[jeff]

Thread #1 was getting hung up.

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

[Determined CPA]

This is it 31sters! We're almost there!

A - 75
B - 78 God is good.
F - 77 Answered prayers.
R - 84! Done!!

Paperwork sent - waiting for license!!
Still on a cloud and in shock. Through God, all things will happen.

[Determined CPA]

A perfectly inelastic supply curve in a competitive market:

a. Exists when firms cannot vary input usage.

b. Means the equilibrium price must be zero.

c. Says the market supply curve is horizontal.

d. Implies a vertical demand curve.

I picked D, which was wrong. The answer is A.

However, the answer says this:Perfectly inelastic supply curves are also vertical representing that supply is insensitive to changes in price; i.e., the quantity supplied will not change as price changes.

Perfectly inelastic supply curves would exist if firms cannot vary input usage. Regardless of price, the firm has to use all inputs if it produces at all.

Doesn't that make D right?

A - 75
B - 78 God is good.
F - 77 Answered prayers.
R - 84! Done!!

Paperwork sent - waiting for license!!
Still on a cloud and in shock. Through God, all things will happen.

[scarletknight91]

determined, a vertical supply curve and a vertical demand curve are two different concepts.

FAR: PASSED
REG: PASSED
AUD: PASSED
BEC: PASSED

DONE

[Determined CPA]

ugh. thanks

A - 75
B - 78 God is good.
F - 77 Answered prayers.
R - 84! Done!!

Paperwork sent - waiting for license!!
Still on a cloud and in shock. Through God, all things will happen.

[scarletknight91]

the concept of a vertical, inelastic supply curve is that regardless of price, supply will remain constant. the theory, particularly in the long run, is that supply must remain constant at price levels because the inputs needed to make a product are finite. supply can only be sustained at a certain particular level in the long run, suggesting that price is irrelevant, making the supply curve vertical (quantity is fixed, and price determines nothing). a demand curve though can be at any elasticity when the supply curve is inelastic. elasticity of one curve does not determine the elasticity of another.

FAR: PASSED
REG: PASSED
AUD: PASSED
BEC: PASSED

DONE

[Determined CPA]

thanks scarlet. I appreciate your help even though you're not benefiting form this lol

A - 75
B - 78 God is good.
F - 77 Answered prayers.
R - 84! Done!!

Paperwork sent - waiting for license!!
Still on a cloud and in shock. Through God, all things will happen.

[scarletknight91]

no problem at all hah

FAR: PASSED
REG: PASSED
AUD: PASSED
BEC: PASSED

DONE

[scarletknight91]

when you go from intense studying for two months, to doing nothing, youre still in a state of shock so to speak

FAR: PASSED
REG: PASSED
AUD: PASSED
BEC: PASSED

DONE

[Determined CPA]

Shock – I wish!

Just saw this question: never heard of it before, figured id share:

If you were to see the formula (Portfolio return – Risk-free rate) ÷ Standard deviation, you would be dealing with: the Sharpe measure

A - 75
B - 78 God is good.
F - 77 Answered prayers.
R - 84! Done!!

Paperwork sent - waiting for license!!
Still on a cloud and in shock. Through God, all things will happen.

[Anonymous]

I'm studying using Becker and doing BEC.

Can someone please explain what the ABA BSA mnemonic is supposed to mean?

For some reason I cant get what it stands for they blew threw it really quick and didnt give a pass key like usual.

[KimCPA68]

Hi scarlet! No I didn't sit for it today. I am not planning to take it until August or the latest November. I hope that's enough time to study. I get results back from AUD by June 9 or 6th according to the Ninja website.

AUD - 80 (Passed 5/14)
BEC - 8/14 or 11/14
FAR - TBD
REG -TBD

Tell yourself out loud "I can do this!"

[KimCPA68]

Whoops I just realized this section is for q2. Lol. I better look for another section. I hope you all pass. Well, I suppose I could ask how you felt about the test since you took it today. We're all the questions from outer space?

AUD - 80 (Passed 5/14)
BEC - 8/14 or 11/14
FAR - TBD
REG -TBD

Tell yourself out loud "I can do this!"

[rubendario91]

Tomorrow I have BEC and I don't feel very prepared what can I do ?

REG – 89%

BEC – TOMORROW

FAR – AUGUST

AUD – NOVEMBER

REG 89
BEC 77
FAR 89
Aud TODAY!

[Determined CPA]

rubendario91 – do not stress yourself out doing 100s of mcqs tonight. go over topics you aren't feeling good about and get a good nights rest.

Good luck everyone taking an exam tomorrow. I'm done studying for tonight!

A - 75
B - 78 God is good.
F - 77 Answered prayers.
R - 84! Done!!

Paperwork sent - waiting for license!!
Still on a cloud and in shock. Through God, all things will happen.

[MrsBing]

Good luck everyone whose taking the test tomorrow. I think I'm done for the night. My exams at 3pm, so I'm just going to listen to ninja blitz and read notes tomorrow. Not much else I can do.

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[Author]

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