BEC Study Group Q4 2014 - Page 45

Viewing 6 posts - 1,321 through 1,326 (of 1,326 total)
  • Author
    Posts
  • #626973
    Future Ninja
    Participant

    did you know that:

    SOX = focuses less on strategic operations and more on the financial reporting issues impacted by audit committee's competence, ethical behavior of senior officers and adequacy of Internal Control.

    #626974
    Future Ninja
    Participant

    did you know that:

    COSO = Treadway Commission = established by 5 Private Sponsoring Organizations to study factors that lead to fraudulent financial reporting.

    #626975
    rapk314
    Member

    Waiting for scores is agony, took BEC on 11/22, and I felt better after leaving BEC than I did when I left FAR (scored a 72), so hopefully I did enough to pass.

    Using Becker

    #626976
    Anonymous
    Inactive

    @rapk314

    took it a day before you, so i know how your feeling. the first week after, the wait didnt bother me but the last few days have been brutal. its hard to study my next section without knowing.i really dont know what to expect, felt exam was medium, medium (easier than first tho), and super hard. WCs were easy except one which was completely random. trying to stay positive, especially since i know what i have to do to pass next time but it would obviously be easier for me if i get it out of the way the first try.

    how did yours go?

    #626977
    rapk314
    Member

    Left feeling ok, totally agree it's hard studying without knowing. I sit for FAR on 1/05 so I need to buckle down, but I would really just like to know if I passed BEC. Hopefully scores are released tomorrow

    #3002289
    inviteyou
    Participant

    This is an old post but I just figured it out.
    A company that produces 10,000 units has fixed costs of $300,000, variable costs of $50 per unit, and a sales price of $85 per unit. After learning that its variable costs will increase by 20%, the company is considering an increase in production to 12,000 units. Which of the following statements is correct regarding the company’s next steps?

    If production is increased to 12,000 units, profits will increase by $50,000.

    If production is increased to 12,000 units, profits will increase by $100,000.

    If production remains at 10,000 units, profits will decrease by $50,000.

    If production remains at 10,000 units, profits will decrease by $100,000.

    If production remains at 10,000 units WITH the increase in VC it'll lose 100,000 in profit. What you do is compare, 10,000 units x 50 to 10,000 units x 60.
    850,000 – 500,000 = 350,000 CM or profit. 850,000 – 600,000 = 250,000, so that's a difference of 100,000, if project remains at 10,000. Took me a while to figure it out but wish I knew a short to solve.

    I guess the short cut is 10,000 units x 50 vs. 10,000 units x 60 and you'll know it'll be a difference of 100,000. I guess the way the question is set up you'd think you'd need to compare the 12,000 units x 25 to the 10,000 units x 35.

    practice, Practice, PRACTICE!
Viewing 6 posts - 1,321 through 1,326 (of 1,326 total)
  • You must be logged in to reply to this topic.