ACCG253 hand in thing (1 Viewer)

[Orange Juice]

boink you sure it was "maybe"? or was it BABY!

 

[ReaveR]

LOL he scared me when i walked in

i sat down and he looked at me
so i was like "hey"
and he was like "david right?
and i was like "yea you remembered"
*giggles "maybe your special"

thats a little too close for comfort there

He definately wants you more!

 

[boinkBOINK]

lol
now your scarin me oj

looks like the back of the class for me from now on

but seriously
how the hell do we remember all these formulas

 

[Orange Juice]

i dunno dude...
lets not forget you need to know what each symbol means as well...
they should give us formulae sheet dammit

 

[boinkBOINK]

we have symbols?
what symbols for where

 

[Orange Juice]

symbols as in dt+1 and stuff...and g, r, p, etc

 

[boinkBOINK]

oh rite
i just took them as formulas

i dont see what they achieve by having us remember these formulas
we shoudl be tested on how good our knowledge is in practice
ie. given the formulas if we're able to use the information given to us to answer the question.
not how good our memory is to remember a dozen formulas and then having to remember how to apply them

this is ridiculous

 

[yenta]

are u fucking serious, we have to rememebr all those formulas? That's bullshit, it's bad enough them making the test on a sat, now they're not even giving us the formulas?? Not happy jan!

 

[boinkBOINK]

well i thought we'd get formulas
so i asked the tute
"hey so we're going to be given formulas right"
and he was like
"what for? you dont need formulas your second yr students you should be ablee to remember them"

 

[Orange Juice]

fuck this... enough... im gonna go study now
boinky your a distraction mate...
ill seeya tommorow

 

[yenta]

well i thought we'd get formulas
so i asked the tute
"hey so we're going to be given formulas right"
and he was like
"what for? you dont need formulas your second yr students you should be ablee to remember them"

Omg...does he even realise how many formulas there are and how complicated they are? FFS it would be very difficult for anyone to remember them

 

[boinkBOINK]

if only there was an ex accg253 student here to tell us what to expect from this exam
and the type of questions asked

 

[ReaveR]

Maybe all the ex 253 students had heart attacks at the final exam..

 

[boinkBOINK]

ye perhaps

hay help me out man

u know the debt\equity ratio?
if its 0.5
why does equity need to be 1500 when equity is 500/?
and where does the 1\3 debt 2\3 equity come from?
where are they gettin those figures?

 

[ReaveR]

Where's that from? o_0

 

[boinkBOINK]

somewhere in chapter 19
where its talkin about debt equity ratio's nd stuff

 

[ReaveR]

I just finished 6.
I'll take a quick look at what you're asking, hang on

Edit: Err hang on, I found what you're talking abuot but I'm having troubles with the gf >=( The night before the test too.

 

[boinkBOINK]

that aint cool

lol dw i know how u feel
i get that alot closer to major tests
it aint cool

 

[ReaveR]

I don't really get where they got 50c and 1.50 of value from.

Edit: Can we even do anything without the previous values? So we can work out the new values?

 

[- H -]

Wow… from reading what you guys have been posting it seems like they’ve changed the course, or made it 10 times harder in comparison to last semester.

In relation to the exam…
I remember the questions being very similar to those in the tutorial question. If I remember correctly, most of my questions were practical ones (a few theory but not really), so there was a large focus on things such as interest rate swaps, WACC, debt to equity (link with WACC), capital markets, options…
There was no formula sheet in the exam, however, we were given a 3 page summary of all the main formulas in each chapter. This sheet was a guide to the million formulas. its helpful for cramming!

Hope that gives you a better picture of what to expect in the final. Golly, I’m still freaked out about how hard this thing was.

2 period certainty model – this is a bugger of a topic, think of it as the production probability function (it’s the same graph except its just about $$ rather than quantity)

Debt to equity ratio thing (can’t believe you guys are doing this chapter already, we did it as our 2nd last topic) – I’ll try to explain the example thing that was posted earlier.
“If it’s 0.5 – why is equity 1500 when debt is 500? Where does the 1/3 and 2/3 come from?” I take it you guys are talking about the residual dividend approach on page 651?? – you’ve written the wrong thing down. Its actually says if its ratio is 0.5, the firm has 50c (500) for every 1.50 (1500) in value. This 1.50 (1500) is the total value of debt plus equity, it not the value of equity in itself.
How does the 1/3 and 2/3 fit in?? 1500/3 = 500 ~ which is the 1/3 (debt). 2/3 (equity) is the remainder.
In short, all the ratio thing is saying is for every dollar of debt, you must have 2 bucks in equity.. in the above case 500 debt plus 1000 equity equals 1500 in total value.

Does that make more sense??