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Q1
A) inflate
B) dont inflate
Was this correct?
acca should publish the results on 8jan. -.-” so that student can prepare earlier for next paper. what paper are you taking @neilsolaris @clevergirl , im taking F7 and F9 this sitting, and planning on F8 and P2 for next sitting
I got:
a NPV of 3947.26 for Q1-a, NPV of 4029.63 for Q1-b(i made error here). Ke=12.66 Q2-a( i made a mistake here too),Kd=5.17, WACC 11.434, CAPM 8.21% equity finance only,7.98% taking the effect of debt. Q3-a. 5,454. b) 3987(i made a mistake here too i think it should be 4002). Excess discount benefit to using longer payment period 2,686. Q4. under purchase cost=778,525. under lease option cost=679,985.Thansk nizarsalleh. For the first three Islamic Finance I just remembers mur, mush, mud = trade credit, venture capital, equity, and sort of made up the rest of the words as best I could!
For working capital I did exactly what ruddy 1985 did, which was “multiply by 10% of revenue for yr1 and deduct incremental amount in yr2 and yr3 and recover w/capital in yr 4”
omg how do u manage to remember all the figures, ahahaha,
well, for the CAPM on new venture part, the 75% of quity and 25%debt. anyone calculate the asset beta like 75% divide the sum of 75% and 25%(1-0.3) . does taxation included when calculating using percentage.
nizarsalleh, I’m just planning to take P1 next time. Assuming I pass F9, I’ve finished the fundamental level. I just take one exam at a time, because I work in a completely different business sector, and ACCA for me is sort of like a hobby, and a safety net if I need to change careers!
What about yourself? Or did you say? I’ll scroll back in a second!
That’s what I did too nizarselleh, regarding the CAPM formula with percentages.
I think I may have misread the question, so I finished that part of the question after I had worked out the cost of equity using the ungeared CAPM. But we were supposed to calculate the new WACC were we?
I totally skipped Riba (I read all others except this one and it comes up 🙁 ) And I didn’t know how to do capm with equity beta so left that. Lost all together 9% 🙁 Oh well, I am hoping I pass though, I feel good 🙂
@Nizarsalleh, I did this with F5!!! Next I am going to do last F paper of Audit and move onto P papers. 🙂the requirement states that calculate the project-specific-cost, so i suppose we calculate the CAPM only.
ya i mentioned before. i see, well, it’s nice to have 2 qualifications 🙂 . i entered acca when i finished my high school, and my sister is an acca affiliate (not a member yet)
Lol i tried to ungear it but messed up the formula and B equity i ended up was 1.6, same as given in the question so i gladly used it 😀
@nizarsalleh What p level subjects you going to take if you clear both exams?
It must be useful having a sister whos an affiliate. I just have to rely on John (or whoever is the tutor here!).
damn Q4 a)i did something very stupid i found the leasing option and then added it to the original cost of the investment does that mean i will loose the whole 10marks?
@umerkhayam im taking F8 and P2. if i know F8 would be easy this semester, i would take F8.
@neilsolaris i seldom ask her question, as her major is in taxation, only in june 13 when i took F6. did you cleared f8? how did you study for it? any tips?@neilsolaris i hope so..
To be honest, I’m a very slow learner, but because I only do one paper per six months, it has plenty of time to sink in. I’ve no idea how you guys do 2, 3 or more papers per session, I could never cope with that.
As with all papers though, I went through the BPP practice and revision kit for F8 about 5 or 6 times, and the same kind of questions come up time and time again, and eventually I remember them.
By the way, audit was much more interesting than I imagined it would be!
@I’ve all others cleared so if i clear both 7 and 9 then i might go for 3 p level exams.
It was a good paper, I feel a I have a good chance to pass!
Question 4 was kind of weird though but I still managed to solve it in full. I think I have done well in general!
🙂 Done with all exams! FINALLY!
Also, amazing who Mr John’s tips were very accurate! Almost most of the topics he predicted came! Amazing that Mr John is! I am gonna miss his lectures until I reach P4 and P5 (hopefully next December)! I am talking as if I passed F9 already lol! :0)
Just to mention that I made a mistake by including the loan payments in the calculation for the buy option instead of including the cost of the machine which was $750,000 if I remember it correctly but yeah I included the maintenance costs and scrap value correctly. Will I get the marks for correctly inculding the maintenance costs and scrap value in the calculation or not?
can anyone tell me where should initial investment of 2000000 should be in yr0 or yr1??
@Mahoysam i thought i had done well but comments on this thread show different story 😛 Lol
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