[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

[stoleway]

A. I only.?

This usually confuse me because of the inter-change, but I'm quite sure that PUBLIC key is used to ENCODE

and Private Key is needed to decrypt the message.

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Mass-CPA

[M.O.D.]

Answer (A) is correct.

In a public-key system, the public key is used to encrypt the message prior to transmission. The private key is needed to decrypt (decode) the message.

BA Mathematics, UC Berkeley
Certificates in CPA and EA preparation, College of San Mateo
CMA I 420, II 470
FAR 91, AUD Feb 2015 (Gleim self-study)

[stoleway]

Greg Gage has hopes and dreams of his company winning a well-known award for quality across his organization. All of the following are quality award programs, EXCEPT:

A The European Quality Award

B The Deming Prize

C The Ishikawa Quality Award

D All of the above are quality award programs.

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Mass-CPA

[Zackrampage]

No clue. Highly unlikely they will ask it, but hey I'll try to remember whatever the answer is lol.

FAR - 62 , End of aug 2015
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[GoVPI]

C? I thought Ishikawa was another form of the fishbone diagram, not an award.

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

[jss49901]

I am planning on retaking BEC by the end of this month. I have the Ninja flashcards, but all of my Gleim material is expired. Can anyone recommed what the best way for me to refresh and restudy would be?

REG - Passed (expiring 05/31/2016)
BEC - 71 - 04/2016
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AUD - 05/2016

[stoleway]

@CPAin14

Correct

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

Mass-CPA

[GoVPI]

In preparing its cash budget for July 2012, Reed Company made the following projections:

Sales

$1,500,000

Gross profit (based on sales)

25%

Decrease in inventories

$70,000

Decrease in accounts payable for inventories

$120,000

For July 2012 what were the estimated cash disbursements for inventories?

$935,000

$1,050,000

$1,055,000

$1,175,000

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

[stoleway]

COGS + Decrease in Liability – Decrease in Asset = Cash Disbursed

COGS= .75 X 1500,000 = 1125,000

Therefore……

1125,000 + 120,000 – 70,000 = $1,175,000

Answer is D

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

Mass-CPA

[Masso]

Hello, I am new to the forum. Preparing for BEC using gleim. I do need some advice on how to prepare for the IT section – thanks

[stoleway]

@Maso…Read your notes or review book, watch videos and do tons of mcqs till you puke. Good luck:)

Question……

What is “commercial paper?”

A All bonds of corporations fall under the term “commercial paper”

B Unsecured promissory notes issued to the public by corporations with up to a nine month maturity period

C Notes that trade on a bond exchange and have a maturity of two years or less

D A debt instrument assigned from one individual to another that is used to purchase property or inventory

REG -63│ 84!!
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Mass-CPA

[GoVPI]

Im going with B, stoleway.

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

[M.O.D.]

Commercial paper are (unsecured) notes issued by large corporations with very good credit, for short maturities.

Widely used for short term cash management.

I would say B.

Gleim: less than 270 days = 9 months

Lower cost than bank loans (below prime rate).

No general secondary market exists…

BA Mathematics, UC Berkeley
Certificates in CPA and EA preparation, College of San Mateo
CMA I 420, II 470
FAR 91, AUD Feb 2015 (Gleim self-study)

[GoVPI]

Which one of the following is a sales forecasting technique that can be utilized in preparing the annual profit plan?

Linear programming.

Exponential smoothing.

Queuing theory.

Program Evaluation and Review Technique (PERT).

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

[stoleway]

B is correct

@CPAin14……I will go with Exponential smoothing

REG -63│ 84!!
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AUD- 75!
FAR- 87!

Mass-CPA

[Author]

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