BEC Study Group Q1 2015 - Page 54

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  • February 23, 2015 at 7:53 pm #655874
    Anonymous
    Inactive

    @Mjganier is that a ninja question?

    February 23, 2015 at 7:53 pm #655875
    Anonymous
    Inactive

    @highlight are you going to take the practice exams?

    February 23, 2015 at 7:57 pm #655876
    highlightnumb
    Participant

    yes i took the practice exams and didnt do that great. Will go back and review them again a little later on today.

    FAR. Feb 2014 76
    REG. Jan 2015 79 half way there!!
    BEC. Feb 2015 79 thank you God!!
    AUD. Apr 20, 2015 and will be done. Hold that thought 65, 7/14/15 85!
    Ok where was I? Oh thats right now I'm Done!!!!!!!!!
    Ethics 92!!

    "You down wit SEC?, yeah you know me!!!"

    Cali Candidate

    All Becker Materials, Wiley Test Bank, Ninja audio, Ninja MCQ, Ninja Notes

    February 23, 2015 at 7:59 pm #655877
    Anonymous
    Inactive

    I would like review them but I don't have time to actually do both.. is there a way I can answer a few and “exit” just like the progress tests? lol

    February 23, 2015 at 8:33 pm #655878
    highlightnumb
    Participant

    @8488 yep just keep hitting continue through all of the testlets and then it will bring you to a review prompt.

    FAR. Feb 2014 76
    REG. Jan 2015 79 half way there!!
    BEC. Feb 2015 79 thank you God!!
    AUD. Apr 20, 2015 and will be done. Hold that thought 65, 7/14/15 85!
    Ok where was I? Oh thats right now I'm Done!!!!!!!!!
    Ethics 92!!

    "You down wit SEC?, yeah you know me!!!"

    Cali Candidate

    All Becker Materials, Wiley Test Bank, Ninja audio, Ninja MCQ, Ninja Notes

    February 24, 2015 at 2:18 am #655879
    Anonymous
    Inactive

    can't..do..any..more…mcq!!

    February 24, 2015 at 2:36 am #655880
    Mjganier
    Participant

    I'm with ya 8488…I've done 685 since Friday and I think I have at least another 400 in me till this Friday…Keep pushing! I'm at 67% trending now. Now to pull up everything else pulling it back down!

    FAR 8/18/2014--87
    AUD 10/18/2014--78
    REG 11/24/2014--76
    BEC 2/28/2015--76

    "If you can't explain it simply, you don't understand it well enough"-Albert Einstein

    Study Mats: Cpaexcel study text and EQ, Ninja MCQ, Ninja notes

    February 24, 2015 at 4:03 am #655881
    Anonymous
    Inactive

    Could someone explain why when determining ROI sometimes ‘total assets' is used as the denominator and other times ‘avg. total assets' is used? It seems to be the same case with a few other ratios as well.

    February 24, 2015 at 5:27 am #655882
    highlightnumb
    Participant

    @aspiring1accountant you know I initially started typing an answer to your question but then i realized that I'm not quite sure. but what I can say is go back and make sure you are not missing anything some small detail that explains the variation. I briefly skimmed through my notes and I think I can explain but I want to do more research so that I am 100% sure before i go giving false information. I think I noticed only a couple instances where avg total assets is used as the denominator or numerator for Financial Leverage Ratio. I do know that I am going to make sure I know those formulas by heart if push comes to shove.

    FAR. Feb 2014 76
    REG. Jan 2015 79 half way there!!
    BEC. Feb 2015 79 thank you God!!
    AUD. Apr 20, 2015 and will be done. Hold that thought 65, 7/14/15 85!
    Ok where was I? Oh thats right now I'm Done!!!!!!!!!
    Ethics 92!!

    "You down wit SEC?, yeah you know me!!!"

    Cali Candidate

    All Becker Materials, Wiley Test Bank, Ninja audio, Ninja MCQ, Ninja Notes

    February 24, 2015 at 5:29 am #655883
    highlightnumb
    Participant

    So these are the types of questions that I hate. Its from Operations Managment which has a weight of 12-16%. Anyone good at questions like below?:

    Fernwell wants to buy shares of Gurst Company in two years. Fernwell uses a constant growth dividend discount model with a presumed dividend growth rate of 5%. If Fernwell's discount rate is 10% and Gurst's current year dividend is $20, what is the approximate price Fernwell will pay?

    a.

