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I passed with 59%.
Guys, do lots of practice. I used “BPP learning practice and revision kit” and “Kaplan exam kit” together. There are a lot of practice with different difficulty levels. This is the only recommendation to pass FM.
Good luck to everyone!I passed on my 2nd attempt with 62%.
Guys, use the specific verbs only, such as: review, cast, perform, observe, agree, confirm. I think, the examiner add marks only if these verbs are in place.
Because in my 1st attempt I was prepared well enough, and my answers were better. But in the 2nd sit, I used only these verbs which I think helped me to pass.Guys how would you calculate sale price?
Year 1 the price is 14$ excluding inflation.
The inflation is: Year 2 – 5%, Year 3 – 4%, Year 4 – 0%.
I thin I made a mess here(.
What I’ve done was:
Price Year 1 – 14$
Year 2 – 14*(1,05)^2
Year 3 – 14*(1,04)^3
Year 4 – 14.If the further calculation is right (despite the first wrong figure) they will give you marks. For example, they give 6 marks for this question. You have wrong answer for EOQ, but during calculation of holding cost and ordering cost you have used the formulae right, so you get marks for this two.
For the 3rd project the initial cost was $5200, as far as I remember. The ROCE I had is 21,8%.
Cash flow 9000/4years minus tax 22% and minus amortisation which is 1100. Initial cost+residual value/2 (5200+800)/2.
Guys, how did you come up to 38,8%?