BEC Study Group Q1 2017

CPA Exam Forum BEC BEC Review BEC Study Group Q1 2017

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Viewing 30 posts - 31 through 60 (of 814 total)
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  • #1399091

    my time 2 shine
    Participant

    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!!!


    My time 2 shine right now!!!
    AUD - NINJA in Training
    BEC - 64
    FAR - NINJA in Training
    REG - 47
    #1399508
    #1399847
    A B D U L M A J I D
    A B D U L M A J I D
    Participant


    For all people who are suffering from save the Economic concepts

    https://www.youtube.com/watch?v=-zU1_1wmBHw&list=PLk2HHkzOXjFlGhAteA4RiyjD1tj837jho

    I like it ! looool


    BEC - (33, 24, 65, 65) !!
    If the plan doesn’t work, change the plan, but never the goal
    AUD - (46, May 25th)
    REG -
    FAR -
    #1399899
    A B D U L M A J I D
    A B D U L M A J I D
    Participant

    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?

    Answer: 80,000

    the explaination in Ninja MCQ was not that clear


    BEC - (33, 24, 65, 65) !!
    If the plan doesn’t work, change the plan, but never the goal
    AUD - (46, May 25th)
    REG -
    FAR -
    #1400058

    SONA
    Participant

    Can anyone tell me where is the practice question for Capital Budgeting in NINJA MCQs specifically.


    Thanks.
    AUD - NINJA in Training
    BEC - 66
    FAR - 74
    REG - 81
    #1400229

    jjjgolf500
    Participant

    The formula is (Fixed Costs + Desired Profit)/CM % = Sales

    (20,000 + 15%x)/40% = x

    x = 80,000


    Roger/Ninja MCQ
    AUD - NINJA in Training
    BEC - 77
    FAR - NINJA in Training
    REG - NINJA in Training
    #1400375

    Jsn3004
    Participant

    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.


    Experience is simply the name we give our mistakes.
    AUD - NINJA in Training
    BEC - 77
    FAR - 75
    REG - NINJA in Training
    #1400394

    WholeLifeWorks
    Participant

    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.


    -
    AUD - 82
    BEC - 89
    FAR - NINJA in Training
    REG - 88
    #1400549
    A B D U L M A J I D
    A B D U L M A J I D
    Participant

    Thanks jjjgolf500


    BEC - (33, 24, 65, 65) !!
    If the plan doesn’t work, change the plan, but never the goal
    AUD - (46, May 25th)
    REG -
    FAR -
    #1400784
    QueenCPA
    QueenCPA
    Participant

    Hi Everyone,

    Am I the only one struggling with the Strategic Planning questions?

    Any advice on how to ace this section 🙂 ?


    CPA:

    BEC - Passed

    REG - Passed

    AUD - Ninja in training

    FAR -  Ninja in waiting

    CMA:

    CMA 1 : Passed

    CMA 2: Ninja in training

    "And may the Lord our God show us his approval and make our efforts successful .Yes, make our efforts succe

    #1400810

    jjjgolf500
    Participant

    Hello,

    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.

    Thanks


    Roger/Ninja MCQ
    AUD - NINJA in Training
    BEC - 77
    FAR - NINJA in Training
    REG - NINJA in Training
    #1400855

    kjack8799
    Participant

    @jjjgolf500 click “Custom + Sims” button, “Questions selected from” drop down, and select “New Questions”.


    FAR - 66, 72, 76 - Expires 2/4/18
    AUD - 67, 75
    BEC - 72, 69, 81
    REG
    AUD - 75
    BEC - 81
    FAR - 76
    REG - NINJA in Training
    #1401161

    Jsn3004
    Participant

    Which one of the following is the annual rate of interest applicable when not taking trade credit terms of “2/10, net 30?”
    2.00%
    24.00%
    36.00%
    36.73%

    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.


    Experience is simply the name we give our mistakes.
    AUD - NINJA in Training
    BEC - 77
    FAR - 75
    REG - NINJA in Training
    #1401177

    anyatver
    Participant

    the formula is as folows:
    360/30-10*(.02/.98)=.3672 or 36.72%


    Hoping for the best and preparing for the worst!
    AUD - NINJA in Training
    BEC - 82
    FAR - NINJA in Training
    REG - NINJA in Training
    #1401204

    JMG
    Participant

    Hey everybody,
    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?


    Studying For The CPA: How To Lose Friends and Alienate People
    AUD - NINJA in Training
    BEC - 69
    FAR - NINJA in Training
    REG - 76
    #1401228

    anyatver
    Participant

    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!


    Hoping for the best and preparing for the worst!
    AUD - NINJA in Training
    BEC - 82
    FAR - NINJA in Training
    REG - NINJA in Training
    #1401315

    Test Your Might (AUD) – MCQ Giveaway on Facebook

    #1401321
    RyonT
    RyonT
    Participant

    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.


    CPAexcel & Ninja

    AUD 69, 73

    BEC 67

    FAR TBD

    REG TBD

     

    AUD - 73
    BEC - 67
    FAR - NINJA in Training
    REG - NINJA in Training
    #1401345

    SONA
    Participant

    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 🙁


    Thanks.
    AUD - NINJA in Training
    BEC - 66
    FAR - 74
    REG - 81
    #1401375

    my time 2 shine
    Participant

    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?


    My time 2 shine right now!!!
    AUD - NINJA in Training
    BEC - 64
    FAR - NINJA in Training
    REG - 47
    #1401407

    my time 2 shine
    Participant

    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.


    My time 2 shine right now!!!
    AUD - NINJA in Training
    BEC - 64
    FAR - NINJA in Training
    REG - 47
    #1401413
    ThomasHallberg
    ThomasHallberg
    Participant

    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!


    How does Santa's accountant value his sleigh? Net Present Value

    Good luck favors the prepared

    KPMG Audit

    AUD - 74
    BEC - 77
    FAR - NINJA in Training
    REG - 75
    #1401417

    my time 2 shine
    Participant

    It did thanks! Currency exchange rates tend to bring confusion.


    My time 2 shine right now!!!
    AUD - NINJA in Training
    BEC - 64
    FAR - NINJA in Training
    REG - 47
    #1401422

    ReineMossi
    Participant

    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?
    a.
    21,000
    b.
    22,600
    c.
    21,600
    d.
    21,960
    Explanation
    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 = 21,600


    Misscomptable
    #1401765
    ilovepho
    ilovepho
    Participant

    Hello,

    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 luck

    #1402013

    ReineMossi
    Participant

    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,


    Misscomptable
    #1402034

    Eli
    Participant

    @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!


    Hard work beats talent when talent doesn't work hard.

    AUD: 65

    BEC: 87

    REG: 66, 83

    FAR: 77

     

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    #1402227

    emackCPA
    Participant

    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. 🙂


    ALMOST TO FINISH LINE! WE ALL GOT THIS!
    AUD - 77
    BEC - 72
    FAR - 82
    REG - 78
    #1402361
    Nathalia
    Nathalia
    Participant

    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?


    AUD: 74, 75

    BEC: 81

    FAR: 64, 66, 76

    REG: 84

    #1402371
    ThomasHallberg
    ThomasHallberg
    Participant

    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.


    How does Santa's accountant value his sleigh? Net Present Value

    Good luck favors the prepared

    KPMG Audit

    AUD - 74
    BEC - 77
    FAR - NINJA in Training
    REG - 75
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