Actuarial Outpost > SoA Can-Do Task 7
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#11
07-10-2011, 04:51 PM
 actuaryhenri Member Join Date: Sep 2008 Posts: 41
Help!!

I am also stuck on Task 7 and I'm in near panic mode!
Can anybody give any insight as how to how to check the new assumptions??
#12
07-10-2011, 08:20 PM
 ThenRollanEight Member SOA CCA AAA Join Date: Nov 2008 Studying for RP-DA US Favorite beer: Blackened and Crimson Voodoo Posts: 125

Quote:
 Originally Posted by actuaryhenri I am also stuck on Task 7 and I'm in near panic mode! Can anybody give any insight as how to how to check the new assumptions??
are we checking or coming up revised assumptions?

Also ask yourself "How important is the accuracy of the new assumptions?"
#13
08-16-2011, 12:56 AM
 missactsci Member SOA Join Date: Aug 2007 Studying for LP Posts: 81

Can someone who has done this please help me?? I know labor costs need to be revised but I'm not sure how ....
#14
08-17-2011, 06:12 AM
 AlexLeeDT SOA Join Date: Aug 2011 Posts: 13

Quote:
 Originally Posted by missactsci Can someone who has done this please help me?? I know labor costs need to be revised but I'm not sure how ....
#15
08-27-2011, 09:53 AM
 Ouling Member Join Date: Sep 2009 Posts: 134

In Task 7, do we have to convert all the expenses into \$US first or

For example, the cost of two shift is now:

1,460,000*1.1 + 4200*1.1 * G ???

While the revenue for 2 shift is

G * 400 tons * Gold/Ton * 1.1?

OOOORRRRRR

Are the expenses already in the \$Can currency with the exception of
gold prices. If this was the case then shouldn't we use:

1,460,000 (\$Can) + 4200 (\$Can) * G (\$US) * 1.1 (Can/US) ?????

or

1,460,000 (\$Can) + 4200 (\$Can) * G (\$US)

is the revenue still:

G (\$US) * 400 tons * Gold/Ton * 1.1 (\$Can/\$US)?

THANKS!!!

Last edited by Ouling; 08-27-2011 at 09:56 AM..
#16
12-17-2012, 05:43 PM
 its_me Member Join Date: Jan 2003 Location: AO Posts: 2,163

I have no idea.
__________________
Everyone dreams. Some people are just more active participants.
#17
12-17-2012, 05:55 PM
 McBride Member CAS SOA Join Date: Oct 2006 Posts: 73

They are in \$Can already. No need for conversion.

 Tags can-do, final assessment, task 7