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Question Pangli Co mar/Jun 17

Forums › ACCA Forums › ACCA FM Financial Management Forums › Question Pangli Co mar/Jun 17

  • This topic has 2 replies, 2 voices, and was last updated 4 years ago by afraansar.
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  • August 31, 2020 at 5:21 pm #582896
    afraansar
    Participant
    • Topics: 11
    • Replies: 7
    • ☆

    I am unsure why cost of sales is calculated as 3500000 x (1 – 0.4) = $2100000 for working out the cash operated cycle.

    August 31, 2020 at 7:11 pm #582905
    robynemilie
    Member
    • Topics: 2
    • Replies: 16
    • ☆

    Hi afraansar, I attempted this question a month or so ago, I’m taking the FM exam next Friday. this is how I did it. I hope it helps.

    Revenue for 20X6 is $3.5m (given in question).

    Gross profit margin is 40% (also given in question).

    Gross profit is therefore 40% of revenue, giving $1.4m as gross profit. (gross profit / 2,100,000 = 40% then I rearranged formula)

    Therefore cost of sales is $2.1m (the difference between the two).

    September 1, 2020 at 10:02 am #582980
    afraansar
    Participant
    • Topics: 11
    • Replies: 7
    • ☆

    oh I see! Thank you so much! Makes sense now! I will be attempting the exam next friday too! Good luck!

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