BEC Study Group October November 2013 - Page 12

Viewing 15 replies - 166 through 180 (of 1,548 total)
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  • #483572
    CPA2B_NJ
    Member

    @Amay – I have the same plans. I registered for BEC for 10/14 and I plan to re-take FAR during Thanksgiving. How far in your studies are you with BEC?

    FAR - 50, 78
    BEC - 67, 72, 75
    AUD - 72, 80
    REG - 70, 85

    To God be the glory! Forever, amen!

    NJ License

    #483555
    CPA2B_NJ
    Member

    @Bretton James 2.0 – It's good to know that it gets better. BEC feels like a mix of Managerial Accounting, Cost Accounting, Economics, and Finance. B1 & B2 are the killers for me so far. I need to pound on those MCQ, but the amount of questions sometimes discourage me. I even find myself wanting to clean the house instead of studying lol

    FAR - 50, 78
    BEC - 67, 72, 75
    AUD - 72, 80
    REG - 70, 85

    To God be the glory! Forever, amen!

    NJ License

    #483574
    CPA2B_NJ
    Member

    @Bretton James 2.0 – It's good to know that it gets better. BEC feels like a mix of Managerial Accounting, Cost Accounting, Economics, and Finance. B1 & B2 are the killers for me so far. I need to pound on those MCQ, but the amount of questions sometimes discourage me. I even find myself wanting to clean the house instead of studying lol

    FAR - 50, 78
    BEC - 67, 72, 75
    AUD - 72, 80
    REG - 70, 85

    To God be the glory! Forever, amen!

    NJ License

    #483557
    Anonymous
    Inactive

    I know but the light at the end of the tunnel is very visible (more so for some than others) and I just need to get this done!

    Plus the BEC pass rate was like 58% so we got this, no problem!

    #483576
    Anonymous
    Inactive

    I know but the light at the end of the tunnel is very visible (more so for some than others) and I just need to get this done!

    Plus the BEC pass rate was like 58% so we got this, no problem!

    #483559
    Anonymous
    Inactive

    Can anybody help explain this question to me?

    Pole Co. is investing in a machine with a 3-year life. The machine is expected to reduce annual cash operating costs by $30,000 in each of the first 2 years and by $20,000 in year 3. Present values of an annuity of $1 at 14% are

    Period 1 0.88

    Period 2 1.65

    Period 3 2.32

    Using a 14% cost of capital, what is the present value of these future savings?

    Answer: $62,900

    #483578
    Anonymous
    Inactive

    Can anybody help explain this question to me?

    Pole Co. is investing in a machine with a 3-year life. The machine is expected to reduce annual cash operating costs by $30,000 in each of the first 2 years and by $20,000 in year 3. Present values of an annuity of $1 at 14% are

    Period 1 0.88

    Period 2 1.65

    Period 3 2.32

    Using a 14% cost of capital, what is the present value of these future savings?

    Answer: $62,900

    #483561
    nishvik
    Participant

    @CPAnd -I remember this MCQ ,scratched my head thinking about it.Currentlyjust started revising BEC and hmmm I still not sure with this one but i think thr present value factors given for this MCQ ie Present value of an annuity of $1is given.

    Cash flows given are 30000,30000,20000 so its not the same for all 3 years hence we cant use ordinary annuity of $1 values given

    so Present Value of $1 are to be used which we can calculate from the given values

    year 1-0.88

    year 2- 0.77 (1.65-0.88)

    year 3- 0.67 (2.32-1.65)

    Hence 30000*0.88+30000*.77+20000*1.65=$62900.

    Hope this helps..

    FAR- 79 -->Becker self study, Final review & Flashcards
    REG -72-->Becker ,76-->Becker plus Wiley test bank
    AUD- 73 Becker,72-->Becker+Wiley,69-->Added ninja notes,89 --> Added Gleim review
    BEC- 84 Becker plus Wiley Test bank

    I am Done !!!!

