Wow great. Exams are finally over, and now I don't know what to do. It's damn boring, and life isn't the same without studying in the middle of the night, oh well I don't really study in the middle of the night, but nevermind.
In general, FIT CM FP papers were damn bitches, I know how to do the calculation parts but I knew little about those, theories. Oh, it's over anyway.
WOOO~ Say yeaaa.

Okay, after FP paper today was trip to vivocity. Bused 61 there, and I was eagerly hoping to see darren and edwin (YET AGAIN) get chased down the bus for underpayment of bus fares. Total gangsters please. Lunched at, burgerking ate some not so nice burgers which, substantially shrinked in sizeeeeee, but never the price. Had some romantic walk into national geographic shop, why the heck they call the shop national geographic? But anyways, seen lots of interesting things inside, and they were playing with this cold chamber thing, which is like -4degreesC inside.
THEN movie lah, the show okay only lah not say very nice also. He's not that into you, or sth like that. Hmm, too many characters, the scenes keep jumping here and there. Rather confusing, and at times you'ld be left there thinking like, why's this girl bedding with so many guys? When it's actually not the same girl but of whatever there're too many people inside such that my poor memory doesnt allow me to remember every of their single faces since they ain't that significant to me nor unique cause oh. you know. haha.
After movie, we went, shopping. Window shopping. Like, 4 guys, can shop what? Hahahaha.

ORIGHT I is tired now. LOL.
K bye lah. talk to you again tomorrow.
GOOD NIGHT. :)

I think I'm a crazy person. Someone who blogs everyday during the exam week, yet doesn't blog on normal days. Hahaha. Oh nevermind.
TODAY MARKS THE LAST DAY, OF POLY YEAR 2. AIN'T YOU GLAD. No actually hahaha.
I'm contemplating now, whether I should go for IAP or not, with the situation like this, and my results like that. Hmm.....
OKAY ALL THE BEST TO ME FOR LAST PAPER. PLEASE BLESS ME!
None for you all, I need all the blessings HAHA. (this don't apply to you. bless you too! haha)
AH GOODLUCK! (:

I think I really damn bo liao. Okay nevermind, I'm a good person.
I shall revise my work here and share things with everyone :)

Profitablity & Performance
*GPM = GP/turnover x100%
*OPM = OP/turnover x100%
SOCE = turnover/ave. operating capital emp.
ROCE = OP/ave. operating capital emp. x100%
OROCE = NPBIT/ave. overall capital emp. x100%
*ROE = Profit available for appropriation/ave. tangible NW x100%

Liquidity
*Current = CA/CL
*Quick = (CA-stocks)/CL,
CA=stock,WIP,debtors,cash, ST investments
CL=creditors, dividends, o/d, st loan, trade finance

Activity
*DCP = T.D/Sales x 365
*STP = stock/cost of sales x 365
*CPP = T.C/cost of sales x 365

Capital Structure & Financial Risk
*Gearing = external financing/(tangible NW+NRPS)
*D/E = TL/(tangible NW+NRPS)
Int. cover = NPBIT/interest charge
Div. cover = NPAT/div on Ord. shares.

(edited: credits to edwin yeo junjie lol)
Yay. Okay by the time you read this, you probably had finished looking through all the formulae. Okay, so I have to tell you this, that is, everything I typed is based on my memory, that is, it might not be correct. HAHAHA!
Those with (*) are those I think impt one. :) teehee.

THEN, for those of you whom keep asking me for tutorial 6 answers, isit? or 7? dont know.

Tutorial 6 answers (from elaine):

20x1 20x2 20x3

Gross Profit Margin
28.15% 26.92% 31.51%

Operating Profit to Sales
8.26% 7.27% 10.85%

Sales to OCE*
1.80(x) 1.82(x) 1.87(x)

Return on OCE*
14.87% 13.27% 20.24%

Overall Return on Capital Employed
15.23% 14.42% 19.98%

Return on Equity
20.01% 17.3% 21.65%

Current Ratio
1.24 1.34 1.36

Quick Ratio
0.75 0.87 0.95

Trade Debtors Collection Period
82.27 days 91.1 days 103.75 days

Stock Turnover Period
99.33 days 93.58 days 93.93 days

Trade Creditors Payment Period
67.88 days 93.21 days 100.99 days

Gearing
0.92 0.58 0.62

Debt/Equity
1.58 1.19 1.19

Interest Cover
5.67 5.62 7.07

okay la bye la. say thank you to me.
i am really damn bored huh. hahahaha.

GOOD BYE.. end of post, please come again another day for revision post :D
Your one-stop exam revision online portal. Please refer to tagboard for more notes HAHAHA.

I is nice person nao, I shall post some answers for you sexy people out there hahahahahaha wth.

This one is for the FIT revision questions one. Discrepancies one na. See you know, don't know then you should go revise some more.

