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I chose Managers as well for BF…. does it have something to do with Myopic management? This is the problem with ACCA they skirt around a lot of details in the technical articles but unless they directly use or quote the terminology used in the articles, it’s hard to know what exactly the question is referring to. It’s frustrating really.
i think for the factoring of receivables I went for :
Existing cost: 5m*4%=200k
Factor cost: Admin =10k
Adv 5m*80%*6% = 240k
Remain 1m*4%. = 40k= increase cost of 90,000 for using factor.
I know it’s not the usual way of calculating but it wasn’t asked the normal way. It’s so hard to think when you’re under pressure. When they didn’t state any days it threw me.
I went for conservative, i remember totting up assets and liabilities, they both came to 15m so I figured it’d be as good a guess as any.
Hi all,
I think I’ve just about recovered from that paper! ? It was a strange one. I feel like I really had to work hard for the 2 marks in some of the MCQ. I got A for no 1, being .60 but I’m not sure if that’s correct. I had to do the other question three times to check my rounding but felt confident with 11.2. I used the cost of the other loan for the variable bank loan, as I felt leaving out the 3m wouldn’t give a true weight of the cost of equity to debt…. but that’ll be a big assumption on my part.
All in all, I’m disappointed that I didn’t get asked the questions I wanted to answer! ? I worked hard to cover ALL of the syllabus but felt like it was concentrated on the same key areas, giving them twists to increase difficulty.
I learnt a lot from it though and I’ll be better prepared for the resit in December! ??
