The Examiner's Answers – F1 - Financial Operations Some of the answers that follow are fuller and more comprehensive than would be expected from a well-prepared candidate. They have been written in this way to aid teaching, study and revision for tutors and candidates alike.
SECTION A Answer to Question One 1.1
D
1.2
D
1.3
A
1.4 $000 600 5 605 363 968 (1,200) 9 223 55.75
Cost Additional costs Indexation (605x60%) Selling price Selling costs Taxable gain Tax @ 25% Answer = A
1.5
B
1.6
C
1.7
A
1.8
C
Financial Operations
1
November 2011