[jeff]

Welcome to the Q2 2016 CPA Exam Study Group for BEC.

Some BLITZ videos to help your exams: https://www.another71.com/ninja-blitz

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

[Bear-Bear]

I'm so bummed right now. Ninja is down to 76 trending/75 average. I'm halfway through adaptive learning and the questions seem to be getting more and more impossible. My confidence is in the gutter after trending above 80 just yesterday. 🙁 12 days til exam time.

[Larry]

Bear-Bear, I know the feeling. Take a step back from studying, maybe 30 mins off. Refresh your mind do something else. If you have to, go back to the book and read up on what you think you're weak at. Any topic that you are strong in, just briefly go through just to keep you on track. 12 days is plenty of time to work.

REG - 82
FAR - 78
BEC - 76
AUD - 8/27/16

[mtaylo24]

Am I the only one how divides 2 of 10 on net 2/10 questions like an idiot?

AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
REG - 55 (2/16) 69 (5/16) Retake(8/16)
BEC - 71(5/16) Retake (9/16)
FAR - (8/16)

[Larry]

I've done worse, showed up to the testing center without my NTS. I grabbed the wrong paper and didn't realized it when I parked at the testing center. Luckily, my parent's business contracts with the office building for locks and I was able to go to the management office to print a copy. I was totally saved.

REG - 82
FAR - 78
BEC - 76
AUD - 8/27/16

[mtaylo24]

Try thinking that your exam was scheduled for Aug 30, only to look at your NTS that day showing Aug 29. #facepalm

AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
REG - 55 (2/16) 69 (5/16) Retake(8/16)
BEC - 71(5/16) Retake (9/16)
FAR - (8/16)

[Bear-Bear]

I'm just trying to calm myself down as I watch my trending score decline more each day…from 80 to 76 to 73…telling myself that I am learning with each mistake. I only hope that it will at least break 80 by the time exam day is here, otherwise I will have lost a great deal of confidence. Not sure why, but that $%# *!@ trending score has SUCH a huge psychological effect on me.

[Larry]

Wow mtaylo…you have me beat.

Bear-Bear, keep working on it.

I'm having issues with foreign exchange rates and etc. Make someone can help me memorize this better because somehow I keep screwing up.

When the US dollar appreciates relative to the foreign currency $1 to $.75 to 1 euro? Is that how it goes. There's too many charts in Becker and it's throwing me off. I know that if the US dollar appreciates, we'd sell more to the foreign country. But what does our dollar look like? $1 to $.75 right?

REG - 82
FAR - 78
BEC - 76
AUD - 8/27/16

[Bear-Bear]

180 MCQs down…60 more to go. Trending 74. If you're going through hell…keep going.

[Larry]

Can someone help me with this?

Spear Corp. had sales of $2,000,000, a profit margin of 11%, and assets of $2,500,000. Spear decided to reduce its debt ratio to 0.40 from 0.50 by selling new common stock and using the proceeds to repay principal on some outstanding long-term debt. After the refinancing, what is Spear's return on equity?

Here's the explanation:

Assets total $2,500,000. The sum of liabilities and equity also equals $2,500,000. The company will have debt equal to 40% of the $2,500,000, or $1,000,000. That leaves equity of $1,500,000. Since the profit is 11% of the $2,000,000 sales, the company has a profit of $220,000. Return on equity is net income divided by equity; profit of $220,000 divided by equity of $1,500,000 gives return on equity of 14.7%.

Maybe I'm not seeing this but how did they come up with 40% for debt?

REG - 82
FAR - 78
BEC - 76
AUD - 8/27/16

[Larry]

Bear-Bear, I went back up to 74 and now down to 70. This section sucks!!!

REG - 82
FAR - 78
BEC - 76
AUD - 8/27/16

[lolo]

@Papogator24, its the debt ratio, they say in the question that the debt ratio is 0.40. the debt ratio equals total assets/total liabilities by that it will be an equation 0.40=total liability/2,500,000 ===> total liability equals 0.40 of total assets(2,500,000) that's what is the 40%!!

My Nick name is sunshine, but the fact is I have not been in touch with it since I started this CPA exam! IT HURTS

AUD - ✔ Passed Becker self study!
BEC - ✔ Passed Becker self study!
FAR - ✔ Passed Becker self study!
REG - TBD

[Larry]

Thanks Sunshine. What a total brain fart I was having.

REG - 82
FAR - 78
BEC - 76
AUD - 8/27/16

[lolo]

lol, no problem it happens!

My Nick name is sunshine, but the fact is I have not been in touch with it since I started this CPA exam! IT HURTS

AUD - ✔ Passed Becker self study!
BEC - ✔ Passed Becker self study!
FAR - ✔ Passed Becker self study!
REG - TBD

[Larry]

Good Morning everyone! Hope all of you are doing well with the studying! As Peter Olinto from Becker says, “Who's better than us? Nobody!”

REG - 82
FAR - 78
BEC - 76
AUD - 8/27/16

[60sixx]

Just came here to whine a minute. I feel like there is NO WAY I can pass BEC. There is just too much information, too many formulas, how in the HELL can I remember this stuff? I'm scheduled to take on 6/4 and I already feel DOOMED.

AUD - 76
REG - 86
BEC - 76
FAR - 9/3/16

[Author]

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