Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › June 2015 – Question 1
- This topic has 3 replies, 2 voices, and was last updated 5 years ago by
John Moffat.
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- January 24, 2020 at 7:03 pm #559834
Hi John,
For question 1, June 2015, how do you calculate the remit table CF?
Kind Regards
Jaime’
January 25, 2020 at 10:17 am #559856You will have to be more specific as to which figures you are not clear about.
The Yilandwe Rand cash flows are converted to $’s at the relevant exchange rates and then the extra earnings in $’s (the contribution on the goods sold and the royalties) are added on.
January 25, 2020 at 10:54 am #559858How do I calculate the amount (479290) for the line titled ‘Remittable flows’ in year 0. Similarly, how do I calculate the amount (16370) in year 1.
January 26, 2020 at 10:44 am #559910The time 0 flow in YR is 48,600 million,
This is converted at the exchange rate of 101.4, and therefore the remittance in $’s is
48,600M / 101.4 = $479,290 thousand.Similarly, 1966 million YR converted at an exchange rate of 120.1 gives 1966M / 120.1 = $16,370 thousand.
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