    $463

    b.

    $420

    c.

    $441

    d.

    $400

    Explanation

    Choice “a” is correct. Fernwell will pay approximately $463, computed as follows:

    Step #1, Compute dividend in subsequent year:

    Pt = D(t + 1) / (R − G)

    D(t + 1) = $20 × (1.05)2

    D(t + 1) = $20 × 1.1025

    D(t + 1) = $22.05

    Step #2, Apply growth rate to computed dividend:

    Pt = D(t + 1) / (R − G)

    Pt = ($22.05 × 1.05) / (0.10 − 0.05)

    Pt = $23.15 / 0.05

    Pt = $463

    Terms are defined as:

    Pt = Current price (price at period “t”)

    D(t+1) = Dividend one year after period “t”

    R = Required return

    G = Growth rate

    FAR. Feb 2014 76
    REG. Jan 2015 79 half way there!!
    BEC. Feb 2015 79 thank you God!!
    AUD. Apr 20, 2015 and will be done. Hold that thought 65, 7/14/15 85!
    Ok where was I? Oh thats right now I'm Done!!!!!!!!!
    Ethics 92!!

    "You down wit SEC?, yeah you know me!!!"

    Cali Candidate

    All Becker Materials, Wiley Test Bank, Ninja audio, Ninja MCQ, Ninja Notes

    February 24, 2015 at 6:22 am #655884
    Anonymous
    Inactive

    The tricky part is that you have to compute dividends 2 years ahead. So you are given the div. today ( D zero) as $20. To get div. for next year (D one) you take D zero x (1+ growth rate)…. $20x(1+.05) but you want Div. 2 years from now so you square it. $20x(1+.05)2 which is 22.05. Then you take 22.05x(1+.05)= 23.15. To solve for today's price you take 23.15/.05=463. The .05 is discount rate of 10%- growth rate of 5%.

    February 24, 2015 at 6:49 am #655885
    Future Ninja
    Participant

    failed BEC with 74. I'll see you guys in a few days.

    AUD - 79 (expired) retaking July 28,2016
    FAR - 76 expiring July 31, 2016
    BEC - 85
    REG - 74,74,74,74,59,70,

    February 24, 2015 at 7:23 am #655886
    highlightnumb
    Participant

    @futureninja wow dude thats insane!! A freakin 74. The good part about is you are almost there. Now what you have to do now is act like you scored a 50 because a lot of people lighten up on their studies because they think won the game with time still on the clock and they end up losing. Keep your foot on the gas with aggression and I promise that you will pass next time! If you study at least 2 to 3 hours everyday and retake the first week of April you will be golden.

    FAR. Feb 2014 76
    REG. Jan 2015 79 half way there!!
    BEC. Feb 2015 79 thank you God!!
    AUD. Apr 20, 2015 and will be done. Hold that thought 65, 7/14/15 85!
    Ok where was I? Oh thats right now I'm Done!!!!!!!!!
    Ethics 92!!

    "You down wit SEC?, yeah you know me!!!"

    Cali Candidate

    All Becker Materials, Wiley Test Bank, Ninja audio, Ninja MCQ, Ninja Notes

    February 24, 2015 at 7:27 am #655887
    Justdoit2014
    Member

    Passed BEC with 85, I am done! A big thanks to Another 71 family for all the support and encouragement!

    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

    February 24, 2015 at 7:28 am #655888
    highlightnumb
    Participant

    @justdoit2014 Congrats!!!! Now go have a drink for me!!

    FAR. Feb 2014 76
    REG. Jan 2015 79 half way there!!
    BEC. Feb 2015 79 thank you God!!
    AUD. Apr 20, 2015 and will be done. Hold that thought 65, 7/14/15 85!
    Ok where was I? Oh thats right now I'm Done!!!!!!!!!
    Ethics 92!!

    "You down wit SEC?, yeah you know me!!!"

    Cali Candidate

    All Becker Materials, Wiley Test Bank, Ninja audio, Ninja MCQ, Ninja Notes

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