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This is the best Monday ever, I passed APM with 57% on second attempt and the first one was only 42%. For second attempt I have studied solely past exams, plenty of them so the topics and clues already started to repeat. And I watched time management at exam. Second attempt I had enough time allocated time for third question which I had not in first attempt and that earned me the increase in marks. This was my last exam. It took me 14 years to finish ACCA exams (with long pause between fundamentals and professional levels)
For the regulator I just tried to comment on the numbers stated. If they have more or less fines this year then previous year or what is the percentage of compliance compared to whole country. Hope to get at least a few marks.
I had version with Q1 TV company perf report, benchmarking and regulator, Q2 hairdresser balanced scorecard, IT and Q3 manufacturer cost gap, quality cost. This was my second attempt and I had better time management this time and managed to do all questions. Finger crossed for pass rate as this is my last exam.
@nathan488 said:
For everyone on the futures rate, we have a receipt of 12.3m CHF and the rate is 1.03 $ for 1 CHFTherefore regardless, you’ll want to eventually multiply by the 1.03’since dollars get you more than CHF
If I remember correctly in the exam the exchage rate1.034 was stated to be quoted USD/CHF. I was now googling how to read quotas. The currency to the left of the slash (USD) is referred to as the base currency, and the currency on the right (CH) is called the quote or counter currency. The base currency (in this case, the U.S. dollar) is always equal to one unit (in this case, US$1) It can be thought of as the amount of CHF (1.034) that you would need to sell if you wanted to buy US$1. So you need to divide the amount in CHF with the rate given to get amount in USD and it will be less than 12.3M.
I took it as mathematically 1usd/1chf=1.034 from which 1usd=1.034chf….which means dollar is “stronger” currency as chf.
12.3M CHF divided by the rate 1.03 something …got less in USD than was the amount in CHF
I have put June Put options as well, 98 contracts.
Q3. How have you used the asset beta. What was the discount factor to use for calculations? This has confused me. In the question was mentioned that company has mixture of debt and equity, but no further info only that project is financed fully by debt.