Is this solution right? I was getting answer C, but it is showing B
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This is a question from CFAI, Mock exam B, afternoon session but the answer is not matching the solution.
I think under US GAAP, the Inventory is written down to market value, which may equal to replacement value if the replacement value is between NRV-normal profit margin and NRV. Could I comprehend that this question does not give a ...
Please explain the formula of Average Book Value as in why are we adding the salvage value in cost of asset instead of subtracting and dividing it by 2 not by 6??
Please explain in question no. 40, Budget deficit decreases which mean (X-M) increases on the whole and according to the equation (S-I) = (X-M) Savings should increase or Investment decrease. Please correct me on what I am getting wrong.
Please confirm this, Contango is the situation where spot < Forward, low convenience yield, or high cost of carry and upward sloping. Backwardation is the situation where spot > Forward, high convenience yield, or low cost of carry and downward sloping.
Please explain why is the price not adjusted and still inflation is biased upward?
Can someone explain me this explanation given in simple words? I am not getting the rationale behind this explanation.
Please explain how to solve this and what is the concept behind this question? Where did sir explained this one?
Please explain which formula and method are used in this calculation and what is the interpretation?