[Anonymous]

For anyone who’s interested or is taking BEC soon and wants to practice. We did this in the Q2 FAR group and it was really helpful, especially for memorizing formulas, which as we all know, BEC is heavy with. Answer or ask your own question! Just be sure to come back on here and let the person who answered know if they were right or wrong 🙂

I’ll start it off:

What is the formula to calculate Marginal Propensity to Consume (MPC)?

[Anonymous]

Yep, (Income/Sales) x (Sales/Capital) is equivalent to (Income/Capital).

[Anonymous]

What are the differences between weighted average and FIFO for equivalent unit calculations, and what costs (current, beginning, or both) are used for each method?

[Anonymous]

LOL, I was responding to Peters question about my math 🙂 I Actually didn't think of plugging numbers but that could be really useful

[Anonymous]

WA= costs completed & transferred out + ending WIP*% complete

FIFO= beg costs*%to be completed+ [costs completed & transferred out-beginning WIP units]+ ending WIP*%complete

WA Cost/EU: Beginning Costs + Current Costs/EU

FIFO Cost/EU: Current Costs/EU

[Anonymous]

What's the formula for the dividend discount model?

[zumbasweety]

Just a heads-up, ask some questions on shifts in demand and supply with various income levels, etc.

FAR 82
REG 76
BEC 71, 78 (There is a light!!!)
AUD 69, 83 (DONE!!!!)

[M.O.D.]

rate of return = (next year's dividend/market value of stock) + dividend growth rate

Question:

If a product is an inferior product, and incomes fall, does demand increase or decrease?

BA Mathematics, UC Berkeley
Certificates in CPA and EA preparation, College of San Mateo
CMA I 420, II 470
FAR 91, AUD Feb 2015 (Gleim self-study)

[zumbasweety]

Well, I can't because if I type a question, it will be what I remember directly from the exam. Just be very familiar with how various shifts in personal income, household income will affect the supply and demand curves.

FAR 82
REG 76
BEC 71, 78 (There is a light!!!)
AUD 69, 83 (DONE!!!!)

[M.O.D.]

Question:

If a product is an inferior product, and incomes fall, does demand increase or decrease?

BA Mathematics, UC Berkeley
Certificates in CPA and EA preparation, College of San Mateo
CMA I 420, II 470
FAR 91, AUD Feb 2015 (Gleim self-study)

[Anonymous]

The demand would increase

[stoleway]

I second Amanda…demand will increase

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Anonymous]

Yep demand would increase for inferior products (cost is lower to consumers), when income falls.

[Anonymous]

If GDP was falling, while price was rising, what would that indicate, in terms of shifting?

[Anonymous]

Shift left in AD.

[WANNABE_CPA]

@Amanda…good work of starting this thread…resembles what we had for FAR..but i can hardly participate right now as i am just soo far behind most of the stuff i havnt covered yet 🙁

Cant wait to contribute in this thread..

FAR : 68, 74, 83 Thank you God 🙂
BEC : 78 (8/27) 🙂
REG : 72 ,80 (2/25) 🙂
AUD : 69,67, 07/23

[Author]

Replies