[jeff]

Post by Another71.

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[Anonymous]

@Bobcat87, yep it is C.

[Tarheelgirl]

The Dixon Corporation has an outstanding 1-year bank loan of $300,000 at a stated interest rate of 8%. In addition, Dixon is required to maintain a 20% compensating balance in its checking account. Assuming the company would normally maintain a zero balance in its checking account, the effective interest rate on the loan is

A. 6.4%

B. 8.0%

C. 20%

D. 10.0%

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Anonymous]

@Tarheel — (D)?

[Tarheelgirl]

Correct. D.

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Anonymous]

.08*300,000= 24000

.2*300,000= 60,000

Effective interest rate= nominal interest due/(principal – compensatory balance)

24,000/(300,000-60,000)= .1= 10%, D

[Tarheelgirl]

OR can be figured…

.8 / (1.0-.20)

.8 / .80

=.10

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Anonymous]

Hit my breaking point for the day. I went through the lecture for Asset Effectiveness and Efficiency but I really didn't get anything out of it. I'm just fried for now so it's time to call it for the night. It didn't seem terrible but I am SO sick of Formulas and ratios. I really had no idea there was this much math on BEC.

[Anonymous]

Yup. Finance & Cost = Algebra all over again.

I'm through all of the material and reading through text again until Cowboys – Eagles. Go Cowboys!

[Anonymous]

Hi guys, I am retaking bec after a failed score of 66. My exam date is Jan 8

I am also using Gleim and a little overwhelmed.

[Anonymous]

Is anyone else using just Gleim ?

[Justdoit2014]

@at808

I am using Gleim only for BEC. I used Gleim only for REG too, compared to REG, material and MCQ's for BEC seems to be quite easy.

FAR - 80 (Roger + Wiley TB) May 2014
AUD - 82 (Roger + Gleim TB + Wiley TB) August 2014
REG - 79 (Gleim + Gleim TB) November 2014
BEC - 85 (Gleim + Gleim TB) January 2015

[Anonymous]

Someone got to help me! I failed the stupid BEC so many times, because of that, I have to re-take my FAR and REG. Score always around 68,69,69………….after I study with Becker's material, now I am able to get 74 and 73, but it's KILLING me!!! I need help on the essay, I really do not understand why I can't score in the essay part. English is my second language and I really do not know how to “BS” on the stuff that I do not know. Please HELP me! Please share with me how you BS with the topic. Many thanks!!!!!!!!!!!

[Anonymous]

@Justdoit2014 Yea I failed bec with becker and I just have the Gleim bec test prep. How is your study plan ? You have great scores btw . My exam is Jan 8

[Justdoit2014]

@at808

I basically read the text, do the T/F and hit MCQ's in the test bank in study mode. I do all of them through the customization mode. Those that I get incorrect, I try to reason out why. I try to understand the logic of each question. Finally i wrap it up before the exam by giving the test and going through all the chapters again focusing intensively on my weak areas. I will be giving BEC on 27 Jan 2015.

FAR - 80 (Roger + Wiley TB) May 2014
AUD - 82 (Roger + Gleim TB + Wiley TB) August 2014
REG - 79 (Gleim + Gleim TB) November 2014
BEC - 85 (Gleim + Gleim TB) January 2015

[Tarheelgirl]

I am using Gleim. Hoping to get passed the hump this time and go full Gleim mode on my Audit retake.

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Author]

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