• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2026 exams.
Get your discount code >>

BPP Q33 Louieed (March/June 16)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › BPP Q33 Louieed (March/June 16)

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 11, 2018 at 8:13 pm #484528
    davidlemonhhl
    Member
    • Topics: 7
    • Replies: 12
    • ☆

    Hello sir,

    In the last few lines of the case the question said ‘…that the return on cash surpluses is 5% pre-tax’.

    What does it mean by ‘return on cash surpluses’?

    Thanks.

    November 11, 2018 at 8:40 pm #484533
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54821
    • ☆☆☆☆☆

    It means that they are earning interest of 5% on any cash balances (and if they use the cash then they will be losing interest of 5%).

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Kaplan CIMA Free Trial

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • MikeLittle on Sharia law – ACCA LW Global
  • AhmedRiflan on Sharia law – ACCA LW Global
  • mohamed0Ragab141 on Chapter 3 – Property Income and Investments – Individuals TX-UK FA2023
  • umrabano63075 on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • umrabano63075 on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in