Quarter to 28 February is for the months December 2005, January 2006 and February 2006. We’re multiplying $798 x 2/3 so that we get the expenses for 2 out of three months i.e. January 2006 and February 2006.
Have you looked at the answer (which appears after submitting your answers and then clicking on ‘review quiz’), and did you watch the free lecture first?
I’m also stuck with question 5 and 6. I had watched the lecture thoroughly but somehow it does not make sense to my head. It’d be really helpful if I can get an explanation verbally rather than just a calculation. Can you please help me sir?
For Question 4: why is prepayment 3/4 x 28,800 and Expense (3/4 x 25,920 + 1/4x 28,800) and not Prepayment (1/4 x 28,000)0 and Expense (1/4×25,920 +3/4 x 28,800)?
The payment of 28,800 is for the period 1 April 2008 to 31 March 2009.
The year end is 30 June 2008, and so the period from 1 April 2008 to 30 June 2008 (i.e. 1/4) is an expense of the year, and the period 1 July 2007 to 31 March 2009 (i.e. 9/23) is prepaid.
Can this perhaps be clarified and explained in more detail since I cannot understand the calculation presented. Here’s how I did my calculation: 9/12 x 25920 + 3/12 x 28800 = 26640. 1 July 2008 – 30 June 2008
On question 3, can you explain why 2/3 when multiplied by $798, please?
Quarter to 28 February is for the months December 2005, January 2006 and February 2006. We’re multiplying $798 x 2/3 so that we get the expenses for 2 out of three months i.e. January 2006 and February 2006.
where we could get the study book of this course?
please sent me an email on peyman.n1990@gmail.com
for Question 1 my calculator gives result =28880+(28880*0.02)+(21600/12*8)+9600 = 53457.6, whilst answer is 53376 somehow
It is 28,800 and not 28,880 in the first two terms of your expression.
im stuck on question 3 please help
Have you looked at the answer (which appears after submitting your answers and then clicking on ‘review quiz’), and did you watch the free lecture first?
I do not understand question 5 and 6. Can someone explain it please?
I’m also stuck with question 5 and 6. I had watched the lecture thoroughly but somehow it does not make sense to my head. It’d be really helpful if I can get an explanation verbally rather than just a calculation. Can you please help me sir?
For Question 4: why is prepayment 3/4 x 28,800 and Expense (3/4 x 25,920 + 1/4x 28,800) and not Prepayment (1/4 x 28,000)0 and Expense (1/4×25,920 +3/4 x 28,800)?
The payment of 28,800 is for the period 1 April 2008 to 31 March 2009.
The year end is 30 June 2008, and so the period from 1 April 2008 to 30 June 2008 (i.e. 1/4) is an expense of the year, and the period 1 July 2007 to 31 March 2009 (i.e. 9/23) is prepaid.
Thank you. I totally left out the year ended 30 June, 2008
Can this perhaps be clarified and explained in more detail since I cannot understand the calculation presented.
Here’s how I did my calculation:
9/12 x 25920 + 3/12 x 28800 = 26640.
1 July 2008 – 30 June 2008