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@AmaraFofanah said:
what about the ROCE calculation, I think I have 33% which is above the target roce of 30%I think you mean 13% was the target ROCE and I got for the Medium and High demand a higher ROCE, but for the Low demand, a lower value
@ raja
Hi,
the requirement was not to suggest alternative measures but to asses the use of expected ROCE as a tool for decision – making
It is on the acca website, it is that sample September/December 2015 questions. Acca announced they won’t publish the subjects for all 4 sessions, but they will make a mix of the subjects from March/June and September/December and only publish those. So you won’t find all the problems from Dec, but only 2.
@ruth12 said
NOPAT think was 479.2 adjustments added back marketing for the two years, and the 40 for operating leases, used actual tax paid, added back R&D 10 expensed in the current year, took off depreciation for the operating lease 28.8 (115/4)
Why would you depreciate operational leasing as ownership is transfered in the end to the leasee? The leaser should account for depreciation as far as I remember
@wan : you are right…in the rush to write I interpreted wrong the percentage … It îs indeed 1:1 debt to equity , another mistake 🙁
But didn’t it say debt/equity was 100%? Which means debt was double the value of equity? I recalculated wacc and obtained 8,5%. Eva was anyway higher than original, something around 250.
Overall, it was a disaster…seemed easy in the beginning, I chose q2 and 4 but it was a mistake…I didn’t have time to finish q2 and when I got to write to q4 I realised I had no clue as to what the examinator wanted from us. Q1 was ok, although it took me more than 90 mins to complete…
From what I read about the examinator and other students I am afraid to think what I might score. I am very dissapointed, you don’t even have time to think of what to write in your answer and add this to the fact that the requirements are so twisted…you’ll get a horrible exam. I think I can begin restudying in January 🙁