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Thanks.

Sorry FINS2624 is Portfolio Management, FINS2643 is Wealth Management. Didn't realise there was a prerequisite for Wealth Management.... that makes my choice a little easier then!!!

Can't decide which to take in S2. Anyone taken both / either and got any suggestions?

I am a student in FINS1612 - who happened to get the question you are talking about correct..... not sure what 'troll' is?

Definitely not a lecturer, just a kid who doesn't like to be pushed around by you....

??? I opened my account because I was wanted to see if I could get any hints for the end of session exams..... I didn't mean to get drawn into some sort of contest with you, but I just can't help your attitude. Do the lecturers even know these websites exist?? I hope not with some of the...

Since I now live in a democratic country, maybe I can put this to the vote. Who is stupid: a) Someone who ignores the example we covered in tutorial, assumes that profit is 'always' after tax, does calculation, and then just guesses at answer (incorrectly I presume) when the calculated answer...

Delusional....:sleep:

Maybe fortune cookie will accept he / she is wrong?!? Shouldn't hold breath waiting.... :spzz:

Maybe you didn't read the SMH article - the profit in title/headline is $2.83bn, the net-profit referred to in article is $2.05bn. Some difference, and not rounding down..... Maybe you misread quiz question too?

No point in arguing with person.... Maybe you got title of thread wrong.

Yes - but the SMH article reports Profit in the headline, and Net Profit in the story (Net Profit is profit AFTER tax - see the definition in Wikipedia if you don't believe me). So that must mean that the profit in the headline is BEFORE tax. Now who's stupid? :awesome:

Yes - but that is earnings..... earnings / net income are not necessarily the same as profits!?!? :p Maybe you should do ACCT1501?! Surely the fact that we are both able to provide examples shows that you were wrong to make that assumption? 'Always' is a strong word.....

Sure they don't scale you down unless too many of us are getting HD - even then I'm not certain it is common situation.

What do you think that net profit is then?? The article talks about profit, cash-profit and net-profit (after tax) so how can you say profit is 'always' after tax? :confused: WilliamWu123 is right, maybe you should spend more time :read: for the end of session quiz?

Just wanted to point out that not everyone assumes that profit is 'after-tax' like you say?! :tongue:

http://www.smh.com.au/business/nab-posts-283b-cash-profit-20120510-1ydvk.html

Pretty sure it's standard practice for the lecturer in charge to forward emails to the most relevant person to deal with your case? Maybe the journalists at the SMH need to go back to school too since they refer to profits and net-profits (i.e. after tax) in their articles...