-MARKED

Wednesday 7 November: 1 . 30 l. m.

Time: 2 hours

Web pages: 32

Concerns: 5

Assessment material: one 32-page question booklet

one SACE enrollment number ingredients label

Approved dictionaries and calculators may be used.

Guidance to Learners

1 .

You should have 10 minutes to see the paper. You must not create in your query booklet or perhaps use a calculator during this reading time however, you may make records on the writing paper provided.

2 .

This paper consists of five problem questions.

Answer all questions in the spaces presented in this issue booklet.

a few.

The total draw is one hundred twenty.

4.

The financial analysis ratios are recorded page 3, which you may remove from this guide before the examination begins.

a few.

Remove the tear-out information bedding on webpages 5, 13, and 28 from the guide, so that you can label them when you write your answers.

six.

Show most working in this booklet. (You are highly advised to never use scribbling paper. Operate that you consider incorrect should be crossed away with a sole line. )

7.

Use only black or blue writing instruments for all work other than calculations, for which you could use a sharp darker pencil.

8.

Attach your SACE registration number label to the field at the top of this page.

STUDENT'S ANNOUNCEMENT ON THE MAKE USE OF

CALCULATORS

By signing the examination attendance roll We declare that:

• my calculators have been completely cleared of most memory

• no exterior storage media are utilized on these types of calculators. I realize that if I do not conform to the above conditions for the use of calculators I will:

• be in break of the guidelines

• have my benefits for the examination terminated or changed • become liable to this kind of further fees, whether by simply exclusion via future assessments or otherwise, since the SACE Board of

South Down under determines.

2

You may take away this page from your booklet by tearing over the perforations, to be able to refer to that when you publish your answers.

FINANCIAL EXAMINATION RATIOS

Success (Return)

Stated as

For a lot of entities:

net profit

user's equity*

%

net profit  fascination expense

total assets*

%

net profit

net product sales

%

specific expenses

net sales

%

gross profit

net sales

%

net profit for ordinary shareholders

number of regular shares

$

earnings per ordinary discuss

market price per ordinary discuss

%

total ordinary gross

number of common shares

money

dividend per ordinary talk about

market price every ordinary reveal

%

current assets – inventory

current liabilities

percentage

Working capital

current assets

current liabilities

ratio

Debtors' proceeds

net credit sales

debtors*

times

Products on hand turnover

expense of goods offered

inventory*

times

Total debt/total assets

total liabilities

total assets

%

Debt/equity

total liabilities

customer's equity

%

net profit  fascination expense

curiosity expense

instances

Return in equity

Come back on total assets

Net profit margin

Expense

Low profit perimeter

For companies:

Earnings every ordinary talk about

Earnings deliver

Dividend per ordinary share

Dividend produce

Financial Balance (Risk)

Short-run (Liquidity)

Speedy asset (acid test)вЂ

Permanent (Solvency)

Instances interest gained

*Averages are used for these ideals. However , the of information may necessitate the use of starting or final values.

†It is suitable also to deduct bank overdrafts by current liabilities when determining this percentage, as shows up in some books and examine guides.

three or more

PLEASE TURN OVER

4

You may remove this site from the report by ripping along the perforations, so that you can consider the following data when you create your answers to Problem 1 .

PROBLEM 1

Leigh Kumar is the owner of the Daybreak to Dusk Deli. This individual has delivered the...

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