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Wow! Thanks a ton. That’s a really helpful recommendation.
I’m currently not planning to work in the UK so maybe I am more open to other variants. But after some other Internet searches, I also find that the ENG variant should be easier to absorb and I will go with this variant.Appreciatively.
Total NIC payable where there was b/f trading loss. Did you guys deduct the b/f trading loss?
Did anyone got IHT question where there were 4 gifts with 100k each. Was the NRB remaining 25k or 0?
I remember reading somewhere that those b/f overlap profits will not be examinable for this Dec sitting so really confused when seeing them. Anyways, I just simply deducted them from 9-month ended 31 Dec profit.
Sorry, I have made a mistake with IHT payable which should’ve been 150,000 + 400,000 – 150,000 – 325,000 = 75,000 x 40% = 30,000. The amount transferred to his wife is still 25,000
Please help me confirming this.
So for pension scheme, both rate bands are extended for higher-rate taxpayers whereas gift aid donation, the BRB is extended for higher-rate taxpayers and BRB and HRB for additional taxpayers?
But as she is a higher-rate taxpayer, her taxable income is below the HRB and increasing the HRB has little use, doesn’t it?
Please help me clarifying this.Sorry, I have made a mistake with taxable income. It should be £123,680 (£132,500-£8,820) and she’s still a higher-rate taxpayer.
Thank you, I am good with A now but for C, only 1 NED has financial expertise and so the audit commitee should be competent for the period when that NED is on. However, the answer was that the commitee will not be competent for the full two-year period.
Thanks for your response,
I mean material misstatements can be tested using other substantive procedures such as analytical procedures instead of tests of details. But here, statement 1 was that they must be subject to tests of details.
Could you please clarify this?The following information is available for Chad Co:
Current annual earnings $13,840,000
Forecast annual earnings $15,140,000
Listed companies similar to Chad Co have an earnings yield of 8.2%.Chad Co also has in issue loan notes with a nominal value of $100 each. Interest on the loan notes is 6% per year, payable annually. The loan notes will be redeemed in eight years’ time at a 5% premium to nominal value. The before-tax cost of debt of the company is 7% per year.
Chad Co has no other debt in issue.For option D, I think only EPS would increase with total earnings staying the same or even lower since the company would have to spend some on purchasing them back.
Oh sorry, I made a mistake between share price and market share. Thanks for your explanation!
But I have done another question (ques 8 BPP Revision Kit p.4):
Are the following true or false?
+ Maximizing market share is an example of a financial
objective
+ Shareholder wealth maximization is the primary financial
objective for a company listed on a stock exchange
+ Financial objectives should be quantitative so that their
achievement can be measuredThis time the answer said the first statement is false as maximising market share is not a financial objective. This has caused me some confusion against the previous question.
Congratulations everyone! I did it too. Thanks, OpenTuition!
This is my first attempt: 81%This question is from StaySharp (my online learning website)
The maximum operating cycle of 50 days is when inventory and payables are low while receivables is high, however, the question said inventory and payables are high while receivables is low, isn’t it?