[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

[h0wdyus]

@s

C

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

FROM NJ

[RandomAlt]

Information System risk… I'm going with B

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

[RandomAlt]

Ok everybody, here is a softball

Which of the following pricing policies results in establishment of a price to external customers higher than the competitive price for a given industry?

1. Collusive pricing.

B. Dual pricing.

C. Predatory pricing.

D. Transfer pricing.

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]

aaaaaandddd where is stoleway with the answer

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

FROM NJ

[stoleway]

Answer is D for the question I posted

see explanation below

The other choices are Information systems risk. Financial risk is of financial loss. Strategic risk is associated with poor information systems decisions. Information risk is risk of data loss.

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

Mass-CPA

[h0wdyus]

@ random

B

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

FROM NJ

[stoleway]

@RandomAlt

Answer is A

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

Mass-CPA

[RandomAlt]

Stoleway is correct with A

Collusion is associated with oligopolies, who do not compete on price.

Overt collusion (illegal) is where firms agree to raise prices

Tacit collusion is where other firms follow the prices of competitors and follow accordingly (the airline industry is a great example. When one airline raises fairs, the others soon follow…with out directly consulting with each other)

Bonus: Predatory pricing is when pricing is LOWER than offered by competitors. This is mainly used by cost-leadership entities. They come in, price their goods lower then everyone else in the area, which drives the competition out of business. When they have no competitors anymore, they raise prices again. (Example. Walmart)

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

[RandomAlt]

If both demand and supply have traditional curves, a higher equilibrium price may be caused by which one of the following?

A. A decrease in demand.

B. An increase in demand.

C. An increase in supply.

D. A production technology innovation.

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]

B

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

FROM NJ

[stoleway]

I will go with B too

Increasing demand will drive the price up

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

Mass-CPA

[RandomAlt]

Correct!

I like to create a small graph every time I do one of these. It really helps eye ball it

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

[RandomAlt]

A positive gross domestic product (GDP) gap exists when

A. Real GDP exceeds nominal GDP.

B. Nominal GDP exceeds real GDP.

C. Potential GDP exceeds real GDP.

D. Nominal GDP exceeds potential GDP.

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

[Anonymous]

Well I've been lurking for a few days. I think I'll get involved seeing as my test is Friday.

[h0wdyus]

C

Welcome aboard Nick

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

FROM NJ

[Author]

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