*** ACCA F9 September 2016 Exam was.. Instant Poll and comments ***

What did you answer for those MCQs on working capital having an effect on other areas of financial management and that MCQ on basis risk..

In Q #32, NPV Q, for working capital, did you guys just add the ‘extra’ needed?

@greghodgson400 said:
What did you answer for those MCQs on working capital having an effect on other areas of financial management and that MCQ on basis risk..

I answered “management relationship with a bank” because that’s not an aspect of financial management.

Does anyone remember the NPV answer? I got something around 11000

The MCQs were OK, except questions on the nominal interest rates and inflation rates.
Who said only options 1 and 2 were correct, for the four way equivalence question? Real interest rates should be the same – but im not positive!
The last second question on depreciation of euros caught me off guard too- higher inflation should lead to depreciation of domestic currency so option 1 may be out (since dollar has inflation rate), but I really wasn’t sure about option 2. 🙁 oh how much I hate the MCQs, one wrong move will cost you two marks 🙁

Hope the exam went well for everyone!!

For the written NPV question what year did every start the inflation from? T1?

And also what year did everyone start the tax payable and tax depreciation from? T2?

I got about 10k for the NPV. The MCQs were super tricky

@complicated said:
The MCQs were OK, except questions on the nominal interest rates and inflation rates.
Who said only options 1 and 2 were correct, for the four way equivalence question? Real interest rates should be the same – but im not positive!
The last second question on depreciation of euros caught me off guard too- higher inflation should lead to depreciation of domestic currency so option 1 may be out (since dollar has inflation rate), but I really wasn’t sure about option 2. 🙁 oh how much I hate the MCQs, one wrong move will cost you two marks 🙁

Hope the exam went well for everyone!!

I put option 3 for that one, al 3 were correct I think

@james1114563 said:
From T1 and tax was payable same year too. TAD too year 1

I remember the question stating that the tax liability is settled in the same year actually, i think at the time i panicked and interpreted that to mean that the tax is actually paid in the year it’s due 🙁

@accastudent1986 said:
I remember the question stating that the tax liability is settled in the same year actually, i think at the time i panicked and interpreted that to mean that the tax is actually paid in the year it’s due 🙁

Well I think so anyway, way I read it. I could be wrong

How did you calculate the savings from EOQ?

@james1114563 said:
Wouldn’t they need working capital to pay the dividend?
Thought it was an okay paper.

Anyone get a balancing charge of 250?

NPV and receivable were good.

20k+ saving on EOQ. 6250 taking the discount.

Mentioned how they could factor, offer discounts and employ better credit managers etc.

Inflated sales variable and fixed costs. Inflated working capital with the movement each and head and then put it back. Big positive NPV.

Currencies the rate strengthened on 15-20

@complicated said:
Which question was that on the balancing charge?

Shouldn’t the forward rate be 15.66 something? Dollar was the domestic currency. (If I’m on the same question)

Yeah it was like half as the rates for a year, 1.56 something I think yeah for the six month forward rate