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Type: Posts; User: Shivramakrishnan Iyer

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

    Answer is C

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


    = Liabilities + Contributed Capital + Beginning Retained Earnings + Revenues
  2. 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. 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. 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. 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. 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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