BEC Study Group Q1 2016 - Page 7

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  • January 11, 2016 at 5:58 pm #748985
    ELMON
    Participant

    Hi bin

    The Q Ask For the Initial Investment

    1- New Equipment = 225000+25000 = 245,000

    2- Working Capital Required = 16 A/R + 4 Inv – A/P 14= 6,000

    3- (-) Proceed From Old Equipment = (5000)

    4- (-) Tax Saving From the Loss Of Old Equipment = OLD NBV 15,000 – SALES P 5000 = 10,000 LOSS * 40% Tax =

    5- total = 245+6-5-4 = 242 ansWer A

    The Trick is always the Cash received from the sales of old Equipment will reduce the initial investment , but

    if you have gain from the sale the amount of gain multiply by tax rate = Cash out flow Coz U Need to pay the tax on gain

    add the result to the Initial Inv .

    If you have Loss from the sale the amount of loss Multiplied By The Tax Rate = Cash Inflow (Saving )

    Subtract the Result From the Initial Inv .

    FAR- 88 MAY 2015
    REG- 83 OCT 2015
    BEC- 80 Jan 2016
    AUD- 79 May 2016
    NH
    I am Done

    Ninga MQ & SIMS Is the Best Way to Pass

    January 11, 2016 at 5:58 pm #748986
    ELMON
    Participant

    Hi bin

    The Q Ask For the Initial Investment

    1- New Equipment = 225000+25000 = 245,000

    2- Working Capital Required = 16 A/R + 4 Inv – A/P 14= 6,000

    3- (-) Proceed From Old Equipment = (5000)

    4- (-) Tax Saving From the Loss Of Old Equipment = OLD NBV 15,000 – SALES P 5000 = 10,000 LOSS * 40% Tax =

    5- total = 245+6-5-4 = 242 ansWer A

    The Trick is always the Cash received from the sales of old Equipment will reduce the initial investment , but

    if you have gain from the sale the amount of gain multiply by tax rate = Cash out flow Coz U Need to pay the tax on gain

    add the result to the Initial Inv .

    If you have Loss from the sale the amount of loss Multiplied By The Tax Rate = Cash Inflow (Saving )

    Subtract the Result From the Initial Inv .

    FAR- 88 MAY 2015
    REG- 83 OCT 2015
    BEC- 80 Jan 2016
    AUD- 79 May 2016
    NH
    I am Done

    Ninga MQ & SIMS Is the Best Way to Pass

    January 11, 2016 at 9:21 pm #748987
    Sheffi
    Participant

    Need some feedback. How do you study with Ninja material? I'm so lost and don't know WHERE to start or from where to go.

    January 11, 2016 at 9:34 pm #748988
    sallytong
    Participant

    Hi guys,I took BEC today and had tons of IT problems. OMG~ These questions are so weird and I never met in the becker HW or Wiley bank test. Hopefully, I can pass this time.

    January 11, 2016 at 10:44 pm #748989
    Dave71
    Participant

    I m using Ninja MCQ and my treading score for Financial Management is by far the weakest. Any else have the same issue or have advice on what to work on to improve my score. Thanks in advance!

    REG - 10/12/2015 77
    AUD - 01/06/2016 75
    BEC - 01/16/2016 75
    FAR - 02/27/2016 68 Retake 05/13/16 70 Retake TBD

    January 12, 2016 at 12:09 am #748990
    csvirk
    Participant

    Hello Everyone. I will be studying for BEC and planning to take it by end of Feb. Looking forward to study with this group.

    FAR: 71, 77!
    AUD: 69, 80
    BEC: 72
    REG: 84

    January 12, 2016 at 12:14 am #748991
    monikernc
    Participant

    Csvirk i am so glad you are here. This group has been quiet. Stunned by the amount of material, i think. My incorrect response above was after a month of studying this stuff. Retention is tough because there is so much to remember.

    I saw you took audit and hope you passed! Sounded very hopeful. Fingers crossed! Good luck!

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    January 12, 2016 at 12:23 am #748992
    csvirk
    Participant

    @Monikernc

    Yes! keeping my finger crossed. Math/formulas and Economic is my strong point, hoping relatively BEC will be fun to study. I am using CPAexcel book and will be doing NINJA mcq. When is your exam date?

    FAR: 71, 77!
    AUD: 69, 80
    BEC: 72
    REG: 84

    January 12, 2016 at 1:30 am #748993
    monikernc
    Participant

    Csvirk i was scheduled for jan 18 but rescheduled for feb 27 because i will need to see this material so many times to retain it all. It is not hard just quantity is massive. I am typing with the hiccups right now. Not fun. Kind of hurts.

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    January 12, 2016 at 2:21 am #748994
    SaveBandit
    Participant

    Well I've been totally bombing the HW so far, so I've got that going for me.

    4 for 4

    FAR 85
    AUD 94
    BEC 86
    REG 90

    January 12, 2016 at 2:41 am #748995
    ccfricks
    Participant

    Hi, I just took And. I am studying for BEC. This is the first time using NINJA products. With the MCQ, how many questions should I do in a sitting. Should I set it do all questions in a section or should limit the question to 20-30 until they are all done for that section. What should my plan be.

    January 12, 2016 at 2:46 am #748996
    monikernc
    Participant

    What other materials are you using? Ninja mcq has a custom setting where you can choose sections and new questions. I suggest this for first time through. The sections with calculations will take longer so do fewer in a session. For IT or Econ up to 20. When you hit review you will do more for speed.

    FAR 7/25/15 76!
    AUD 10/30/15 93
    BEC 2/27/16 82
    REG 5/23/16 88!
    Ninja Book and MCQ and the forum - all the way!!!
    and a little thing i like to call, time and effort!
    if you want things to change, you have to do something different

    January 12, 2016 at 2:51 am #748997
    ccfricks
    Participant

    I baught the NINJA book and notes. I just note sure to do smaller study test or should I set to do all the questions. I am not sure how the NINJA MCQ work to be benafical

    January 12, 2016 at 3:28 am #748998
    Sween
    Participant

    Anybody have any recommendations on a cram course?

    FAR - 66 (10/2015)
    AUD
    REG
    BEC

    January 12, 2016 at 4:41 pm #748999
    Beto42392
    Member

    Guys if you could please help me with this problem I would greatly appreciate it! This is a problem under VARIANCE ANALYSIS:

    To meet its monthly budgeted production goals, Acme Mfg. Co. planned a need for 10,000 widgets at a price of $20 per widget. Acme's actual units were 11,200 at a price of $18.50 per widget. What amount reflected Acme's price variance?

    a.
    $15,000 favorable.
    b.
    $24,000 unfavorable.
    c.
    $7,200 unfavorable.
    d.
    $16,800 favorable.

    Choice “d” is correct. Price variance is computed as follows:
    Price variance = (Standard price – Actual price) x Actual units
    Price variance = ($20 – $18.50) x 11,200
    Price variance = $1.50 x 11,200 = $16,800 favorable
    The price variance is favorable because the actual price is less than the standard price.

    I understand why it is $16,800, based on the formula, but I do not get why it is favorable…shouldn't the answer be $16,800 UNFAVORABLE? In the Becker textbook they have the formula in a different way: it's (Actual – Budgeted) * Actual units sold…hoping anyone can make me understand! Thank you in advance.

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