[bdhaif22]

@tyjac said:
The cash budget was a give away marks question. Was straight forward, but just got a bit tedious and time consuming just for 10 marks. I adopted a three column approach for jan, feb and March, with income and expenses for the rows. The opening cash balance was £1m, first two months was cash flow positive, but in March it was negative by approx £137k due to the dividends and the £400k quarterly interests payment on the loan notes. For the comments part, I suggested either to borrow a loan in March to cover for the cash deficit or delay or reduce the payment of dividends, baring in mind that there will be a signalling effect to the shareholders.

For me, I think this will be a hit or miss, can’t really tell how well I scored overall due to how they give the marks for the theory questions.

I thought so too, and i had the same comments. Hope i’ll pass

[bdhaif22]

this is my second attempt in FM and in both cases i got 49%.

This is also my first Exam as i got exempted from all the rest. It’s very confusing how this can happen although i have done much better than my first attempt.

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