Hope it's ok to ask this here....To support my course I am working through the Woods book 12. I have been working on the questions in section 1 and it asks you to fill in the gaps of the following. This is a question that has the answers in the back of the book so I am not giving anything away I hope. Asset Liability Capital a) 20000 3400 ??b) 23000 8800 ??c) 19200 ?? 3200d) 8100 ?? 6500e) ?? 7900 17300f) ?? 18500 51900so... I worked through them, moved my equation around so I could work out the others and got my answers. Checked my workings using the original equation, my answers were right.I checked the answers in the back and they say I got e and f wrong. I've checked my workings with 2 other people and they agree with me. I can't even see how they got that answer. I used Capital+Liabilities=AssetsWhat do I do? This is the first question in the book!!! There are going to be hundreds of students out there that are going to be confused by this!!!Edited at 27 Nov 2011 05:57 PM GMT
I get a) 16,600 b) 14,200c) 16,000d) 1,600e) 25,200f) 70,400What's the answers in the back of the book?I have edition 11 and that uses different figures.
How did you get your answer for f?The answers I calculated werea) 16600b) 14200c) 16000d) 1600e) 25200f) 53750But in the book they give the answers for e & f ase) 27100f) 70400You and I came to the same on e but differ on f.. which is very odd.Interestingly I have just found a typo in question 2.2 as well. It's not drastic as it is a supplier's name... but it IS still a typo.It also says this book was published in 2012!!!!!! How am I supposed to trust this book?? It's almost laughable!
Evurrsaid:
“How did you get your answer for f?The answers I calculated werea) 16600b) 14200c) 16000d) 1600e) 25200f) 53750But in the book they give the answers for e & f ase) 27100f) 70400You and I came to the same on e but differ on f.. which is very odd.Interestingly I have just found a typo in question 2.2 as well. It's not drastic as it is a supplier's name... but it IS still a typo.It also says this book was published in 2012!!!!!! How am I supposed to trust this book?? It's almost laughable!”
Peasiesaid:
For f) I have Assets = Liabilities + Capital18,500 + 51,900= 70,400Edited at 27 Nov 2011 07:03 PM GMT”
