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Yes that what I remember, 2% discount days reduced to 32 and they charged .85% of revenue, however the second option was without recourse, which means no bad debt included. Charged 1.5% and days I think were down to 30 and also Revenue down by 5% because of aggressive nature of collection. There seems very little to do for 6 marks. So am assuming I missed something? Read it a number of times and just seemed too straight forward
Was it B and C mutually exclusive
Anyone get it C the NPV profit and had to add back depreciation, marketing and admin, very different
Other section C was factoring
Theory
Hard and Soft Capital rationing
Advantages and Disadvantage of factoringMental block with this exam failed twice 49% and 48% how do I get over the line
I have the same as most of you also, but think I also left out the Z in the allocation, it was a very tricky question, compared to normal NPV, overall I found it quite a difficult paper compared to previous and mock papers. Expecting a long NPV or WACC, felt little pieces of everything no real substance questions. Definitely a repeat for me unless the guesses at the awful A & B questions were on my side. LOL
This was also a repeat for me having failed on 48% in June, I thought this was an awful paper, section C no WACC at all in any section of the paper, you would at least have expected it to come up as a 10-mark question if it didn’t come up in section C. It nearly like they want you to have to repeat. Section A and B I agree with most that half of the questions didn’t even know what they were looking for. Spent more time trying to understand the question than answering. And although I did quite a bit on hedging the question asked was so confusing for 2 marks. I feel I have probably done worse in the one that the June one. Very disappointed overall. Not sure if I will repeat again. Thats how I feel today.
I also got 58 days in section B for days.
Section C WACC I had a very high % for COC and using IRR for COD was 2.3% very low and I used the bank interest less the tax.
Found Section A quite tricky and section B the foreign exchange question was really difficult
Found section A and B difficult, very hard to determine how you do in this section. Section C for me was 4 parts to Ratio question 3 ratios, take sub out, discuss and then a 3 marker on consolidation v single entity I think. Other part C was Adj profit for 5 marks, SOFP for 11 marks and an EPS with rights issues for 4 marks. Overall I though this was a tough paper. Not confident
