[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

[Anonymous]

I have my FAR textbook next @Howdy

[rzrbkfaith]

Off the Becker Final Exam #2…

Jade Imports, a United States company, owes significant payables denominated in Mexican pesos. Jade has noted that the interest rates in Mexico are increasing and is fearful that investment in Mexico will increase the value of the peso and reduce the value of the dollar. Jade owes 300,000 pesos in 90 days, the spot rate is $.11 to 1 peso, the yield on Mexican investments for 90 days is 12.5 percent, and domestic U.S. financing is available for 90 days at 5 percent. If Jade uses a money market hedge to capitalize on foreign and domestic rate differentials, what would be the present value of the savings on the transaction assuming a 360 day year?

$400

$600

$3,000

$1,000

AUD - 99
BEC - 97
REG - 91
FAR - 1/8/16

[h0wdyus]

Nick

You will surely enjoy the long hours you will spend with your new cuddle partner, “FAR”. The beast.

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

FROM NJ

[EYNewHire]

$1,000

[h0wdyus]

good night everyone. Exam day tomorrow, 12 Pm.

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

FROM NJ

[EYNewHire]

Good luck h0wdyus. I'm sure you'll do great.

[rzrbkfaith]

Just finished the practice exam #2… it was a total beat down. I'm exhausted and now prepared for the worst. So hopefully it will be better tomorrow! Good luck everyone!

AUD - 99
BEC - 97
REG - 91
FAR - 1/8/16

[lauren725]

I am going to wind down and try to relax. Just spent the evening going over formulas and some of the book. I don't think theres much more I can do at this point to make me feel better about tomorrow. Good luck howdy and everyone else!

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!

[Anonymous]

Good luck to everyone taking the exam tomorrow!! I will report back after my test at 1.

[jamie7johnson]

Sorry for taking off! Spent some time with the parents.

Like I said, the exam had no surprises. The calculation problems seemed like they were formatted in the same way I saw in Becker.

I'm weaker in math so I would recommend really knowing your calculations, especially that pesky one that you just can never get.

Good luck to everyone! I'll be out of town this weekend so I probably won't get back on here. See some of you in FAR!

REG - 79
BEC - 80
FAR - 80
AUD - 77

[TNDCPA]

Hi All,

Has anyone gone through the AICPA questions? I felt pretty confident having reviewed all my notes and doing well on MC in my study guide and AICPA questions for 2010-2013. I just got done doing the AICPA questions released for 2014 and felt like it was completely formatted differently. A lot of the questions seemed to ask information that was not in my study guide(CPAExcel).

Anyone else experience this? My test is Saturday and after reviewing 2014 questions, I feel doomed. X__X

FAR - 89 02/27/14
REG - 88 04/30/14
AUD - 90 7/3/14
BEC - 87 8/30/14 DONE!

[RandomAlt]

Hi all,

Well, took off today from work, so I'm in the two days on non-stop studying.

Lets go…

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]

Morning. Can I get a solution for rzr's problem posted last night..

[RandomAlt]

Which of the following must be true in the long run?

A Fixed costs must be higher than variable costs.

B There are no variable costs in the long run.

C There are no fixed costs in the long run.

D Fixed costs decline rapidly as production goes up.

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]

@lauren725

I agree. I've stopped MCQ last night. I keep getting discouraged because certain topics pop up that I don't ever recall studying. From now until Saturday at 4pm it's formulas, written communication, and ninja notes/audio overview, which is what I did for REG.

Good luck!

[Author]

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