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Doubt in MF
AFM
answered on 28-Aug-24 20:18
Sir, in this question, we have already considered 2 as net expenses while calculating closing NAV then why are we again reducing 2 while calculating absolute return Also, while calculating opening NAV, why aren’t we considering that 2 expenses? We have calculated opening a nav on net asset investment 229/4.2 please clarify
latest answer
In part 3, i did not start computation with 415.67, instead i started with 417.67 which is value of all investments from that i am reducing expenses payable and then adding cash If you start with 415.67 no need to add cash & reduce expenses Opening NAV here refers to same opening date value i.e 229 as considered in part 1 & 2. in part 3 we are assuming all the action that is incurring expenses, increase portfolio value etc has happened over 2 years and a dividend has also been paid
kabilan sam
CA Inter
★ 3K+
1
214
Doubt
AFM
answered on 28-Aug-24 16:02
Why margin call does not equate with the profit, as like in Illustration 14
latest answer
Closing p opening margin account balance adjusted for deposits and withdrawals shows you profit or loss
ezy pan
CA Final
★ 130
2
183
CLERICAL MISTAKE
AFM
answered on 28-Aug-24 14:59
price of the bond at 7% is 104.09
latest answer
Will correct in the notes. Thanks for highlighting
ezy pan
CA Final
★ 130
1
169
Inc of Co
Corporate & Other Laws
answered on 28-Aug-24 11:49
What is the correct answer Q22
latest answer
I resolved
Sushmita Chowdhury
CA Inter
★ 2K+
1
198
Consolidated Financial Statements
Auditing
answered on 28-Aug-24 20:37
While giving stand alone financial statements we also give CARO 2020 report Whether while doing consolidated financial statements we should also give CARO report??(Including matters of all subsidiaries)
latest answer
CARO is not applicable for consolidated financial statements
Surya Prakash
CA Final
★ 19K+
1
229
Ethics
CFA
answered on 28-Aug-24 10:54
Stewart has been hired by Goodner Industries, Inc., to manage its pension fund. Stewart’s duty of loyalty, prudence, and care is owed to: A.The management of Goodner. B.The participants and beneficiaries of Goodner’s pension plan. C.The shareholders of Goodner. Answer is option B but since steward is hired by goodner inc which makes goodner inc as his employer so as an employee he does owe duty of loyalty to his employer so he should also be loyal to management right so why cant option A the ans
latest answer
thank you
Dhakshana Dhakshana
CFA L2
★ 18K+
2
284
value of supply
Indirect Taxation
answered on 29-Aug-24 19:04
why is testing charges not an obligation of the supplier in this scenario?
latest answer
Question must specify that it is obligation of supplier.
Niveta Rajkumar
CA Inter
★ 6K+
1
210
Inc of Co
Corporate & Other Laws
answered on 28-Aug-24 22:31
1) At solution it said about 6month In the provision it didn’t Which to follow ? Both from ICAI mat
latest answer
2) Ques 5 is a very specific situation of change of object for which money is raised by the company. Co. wants to use the money for another purpose. Its covered in section 13. It requires SR, publishing in 2 newspapers and exist opportunity. Ques 6 is a general change of object of company. So normal provision for changing MOA will apply
Sushmita Chowdhury
CA Inter
★ 2K+
4
195
ILL29
AFM
answered on 28-Aug-24 10:20
In this ill interest why we calculated. no where in question they mentioned payment of int sir but afc ltd invest to earn 10% only they written . what is the revalance sir
latest answer
When there is a cash buy out, the acquirer loses cash and gains a business. The cash earns some income. We are trying to value merged entity after the cash goes out. the valuation is based on combined EPS. when cash goes out EPS will also reduce as interest income reduces
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
1
189
Find npv
Financial Management
answered on 28-Aug-24 12:08
Find npv And explain about the steps
latest answer
NPV=Present value of cash inflow -present value of cash outflow For project A,pv of inflows = 60000×(1/1+10%)^1 +45000×(1/1+10%)^2+15000×(1/1+10%)^3 = 60000×0.909+45000×0.826+15000×0.751 =54540+37170+11265 =102965 NPV=102965-100000 =(+)2965 repeat this same method and calculate for project B and C and choose the project which has higher npv as well as pi
shivam Kumar
CA Foundation
★ 3K+
2
259