Discuss AIWMI CCRA-L2 Exam Topic 3 Question 108

Ms. Mary Brown is a credit rating analyst. She had prepared a detailed report on one of her client, FlyHigh

Airlines Ltd, a company operating chartered aircrafts in India. As she was heading for a meeting with her superior on the matter, coffee spilled over her set of prepared paper(s). As she was getting late for meeting, instead of preparing entire set she could recollect few numbers from her memory and reconstructed following partial financial table:

Compute Interest for FY10 and FY12?

AInsufficient Information to compute

BFY10: INR50.53 Million; FY12:INR81.38 Million

CFY10: INR161.71 Million; FY12: INR252.27 Million

DFY10: INR17.47 Million; FY12:INR782.03 Million

Suggested Answer: D

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34 comments · newest first

Rusty 11 months ago

I’m leaning towards option B, looks solid!

Nidia 11 months ago

Wait, how can FY12 be over 780M? That seems off.

Elliott 12 months ago

I got FY10 as 50.53M too!

Kenny 12 months ago

I agree, option A seems right.

Barrie 1 year ago

I think we need more info to compute accurately.

Lino 1 year ago

I feel like I might have seen those exact numbers before, but I can’t remember the calculations we did. It’s tricky without the full table!

Avery 1 year ago

I’m leaning towards option B, but I’m a bit uncertain about the figures. Did we cover how to handle partial data like this?

Chandra 1 year ago

I think I saw a similar question in our last mock exam. If I recall correctly, we need to look at the principal and rate to compute the interest.

Florinda 1 year ago

I remember we practiced calculating interest based on financial tables, but I’m not sure if we have enough data here.

Pilar 1 year ago

Hmm, I'm not sure I have enough information to compute the interest for those two years. The partial financial table is missing some key details. I'll need to carefully consider my options and see if I can make a reasonable guess.

Caren 1 year ago

This is a challenging question, but I think I can figure it out. I'll need to make some assumptions based on the data provided, but I'm confident I can come up with a good estimate for the interest in FY10 and FY12.

Lenita 1 year ago

Okay, let me see what I can do here. I'll start by looking at the information I do have and see if I can use that to estimate the missing values. Hopefully, I can come up with a reasonable approach to solve this.

Idella 1 year ago

I'm a bit confused by the partial financial table. Without the full set of data, I'm not sure I can accurately compute the interest for those two fiscal years. I'll need to think this through step-by-step.

Alecia 1 year ago

Hmm, this looks tricky. I'll need to carefully review the information provided and see if I can piece together the missing details to calculate the interest for FY10 and FY12.

Breana 1 year ago

Whoa, talk about a messy situation! At least Ms. Mary Brown had the foresight to remember some key numbers. Now, if only she could remember where she left her coffee...

Vallie 1 year ago

↳ replying to Breana

A) Insufficient Information to compute

Maira 1 year ago

↳ replying to Breana

Oh wow, that's impressive that she could remember those numbers!

Gayla 1 year ago

↳ replying to Breana

B) FY10: INR50.53 Million; FY12:INR81.38 Million

Maynard 2 years ago

I'm going to go with option A. Trying to reconstruct the numbers from memory is a recipe for disaster. Better safe than sorry, right?

Annamae 1 year ago

↳ replying to Maynard

Yes, it's always better to have accurate information, especially when it comes to financial reports. Option A seems like the most logical choice.

Brendan 1 year ago

↳ replying to Maynard

I agree, it's better to be cautious in this situation. Accuracy is key when dealing with financial data.

Rima 1 year ago

↳ replying to Maynard

I think option A is the safest choice. It's risky to reconstruct numbers from memory.

Odette 2 years ago

Haha, option D is just ridiculous! FY12 interest being over 700 million? I don't think so. I'm going with option C, it seems the most plausible.

Luisa 2 years ago

↳ replying to Odette

Yeah, I also think option C is the most plausible choice given the situation.

Latrice 2 years ago

↳ replying to Odette

I agree, option D does seem quite exaggerated. Option C does seem more realistic.

Jackie 2 years ago

I'm not sure, I think it might be C) FY10: INR161.71 Million; FY12: INR252.27 Million

Aliza 2 years ago

Wait, I think I can use the information provided to calculate the interest. Let me try option B and see if I can get the right numbers.

Dalene 2 years ago

Okay, let's see. The financial table is incomplete, so I can't compute the interest for FY10 and FY12 accurately. I'll go with option A - Insufficient Information.

Brice 1 year ago

↳ replying to Dalene

Yes, option A is the most logical choice given the situation. Let's go with that.

Marge 2 years ago

↳ replying to Dalene

It's better to choose option A, as we can't accurately compute the interest without all the data.

Kerry 2 years ago

↳ replying to Dalene

I think we should go with option A as well, since we don't have all the necessary information.

Jolene 2 years ago

↳ replying to Dalene

I agree with you, the financial table is incomplete. Option A seems like the safest choice.

Izetta 2 years ago

I agree with Deeanna, the numbers seem to match the trend in the table

Deeanna 2 years ago

I think the answer is B) FY10: INR50.53 Million; FY12:INR81.38 Million

AIWMI CCRA-L2 Exam - Topic 3 Question 108 Discussion