    #483580
    nishvik
    Participant

    @CPAnd -I remember this MCQ ,scratched my head thinking about it.Currentlyjust started revising BEC and hmmm I still not sure with this one but i think thr present value factors given for this MCQ ie Present value of an annuity of $1is given.

    Cash flows given are 30000,30000,20000 so its not the same for all 3 years hence we cant use ordinary annuity of $1 values given

    so Present Value of $1 are to be used which we can calculate from the given values

    year 1-0.88

    year 2- 0.77 (1.65-0.88)

    year 3- 0.67 (2.32-1.65)

    Hence 30000*0.88+30000*.77+20000*1.65=$62900.

    Hope this helps..

    FAR- 79 -->Becker self study, Final review & Flashcards
    REG -72-->Becker ,76-->Becker plus Wiley test bank
    AUD- 73 Becker,72-->Becker+Wiley,69-->Added ninja notes,89 --> Added Gleim review
    BEC- 84 Becker plus Wiley Test bank

    I am Done !!!!

    #483563
    Anonymous
    Inactive

    @Nishvik Thank you for your help. I have had some troubles understanding these types of questions. You definitely did a better job showing where the answer came from compared to Gleim.

    #483582
    Anonymous
    Inactive

    @Nishvik Thank you for your help. I have had some troubles understanding these types of questions. You definitely did a better job showing where the answer came from compared to Gleim.

    #483565
    Amay
    Member

    @cpa2b I am 71% through B4 lectures. I am very behind because I got a really bad sinus infection and have had bad headaches every day almost for the past 3 weeks. I also had to work last weekend, which was not expected. I am feeling better and going to dr. on Monday so should speed up right now. Plan this weekend is to finish the lectures and begin working on those MCQs.

    BEC: 73, 81
    AUD: 85
    FAR: 71, 77
    REG: 74, 75...finally DONE! ๐Ÿ˜€

    *This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently ๐Ÿ™‚

    #483584
    Amay
    Member

    @cpa2b I am 71% through B4 lectures. I am very behind because I got a really bad sinus infection and have had bad headaches every day almost for the past 3 weeks. I also had to work last weekend, which was not expected. I am feeling better and going to dr. on Monday so should speed up right now. Plan this weekend is to finish the lectures and begin working on those MCQs.

    BEC: 73, 81
    AUD: 85
    FAR: 71, 77
    REG: 74, 75...finally DONE! ๐Ÿ˜€

    *This is my 2nd attempt at the CPA exam. For all of you who have failed this exam many times, given up on it, or taken a break like me, remember that it is still possible to finish what you started...failure is the opportunity to begin again more intelligently ๐Ÿ™‚

    #483567
    zxiao
    Member

    @Amay

    Thanks for responding my question.

    I had two exams in school last week so I had to postpone my BEC plan to yesterday. I watched B1 lectures. I'm having trouble with B1-50 and 51. Since the lecture did cover the problem, I had no idea how they got units transferred in and units transferred out, as well as equivalent units of production. Does anyone know how to solve that problem?

    Also, do I really need to know how to solve every problems in Becker in order to pass the exam? I'm so frustrated right now!

    I Can Do This!!!!!

    BEC: 89
    AUD: 99
    REG: 93
    FAR: 8/2/2014

    #483586
    zxiao
    Member

    @Amay

    Thanks for responding my question.

    I had two exams in school last week so I had to postpone my BEC plan to yesterday. I watched B1 lectures. I'm having trouble with B1-50 and 51. Since the lecture did cover the problem, I had no idea how they got units transferred in and units transferred out, as well as equivalent units of production. Does anyone know how to solve that problem?

    Also, do I really need to know how to solve every problems in Becker in order to pass the exam? I'm so frustrated right now!

    I Can Do This!!!!!

    BEC: 89
    AUD: 99
    REG: 93
    FAR: 8/2/2014

Viewing 15 replies - 166 through 180 (of 1,548 total)
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