[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

[stoleway]

Caroline Brown, the product manager for a U.S. computer manufacturer, is being asked to quote prices of desktop computers to be used in Kuwait. The Kuwaiti government wants the price quoted in British pounds, for delivery next year. Brown knows that the general price level in the United States is expected to increase by 3%. Her banker forecasts that the British pound will depreciate about 5% this year with respect to the U.S. dollar. If Brown is able to quote 700 pounds for immediate delivery, the price that should be quoted for delivery to Kuwait next year is:

A.

about 735 pounds.

B.

about 721 pounds.

C.

about 757 pounds.

D.

about 745 pounds.

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

Mass-CPA

[RandomAlt]

Interest rate risk is the risk that the value of an investment will go down when interest rates change.

When the interest rate was fixed, the bank had all the risk. If interest rates went up in the market, the value of the mortgages they held (investment) would go down.

After switching to variable, if interest rates in the market rise, the interest rate of the investment also rises.

In essence, the bank has transferred the risk to the homeowner.

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]

is the answer 757 pounds C

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

FROM NJ

[stoleway]

correct

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

Mass-CPA

[h0wdyus]

700 pounds increased by 3 % price level increase . is 721.

Then another 5% increase of 721 for pound devaluation .

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

FROM NJ

[stoleway]

A key rationale or cause for the changing pattern of investment in agriculture by sovereign wealth funds would be:

A.

to create markets for the output of their farmers in the countries where they are investing by attaching conditions to the loans that require those nations to make specific commodity purchases.

B.

to ensure food security in the event that crop shortages would cause export bans that might curtail their ability to import crops.

C.

to ensure getting the products at lower prices in the event that crop shortages caused price spikes in commodity markets.

D.

to support the countries in which they are investing to produce cash crops that can be used for domestic consumption to provide for a better level of food security for the emerging market economy in which the investment took place as part of United Nations efforts to improve world food securi

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

Mass-CPA

[h0wdyus]

C is my guess

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

FROM NJ

[stoleway]

Answer is B, vague questions like this is the reason why I keep failing…bleh

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

Mass-CPA

[h0wdyus]

I would like a test with more calculations than these stupid theory questions.

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

FROM NJ

[WANNABE_CPA]

which topic is that question from economics?

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

[WANNABE_CPA]

Which of the following is the primary reason that many auditors hesitate to use embedded audit modules?

A.

Embedded audit modules cannot be protected from computer viruses.

B.

Auditors are required to monitor embedded audit modules continuously to obtain valid results.

C.

Embedded audit modules can easily be modified through management tampering.

D.

Auditors are required to be involved in the system design of the application to be monitored.

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

[h0wdyus]

c

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

FROM NJ

[linkman311]

D. Funny I immediately recognized a question just like that from auditing..

Confidence is a prerequisite for success

FAR - 1/1
AUD - 1/1
BEC - 1/1
REG - Q4

Have Becker, wish I got Roger

[WANNABE_CPA]

D is correct

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

[RandomAlt]

According to COSO, the two primary attributes of effective evaluators are

honesty and integrity.

accuracy and objectivity.

completeness and reliability.

competence and objectivity.

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

[Author]

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