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I understand. Thanks.
After you have calculated the closing basis (the remaining months to expiry multiplied by the basis), do you minus (or add whichever applies) to the Spot rate or the Current futures price?Alright then thank you. I guess I have to find a global text and read the whole thing over. I’ve done the exam and failed (with a score just below 50) because I’ve been reading the english text and sitting the global exam…
2. If a director has taken a loan of $5000 must there be approval of the members of the company?
3. If a director desires to continue being a director after one year must there be approval of the members of the company?
4. Must there be approval of the members of the company on determining the amount of remuneration to be paid to a director?1. What is the maximum number of partners that can form a partnership?
2. What is the minimum amount of capital required to form a partnership?
3. If there are three members in a partnership for example Tom, Ham and Sham and Tom is restricted from entering into contracts on behalf of the partnership and does actually enter into a contract costing $5000, will all three partners be liable for the contract? Will Tom have to repay Ham and Sham the full amount they have paid in the contract?
4. When a partner leaves a partnership is he still liable for contracts which he entered into ?
5,. When a partner leaves a partnership is he still liable for contracts which he entered into but did notify creditors of his resignation?How does one determine which exam they should sit?(English or Global). Is it a matter of choice?
Is there any other place other than the text I can go to find notes on the global law matters such as arbitration, united nations conventions on sales of goods, etc
Sorry when I say balance im refering to the answer as in when you draw up the bank reconciliation statement when you get the cash book balance how do you know if its an overdraft or balance at bank.
is it possible to get a guide as to how to answer the questions in the extra multi-task questions which has a separate heading in study materials for F2.(it contains 3 multi- task questions)
A site on the internet says as per overdraft the c/d amount is debited on the receipts side of the cash book..