[jeff]

@h0wdyus

Incorrect

The answer is B. Comparable sales.

“The use of comparable sales is not an income approach to valuation of a business, it is a market approach. Under the comparable sales approach, the value of a business is determined by comparing it to other entities with comparable characteristics for which the value is more readily determinable.”

This was a tricky one

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

[RandomAlt]

@stoleway Correct

Basically everything was in that first line. They threw in a bunch of extra information to throw you off.

FAR - [10/07/2013 --> 66] [07/07/2014 --> 86]
BEC - [08/31/2014 --> 86]
AUD - [11/24/2014 --> 88]
REG - [02/14/2015 --> 92]

[h0wdyus]

Folks

I am reviewing this Sales forecasting and Regression and Multiple regression. What are your thoughts, do we need to know the what F-Stats mean and t- stats and other. Its quite crazy.

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

@h0wdyus

I think there are about 4 identifiable methods of preparing sales forecast, I will try to understand the basics, esp those methods but I wouldn't dive deep into it. Its not even covered in Gleim, but BEC questions can be pulled from anywhere.

Question…..

A bar code reader and modem are both examples of the following device(s)?

A Bus circuitry

B RAM and ROM

C Input/output devices

D Primary and secondary Storage

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

Mass-CPA

[WANNABE_CPA]

C?

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

[WANNABE_CPA]

Corbin Inc can issue three month commercial paper with a face value of $1000000 for $980000. Transaction costs would be $1200. The effective annualized percentage cost of the financing, based on a 360-day year would be ?

A. 8%

B. 8.65%

C. 8.48%

D. 2.16%

I cant understand the solution given in becker? How would you do it?

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

[stoleway]

C is correct but when did A bar code reader and modem became and input/output device?

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

Mass-CPA

[h0wdyus]

@stoleway

Bar code reader reads the code of the item you are scanning and puts it into ( inputs) it into a database , so input. Modem is a transmission in and out of data from the internet. Very loose wording again, but input output is the best choice

@ Wannabe is the answer C 8.48%

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

h0wdyus

How did you arrive at 8.48%?

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

Mass-CPA

[h0wdyus]

21200

---

x 100 x 4 ( quarters) to annualize it

1000000

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

Again, how did you get 21200? lol…I don't get it

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

Mass-CPA

[WANNABE_CPA]

Answer is B..8.65%

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

[h0wdyus]

@stoleway

1,000,000 – 980,000 = 20,000

20,000 + 1200 = 21200

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[stoleway]

@WANNABE_CPA

What was the solution?

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

Mass-CPA

[WANNABE_CPA]

@howdy the numerator is correct 21200 but why? There is no mention of this thing in the text..i just knew that it is to be deducted from denomenator …i thought it would be 20000/978800

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

[WANNABE_CPA]

Please first tell me how to copy/ paste from becker…too time consuming to type all question and solutions lol

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

[Author]

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