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working capital June 2013 Q3 a

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › working capital June 2013 Q3 a

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
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  • November 26, 2015 at 10:42 am #285425
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    In general, financing saving is the difference between current and revised receivable balance@interest rate, but this question is overdraft @interest rate . I just wonder the reason desperately.

    November 26, 2015 at 11:33 am #285439
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51551
    • ☆☆☆☆☆

    The reason it is usually just the change in receivables is because if only receivables get smaller than the overdraft will reduce by the same amount.

    Here it is not just receivables that are changing but inventories and payables as well.

    As a result the overdraft changes because of all of them and the interest is always on the change in the overdraft.

    November 26, 2015 at 12:13 pm #285447
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    Thanks, you helped me a lot. 🙂

    November 26, 2015 at 2:41 pm #285475
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51551
    • ☆☆☆☆☆

    You are welcome 🙂

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