CIMAPRA17-BA3-1 Exam - Topic 1 Question 14 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 14
Topic #: 1

AB commenced trading on 1 January 20XS. introducing $50,000 cash and $15,000 of assets to the business. The profit earned and retained in the business for the year ended 31 December 20X6 was $160,000. AB's closing capital at 31 December 20X5 was $190,000.

What is the value of AB's drawings for the year ending 31 December 20X5?

A$35,000

B$20,000

C$95,000

D$135,000

Show Suggested Answer

Suggested Answer: A

by Jennie at May 07, 2022, 04:36 AM

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Lezlie

4 months ago

Totally agree, it seems off!

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Merissa

4 months ago

Wait, how can drawings be that high?

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Emily

4 months ago

Closing capital was $190,000 at year-end.

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Geoffrey

4 months ago

Profit for the year was $160,000.

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Mitsue

5 months ago

AB started with $50,000 cash and $15,000 in assets.

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Kenia

5 months ago

Okay, let's think this through step-by-step. We have two SQL Server instances in different Azure regions, and we need to configure an availability group with a secondary replica on DBServer2. The key things to consider are the endpoint configuration and the availability mode.

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France

5 months ago

Okay, I think I've got this. The key is that the model law limits the rate spread, which is the difference between the highest and lowest rates. So if the lowest rate is $40, the maximum rate can only be a certain multiple of that. I'll work through the options carefully.

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Olen

5 months ago

Hmm, this is a tricky one. I'll need to think carefully about which book might deal with confidentiality.

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