Costs of financing receivables – CIMA F1 Financial Reporting

Comments

1. sjreddie76 says

   March 28, 2019 at 11:09 am

   In the video, example 4, annual effective cost for EFG the answer is worked out at 10.1% however in the answers at the back of the book it’s given as 12.8%…Can you clarify please?

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   • cshelton says

     April 7, 2019 at 11:29 am

     I have the same question. I tried working through example 5 like how we did in the lecture too and I am getting 12.74% whereas the answer says it is 18.8% ?

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2. rshallabi says

   July 25, 2017 at 5:41 pm

   is the answer to the last question 11.3%? is it correct that Dory is better offering the 1.5% discount as it’ll be cheaper than taking an overdraft?

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