ACCA December Exams

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Q1 ii (Mackerel) December 2011

This topic has 2 replies, 2 voices, and was last updated 4 years ago by Candy.

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June 26, 2020 at 4:41 pm #574750
Candy
Member
- Topics: 135
- Replies: 79
Dear tutor,
I am struggling to reach the calculations in the answer book.
e.g.
Total profit Package 1 @ 500
Income 15000 + 19% VC less 15000 [FC] + 47972 [VC]
Income 15000 because states Govt will pay Fixed sum 7,500,000m
(7,500,000m/500 = 15000 p.u.)
I know I am missing something because the answer is 4,557,302
Can you please show me where I am going wrong.
Thank you in advance
June 26, 2020 at 9:37 pm #574762
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10544
There are full workings in Appendices 1 and 2 of the answer. Do they not explain where 4,557,302 comes from?
June 28, 2020 at 11:31 am #574859
Candy
Member
- Topics: 135
- Replies: 79
Dear tutor,
No they do not show the workings, this is often the case with many of the answers, I have tried to arrive the answer but have failed.
Looking at my calculation above, can you identify where I have gone wrong or what I have missed?
Thank you
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