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Professional Level – Options Module Paper P5

Professional Level Options ModuleTime allowedReading and planning:15 minutesWriting:3 hoursThis Paper is divided into two sections:Section A This ONE question is compulsory and MUST be attemptedSection B TWO questions ONLY to be attemptedPresent Value and Annuity Tables are on pages 12 and NOT open this Paper until instructed by the reading and planning time only the question Paper may be annotated. You must NOT write in your answer booklet untilinstructed by the question Paper must not be removed from the examination P5 Advanced PerformanceManagementThursday 4 June 2015 The Association of Chartered Certified AccountantsSection A This ONE question is compulsory and MUST be attempted1 Merkland Sportswear (MS) is the market leader in sportswear in Ceeland, selling a variety of sportswear productsunder its own well-known brand. It is primarily a product development and marketing business as it contracts out allof its manufacturing to third parties around the world and it mostly sells its products through third-party retailers.

Section A – This ONE question is compulsory and MUST be attempted 1 Merkland Sportswear (MS) is the market leader in sportswear in Ceeland, selling a variety of sportswear products under its own well-known brand. It is primarily a product development and marketing business as it contracts out all

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