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Interest Cost Doubt
AFM
answered on 06-Mar-24 17:02
Dear sir, The Outflow to the customer @ 65.4 is on 30.11.2024 and the Inflow from the Spot sell rate @ 65.22 is on 31.11.2024. Why are we calculating Interest for 31 days? Also, we are passing on the loss of 22000 to the customer (Our outflow is reduced by the loss of 22000 from 6540000) on 30.11.2024 so why Bank is actually charging Interest to the customer.
latest answer
Because it is on early utilization of funds being forced by customer and not on its own will
Vanacharla Sai Pavan Kumar
CA Final
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10
425
AS 16
Accountancy
answered on 07-Mar-24 12:08
Hi Sir, Foriegn exchange part is quiet complicated. The initial dates rate of forex or ind value can be compared with the last date forex and ind value respectively . 1)Why should they compare last dates forex value with initial dates ind value? 2)Does it give any idea of how much the company could have saved ? 3)On what idea basis this AS has been formulated? 4)How to know full details of this standard like the way the standards have been formulated? 5)Where to study them for time being please clarify me the doubt on how to understand such sums? “Requesting to answer all the questions s.no wise”
latest answer
Okay Thank You Sir
Cucuberry
CA Inter
★ 0
2
304
I'll 20 part 3
AFM
answered on 06-Mar-24 20:26
sir perfectly dependent overtime all years is worst right ? And independent overtime it's may in 2nd year best anything is possible then y we took .3 only y can't we take .3 *.5*.2 like mix of these values in worst case
latest answer
perfectly dependent means if first year is worse all 3 years are worse
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
★ 3K+
3
352
As 27
Accountancy
answered on 07-Mar-24 08:31
Is my understanding correct sir??
latest answer
Thank you sir
Krishnan K
CA Inter
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3
375
Meaning of remote in as29
Accountancy
answered on 05-Mar-24 20:46
Embodying economic benefits is remote
latest answer
Ok sir thank you
MONIKAA RAMESHKUMAR
CA Inter
★ 710
4
596
Derivative valuation -Futures
AFM
answered on 06-Mar-24 10:02
For calculating Theoretical Minimum price which method should be used sir 1) Spot price + Carrying cost - Dividend Or 2) Discounting the Forward Price through epsilon..
latest answer
Need not do so much activity . if e is not given ignore that method
M Naresh
CA Final
★ 3K+
6
380
Calculation of indirect percentage of holding
Accountancy
answered on 07-Mar-24 08:27
If P holds 60% of Q AND Q holds 20% of T , Shouldn't it be calculated that P holds 12%(60% of 20%) of T?
latest answer
For control purpose, it will be considered 20% because P controls Q and can directly decide on 20% of T
Nayana Kowshik
CA Inter
★ 120
1
374
Prospectus
Corporate & Other Laws
answered on 07-Mar-24 19:56
Can anyone explain the below mentioned topic it's from deemed prospectus
latest answer
please highlight the exact point you want to understand
Nithyashree Shivaram
CA Inter
★ 20K+
1
376
Valuation - Assessable value
Indirect Taxation
answered on 11-Mar-24 14:56
Hello Sir, Why do we not include the demurrage charges in this question in calculation of FOB for the purpose of Freight and Insurance?
latest answer
Thank you so much sir
Susee Arunachalam
Qualified CA
★ 26K+
4
720
FIFO
Accountancy
answered on 07-Mar-24 08:27
Malcon Limited, a manufacturing concern has the following information in respect of material ABC.Re-order period 1 – 2 weeksMaximum consumption 900 units per weekNormal consumption 600 units per weekMinimum consumption 300 units per weekAnnual consumption 31,200 unitsPurchase price GHS4.00 per unitCost of storage 10% of purchase priceCost of order GHS60.00 per orderRequired;Calculate the reorder quantity, reorder level, maximum inventory level and minimum inventory level of material ABC.
latest answer
whats your doubt in this?
James Aduko Apolala
CMA Inter
★ 0
1
346