Question 4d
1) Late Shipment
L/C: specified latest shipment date as 14 Aug 2007
AWB: the second waybill evidenced that 600 cartons were dispatched only on 20 Aug 2007 (exceeded 14 Aug 2007 timeline – late shipment)

2) Late presentation of documents
L/C: specified for presentation of documents within 10 days after issuance of transport document but within validity of credit
AWBs: Dated 10 Aug 2007 and 20 Aug 2007. Hence, presentation deadline would be 20 Aug 2007 and 30 Aug 2007 respectively (within 10 days).

Exporter presented documents to HSBC, Bangkok for negotiation only on 10 September 2007.

3) Incorrect “Freight Collect/Freight Payable at Destination” markings on AWB
L/C: incoterm is CPT, Kowloon and L/C stipulates AWB to evidence freight payment
AWB: reflected “freight collect/freight payable at destination” marking which is incorrect.
Under CPT incoterm, it should be “freight prepaid” marking to evidence freight payment by seller.

4) Stale Air Waybill
AWB: First AWB dated 10 Aug 2007 is a stale document. Exceeded the 21 days deadline (expired on 31 Aug 2007). The AWB was only presented for negotiation on 10 Sep 2007.

5) Wrong Consignee on AWB
L/C: AWB to be consigned to Bank of China, Kowloon
AWB: AWB consigned to Ruyi Traders

6) Term B/E incorrectly drawn – Wrong drawee
L/C: Draft drawn on Bank of China, Kowloon
B/E: Term B/E drawn wrongly on HSBC, Bangkok

7) Term B/E incorrectly drawn – Wrong term
L/C: Draft drawn at 30 days sight
B/E: Draft drawn at 45 days sight

8) Wrong description of goods on Invoice
L/C: 1,200 cartons of scented candles at USD 45 for each carton
Invoice: reflected 1,200 cartons of scenic cables at USD 45 for each carton

9) Wrong Incoterm on Invoice
L/C: Incoterm is CPT, Kowloon
Invoice: reflected the wrong incoterm CIP, Bangkok

10) Missing Document
L/C: Consular Invoice in original issued by the Thailand Chamber of Commerce
This document was not presented for negotiation

Okay thats all I have to give you people. SAY THANK YOU TO ME if you leeched something from here, at least let me know I did something useful instead of posting nonsense things here which actually waste my time from studying my secret holy notes. okay i dont have any holy paper this time round so sorry people.

GO! Go and enjoy the night, doing enjoyable things man, like studying CM, which is a killer that burns million of calories. Thats way better than doing, you know, that, 2.4km run. :D

NIGHTS babe.

Hahaha I have funny classmates wtf.

Dear FIT,
I think I know you. I see your notes, I know I know you, but when I see your exam papers, I think I don't know you. How to make me know you better, FIT.

Dear CM,
I don't really know you, and I don't really wish to know you. However, I have no choice but to know you better, but please, make my life easy, not like the tutor I have. Thank you very much.

Dear FP,
I, got nothing to say about you. I think you should be easy to know. God bless you.


I am mad.

so by saying that tells you that I'd just spent half of v'day sleeping away. Hahahaha. Okay I'm seriously damn tired and damn bored now that I don't wanna do anything. But I have to go down to somewhere near bugis laterrrrrrrrrrr, abit lazy to go thou, but I can't. :(

Okay la bye la.

Hope everyone enjoy v'day and not do any sinful things. Bye:)

Okay, tomorrow is EBA presentation, and I guess the database is more or less done with. Just want to add in more things, more chim things. :)

Soooooooo, frankly speaking, I don't know what to blog. Like, what interesting things are there happening in my life? Hahahaha.

EH, anyone wanna jio me out on saturday? I'm so lonely lol. Like, damn boring lehhhhhhh. Tsk.

Okay I go look up on access already. Bye.
And, darren is a beech. Don't call me in the middle of the night and argue with me over letter of credit, when what you are arguing about is wrong and I am right! HAHA bye homie.

take care dont be sad :)

I'm getting real bored at home now.

:(

Anyway, went to watch Love Matters yesterday at cathay. They show was, alright, rather funny at some parts. But the ending could already be predicted, no suspense one. eeyer. Ate at astons, again. Hahaha I decided to believe limin that the lemon lime wasn't bad. So I tried, and it really wasn't that bad. In fact it was nice, compared to the bbq which was a tad too salty.

AND, my entire class (ok , entire class less one) decided to skip CM tutorial yesterday morning. ZS told me that he went for the lesson, and was about to enter the class. However, seeing there's no one else in the class, he decided to not enter. He doesn't have to face the Joker for 2 hours, answering all her questions (retarded).

(12:38 PM) ': awaiting her good students to go in

:(

:(

ahahhaha.

okay bye. im trying to rush that stupid eportfolio which bcomm needs me to do. the point is, we have to sell ourselves to the entire class, like so gahh.

oh, today fit presentation wasn't that nice. teacher said, okay only. :(

to think i put in so much effort for it, and it was just okay. :(

she said i was nervous. :(

walao, imagine, presenting to someone, whom look like, your friend. :(

like, damn funny lah. she got a funny look. :(

so stupid :(

nehmind. :(

byebye. gottago my grandparents place soon. :(

:(