Dear all,
 
I hope you are busy viewing the videos that have been uploaded for your benefit.
 
Would appreciate your co-operation that only students having less than 40% for PT2 should be attending the class tomorrow, from 1pm to 5pm at Audi 1
 
Thank you.
 
Best regards,
Joyce Low

Dear all,
 
In order to assist You to increase Your chances in passing in June 2010, the recorded lectures are available for viewing on http://www.joycelow.com under Videos (Main menu).
 
Each video is 15 minutes only to optimise your viewing directly from the website.
 
The remaining videos will be uploaded by Fri morning.
 
Please note that the materials will be transferred to Eztax.com, the website specifically designed to host F6 videos, by next week.
 
It is my sincere hope that You will harness this facility to pass (and score!) in June 2010.
 
Have Faith, Stay Focused and All the very BEST!
 
Best regards,
Joyce Low

Dear part time students,

Please take note that the class will be re-instated as agreed upon last week.

I will be covering tax administration and partnership. Will be doing some questions on Capital Allowances.

Audi 6 is located at 2nd floor, above Audi 1.

Take care and cheers!

Best regards,

Joyce Low

Dear all,
 
I have received a request for some help with regards to the homework question.
 
1(d) Spot rate is A$2.6786-A$2.6826
 
Given 1.70c -1.60c premium
 
Use the short form, Discount Add Premium Minus (DAPM)
 
Hence the A$1,500,000 receivable in 3 months time, requires selling rate
 
Therefore, 3 months forward rate is spot rate +/- margin
 
3 months forward rate = A$2.6826- 0.016= A$ 2.6666
 
Note that the interest rate given is per annum.
 
 
1(e) Spot rate : Euro 2.1225-Euro 2.1160
 
Paying in first currency, hence use buying rate.
 
Please be Very Careful. Buying rate is the lower rate!!
 
Hence using DAPM (as above),  Euro 2.1160 +0.008 = Euro 2.124
 
 
 
With this you should be able to complete the homework accordingly. Happy studying!

 
Best regards,
Joyce Low