BEC Study Group Q3 2016 - Page 5

Viewing 15 replies - 61 through 75 (of 219 total)
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  • #785148
    cpa007
    Participant

    @allison213
    I do not understand this part ,why we divide (619.2)/100,500 = (0.006).
    Also I did fine another explanation to this Q.Why the ans is different to same Q?

    A hospital is comparing last year's emergency rescue services expenditures to those from 10 years ago. Last year's expenditures were $100,500. Ten years ago, the expenditures were $72,800. The CPI for last year is 168.5 as compared to 121.3 ten years ago. After adjusting for inflation, what percentage change occurred in expenditures for emergency rescue services?

    The consumer price index (CPI) is a measure of the overall cost of a fixed basket of goods and services purchased by an average household. The inflation rate is calculated as the percentage change in the CPI from one period to the next. By extension, nominal costs can be deflated to price level adjusted amounts by dividing a base year price index by the current year price index

    Base Year 72,800- (current year cost times the ratio of base to current year indices: 100,500 * (121.3/168.5)=difference (452)`
    Thanks!

    Hope and determination will lead to success.
    #785149
    Anonymous
    Inactive

    Hi cpa007, the only difference is that in that explanation they brought last year's costs down to the dollar value from 10 years ago, whereas in my explanation I brought the 72,800 up to last year's dollar value. It gets you to -0.6% either way, the important thing is just that you have to either inflate or deflate one of the amounts so that they are both in the same terms.

    #785150
    cpa007
    Participant

    allison213
    Thanks , really appreciate your response. Good luck!

    Hope and determination will lead to success.
    #785151
    Anonymous
    Inactive

    @mckan514w Oh well! Thanks!!!

    #785152
    Just3Letters
    Participant

    Hey everyone, just figured I'd drop in and say hi!

    I started BEC yesterday so I'll be joining this crew now 🙂

    Anyways, I started work on Wednesday as well and I'm trying to test in about 6 weeks before it gets too crazy at work but we'll see. I'm considering moving my exam date but it's pretty impossible to determine how the hours are going to be with a new firm.

    Looking forward to this cost accounting stuff!

    AUD - 89
    BEC - 80
    FAR - 81
    REG - 81
    I hope my friends remember my name.

    FAR- 81
    REG- 81
    BEC- Aug 22, 2016
    AUD- TBD

    #785153
    cpa007
    Participant

    Can some help me with this Q.Thanks in advance.Ans A $425000
    A company uses its fixed assets of $1,000,000 at 95% capacity to generate sales of $2,000,000. The company wishes to generate sales of $3,000,000. What amount of additional fixed assets must be acquired, assuming that all fixed assets will operate at maximum capacity?

    $425,000

    $475,000

    $500,000

    $578,000

    Hope and determination will lead to success.
    #785154
    Spartans92
    Participant

    Hey Just3, hope your new job is treating you well! And Good Luck with BEC. I am sure u will knock it out of the ballpark. 🙂

    BEC - 76
    REG- 67, 85
    AUD-63, 74, 80!!
    FAR-65, 62, 57, 79

    3 down 1 more to go. BEC is on the Line 🙁

    BEC- PASS

    #785155
    mckan514w
    Participant

    Good to “see you” in here Just3! Hope work is going well for you!

    CPA007 so they want to know if $1M of assets at 95% generates 2M in sales then how much at 100% capacity would generate 3M in sales
    thus you set the ratios up agains each other 1M(.95)/2M=.475= X/3M
    X=1.425M You already have 1M in assets so you must purchase 425 more in order to generate 3M in sales

    And they ask me why I drink

    BEC 71, 82
    AUD 75
    REG 75
    FAR 61, 69, 83

    and they ask me why I drink...

    FAR- 61-next time I'll ask for lube instead of a calculator
    REG-75- Never been so happy to see such a low grade
    BEC- 8/11
    AUD- 9/2

    #785156
    Just3Letters
    Participant

    This EU cost allocation stuff is killing me. I can easily compute EU but then the “WA cost or FIFO cost in ending inventory or WIP or whatever” part is totally mind-boggling to me.

    Ugh.

    AUD - 89
    BEC - 80
    FAR - 81
    REG - 81
    I hope my friends remember my name.

    FAR- 81
    REG- 81
    BEC- Aug 22, 2016
    AUD- TBD

    #785157
    Spartans92
    Participant

    Just3, Weighted Average vs FIFO the difference is WA includes the Beginning cost. I can say the same for REG. Corporation tax is killing me.. although I am on B-LAW but can't stop thinking about R3 LOL. Need to start reviewing. Do you think it is important to do all the Simulations?

    I keep falling behind schedule 🙁 Have to practice the DRS stuff.

    BEC - 76
    REG- 67, 85
    AUD-63, 74, 80!!
    FAR-65, 62, 57, 79

    3 down 1 more to go. BEC is on the Line 🙁

    BEC- PASS

    #785158
    Just3Letters
    Participant

    Ugh. I just need to keep practicing but the Becker MCQ seem super long and difficult compared to the other two sections I've done.

    For Reg, I would say the sims helped me learn a lot more than they did in Far. My answer is go through each sim in R1-R4 once or maybe twice for R3 since that is a tough spot for you. Obviously don't do Blaw or ethics sims.

    People kept telling me to print out and review the tax forms such as reconciliations and partnership/corporate returns and I didn't because I thought that was a little too much. I regret that and I probably failed because of that

    Anyways, you got this!

    AUD - 89
    BEC - 80
    FAR - 81
    REG - 81
    I hope my friends remember my name.

    FAR- 81
    REG- 81
    BEC- Aug 22, 2016
    AUD- TBD

    #785159
    MaLoTu
    Participant

    Just3… I totally feel you on the long BEC problems. I check out halfway through a lot of them, lol. I Need to get serious. Tomorrow I will start B2.

    Almost always from my phone... please excuse my typos!

    All 4 passed - 2016

    CA CPA

    #785160
    Just3Letters
    Participant

    MaLoTu,

    I'm glad somebody understands my struggle! I'm just making sure to take very good notes and then retake some of those notes on notecards. I understand stuff much better when it gets written down a couple times! The homework is still rough though…

    AUD - 89
    BEC - 80
    FAR - 81
    REG - 81
    I hope my friends remember my name.

    FAR- 81
    REG- 81
    BEC- Aug 22, 2016
    AUD- TBD

    #785161
    mckan514w
    Participant

    another day of studying- another day of zoning out in the middle of the question and getting it wrong because I failed to grasp what they were asking…. Glad to see I'm not alone in the struggle to get through these things… it is really shaking my confidence

    And they ask me why I drink

    BEC 71, 82
    AUD 75
    REG 75
    FAR 61, 69, 83

    and they ask me why I drink...

    FAR- 61-next time I'll ask for lube instead of a calculator
    REG-75- Never been so happy to see such a low grade
    BEC- 8/11
    AUD- 9/2

    #785162
    Spartans92
    Participant

    Mckan, I finished watching a 30 min lecture and was going to take a 15 min nap. Turned out to be 2 hour. I wasted 2 hours of my day 🙁

    BEC - 76
    REG- 67, 85
    AUD-63, 74, 80!!
    FAR-65, 62, 57, 79

    3 down 1 more to go. BEC is on the Line 🙁

    BEC- PASS

Viewing 15 replies - 61 through 75 (of 219 total)
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