Last Minute Help: Accg 253 (1 Viewer)

[choco]

basically i dun wanna repeat...so how did you guys study for it? or are studying for it?
thanks heaps!

 

[redruM]

i'm giving myself fri-tue to cover the entire course. should be managable. i like to learn thoroughly (because skimming over stuff just wont sink in). so going thru lecture notes, then text, then making notes, then tutes. i think you gotta cover the tutes well.

btw, do you know the details of the final exam? i got my lecture tmw, but i'm curious

 

[choco]

its m/c that is negatively marked and then short answers which are discursive and calculative..whole thing is out of 153...that is really all tat she said. she wasn't really helpful..
goodluck!

 

[boinkBOINK]

not at alll
did anyone else notice how much of a cynical bitch she was
mind the language

 

[Orange Juice]

i actually thought she was nice boinky

 

[boinkBOINK]

lol
mate oj
u were givin me looks everytime she said somethin

 

[ReaveR]

Can't believe she used expected value to try and justify her negative marking, and saying there's no penalty o_0

 

[redruM]

Can't believe she used expected value to try and justify her negative marking, and saying there's no penalty o_0

yeah hahaha.

btw, the total is out of 135, not 153

got my exam back...i thought i went good(49), but then the avg was 46. i was hoping everyone would fuck up.

 

[boinkBOINK]

OH WTF
average was 46?
NO FRICKEN WAY
i left out ilke 40 marks in itself
omgwtfbbq

 

[Orange Juice]

lol
mate oj
u were givin me looks everytime she said somethin

no i was checking whether you were awake as i didnt want you to miss all that vital info

 

[redruM]

OH WTF
average was 46?
NO FRICKEN WAY
i left out ilke 40 marks in itself
omgwtfbbq

thats what my tutor said.

actually on second thoughts, he is a massive lost case. so he may be talking about the class average.

 

[ReaveR]

My friend who got his test back also said the average was around 40+

I guess we'll see how our class did tomorrow boink.

 

[Orange Juice]

ok time for some q&a
difference between market value and book value?
in calculations which do we use?

does anyone have like all the formulas we need to know typed up?

 

[boinkBOINK]

oh mate oj
screwed
screwed hard
i cant take in all this information
its just too much for my head mate
gg

 

[redruM]

book value v market value

Spoiler

market value = value that a buyer in the market is willing to give up
book value = in your accounts. it is the value of your asset by taking into account depreciation (and i guess any asset revaluation).

i can think of using this when you calculate the taxable income.

selling price < book vale (depreciated value)
the reason why your book value is less is because you havent depreciated your asset enough. hence havent received the tax benefit by this in previous years. so you should receive the benefit. therefore, it will decrease your taxable income, hence you see it as a loss.

sp > bv
this means you have depreciated it too much, hence received tax benefits from when you shouldnt. so this sale will increase your taxable income. so it is a gain from sale.

just a couple of pointers, this is only for calculation of taxable income, not the actual cashflow. you need to calculate how much tax you will receive/pay (THAT is the cashflow) you may need to repeat some of these figures as they can be cashflows - salvage value, savings.

also, this is how i see them. i am not 100% sure.

another question:

what is the shareholders response to dividend policy in
i)pefect markets
ii)real world

have a go and then we'll compare

i think:

Spoiler

i) they will be indifferent because on the dividend question; to pay or not to pay..that is the question
pay- the shareholders will receive $, hence shareholder equity increases.
not pay- the retained earnings will be reinvested int the firm -> growth -> share price increases, hence shareholder wealth increases.
so in a perfect market with shareholders can be indifferent.

ii) in a real world, you may have long/short term investors who want income now/later depending on their preference.

lets try to make this work with the spoilers (spoiler) (/spoiler), using [] instead of (),

another question:

what are the cml and sml lines?

 

[Orange Juice]

redrum your fucken sig got me mesmerised...damn man get that shit off

boink... your gay, seriously you say your screwed but you come out with a HD...

im trying to do the tute questions since i didnt do them during the tutes, and shit their hard... i rearranged all the chapters from lowest to highest... i cant chapter 8,10,11 (havnt gone beyond)... 10/11 has too many formulas... and chapter 8 i have no idea how to calculate them...

as for your dividend policy... in a perfect world, it doesnt matter since you can make your own home made divedends... but because in teh real world with brokerage cost and taxes etc... it mightnt work unless the company has the reinvestment scheme

in the real world, it matters to investors, as you said. they might be able to take advantage of the whole imputated system... but at the same time it said somewhere its a psychological thing... investors split share price and dividend into two catergories..

not sure if i even answrered your question...

CML and SML dont really make sense... its something about investing on those lines to get the most efficient portfolio...

 

[Orange Juice]

also for mid sem test paper 1 stream A, Q2 C
how did they work it out? i got the semi-annual rate, but how did you get the annual rate?

 

[boinkBOINK]

hd oj?
dude
i got 24 for that last exam
the average was some whacked numbe liek 40
tell me where the hd's commin from mate

 

[Orange Juice]

dude youll unleash a hd outta your ass.... i feel the nerdy vibe just being next to you

give us your msn mate... the response time on here is terrible
no one responds cept me and you

 

[boinkBOINK]

lol
agreed on that
ill pm it to ya for fear of stalkers