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can someone explain to me the savings in interest part?? how did he calculate that??? credit sales are $2,500,000. so isnt receivables(current) supposed to be $2.5M????? how come it is $500,000
The credit sales are indeed $2.5M during the year.
But selling 2.5M during the year does not mean that 2.5M is owing to us at the end of the year – obviously most of the customers will have already paid !!!!!
On average, debtors are taking 2.4 months to pay. So at any time, we are owed 2.4 months worth of sales. The sales per month are 2.5M/12, so 2.4 months worth of sales is 2.4 x 2.5M/12 = 0.5M. On average therefore we would expect receivables to be 500,000 throughout the year.
i couldn’t follow 2/12 apportionment of 70% advances made by the factor…. Would u plz help me in that .. Thanks
The 2/12 is because the factor is taking 2 months to collect the debts, but is giving us 70% of the money immediately. So they are charging 2 months interest at 18% p.a.. The 2/12 is to calculate 2 months interest.
Hi, Is there any problem… I cannot any lectures. Please help!
Dear sir I just need advice from you as F9 contains 50% theory so if I attempt all theoratical questions first to save time because I do not need to think a lot about it and then calculation so I will have more time for numbers.Please suggest if this approach is good or not
@abujaan, I think it is a good idea to attempt the written parts first.
Leave the rest of the page in the answer booklet empty because often while you are doing the calculations, other points occur to you and you can always then add them to your answer.
Ah, scrap that! I have now found it. It has been a long weekend
I am not sure where to find the question which they are working on. It isnt in the December 2011 revision notes that I can see.
can i access these f9 videos after june? i realy need them for december exam.i have to sit in december exam…..
can you please let me know which question ur doing so i can see it too please
That question is in the revision notes. You can find the link on top of the video.
adm, video not working. after several trials.
@achiever06, video works fine, try another browser or try later,
reload the page, or try later, it seems like, the server is overloaded..
after few tries I hope it will work for you
video not working, adm any problem with it?
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