Samatar Abdirahman Mohamed

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  • in reply to: Cryptocurrency and Blockchain #4204

    When comes to Digital assets and Cryptocurrencies there are very attractive features like the seamless transfer of tokens, no government meddling, and a reduction in transfer cost. Currently, the risks far at weight the benefits, the volatility of cryptocurrencies, the speculative valuing, and the money laundering aspect of it.

    Humorously e-wallets are one of the best features of cryptocurrency, while they can be used for nefarious purposes anonymity is the way to go.

    I didn’t look at Stablecoins and CDBC before, judging solely from the articles on the website. The Stablecoins idea of being tied to another valuable asset seems intriguing at first, but what asset should it be tied to? Gold, Oil, Dollar.

    Although a repeat of the mistakes of TerraUSD seems a very scary prospect indeed, I think this will be the future currency. Finally, CBDC which looks to be controlled by the government is the opposite of what makes Cryptocurrencies attractive, what level of control would you have if the government can freeze or repurpose your assets, especially when it’s all electronic.

    I am still new to digital assets and crypto, so please point out any misunderstandings.

    with regards,

    Samatar.

     

    in reply to: Module 2 Test yourself #3932

    Thanks for showing how the results was reached.

    For the Academy Building in 2059-2060 : I made the mistake of counting from April to December, instead of April only.

    For IT equipment shouldn’t it be : $96,000 ÷ 5 years = $19,200.

    For IT equipment shouldn’t it be : $10,000 ÷ 10 years = $1000.

    For a total of $ 20,200.

    where did the 3 and 5 dividers came from.

    Thank you Professor for elaborating, it’s very appreciated.

    in reply to: Module 2 Test yourself #3929

    Thanks for the reply Xasan, I apologize for being rude. I become frustrated because I was patiently waiting around 10 days.

    I was checking regularly for any updates, because sometimes the answers/results in one exercise are carried over to the subsequent  modules.

    There were calculation mistake in some of the previous modules, but they were obvious mistakes were you can easily spot the mistake.

    P.S I check around 4 or 6 times, the formula is easy but the provided answer can’t be found.

    Nevertheless Thanks.

    in reply to: Module 2 Test yourself #3866

    The silence is deafening, or maybe the provided answer is wrong.

    in reply to: Module 4, 8.12 Kangan Solution #3152

    If you didn’t understand, maybe somebody else will explain it better.

    in reply to: Module 4, 8.12 Kangan Solution #3151

    GOVERNMENT PAYMENT AND RECEIPT

    RECEIPT 
    Total receipt = $70 m
    PAYMENT
    Total payment = $62 m

     

    HOSPITAL PAYMENT AND RECEIPT

    RECEIPT
    Total receipt = $25 m
    PAYMENT
    Total payment = $26 m

     

    Now we are going to eliminate TAX and GRANTS because they are transfer between Government and Hospital entities.

    $3m TAX should be substracted from Total receipt of Government and Total Hospital payment.
    $70m – $3m = $67m.
    $26m – $3m = $23m.

     

    $4m GRANT should also be substracted from Total Payment of Government and Total Hospital payment,
    $62m – $4m = $58m.
    $25m – $4m = $21m.

     

    THE NEW VALUE WILL LOOK LIKE THIS:

    GOVERNMENT PAYMENT AND RECEIPT

    RECEIPT 
    Total receipt = $67 m
    PAYMENT
    Total payment = $58 m

     

    HOSPITAL PAYMENT AND RECEIPT

    RECEIPT
    Total receipt = $21 m
    PAYMENT
    Total payment = $23 m

     

    NOW SIMPLAY ADD ALL RECEIPT AND ALL PAYMENTS:

    Total Receipt: $67 m + $21 m = $88m.

    Total Credit:    $58 m + $23 m = $81m.

     

    I hope this illuminated how the answer was reached, also re-watch the Module 3: 8.6 Consolidated Financial Reporting videos.

    in reply to: Module 4 23/71 #3127

    it seems there couple of mistakes in module 4.

    Note 1

    350,000 is a mistake, they meant use 400,000 * 11  = 4,400,000.

    4,400,000 * 600,000 = 5000,000.

     

    Note 3

    120,000 is the correct answer which can be found by multiplying

    2 (airport manager) * 5000 (wage per month) * 12 (number of months in a year)= 120,000.

     

    Note 4

    120,000 is also the correct answer

    10,000 (operating cost per month) * 12 (number of months) = 120,000.

     

    I hope this helps, if you are still searching how reach the answers.

    in reply to: Kangan budget case study #3032

    It seems their is a mistake in the $350,000 per month. The viable number to use will be $400,000 per month, to reach the required answer.

    400,000 * 11 = 4,400,000

    4,400,000 + 600,000 = 5,000,000.

Viewing 8 posts - 1 through 8 (of 8 total)