BEC Study Group Q1 2017
December 22, 2016 at 9:27 pm #1399091
Believe it or not, if you know the content, it's mainly making complete sentences that hits all the questions within the writing topic. Work the MCQs enough and the writing will come easy. You got it!!!December 23, 2016 at 4:31 pm #1399508
jeff @ another71.comKeymaster
2017 Update Video:December 24, 2016 at 5:22 pm #1399847
For all people who are suffering from save the Economic concepts
I like it ! loooolDecember 24, 2016 at 9:08 pm #1399899
Anyone can help me how to get the answer ??
Brewster Co. has the following financial information:
Fixed costs $20,000
Variable costs 60%
Sales price $50
What amount of sales is required for Brewster to achieve a 15% return on sales?
the explaination in Ninja MCQ was not that clearDecember 25, 2016 at 2:13 pm #1400058
Can anyone tell me where is the practice question for Capital Budgeting in NINJA MCQs specifically.December 26, 2016 at 9:54 am #1400229
The formula is (Fixed Costs + Desired Profit)/CM % = Sales
(20,000 + 15%x)/40% = x
x = 80,000December 26, 2016 at 2:52 pm #1400375
An entity is examining potential investments and notes that 1‐year maturity yields are higher than those for 10‐year maturities. Which of the following explanations for this occurrence is best?
The short‐term investments have higher liquidity and therefore carry a higher rate of interest.
The short‐term investments carry a more immediate default risk premium resulting in higher rates of return.
The long‐term instruments provide a longer stream of investment income and therefore carry a lower rate of return.
Investors are expecting reduced inflation in the future as reflected in the lower long‐term returns.
Answer: D. Can someone please explain why the answer is D and not B? To me it just seems obvious that the answer is B. I figured if an investment carries more risk, then interest would be higher.December 26, 2016 at 3:17 pm #1400394
The default risk is related to the credit rating of the borrower. The default risk for U.S. Government bonds is normally considered zero regardless of the maturity of the instrument. This effectively eliminates “B” as a possible answer. Inflation expectations would still affect the yields.December 26, 2016 at 10:27 pm #1400549
Thanks jjjgolf500December 27, 2016 at 2:12 pm #1400784
Am I the only one struggling with the Strategic Planning questions?
Any advice on how to ace this section 🙂 ?December 27, 2016 at 2:34 pm #1400810
Wondering if there is a way to ONLY choose question you HAVE NOT seen when starting a MCQ quiz on NINJA? If so, I must be missing something.
ThanksDecember 27, 2016 at 3:22 pm #1400855
@jjjgolf500 click “Custom + Sims” button, “Questions selected from” drop down, and select “New Questions”.December 28, 2016 at 8:50 am #1401161
Which one of the following is the annual rate of interest applicable when not taking trade credit terms of “2/10, net 30?”
The answer is D. Can someone please explain why though. I was able to mess with some numbers and get to 36.73% but I don't know why that is the answer. I've been pretty disappointed in CPA Excel's new format of MCQs. Many of the questions that require math give pretty subpar explanations.December 28, 2016 at 9:33 am #1401177
the formula is as folows:
360/30-10*(.02/.98)=.3672 or 36.72%December 28, 2016 at 10:03 am #1401204
I just scheduled BEC for March 5, it will be my first attempt. I'm also taking REG some time around mid January. Hopefully I can knock both of these out before the April changes. Currently using Becker and Ninja MCQs. Looking to be more active in this group once REG is done.
Just curious, how much time is everybody putting in for BEC?December 28, 2016 at 10:31 am #1401228
I feel like I put countless hours since I started studying at the very end of October! My test isn't until 1/21..In the last week I put in 23 hours into Ninja MCQs plus at least 15 hours each chapter in Becker, at least… I am hitting a wall hard, but need to keep going!December 28, 2016 at 12:17 pm #1401315
jeff @ another71.comKeymaster
Test Your Might (AUD) – MCQ Giveaway on FacebookDecember 28, 2016 at 12:27 pm #1401321
Right now I'm at around 62 hours with about another 25 to get through the material. Then I will have about 3 weeks to review. I would estimate I'm going to have around 120 hours by the time I get to my exam on 1/23.December 28, 2016 at 12:41 pm #1401345
Oh my god. Will B2 and B3 sink in my brain anytime. Feels like just starring at the question and clicking only the answers which shows “Yellow”. I have exam 1/3/2017 and feels like just hitting my brain on the wall endlessly. From today only nonstop NINJAMCQ and atleast 3 writing task. No matter how hard i want to learn its not sinking, and if it sinks in my brain then the following day I forget it.
I don't know if this effort take me to 75 🙁December 28, 2016 at 1:12 pm #1401375
What is the effect on prices of U.S. imports and exports when the dollar depreciates?
