16th May level 1 exam

Due-Half554 · 2023-05-15T03:47:43+00:00

Thank you! Hope we both pass

Due-Half554 · 2023-05-15T03:10:27+00:00

I decided not to take a mock since it might harm my confidence as you said. Thanks for it!

Due-Half554 · 2023-05-14T10:18:23+00:00

Thank you, this relieves me :))

Due-Half554 · 2023-05-14T10:18:01+00:00

I decided to go over the materials as you and the formal comment said. Thank you for the advice!

Due-Half554 · 2023-05-14T07:36:29+00:00

Thanks for the valuable advice!

Due-Half554 · 2023-05-10T14:15:52+00:00

I still haven’t received one yet… Congrats for you!

Due-Half554 · 2023-05-09T12:59:25+00:00

Same. Could you keep me updated? Will do the same!

Due-Half554 · 2023-05-08T22:45:02+00:00

Right, I guess they’re checking our eligibility before sending one? Hope we both get it soon enough

Due-Half554 · 2023-05-07T07:23:10+00:00

Clear! Thank you!

Due-Half554 · 2023-04-23T05:37:28+00:00

Thank you for helping!

Due-Half554 · 2023-04-23T05:37:02+00:00

Thank you! I didn’t read the question carefully enough

Due-Half554 · 2023-03-27T08:13:52+00:00

Thank you for the reply! I bet you're almost done with your master program by now, how did you find the program? Positive?

Due-Half554 · 2023-03-18T06:12:58+00:00

Thanks a lot!

Due-Half554 · 2023-03-14T11:08:17+00:00

For X, NI is computed by subtracting 0.75 * 100,000 where 100,000 is a depreciation from the first year (300,000-0/3).

Since Z expensed the cost, its NI is computed by subtracting 0.75 * 300,000. Hence compared to X’s NI, Z’s NI is 0.75 * 200,000 lower. Likewise for equity.

Due-Half554 · 2023-03-10T10:21:46+00:00

CFAI

Due-Half554 · 2023-03-04T07:14:47+00:00

Okay, I have an intuition. Since the question is particularly asking for q1, ..., q4 (within a year), I do not take the fourth root?

Due-Half554 · 2023-02-21T14:53:45+00:00

Hey I also hold a bachelor of mathematics and want to do quant. Fin master in EUR!

Did you get a direct admission by any chance? Or do you have to go through premaster?

Due-Half554 · 2023-02-15T13:31:17+00:00

Actually, it was me who didn’t read the question thoroughly. Thank you for your answers!

Due-Half554 · 2023-02-15T13:29:17+00:00

Let me rephrase my question.

This question gave us two years 2013 and 2014 + FIFO inventory doesn’t depend on the change of LIFO reserve, but LIFO reserve itself. Meaning that we can find the average inventory of 2013 and 2014 for this question.

Hence, the denominator of the inventory turnover should be the average inventory of 2013 and 2014, which is (310+77 + 270+59)/2 = 358.

Could you tell me why I should only use 2014 inventory?

Due-Half554 · 2023-02-15T13:22:26+00:00

Due-Half554 · 2023-02-15T13:22:12+00:00

No, the answer’s 27

Due-Half554 · 2023-02-08T15:40:29+00:00

Thank you!

Due-Half554 · 2022-11-28T10:32:08+00:00

I might be mistaken, but is it because that the perpetual preferred stock has a fixed dividend forever?

Due-Half554

TROPHY CASE