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Reem10

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  • November 22, 2023 at 5:19 pm #695267
    mysteryReem10
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    This is what I did for Q1- OPTION A

    -10% rise in salary of post-restructure staff (Head of accounting (unchanged salary) + 2 Fully Qualified (FQ) Accountants + 3 Part Qualified (PQ) Accountants + 4 Accounting Technicians)
    -H.A salary is unchanged 70k
    -2FQ+3PQ+4AT salaries is (90+90+80) with 10% increase equals a total of 286
    -Additional 25% increase becomes 357.5
    -Finance cost is 100
    -Total is 70+357.5+100= 528 rounded and it is wrong
    Can You tell me where is my mistake?

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