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Why did yourl calculate WACC for Q4? Dont yourl have to discount using an all equiity Ke?
There is no point practicing all 11 papers on the ACCAs website because for starters their paper format is not the same as whats currently tested and the standards are REALLY outdated, which means you will be ultimately demotivating yourself.
The better approach would be to practice the recent papers based on the new paper structure and practice questions from your revision kit. An updated one that is.
Also for your original question, Section B is not always FS, can be consolidated as well.. I am thinking your slow timing could be because of practicing old past papers. Either way try attempting an entire paper and see if you can complete it in 3 hours this is what you should focus on and not a particular section, because taking 1.5 hours for Q3 is perfectly alright if you finish the earlier sections faster.
Hope it helps.
@farhantahir786 said:
Hopefully! I get what you mean – I try and balance them when at home for re-assurance, but otherwise it depends on what time I have (which, given this paper was a joke, was limited).Just make dua!
Insha Allah definitely. It was a real joke bro. Not even a single theory-based question for standards. The whole point of a F7 paper was lost.
@farhantahir786 said:
Haha you don’t get marks for balancing a balance sheet, so I don’t actually bother trying asit’s a waste of time. But I doubt it balanced to be honest as I didn’t do to good on the convertible loan part. Good to hear about the FC’s! 🙂True. But after doing so much, making it balance kinda gives an “I did it” feeling.. Nevertheless, paper was pretty hard, comments here are making me feel positive, so lets hope for the best 🙂
@farhantahir786 said:
Opening balance was $13,000 (initial CV was 24,000 but then there was $9,000 dep and further down the columns it said obligation of $13,000). I then added $5,000 to it (same reason as you). Gave a FC of $1,800 for leases, and there was $1,600 for loan interest (effective was similar to actual as per question). I could be wrong however.Did yours or anyone elses balance sheet balance? If so, what was the balancing figure? I had a difference of $9000. Did u take the 24-9 for the PPE calculation? The FCs agree with mine though. So thats a plus 🙂
I think the first mcq was after dep.. atleast thats what the kaplan study text says.
@acca145 said:
My answer to first mcqs was “C” 162,000. What about learning rate in q3?what was the question like?
@y0lk@ said:
Can anyone remember Q about labour efficiency planning and operating variances?
I think I messed up…I calculated production time for the 1000th unit and used it as revised time … it was 2.08 hrs
why did u take 1000 units when they were asking only for 460 units? Am i missing anything here?
I really hope that the we werent supposed to calculate profit for the entire life cycle of the product. This wasn’t life cycle costing, and i think its highly unlikely they would be testing two pretty important topics in a 7 mark question. I think the period here would be referring to the year.
Food for thought, if it was for 3 years as you said, would the demand be just 144500 units?
I maybe wrong too :/C was 165 something, D was 200 something
@jenny3549 said:
Can you remember what D was? I can’t remember what letter I put or the % but I do remember deducting depreciation.@leetaylor86 said:
I put Di read in the kaplan study text that the profit should be after depreciation :/
Pretty much same answers. Hoping for the best.. Anyone rememeber the answer for the 1st MCQ? ROI with depreciation thing?
Thank you sir. I had a feeling it was wrong, but was extra worried since nothing was mentioned in the errata.. Thanks again 🙂
Yes sir, my mistake there. I got it cleared from my lecturer though. Thanks for the response!
If its operating profit, interest is not accounted for and you dont have to deduct it. Only adjustment is in the TTP calculation. keep in mind, this is for non-trading related interest.
183000 is correct if they are asking the allowable cost. What does the question ask? Allowable cost or gain?
Company B is about to being developing a new product for launch in its existing market. They have forecast sales of 20,000 units and the marketing department suggest a selling price of $43/unit. The company seeks to make a mark-up of 40% product cost. It is estimated that the lifetime costs of the products will be as follows:
1. Design and development costs $43000
2. Manufacturing costs $15/unit
3. Plant decommissioning costs $30000The Company estimates that if it were to spend an additional $15000 on design, manufacturing costs/unit could be reduced.
What is the life cycle cost?
A. $24.87
B. $22
C $22.87
D. $24The answer is supposed to be A.
If you are referring to £1000 of the small pool WDA, you cannot claim that because that is supposed to be claimed on the amount before deducting WDA. In this case £5800, as a result, you cannot claim the small pool WDA, therefore the figure that goes as your capital allowances is £464
Sir, but it isnt there in the syllabus guide.