• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Kenduri Co (6/13)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Kenduri Co (6/13)

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 11, 2016 at 5:52 pm #314628
    Dinh
    Participant
    • Topics: 18
    • Replies: 15
    • ☆

    Dear Sir,

    In the question Kenduri Co, part a, at the exercise price $1.62/£. we need to hedge 23.7 contracts then it’s round to 23 contracts.

    Question: if the decimal is more than 0.5, i usually round up 1 more contract. In above question, i round to 24 contracts so my result is different from the solution in the book. Why did they round to 23 contracts in this case ? any rule for this?

    Thanks,
    DT

    May 12, 2016 at 6:03 am #314684
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54671
    • ☆☆☆☆☆

    It doesn’t matter and it would not lose any marks – even though the answer will be a little different.
    I would always round to the nearest contract.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • huunghia18499 on Foreign currency- Functional currency – ACCA (SBR) lectures
  • DuDE on Inventory Control (part 1) The EOQ Formula – ACCA Management Accounting (MA)
  • Nabiha on FA Chapter 2 Questions The Statement of Financial Position and Statement of Profit or Loss
  • John Moffat on The Statement of Financial Position – ACCA Financial Accounting (FA) lectures
  • Bainamura on The Statement of Financial Position – ACCA Financial Accounting (FA) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in