[StephAV]

So embarrassing! It has seriously been 15 years since I took it and I just can’t remember all the rules. So the part I can’t remember is this equation:

300=.3x

X=1000

How do you get the .3 away from the x? I was thinking you divide? I need help! :-/

FAR - 7/13 - 72, 11/13- 74, 2/14- 82!!! Best score ever (for me)!!!
BEC - 1/14 - 75!!! Perfect score! First Pass! YAY!!!
AUD - 8/14 - 80!!!
REG - 5/14 - 72, 10/14 - 66, 1/15 - 78 - DONE FOREVER!!!
I did 5 of the UNA and CPAExcel classes to earn units.

[rjdub28]

Yeah, divide each side of the equation by .3, so:

300=.3x

(300/.3)=(.3x/.3)

That gets x=1000

A - 67, 64, 92!!
R - 61, 75!
B - 80!
F - 68, 78!! DONE!

[MintsRGood]

@Steph Don't feel bad, same thing happened to me over the weekend! I posted about it in the FAR study group thread, but I copied here it for your amusement below! 😉

Here is a FAR funny for your Sunday afternoon! I'm going through a set of 20 over all topics and Wiley presents a solution for a partnership accounting question algebraically and I'm just not seeing their logic. I asked my husband, who is an engineer and math wiz, to take a look and see if he could help explain it in a different way to help me understand the solution. Of course it takes him 30 seconds to analyze the problem and come up with an alternate solution.

I was very appreciative of the help UNTIL he commented on how easy that question was and so on. I just sweetly smiled and asked if he'd like to try his hand at another MCQ because he is SO SMART and here is the MCQ he drew:

In order for a derivative instrument to qualify as a hedging instrument, which of the following must be sufficiently documented?

The objective and strategy of the hedge The hedging instrument and hedged item

A. Yes No

B. Yes Yes

C. No No

D. No Yes

Response from Husband: “Ummmmmmmm…..maybe I should just stick to algebra” and sheepishly left the room.

Karma is a b*tch! 😉

Happy studying everyone!!!!!!!! 🙂

REG: 75 DONE 🙂
AUD: 61, 71, 68, 92 DONE 🙂
BEC: 76 DONE 🙂
FAR: 72, 74, 79 DONE 🙂
Licensed Michigan CPA 🙂
-Some people dream of success...others wake up and work hard for it!!!
-The cowards never start and the weak die along the way!
-You better work, b***h!
-Only those who dare to fail greatly can ever achieve greatly.-JFK

[Author]

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