November 25, 2014 at 8:41 pm #626943AnonymousInactive
Johnny, just go to Prometric link NOW before they close those testing centers today, LOL.
I did the same thing last night, so I am testing on 12/6.November 25, 2014 at 8:56 pm #626944
@Amor D, I'm not going to reschedule all my exams, but its good to know that we can take an exam in December. I just tried a trial reschedule and all my test centers don't test in December. It must be something offered outside of my area.November 26, 2014 at 12:58 am #626945Kathy2014Participant
BEC tomorrow. Got 75% on the 1st Becker sample exam. I do not think I am ready for the exam. Are there many variance questions in the real exam? How do you budget your time during the 3 hour exam? Any advice?November 26, 2014 at 1:06 am #626946BEACPAParticipant
Greetings Future CPAs,
I'm writing to ask a question on the multiplier effect from a Becker perspective. In B5, on page 11, they state that the formula is 1/(1-MPC). I tried to apply this to the MCQ CPA-8312 (shown below) and I don't see how it applies. It is as if Becker left something out of their formula. Could any one help me with this? Thank you in advance for your time!
The full-employment gross domestic product is $1.3 trillion, and the actual gross domestic product is $1.2 trillion. The marginal propensity to consume is 0.8. When inflation is ignored, what increase in government expenditures is necessary to produce full employment?
BEACPANovember 26, 2014 at 1:58 am #626947NeverGiveUpCPAMember
Smart Co. uses a static budget. When actual sales are less than budget, Smart would report favorable variances on which of the following expense categories?
Sales commissions Building rent
A. Yes. Yes
B. Yes No
C. No. Yes
D. No. No
The answer was so vague on wiley. Can someone please explain it to me? Thz a lot!!November 26, 2014 at 2:01 am #626948
IS the answer B?
When compared to a static budget, the budget doesn't change hence static. Since they sold less than the static budget, the they will pay less sales commission because commissions are usually variable cost and are dependent on completed sales.
Building rent won't change because its a fixed cost.November 26, 2014 at 2:12 am #626949
Full employment is $1.3 trillion, but the actual GDP is $1.2 trillion. Therefore we are looking for an increase in investment (government expenditure) which after the multiplier effect will increase actual GDP by $100 billion.
The formula 1/(1-MPC) is the multiplier. So by plugging in the MPC from the question of 80%, we get the formula 1/(1-80%) which is 1/(.2) = 5. Therefore each dollar of additional government expenditure/investment would increase GDP by 5 dollars.
In order to increase GDP by $100 billion we would need additional GDP government expenditures of $20 billion (100/5).November 26, 2014 at 2:51 am #626950BEACPAParticipant
Thank you very much for taking the time to explain this to me. You did a great job at breaking it down into manageable pieces that flowed logically into the ultimate solution. You would be a great asset to Becker's team of instructors. Thank you again and have a Happy Thanksgiving!
BEACPANovember 26, 2014 at 4:02 am #626951NeverGiveUpCPAMember
@johnny_debt yes u r correct.
Thz for explaining it to me. I can tell u r ready for the exam!November 26, 2014 at 4:14 am #626952oblioMember
Packet filtering is often part of a firewall program for protecting a local network from unwanted intrusion.November 26, 2014 at 4:30 am #626953
Not sure I am ready, but do we ever feel ready for these things? Hopefully I do well.
Good luck all!November 26, 2014 at 5:05 am #626954November 27, 2014 at 12:11 am #626955SsbknycMember
Looking to start studying for BEC.. Any advice? I'm planning on studying dec1 and want to take the exam early jan..is this doable?November 27, 2014 at 1:29 am #626956icandoitParticipant
I failed BEC. I studied with Wiley textbook and Online Testbank (tried two times).
I don't know as to how I can get a passing score for this exam. I thought I passed… But the score was horrible. Since I can't spend much on study materials, which course review or material do you recommend?November 28, 2014 at 1:20 am #626957November 28, 2014 at 8:30 am #626958krokofilenMember
This is one hell of a long wait for Dec 9.
I walked out of the prometric centre with a feeling that I had passed BEC. Not sure if that's good or bad, since I have not been anywhere close to as positive after FAR, REG or AUD. So very exciting to see what the outcome will be.
