Answer part a the last sentence from the point at which to director has forecast I don't understand
Ask the Tutor ACCA AFM
2015sep/dec question 4 part a
9y ago#1At the moment the cash flow receivable is 22.00M and the certificates are receiving 3.17M.
If the cash flows receivable falls below 22.00 - 3.17 = 18.83M then there is nothing left for the certificates to receive and as it gets lower the income to the C-rated loan notes will fall.
This topic is locked — no new replies.