• 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
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

Polytot(06/04 amended)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Polytot(06/04 amended)

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 28, 2018 at 7:06 pm #469878
    niki27
    Member
    • Topics: 82
    • Replies: 15
    • ☆☆

    Dear sir,
    I have a doubt from the June 2004 paper qn Polytot

    The qn asks to calculate forms of hedging available to the co and calculate revenue to the co as a result of each hedge.

    My qn is while calculating the futures, the Kaplan revsion kit has calculated futures hedges on only 60% of the expected receipt ie, $4124236

    Why is that so? Why not on 100%? I mean, it can be converted from pesos to pounds to dollars right?

    Appreciate if you can help me out

    Thanks.

    August 28, 2018 at 7:51 pm #469894
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54831
    • ☆☆☆☆☆

    Have you read the second paragraph of the question? 🙂

    August 28, 2018 at 9:26 pm #469917
    niki27
    Member
    • Topics: 82
    • Replies: 15
    • ☆☆

    Correct me if I get this wrong but if there is an unofficial market that is doing worse than the offical market we are not in a position to consider that in the hedge?

    This is confusing me.

    August 29, 2018 at 8:37 am #469952
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54831
    • ☆☆☆☆☆

    But the question says that they only have access to sufficient US$ to pay for 60%. So they cannot get any more at the official rate.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Polytot(06/04 amended)’ is closed to new replies.

Primary Sidebar

Kaplan ACCA Free Trial

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 Exams – Instant Poll

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

  • deepikasingh on ACCA BT Chapter 17 – The nature of communication – Questions
  • deepikasingh on ACCA BT Chapter 14 – How people learn – Questions
  • zurapirveli@gmail.com on Equity settled share based payments – goods – ACCA (SBR) lectures
  • Sid24012003 on Intangibles – Example 2 – ACCA Financial Reporting (FR)
  • Ken Garrett on CIMA BA1 Spearman’s rank correlation coefficient

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in