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wyt (m)
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@tkb 417
i am fine, regreting not writing this june again due to my
cis exams coming up march.nevertheless, i'll be in for it
by dec diet. wish all that are going in for it this june the
best of luck, proud that u guy will surely make us proud.
lets keep the flag flying
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lowee231
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wyt
na wah for u oh.
na so u abandon me
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lowee231
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Hello I know alot of us have busy schedules work full time, but we need to make out time to help each other and in helping each other we help ourselves. I want to reiterate something that the CFA level global pass rate was 40% but the Africa pass rate is 28% so the better prepared we all are the better for all us cause God willing I don't want to take level 1 twice as mathematically possible as it may be. We need to raise the bar. The website attached below really helped me alot organising myself. http://cfathoughts(dot)blogspot(dot)com/I have a couple of subjects that I have issues with but there are very few people I can reach out to here in Nigeria. So the sooner we start posting topic specific questions on CFA the better for all us. We don dey reach crunch time oh. So people may say I am being paranoid but I believe that it is better to have a gun and not need it  than to need a gun and not have it  Cheers |
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lowee231
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Lets get this party Started
The probability that the economy will fall into a recession in any one year is 25%. Determine the probability that the economy will experience a recession in 1 out of 4 years and determine the expected number of recessions that will occur in 4 years.
a. 25% probability of recession and 1 recession in the next four years.
b. 25% probability of recession and 4 recessions in the next four years.
c. 42% probability of recession and 2 recessions in the next four years.
d. 42% probability of recession and 1 recession in the next four years.
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candylips (m)
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(d)
.25 ^ 1 * .75 ^3 * (4Cr1) = .42 == 42%
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wyt (m)
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@lowee231
i am sory for my surden change of plan, it just the issue of lot of
reading loads on me. but i am still preparing for dec seriously,
as u said can't afford to write it twice. sure to hit it by dec. we are still together ok
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lowee231
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candylips,
Nice one
where your question now ?
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candylips (m)
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Which of the following statements regarding the methods of revenue recognition is most accurate?
A) The completed contract method is used when the selling price or cost estimates are unreliable.
B) The completed contract method, in comparison to the percentage-of-completion method, will generally result in higher net income.
C) The percentage-of-completion method is primarily used in contracts that have short lives.
D) The percentage-of-completion method generally results in lower retained earnings than the completed contract method.
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lowee231
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A) The completed contract method is used when the selling price or cost estimates are unreliable.
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wyt (m)
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@anietie01
this is not a job forum ok!, it's for financial think tanks
@lowee231
bravo!
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candylips (m)
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nice one.
If an increase in aggregate demand is greater than expected, actual inflation is:
A) greater than expected inflation and unemployment decreases.
B) greater than expected inflation and unemployment increases.
C) less than expected inflation and unemployment decreases.
D) less than expected inflation and unemployment increases.
Explain why you chose your answer .
Consider an economy at full employment but with relatively high inflation. Assume the central bank unexpectedly reduces money supply growth. The unexpected reduction in money supply growth is most likely to have which of the following effects on the inflation rate and output level in the short run?
Inflation rate Output
A) Remains higher than the desired rate Drops below the desired level
B) Remains higher than the desired rate Remains equal to the desired level
C) Drops to the desired rate Drops below the desired level
D) Drops to the desired rate Remains equal to the desired level
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lowee231
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make somebody else answer this one. I never finish my revision oh,
Na only me and candylips dey this forum
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candylips (m)
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seems like those questions don put everyone to sleep
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wyt (m)
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to all our pals writing this june, how is preparation?
really believe that God is on your side. for those writing
in dec. can we get together, via this mudium. u guys
can see what lowee231 and co are doing that is efffective
preparation, let get together and be more effective than them.
want to hia from you guys
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lowee231
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seems like those questions don put everyone to sleep
guy no be say i sleep. its just that it seems we are thew only ones here |
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lowee231
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Where una dey oh
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Mustay (m)
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though i ain't taking the papers, I enjoy these posts on this thread.
CFA candidates where una run go o?
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lowee231
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brotherly
me i no know where my brothers and sistas go.
Nigerian Juners 08 together we stand divided we are shark bait.
so advice question comments concerning CFA level 1 08 will sincerely be appreciated.
For people using Schweser i would advice u to use it side by side the official textbooks. And try as much as possible to ansa all the end of chapter questions.
I am having problems understanding payoff stratgies of Calls and Puts
any advice?
if i no receive reply i go flog all of una
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ty2001
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i really wish i can help out.i will be writing level one in Dec,so i just started reading.
Dont be discouraged am sure people like me will starting chatting more often on topics ,let me just start the reading proper.
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ty2001
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please can any one help out with cd materials with level one either recent or old one
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candylips (m)
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CD materials ?
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lowee231
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nice one.
If an increase in aggregate demand is greater than expected, actual inflation is:
A) greater than expected inflation and unemployment decreases.
B) greater than expected inflation and unemployment increases.
C) less than expected inflation and unemployment decreases.
D) less than expected inflation and unemployment increases.
Explain why you chose your answer .
Consider an economy at full employment but with relatively high inflation. Assume the central bank unexpectedly reduces money supply growth. The unexpected reduction in money supply growth is most likely to have which of the following effects on the inflation rate and output level in the short run?
Inflation rate Output
A) Remains higher than the desired rate Drops below the desired level
B) Remains higher than the desired rate Remains equal to the desired level
C) Drops to the desired rate Drops below the desired level
D) Drops to the desired rate Remains equal to the desired level
I B
II C
so which one was right
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candylips (m)
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your answers are both incorrect.
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lowee231
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II A
I A
Candy whats your email address?
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bakre (m)
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CFA 1 2008 LECTURE VIDEO,AUDIO & QBANK NOW AVAILABLE @ A DEEP DISCOUNT!!!!!!!!!!!!!!.CALL TOKUNBO BAKARE 08039307507.
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lowee231
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A trader enters into a short position of 20 futures contracts at an initial futures price of 85. Initial margin, per contract is N7.50. Maintenance margin per contract is N7.00. Each contract is for one unit of the underlying asset. Over the next three days the contract settles at N86, N84.25, and N85.5. Assuming the trader does not withdraw any funds from his/her margin account during the period, but does post variation margin sufficient to meet any maintenance margins calls, the balance in the margin account will be
A $150.00 at initiation and $140.00 at settlement on Day 3
B $150.00 at initiation and $150.00 at settlement on Day 3
C $150.00 at initiation and $165.00 at settlement on Day 3
D $140.00 at initiation and $150.00 at settlement on Day 3
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peaceland
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Hello. Please i am highly interested in taking the CFA exams but i don't seem to be having the right information. people said its only taken in South Africa and Ghana. i have tried their website but that is not too helpful. basically what i want to know includes: 1 - the stages and the possible exemption if any (i recently became an Associate of the CIBN) 2 - possible lectures places in Nigeria. 3. Fees and mode of payment. 4. other related issues like what constitute a pass; can i phase the exams or must i complete at a stretch with no breaks. i would deeply appreciate answers please. my contacts are 08056071913, atopeaceland@yahoo.com and this thread. thank you |
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Mustay (m)
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Re.
« #222 on: April 13, 2008, 10:46 AM » |
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Google your search because i've seen an advert of a tutor centre located in d island before. I can't remember the exact name now.
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Mustay (m)
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Re.
« #223 on: April 13, 2008, 11:26 AM » |
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@ peace land, the name of the place I wrote about is CBA academy. They have a centre located in V.i. Their website is www.cbaacademy.com |
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