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Dear John,
first of all, thank you so much for your selfless motive effort towards running this module of education which really benefits to all those students, who either cant afford to take classroom classes or don’t have much time to attend on a timely basis. Hats off to you..
regards to practice Qtn 5, b
on policy 1 selling securities
isn’t it that optimal proceeds of sale should be; $32,733 instead of $25,000& income from portfolio on security sales should be;
$91964 ((32733+1500000)/2*0.12)Regards
G1This is actually a very very old exam question, which I am going to remove.
The answer is correct (and is the examiners own answer) but the reason you are getting different is that he has not actually used the correct figures in the formula.
He gives the formula in the question and specifically tells you in the question which numbers to use for i, P, and T. Strictly i should be 12% – 5%, but the question tells you to use i as 12%.(I am actually going to remove all of the practice questions – simply because it is more important to use past exam questions, which you can either download from the ACCA website or find in your Revision Kit.
Our free downloadable Study Guide lists all the best past exam questions to practice on for each topic.
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