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Indeed where ever I can sneak any marks from will do the job! Wish you best of luck for your result! ??
i’m also not sure…too much time pressure to think where this amount was derived. i just assume it was wrongly recorded and move on…lol…it is not like the examiner will penalise you for any miscalculated figure.
@flexi said:
If the company has 100% gearing,it means it has no capital and so the WACC was going to be the cost of debt adjusted for tax only?surely this is wrong.I used the 50:50 that they used in the calculation and stated my assumption.
Am I missing something..and practically speaking,is there a company that is 100% debt financed without its own capital?
I think 100% is not the portion of Debt in total capital. I find it like. e.g: if i have Debt -40, and Equity 40, then 40/40=1, and in percentage it will be 100%.Debt is equal to Equity. therefore, E/(D+E)= 40/(40+40)= 1/2
@wankhaidir said:
i’m also not sure…too much time pressure to think where this amount was derived. i just assume it was wrongly recorded and move on…lol…it is not like the examiner will penalise you for any miscalculated figure.At least, I hoped that I will get 1/2 mark for it))))
Do not go with practicality in p5 . It was clearly mentioned d/e was 100% . Which means that company was financed by 100% debt
@zohaib8100 said:
Do not go with practicality in p5 . It was clearly mentioned d/e was 100% . Which means that company was financed by 100% debtThen the whole question was wrong because we were calculating Eva and Eva is about increasing shareholder value…and the mission of the company was to increase shareholder value…so what shareholders are they talking about if as you say it was 100% debt financed?
if the company is financed 100% by debt, why they bother giving the cost of equity in the case? you need to look at the formula again..it is debt over equity. if equity is zero, how do you divide the debt say 10m/0….no percentage…if they get 100%, means that there is an equity value.
I am not sure I saw what I have assumed any way I have got Eva more then the calculated by junior .
What about the bsc seat accupancy I have got 540 more passenger in the peak time in region 1
And in transfer pricing concluded that company would have taken more loss as moving to full cost approach suggested by govt
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@suhaybbeig22 said:
Can anyone suggest what the hell were we suppose to do with the Porter’s 5 forces in Question 4 i think it was!One of the threats identified of new entrants in the market was social media marketing to lower prices?
HOW THE HELL ON EARTH WERE WE SUPPOSE TO SUGGEST A PERFORMANCE MANAGEMENT MEASURE FOR THAT, I AM STILL THINKING ABOUT IT AND CAN’T THINK STRAIGHT ON THIS LOL
I think it will be touch and go lol hopefully lol
This is so funny…we all seem to have the same problem. Lol
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No illusions… this paper always has pass rate less than 30%, now I understand why 🙂
Q2 was awful, none like this was in BPP revison kit…
Q4 was for those on drugs. Read requirements 5 times, did not understand what the hell should be written…
Q3 was more or less, but still you write smth and you understand that it is not what you should write about… I really liked Q1, even with total miss on EVA recalculations.It was a total disaster for me. I didn’t read the scenario for question 2 before deciding to attempt it with 30 mins remaining. I was left blank for a few minutes as I didn’t know where to start. I am praying for 50.
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@zohaib8100 said:
And in transfer pricing concluded that company would have taken more loss as moving to full cost approach suggested by govtExactly… there maybe some trick in terminology, like total cost is not same as full cost.
All through the paper I was making funny conclusions and therefore left the hall in good mood 🙂 will be happy to be back in March 🙂
Yes Jerma this was my first touch with P5. Now I remember the pass rates for P5 so definitely March awaiting.
I think question 2 was the worst and thank God I told my friend before entering the hall that no way was I going to attempt a question on transfer pricing and when I saw it I just didn’t bother reading it. Question 4 I couldn’t believe it was the same Porter’s 5 Forces I know…so terrible and I believe I wrote nothing sensible!!! surely this examiner has a way of making things difficult for others. Really??? the same Porter’s 5 Forces we all know!!!!
@wan : you are right…in the rush to write I interpreted wrong the percentage … It îs indeed 1:1 debt to equity , another mistake 🙁
i remember a question in bpp exam kit where the ratio of deb/equity was 30%. This question was asked on this forum not long ago as far as i remember. If it is 30% ,then ve +vd is 130 which means 100 for equity. If it is 100%, then it should have been 200% where 100% for equity. And btw a company financed 100% by debt is impossible lol.
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@taisha said:
No illusions… this paper always has pass rate less than 30%, now I understand why 🙂
Q2 was awful, none like this was in BPP revison kit…
Q4 was for those on drugs. Read requirements 5 times, did not understand what the hell should be written…
Q3 was more or less, but still you write smth and you understand that it is not what you should write about… I really liked Q1, even with total miss on EVA recalculations.@taisha hahahahaha I did attempt q4 and surely wish I was on drugs looooool
Lol!! Seems as though there were common areas which everyone tripped up on!
Glad we get results in 5ish weeks!
Onto Tax Tomorrow!!!!!!
Overall I thought Q1 was fair. Part (a) on EVA had some fairly standard adjustments and the 6 marker on CSFs and the weaknesses of the existing KPIs was fair too e.g. one weakness of the units per hour produced was that the product mix was different as they had some mass produced products and some specialised ones i.e. you’ll get different throughputs depending on the mix.
For Q2 I was hoping transfer pricing would come up where you had a typical scenario with spare capacity and the transfer price being the opportunity cost = VC + lost contribution … this one was in an international context which I didn’t really revise 😐 … even still I think I bagged most of the marks in part (a) assuming its 2 marks per explained point and some working marks in part (b). Part (c) was ok as well.
The balanced scorecard question had a lot of information to digest but overall I thought it was ok as well.
Oh well, crossing my fingers for a pass for P5 and P7 .. I’ll be done forever then!
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Oh, I thought this was my falt that I didn’t do well, as I had onlt practiced in revision mainly passed exam paper (this was my 2nd attempt), however as I read comments, I see that everyone has similar feelings from the exam. 🙁
I wrote a lot but not sure that this was fully relevant, correct or enough 🙁
But anyway, the hope dirs last. Wish I have scrapped to 50 marks.the wording of the question for q4 were really confusing. firsr they ask you how the 5 forces can be used to manage the forces. then they ask you to assess the difficulties im defining n measuring the forces. i mean, how the hell are we going to use the 5 forces to manage the existing forces. i have to read the question so many times but still unable to identify what is exactly the examiner want. is this an english paper or p5?…i’m wondering.
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