I studied for 2.5 days.November 28, 2014 at 4:16 pm #626959Star86Participant
Does anyone have a good example or definition of an object-oriented database? I've tried Googling it, but can't seem to locate a description that's in layman's terms. Thanks.November 28, 2014 at 7:49 pm #626960younghMember
Anyone use Becker to study for this, and completely bomb the 2nd practice exam? That thing was insane, I was averaging high 80s and 90s on the progress tests, got a 76 average on the first practice exam, and then I get hit like a truck with the second one..November 28, 2014 at 8:53 pm #626961knotworthy91Member
same exact thing happened to me. There were questions on there that were absurd and didn't even seem relevant to the Becker material. I've been doing well on the progress tests as well, so that's keeping the confidence high. Those seem to replicate the exam experience much more than the final exam does.
I've only taken one exam so far, but from my experience on that one and from what I've always heard, the average person does much better on the actual exam than the Becker final exams.November 29, 2014 at 2:27 am #626962AnonymousInactive
Can someone help me with this? Thanks.
Does payback method take salvage value into account in calculating cash flows?
Here's what my book says and the last sentence in all caps below is getting me confused:
Fact No. 1: Salvage value is specifically considered as part of payback computations because it contributes to the incoming cash flow when the asset is sold.
Fact No. 2: Payback and bailout payback do not consider the TVOM or the return after the initial investment is recovered. THE DIFFERENCE BETWEEN THE TWO METHODS IS THAT BAILOUT PAYBACK TAKES SALVAGE VALUE INTO ACCOUNT IN CALCULATING CASH FLOWS.November 29, 2014 at 2:31 am #626963
@Amor D – The payback method does NOT take into account future cash flows. I studied Becker and haven't heard of the bailout method.November 29, 2014 at 2:44 am #626964AnonymousInactive
Which of the following statements is true regarding the payback method?
It is the time required to recover the investment and earn a profit.
It is a measure of how profitable one investment project is compared to another.
The salvage value of old equipment is ignored in the event of equipment replacement.
It does not consider the time value of money.
Choice “d” is correct. The payback method determines the number of years that it will take for a company to recoup or be paid back for its investment. The payback method does not consider the time value of money.
Choice “a” is incorrect. The payback method determines the number of years that it will take for a company to recoup or be paid back for its investment. Although the payback method focuses on liquidity, project cash flows after the initial investment are not considered; thus, profitability is ignored.
Choice “b” is incorrect. The payback method determines the number of years that it will take for a company to recoup or be paid back for its investment. Although the payback method focuses on liquidity, project cash flows after the initial investment are not considered; thus, profitability is ignored.
Choice “c” is incorrect. Salvage value is specifically considered as part of payback computations because it contributes to the incoming cash flow when the asset is sold.November 29, 2014 at 2:47 am #626965
Yep D is correct..since the payment method doesn't take into account the time value of money, it would not account for future cash flows.November 29, 2014 at 2:49 am #626966AnonymousInactive
I got it from Becker. It may be because I am still using V1.0. I don't want to switch to V2.0 since I already started the prior version.
Anyway, I just want to get clarification as to rather or not PBM uses salvage value in payback computations.
Thanks.November 29, 2014 at 2:53 am #626967
PBM does not account for the TVOM or future cash flows, that is why the PBM would not consider Salvage Value (which would be collected at the end of the asset's life)November 29, 2014 at 3:00 am #626968AnonymousInactive
Thanks for helping me get this straight.
But the “bailout payback” you said is nowhere found in CPA. LOL.
Never mind! It's probably from CFE, EA, EK, EKAK, whatever.
Thanks again.November 29, 2014 at 3:07 am #626969
I was saying I haven't heard of the Bailout method. Didn't see it on the exam either.November 29, 2014 at 7:45 am #626970win2betParticipant
I just started studying this a couple days ago after finishing REG and damn is this a slow tedious read, this coso internal control & just simply reading past couple pages of posts in here it looks like I'm in for a battleNovember 30, 2014 at 1:05 am #626971
@win2betmore i'm with you. I just started B1 and it looks like this is not a very easy subject.November 30, 2014 at 1:07 am #626972
did you know that:
SOX = REQUIRED public companies to have an Audit Committee
BEC Study Group Q4 2014 - Page 44
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