[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

[missjones513]

@h0wdyus Yes, I'm able to finish all the mcq in the 2 hours. The 30 – 35 is just so I make sure I don't spend too much time on one testlet. If I remember how to do the calculation it doesn't slow me down too much. Unless my answer isn't one of the choices. Then it gets awkward.

REG - 5/29/12 (64), 10/1/12 (74), 5/20/13 (75, expires 12/31/14)
FAR - 8/14/12 (64), 8/5/14 (75)
BEC - 11/19/12 (70), 2/25/13 (72), 11/21/13 (73), 1/21/14 (73), 8/30/14 (72), 11/24/14 (75)
AUD - 4/22/13 (65), 10/12/13 (79)

I'm done!!!

Ethics - Pass

[GoVPI]

Just got off the bubble… 77.. thanks stole, MOD, zackrampage and everyone else!

BEC 8/14/14 - Passed
Graduated from college 12/13/14
AUD 8/31/15 - 74. Retake - Passed
REG
FAR

[h0wdyus]

congratulations. cpain14

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

FROM NJ

[lauren725]

Congrats CPAin14!!! what a relief!!!

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[GoVPI]

Thank you all, truly. Jeff, everyone on here..

I told myself, if I can pass the CPA exam that has cost accounting, I can pass any of them. Cost is my Achilles heel, I thought I'd never get past it, I did horrible in class in it. Thank you jesus!!

Good luck to all! I am moving on to AUD!

BEC 8/14/14 - Passed
Graduated from college 12/13/14
AUD 8/31/15 - 74. Retake - Passed
REG
FAR

[Anonymous]

Carol and Jane were sitting in the local coffee shop discussing Jane's possible strategies for constructing her investment portfolio. Carol suggested that Jane spend time reviewing the financial information for stocks she might consider purchasing and do some ratio analysis once she had obtained the information, but at the same time, it probably wouldn't be a good idea for Jane to attempt to predict the future movements of the markets. Jane said that she would think about these suggestions, but that she had come to believe the best approach would be for her to do her analysis using charts based on the historic market data using price and trading volume to predict the future movement of stock prices. Someone overhearing this conversation would believe that Jane wanted to use ________ and did not believe in the ________.

A.

passive management techniques; strong form of the efficient market hypothesis

B.

beta; fundamental analysis

C.

technical analysis; weak form of the efficient market hypothesis

D.

asset allocation techniques; fundamental analysis

[h0wdyus]

C. this is technical analysis

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

FROM NJ

[Anonymous]

Am I crazy for thinking I can pass this exam with a Friday test date, 6 more hours of material to get through and only three days of review (currently bombing cost sections)??

What do you guys think?

[Anonymous]

Taking REG this Friday and just starting to study….do you think it can be done? I'm putting in 12-15 hour days of studying..

[TigerWoods]

Based on potential sales of 500 units per year, a new product has estimated traceable costs of $990,000. What is the target price per unit to obtain a 15% profit margin on sales using the traditional markup calculation?

A.

$2,329

B.

$2,277

C.

$1,980

D.

$1,935

[olliepantsIL]

I feel like the stuff I am studying for BEC is too closely related to FAR. Does anyone have any suggestions about leases, bonds, and stocks? Do I need to go into detail for BEC like I did for FAR?

AUD- 72, 87!
FAR- 77!
BEC- 65, 79!
REG- 68, 84! Done!!!

[h0wdyus]

500 x s – 990000 = .15 s

s = 1980

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

FROM NJ

[TigerWoods]

h0wdyus, that is incorrect.

[ShmeePA]

@tigerwoods….traceable costs of $990,000/.85 to get the traceable costs plus anticipated sales which equals 1164000/500=2329 A

BEC-84
FAR-86
AUD-87
REG-79

[ShmeePA]

sorry anticipated profit**

BEC-84
FAR-86
AUD-87
REG-79

[Author]

Replies