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John Moffat, you are a legend. Thank you so much you wonderful man. I have passed! Well done to you others. Never give up. A bit of belief in yourself, this site and hard work will get you there 🙂
MCQ about poor working capital management. I chose the option a shortage of cash when sales are increasing. Other options were using short term finance, long term finance and I cant remember the other one …
I thought this was a much fairer paper than the September one though I didn’t have much time to revise. I used the reading time to work out answers to the MCQs. I remember thinking the first 4 seemed easy and overall were better than last time. Not a lot of calculations. I didn’t look at part B until we were allowed to start.
I went really badly over time with Q4 NPV which I started with. Tied myself in knots when this should have been straightforward. Don’t know if I wrote enough about rationing. Cant remember mark allocation.
Did Q5 next and couldn’t get brain to work out equity cost of capital. I did the redeemable loan notes and just filled in what I could for the weighted bit without the equity. I hope I get some marks.
Did the receivables question next but didn’t complete it. Some of my calculations may have scored marks. For part B I had answered and then read question again. Realised they were asking something else and tried to throw some stuff down.
Q on Foreign Exchange I messed up.
I did Q1 last and was really short of time. Couldn’t complete again.
🙁