A. Import prices will decrease and export prices will increase.
B. Import prices will increase and export prices will decrease.
C. Import prices and export prices will increase.
D. Import prices and export prices will decrease.
The answer is B but I am not understanding the thought behind this question?December 28, 2016 at 1:28 pm #1401407
A company manufactures goods in Esland for sale to consumers in Woostland. Currently, the economy of Esland is booming and imports are rising rapidly. Woostland is experiencing an economic recession, and its imports are declining. How will the Esland currency, $E, react with respect to the Woostland currency, $W?
A. Changes in imports and exports will not affect currency changes.
B. The $E will remain constant with respect to the $W.
C. The $E will increase with respect to the $W.
D. The $E will decline with respect to the $W.
The answer is D but this question is blowing my mind a bit. How do you know which country is considered the domestic country and which is the foreign country? How do you breakdown the question to figure out what is being asked.December 28, 2016 at 1:31 pm #1401413
As the US dollar decreases, it becomes more attractive to foreign currencies because other countries can purchase more US goods (because foriegn currencies have become stronger relative to the US dollar). Since the US dollar has deprieciated, foreign goods have become more expensive relative to US dollar. This has the effect of increased prices in US imports. The same effect is for exports, US goods we export are cheaper relative to foreign currencies because the dollar is weaker. Hope this helps!December 28, 2016 at 1:33 pm #1401417
It did thanks! Currency exchange rates tend to bring confusion.December 28, 2016 at 1:39 pm #1401422
This is Becker…
Why aren't we using the change? I thought I would find the FC for prior year then increase that by 10%
A ceramics manufacturer sold cups last year for $7.50 each. Variable costs of manufacturing were $2.25 per unit. The company needed to sell 20,000 cups to break even. Net income was $5,040. This year, the company expects the following changes: sales price per cup to be $9.00; variable manufacturing costs to increase 33.3%; fixed costs to increase 10%; and the income tax rate to remain at 40%. Sales in the coming year are expected to exceed last year's sales by 1,000 units. How many units does the company expect to sell this year?
Choice “b” is correct. Current year sales (in units) are expected to be 22,600, 1,000 more than the 21,600 units sold in the current year. The 21,600 units sold last year is derived from computations of last year sales in units based on last year cost structure data as follows (note that current year increases are irrelevant):
Step 1: Calculate last year's contribution margin per unit (CM/unit)
CM/unit = Sales price per unit − Variable cost per unit = $7.50 − $2.25 = $5.25
Step 2: Determine last year's fixed costs using the breakeven formula
Breakeven units = Fixed costs / Contribution margin per unit
20,000 = Fixed costs / $5.25
Fixed costs = 20,000 × $5.25 = $105,000
Step 3: Calculate last year's before-tax profit
Before-tax profit = After-tax profit / (1 − tax rate)
Before-tax profit = $5,040 / 60% = $8,400
Step 4: Calculate units sold last year
Units sold to achieve profit = (Fixed costs + Profit) / Contribution margin per unit
Units sold last year = ($105,000 + $8,400) / $5.25 = 21,600December 28, 2016 at 4:05 pm #1401765
Exam in Feb 13th
Going back to work for the busy season will start in Jan 3rd.
And im running out of time cause i wont have too much time to study while working. So im learning from flashcard first then read becker. wish me luckDecember 28, 2016 at 8:44 pm #1402013
Good luck ILOVEPHO – Busy season start for me too, I have to take BEC before we start getting packages from clients. I am basically not going to enjoy the holidays , I hope its worth it,December 28, 2016 at 9:20 pm #1402034
@my time 2 shine:
For this problem I don’t believe knowing which country is domestic or foreign is relevant. Since Woostland is experiencing a recession and its imports are declining, this results in Woostland consumers trading less $W for $E currency. When you import products from a foreign country, you need to trade your currency for another currency in order to obtain the products. So, when the demand for $E declines, this will put downward pressure (AKA depreciates) on the currency because there is a greater supply of the currency than there is a demand for it. Thus the correct answer is D.
Answers A and B should be fairly obvious answers to eliminate right away.
IF answer C. wrote ‘$W will increase with respect to $E’, this would be another correct answer. Because Esland’s economy is experiencing rapid importing, this means they will need to convert $E into $W to buy Woostlands products. When this happens it will put upward pressure (appreciation) on $W because its currency is high in demand. Hopefully this explanation makes sense!December 29, 2016 at 9:49 am #1402227
Retaking BEC and hopefully will be done with my CPA passage all before the new test is rolled in Q2. Failed in Q4 with a 70 :/. Ready to have my life back. Don't give up newly ninjas! It will be all worth it in the end! This is what I keep telling myself as well. 🙂December 29, 2016 at 1:20 pm #1402361
Currently doing Becker B3: Financial Management MCQs and I cannot wrap my head around NPV, IRR, and all the other concepts in that first section.. ANy tips?December 29, 2016 at 1:34 pm #1402371
Reading about NPV vs IRR in Becker gets confusing. Just do as many MCQ's as possible and it will eventually click. All the different types of tax benefits that you add as inflows are easier to memorize when you do the problem to get the gist of what the goal is.
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