[jeff]

I’ve had a few requests for April/May Study Groups…March will be here before you know it.

In order to take an early April exam, you should begin studying…now. 🙂

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Determined CPA]

I bought the becker final review and theres a good section on that. It's really not hard. I'm at work but will share tonight. I think itll help.

A - 75
B - 78 God is good.
F - 77 Answered prayers.
R - 84! Done!!

Paperwork sent - waiting for license!!
Still on a cloud and in shock. Through God, all things will happen.

[titoav15]

@Determined CPA that would be awesome, thanks!

BEC: 5/21/14 82! PASSED HALF WAY THERE!
FAR: 4/2/15 80! Almost there!
AUD: 69, 74, 4/3/14 81! PASSED
REG: TBD

[titoav15]

The purchase of treasury stock with a firm's surplus cash:

increases a firm's assets. <— selected this as my answer

increases a firm's financial leverage. <— correct answer

Can someone tell me why in the world this is the answer?!

Explination:

Treasury stock is shares of the firm's own stock held by the firm.

The firm's financial leverage increases because the debt-to-equity ratio increases (as a result of the decrease in total stockholders' equity).

How does it lower total stockholders' equity?

BEC: 5/21/14 82! PASSED HALF WAY THERE!
FAR: 4/2/15 80! Almost there!
AUD: 69, 74, 4/3/14 81! PASSED
REG: TBD

[titoav15]

Exam tomorrow morning… here we go!!!

BEC: 5/21/14 82! PASSED HALF WAY THERE!
FAR: 4/2/15 80! Almost there!
AUD: 69, 74, 4/3/14 81! PASSED
REG: TBD

[scarletknight91]

titoav15, there are less shares outstanding when you purchase treasury stock meaning that earnings will be higher per share since there are less shares to be accounted for in the eps caluclation. prob too late to read this but i thought id answer it anyway.. best of luck today

FAR: PASSED
REG: PASSED
AUD: PASSED
BEC: PASSED

DONE

[Determined CPA]

titoav15 – im so sorry I missed you with the factoring! Last night was super busy! Hope you test goes well and I wish you the best of luck!!

A - 75
B - 78 God is good.
F - 77 Answered prayers.
R - 84! Done!!

Paperwork sent - waiting for license!!
Still on a cloud and in shock. Through God, all things will happen.

[Anonymous]

Did all the Corporate Governance MCQs and scored 84%. Not too bad!

[lacyscrawford]

I am really stressing over the sims for Sunday's exam! I've scored high on MCQs in the Wiley test bank, but the writing is killing me. I don't have an issue with it at work, but I know it's what killed my grade during my last attempt.

REGx2 1/19/2013 (77)
AUD 2/24/13 (76)
FAR 2/28/14 (77)
BECx2 1/19/14 (70) 5/25/14 ?

[Anonymous]

Take this for what it's worth as I still haven't taken BEC. Focus mainly on structure of your writings. There are lots of tips on this website regarding this. I think reading the reference for the Wiley questions will help as well. This way you can BS your way through the WC.

[voigtma]

Don't stress the written communication. Here are some good tips:

Created with Compare Ninja

FAR 79 (Feb 2013)
AUD 77 (Aug 2013)
REG 75 (May 2014)
BEC 79 (June 2014!!!!!!!!!!!!!!!)

[lacyscrawford]

Thank you Voigtma! That was helpful. In January, I thought I passed BEC when I took it. I was completely floored when I received a 70. Somehow I passed FAR in February, which I didn't feel I was ready for. I'm just ready to be done! This is my final one. If I don't pass by July, I lose credit for AUD and REG.

REGx2 1/19/2013 (77)
AUD 2/24/13 (76)
FAR 2/28/14 (77)
BECx2 1/19/14 (70) 5/25/14 ?

[titoav15]

Just came back from the exam… Got mixed feelings about it. I would say sections were easy, super hard, medium. The writing section was easier than I expected, which givesme hope that I passed. I would say there were maybe 4-5 wtf questions, but I guessed on maybe total of 8-10. Walked out of there feeling kind of crummy but when i tookthe calculator out and did some math guessing of what i need to get to pass I felt a bit better. Not even sure what to do now… Should i keep studying bec or move on to far?

BEC: 5/21/14 82! PASSED HALF WAY THERE!
FAR: 4/2/15 80! Almost there!
AUD: 69, 74, 4/3/14 81! PASSED
REG: TBD

[MrsBing]

Why is the $20,000 fixed costs irrelevant to this decision?

Bruell Electronics Co. is developing a new product, surge protectors for high-voltage electrical flows. The following cost information relates to the product.

Unit Costs:

Direct materials

$3.25

Direct labor

4.00

Distribution

.75

The company will also be absorbing $120,000 of additional fixed-costs associated with this new product. A corporate fixed charge of $20,000 currently absorbed by other products will be allocated to this new product.

If the selling price is $14 per unit, the breakeven point in units (rounded to the nearest hundred) for surge protectors is:

a.23,300 units.

b.20,000 units.

c.10,000 units.

d.15,000 units.

Explanation

Choice “b” is correct. $20,000 units.

Price $14.00

Direct materials (3.25)

Direct labor (4.00)

Distribution ( .75)

Contribution margin $6.00

Additional “fixed” costs $120,000

Contribution margin ÷ 6

Units to breakeven 20,000

Note: The $20,000 of allocated fixed costs are irrelevant.

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[wantCPA]

Hey guys – Are any of you just using Wiley Test Bank to prep for the test?

I am getting very anxious that it might be not enough 🙁

BEC 5.31
FAR 86
REG 84
AUD 78

[wantCPA]

Hey guys – Are any of you just using Wiley Test Bank to prep for the test?

I am getting very anxious that it might be not enough 🙁

BEC 5.31
FAR 86
REG 84
AUD 78

[Author]

Replies