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Working capital? I don’t remember seeing that in my NPV question. Hope it was a different question otherwise that’s a couple marks lost 🙁
I think we were provided with the pre tax cost of the loan. As that’s all they gave us, I used that (minus tax) to get to the discount rate I used for both calculations. This was a hard paper.
Passed on 58%, first attempt. Relieved I don’t have to re-write.
Thanks for all the excellent lectures! They were really helpful!It shouldn’t have been too bad. Always a few tricky questions, but if you read the examiners article, one of my questions came from it, exactly (hint! Always read the examiners articles)
Sec B scenario based question for concert tickets on CVP analysis threw me off and got so mixed up
Section C was writing only, minimal calculations, on incremental budgeting vs ZBB and balance scorecard. 15 mins to go and I realised I needed to explain why I chose the specific performance measures.
All in all, not as disastrous as expected, but will see what the results come back with.
