[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

[JamesBJames]

Ah, yeah, those can be a little tricky too. I think you'll get the hang of it when you do more questions.

I had a couple of equations written out that I looked at it whenever I felt stuck. It was just stuff like “COGS = Beg. Finished Goods + COGM – End. Finished Goods,” and “COGM = Beg. WIP + DM + DL + O/V – End. WIP,” and so on, but it didn't take long to piece together how things worked.

It also seems they love asking stuff about units produced. Becker had a ton of problems that were like, “Company X has forecasted sales of 12,000 units and it takes 4 [raw material] to make one unit. How much [raw material] do they have to use?” And then there's a difference between beginning and ending raw materials or finished goods that requires the company to use more or less materials.

If you can just keep track of it in your head, they're usually very straightforward problems.

FAR: May 1st, 2014 - 91
AUD: May 29th, 2014 - 97!
BEC: July 16th, 2014 - 91
REG: August 29th, 2014 - 88

Licensed December 2015

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[Zackrampage]

Did you experience easier problems on the exam than becker? Were there many long calculation questions?

FAR - 62 , End of aug 2015
BEC - 67, 67
AUD - TBD
REG - TBD

[jes7879]

@JamesBJames – thanks for the tip! I am going to try your method!

AUD - passed
BEC - retake in July

[YORKER]

I cant get past B2 Budget and Analysis. I never had so much trouble with any other part of the CPA exam it's just so confusing or maybe Becker is not explaining it well enough?

[Anonymous]

Help from anyone using Becker…..I am working on B6 — Financial Decisions section. When I went to do the homework, the questions had NOTHING to do with the material. Has anyone else had that problem?

[Zackrampage]

@2104CPA That is a common characteristic of becker noticed it as well.

FAR - 62 , End of aug 2015
BEC - 67, 67
AUD - TBD
REG - TBD

[GoVPI]

The first part of ch6 is good, the manufacturing types like six sigma, the later half of the chapter is horrific. It is a jumbled mess of topics.

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

[Zackrampage]

Pop Quiz – Describe the difference between Six Sigma and a Lean?

FAR - 62 , End of aug 2015
BEC - 67, 67
AUD - TBD
REG - TBD

[Zackrampage]

If average household income increases, then the housing market will experience:

A.

movement along the demand curve.

B.

a rightward shift in the demand curve.

C.

movement along and a shift in the demand curve

D.

there will be no change in the demand curve or movement along the demand curve

My software says the answer is B, but I thought a shift is due to anything other than price. I would think A 🙁

FAR - 62 , End of aug 2015
BEC - 67, 67
AUD - TBD
REG - TBD

[GoVPI]

Zach, it is confusing, but I believe a change in income makes the demand curve shift..and movement along the demand curve is due to shift in quantity demand. Also to the question above lean manufacturing is cutting out all the unnecessary “non value” added activities and six sigma is the manufacturing improvement process. A six sigma process is one in which 99.99966% of the products manufactured are expected to be free of defects.. 3.4 defective units per every million.

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

[Zackrampage]

@CPAin14 thanks I get it 🙂

FAR - 62 , End of aug 2015
BEC - 67, 67
AUD - TBD
REG - TBD

[Zackrampage]

Ok, I got too depressed looking at my score from MCQ's, which means it is time to read BEC Ninja book!

FAR - 62 , End of aug 2015
BEC - 67, 67
AUD - TBD
REG - TBD

[stoleway]

Question…

1.What are three types of budgets?

2. Name four derivative instruments used to manage interest rate risks

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

Mass-CPA

[Zackrampage]

@stoleway Flexible budget, static budget, master budget…. and 2. Forward, swap, options, futures.

FAR - 62 , End of aug 2015
BEC - 67, 67
AUD - TBD
REG - TBD

[GoVPI]

what chapter in becker (page if possible) is the interest rate risk instruments on?

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

[Author]

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