Puzzle #28 · Thursday, October 22

Seven questions.
How big can you ride?

A daily equipment finance challenge at CLFP level, judged like a surf contest. Every answer is a wave: choose how hard you go (cruise, charge, or send it), and right answers in a row build bigger waves. Five judges score each one, your seven waves add up to a score out of 57.0, and when you finish you see how you rank among today's surfers.

ConceptLease structures, ASC 842, the UCCTrue lease vs. conditional sale
ScenarioA short deal: structure, risk, or paperworkTechnology equipment
CalculationPayment, rate, or present valuePayment
CreditStatements, ratios, bureaus, and red flagsBureaus & scoring
EstimateBallpark a number, fermi-styleDepreciation & tax
PortfolioCollections, defaults, and end of termEnd of term & remarketing
WildcardIndustry, roles, and the CLFP body of knowledgeFunding & capital

60 seconds a question · cruise to play it safe or send it to go big · a financial calculator is fair game in round 3, if you're quick. One scored session per device per day; replays are practice.

Want more? Unlimited practice: CLFP flashcards and past puzzles, as many as you like.

How to play

7 questions a day. Same for everyone. A new set rolls in at midnight Pacific.
It's a surf contest. Every answer is a wave, and how hard you go is your bet: cruise to play it safe, charge for the standard, or send it to go big.
Right answers in a row build a bigger wave: 5 ft to start, a size bigger for each, up to 30 ft. The bigger the wave, the more the judges give it.
Wrong, and you wipe out. Cruising or charging, the judges still score the ride up to the fall, and your streak is kept. Sending it is all or nothing: miss and you're back to 5 ft.
Five judges hold up cards for every wave, and the high and the low are dropped. Your score is your seven waves added up, up to 57.0.
60 seconds each. When the clock runs out, whatever you've picked or typed is locked in, going as hard as you chose. With nothing entered you miss the wave: no score, and your streak is kept.
Your first session on a device counts. Replays are practice.
Want more? Unlimited practice serves CLFP flashcards and past puzzles, as many as you like.

What each choice scores on a 5 ft wave
On 5 ft	Right	Wrong
Cruise	3.8	2.5streak kept
Charge	5.0	1.8streak kept
Send it	6.3	0.0streak lost

A bigger wave multiplies them: 10% more for each size up, up to 60% more on 30 ft, where sending it and landing is a perfect 10. A numeric answer lands at 40% accuracy or better, and the closer it is, the more of that score it earns.

Concept, Scenario, Credit, Portfolio, Wildcard: Multiple choice. Right, and you land it; wrong, and you wipe out.
Calculation: Work it out: payment, rate, or present value. Full accuracy within a tight tolerance (0.1% on dollars, 0.02 points on rates), then less the further off you are. A financial calculator is fair game.
Estimate: Ballpark it. Scored on a log scale: within 10% is full accuracy, 2× off is about half, 4× off is zero.

Ride the curve. When you finish, you'll see how your score stacks up against everyone who played today.

Calm motion

Rides play without flips, spins, or tumbling, waves rise in place instead of rolling in, and the sea stays still.

No sign-up. We store only an anonymous, hashed device ID with your scores. Questions are educational, not tax, legal, or accounting advice.