CIMAPRA17-BA1-1 Exam - Topic 1 Question 60 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 60
Topic #: 1

A business based in Country

A. agrees to buy a software package from a company based in Country O tor 20.000 Country O dollars 12 months time. At the time of the contract the exchange rate was 1 O dollar (0$) to 1.5 Country A pounds (A). When payment ism Rate is O$1 to A1 4.

What is the exchange rate gain (+) or loss (-) made by the Country A business?

Give your answer to a whole number.

A2000

B3000

C4000

D5000

Show Suggested Answer

Suggested Answer: A

by Lashawnda at Oct 28, 2022, 06:52 AM

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Leslie

4 months ago

I agree with 3000, seems right based on the rates!

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Hershel

4 months ago

Definitely a loss, but 4000 seems too high.

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Galen

4 months ago

Wait, so they lose money even though they agreed to pay?

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Paris

4 months ago

I think the loss is 3000 A.

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Frederick

4 months ago

The original cost in pounds was 30,000 A.

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Ailene

5 months ago

I feel like I might have confused the exchange rates during practice. Was it 20,000 or 12,000 that we were converting?

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Vincent

5 months ago

I think the gain or loss is based on the difference in how many pounds we need to pay now versus when we agreed to the contract.

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Na

5 months ago

If I recall correctly, the initial exchange rate was 1.5, and now it's 1.4. That suggests a loss, but I need to double-check my math.

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Gilma

5 months ago

I remember we practiced a similar question about currency exchange rates, but I'm not sure if I calculated the gain or loss correctly.

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Meaghan

5 months ago

I feel pretty confident about this one. Based on my understanding of FINRA's rules, a registered representative giving a free seminar to their church members would not be considered a public appearance. The other options all seem to fit the definition.

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Virgina

5 months ago

I'm pretty confident the answer is D. Requirement. The key requirement here is to create a unique planned purchase order for each new demand, and the Requirement coverage code is designed to do exactly that.

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Marge

5 months ago

Hmm, I'm a bit confused on the difference between these two. I know one is for calling other contracts, but I'm not sure which one is for libraries and which one preserves the storage.

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Mirta

5 months ago

Okay, I've got this. The county coroner's office would be the best source of information for investigating homicides and suicides. They have the expertise and access to the necessary medical and forensic data. I'm confident option A is the correct answer.

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