[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

[Zackrampage]

Those are exactly the ones I was talking about I get lost very quickly

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

[stoleway]

@Zackrampage

I think its the same case, if you take it, you're basically taking advantage of not paying 24.48% on this short-term financing. If you don't take it, then that will be silly cuz you will end up paying 24.48% on this trade credit.

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

Mass-CPA

[Zackrampage]

@Stolewya please explain the above problem 🙂

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

[Zackrampage]

Do all cPA questions on bec that give you 360 or 365 days then 2/10 net 30 are they all done the same way using that formula? Or can they ask different things given that info

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

[stoleway]

DM 100% Complete = 40,000 x 5 = 200,000

CC 60% Complete = 24,000 x 7 = 168,000

=368,000

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

Mass-CPA

[Zackrampage]

OMG easy question I am an idiot indeed I was doing 40000 x 5 is 80k LMAO ooops

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

[GoVPI]

Zack, do not feel bad. I am horrible at cost accounting this sections calculations. The questions I post on here are the ones I get wrong in my test bank!

Most of them.. I see the answer and am like wow I should've known.

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

[stoleway]

I always feel good solving questions in Gleim, but ninja and cpareviewforfree makes me feel stupid. There are some really weird questions in there but its all good, I really cant afford to fail BEC for the 4th time, I'm definitely going to do my best to finish this off.

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

Mass-CPA

[Zackrampage]

@CPAin14 I wish that was my case. Most 3-4 step calculation ones I don't even have a clue where to start. I like the short simple ones that you follow the formula and get it. Most people say there aren't many long ones in mcq anyway.

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

[GoVPI]

I think they will be the shorter ones. It wouldn't be fair to give long ones, especially with time constraint. BEC will be my first test ever for the CPA exam on 8/14. If I pass, I will cry. If I fail, I will understand because I suck at cost accounting.

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

[Zackrampage]

Home from work, time to pound questions. Aug 28th exam

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

[Anonymous]

Anyone testing August 16th? I am full blown panic for two weeks from tomorrow………..

[Zackrampage]

@2014CPA I feel you. I panic everyda and only calm down after I answer something right lol.

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

[Hudiniwannabecpa]

Hey everyone, I just ran into something while reviewing some MCQS

WILEY SAYS:

The theory underlying the cost of capital is primarily concerned with the cost of:

A. Long-term funds and new funds.

explanation: This answer is correct. The theory underlying cost of capital is related to existing long-term financing and obtaining new long-term financing

B. Any combination of old or new, short-term or long-term funds

explanation: This answer is incorrect. Cost of capital does not involve evaluating short-term funds.

BECKER SAYS:

any combination of old or new, short term or old.

and then merely provides the in depth explanation of

“The cost of capital considers the cost of all funds, whether they are short term, long term, new or old.”

Any thoughts suggestions comments?

[Anonymous]

@Zackrampage.. i guess you are a little worried about long calculations.. let me tell you that you may find few questions with long calculations.. there is a possibility that long calc are easy bcos there is so much info to use.. also let me tell u that there could be super short questions with no calc and you might find them most difficult.. so dont worry about length of the questions.. just learn the concept and practice some mcq.. and you are good to go:)

however, if i may suggest that its better if you practice time limit for each testlet. for e.g.. i practiced 40min for each test let.. so that there is enough time left for sims..

[Author]

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