[Q3] BEC Study Group 2014 - Page 78

  • Creator
    Topic
  • May 14, 2014 at 3:33 pm #185552
    jeff
    Keymaster

    @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

Viewing 15 replies - 1,156 through 1,170 (of 2,289 total)
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  • August 7, 2014 at 9:46 am #594772
    BEACPA
    Participant

    rzrbkfaith,

    Thanks for the words of encouragement.

    FAR - 2/28/14 PASS Praise be to God!
    AUD - 7/5/14 PASS Praise be to God!
    BEC - 11/29/14PASS Praise be to God!
    REG - 2/28/14 PASS Praise be to God!

    August 7, 2014 at 1:31 pm #594773
    Anonymous
    Inactive

    Hi all,

    I'm starting my BEC studies today. Taking it Aug 29th, but I am not working so I plan to be studying full-time for the next 3 weeks. Has anyone on here been able to successfully study for and pass BEC in 3 weeks?

    August 7, 2014 at 4:00 pm #594774
    M.O.D.
    Member

    Welcome amra

    What is the formula for elasticity of demand? What about elasticity of supply? What are their meanings?

    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)

    August 7, 2014 at 4:06 pm #594775
    Anonymous
    Inactive

    @amra Welcome! We take the exam the same day :-), good luck!

    August 7, 2014 at 5:12 pm #594776
    Anonymous
    Inactive

    Price Elasticity of Demand – % change in Demand/% change in Price

    The higher the figure the more elastic a product is. Luxury goods have high elasticity of demands. Inferior goods would have low price elasticity of demand.

    Price Elasticity of Supply – % change in Supply/% change in Price

    The higher it is the more elastic.

    August 7, 2014 at 5:15 pm #594777
    WANNABE_CPA
    Member

    Formula for DCL(Degree of Combined Leverage) ?

    FAR : 68, 74, 83 Thank you God 🙂
    BEC : 78 (8/27) 🙂
    REG : 72 ,80 (2/25) 🙂
    AUD : 69,67, 07/23

    August 7, 2014 at 5:18 pm #594778
    stoleway
    Participant

    @WANNABE_CPA

    Is it the same as Degree of Total Leverage?

    DFL X DOL

    or

    Degree of Change in EPS / Degree of change in sales

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

    Mass-CPA

    August 7, 2014 at 5:27 pm #594779
    WANNABE_CPA
    Member

    @ stoleway…

    correct

    FAR : 68, 74, 83 Thank you God 🙂
    BEC : 78 (8/27) 🙂
    REG : 72 ,80 (2/25) 🙂
    AUD : 69,67, 07/23

    August 7, 2014 at 5:39 pm #594780
    Anonymous
    Inactive

    Forgot to add that substitute goods have a high supply elasticity of demand while compliment goods have a low supply elasticity of demand.

    August 7, 2014 at 5:42 pm #594781
    stoleway
    Participant

    Physical access controls prevent damage or other loss including all but the following:

    A Weather

    B Theft

    C Disgruntled employees

    D Computer based fraud

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

    Mass-CPA

    August 7, 2014 at 5:45 pm #594782
    Anonymous
    Inactive

    D

    August 7, 2014 at 5:51 pm #594783
    Anonymous
    Inactive

    Actually now that I look at it again I would say A.

    August 7, 2014 at 5:57 pm #594784
    stoleway
    Participant

    Answer is D

    Physical access controls prevent damage or other loss including theft, acts of war, weather, disgruntled employees, or others.

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

    Mass-CPA

    August 7, 2014 at 5:57 pm #594785
    WANNABE_CPA
    Member

    i think A too

    FAR : 68, 74, 83 Thank you God 🙂
    BEC : 78 (8/27) 🙂
    REG : 72 ,80 (2/25) 🙂
    AUD : 69,67, 07/23

    August 7, 2014 at 5:58 pm #594786
    WANNABE_CPA
    Member

    really…that was a confusing one, i thought has to be computer fraud for sure.

    FAR : 68, 74, 83 Thank you God 🙂
    BEC : 78 (8/27) 🙂
    REG : 72 ,80 (2/25) 🙂
    AUD : 69,67, 07/23

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