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Type: Posts; User: Shivramakrishnan Iyer

1. ## Thread: FREE CFA Level 1 sample questions everyday for December 2010 candidates

by Shivramakrishnan Iyer
Replies
418
Views
207,608

### Sticky: Answer is C lIABILITIES+EQUITY = Liabilities...

lIABILITIES+EQUITY = Liabilities + Beg retained earnings + contributed capital +Netincome - Dividends

= Liabilities + Contributed Capital + Beginning Retained Earnings + Revenues
2. ## Thread: FREE CFA Level 1 sample questions everyday for December 2010 candidates

by Shivramakrishnan Iyer
Replies
418
Views
207,608

### Sticky: Let me also give you an example say a sandwich...

Let me also give you an example say a sandwich wala in mumbai streets has only 4 slices left he knows and say the slices expire that night and will have to be thrown..also say the toaster he has can...
3. ## Thread: FREE CFA Level 1 sample questions everyday for December 2010 candidates

by Shivramakrishnan Iyer
Replies
418
Views
207,608

### Sticky: Hi Neha, I have been thinking about your...

Hi Neha,

I have been thinking about your question and thinking about an answer which I can explain to you from a practical stand point. Now your question is valid but is hypothetical. The point...
4. ## Thread: FREE CFA Level 1 sample questions everyday for December 2010 candidates

by Shivramakrishnan Iyer
Replies
418
Views
207,608

### Sticky: Yes I figured that CFA likes certain things in a...

Yes I figured that CFA likes certain things in a certain way..It is like you might know how to drive really well but it does not mean yu will pass the driving test as they prefer certain things in...
5. ## Thread: FREE CFA Level 1 sample questions everyday for December 2010 candidates

by Shivramakrishnan Iyer
Replies
418
Views
207,608

### Sticky: To fundamentally understand look at it as an...

To fundamentally understand look at it as an equation of a line Y = mx+c with c = 0 here as Price and demand have an inverse relation and hence the slope which is price elasticity of demand is -ve...
6. ## Thread: FREE CFA Level 1 sample questions everyday for December 2010 candidates

by Shivramakrishnan Iyer
Replies
418
Views
207,608

### Sticky: I disagree that it is A Demand should...

I disagree that it is A

Demand should logically drop by 36% which is 54 and the answer should be 96..Basically increase in price by 30% makes demand go down by 1.2*30% = 36%
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