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Chapter 17 practice questions

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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February 15, 2016 at 11:46 am #300559
bola
Member
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Please can someone help me out in Q2. I solved thus:
1.4mx8%x10/12=93,333
1m x8%x 6/12=40,000
Less
1m x 6% x 4/12
I know something must be wrong but I can’t indicate it exactly .
……thanks in advance
February 15, 2016 at 4:54 pm #300598
MikeLittle
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Try this:
$2.4m @ 8% x 10/12 160,000
$1.0m @ 6% x 4/12 ( 20,000)
Answer $140,000
And any problems, post them on Ask ACCA Tutor – that way I’ll be sure to see them
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