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NEW QUESTION 101
Which of the following transactions is presented in the above journal entry?
- A. An extraordinary disposal of machinery paid in kind
- B. A change of depreciation method during the year
- C. A sale of fix assets with a loss
- D. A sale on credit of fixed assets at a gain
Answer: D
NEW QUESTION 102
When forecasting monthly cash flows, which of the following businesses would be MOST impacted by seasonality?
- A. Eyeglasses store
- B. Toy store
- C. Law firm
- D. Hardware store
Answer: B
NEW QUESTION 103
An executive at an insurance company has developed a new method for determining monthly rates for drivers insured by the company. Using a regression analysis of different factors, the executive has come to the conclusion that the two most important factors are the value of the carand the number of miles the driver lives from the city. The partial regression output table provided by the data is as follows:
Given this information, how much could a driver expect to pay per month for a car worth $45,000 located three miles from the city center?
- A. $313.50
- B. $563.50
- C. $836.50
- D. $250.00
Answer: B
NEW QUESTION 104
A pharmaceutical company was recently awarded a 20 year patent for a new medicine it has developed. Which of the following results could be a consequence of this patent? (Select all that apply.)
- A. The cost to produce the medicine will remain high after the patent expires.
- B. Pharmaceutical companies will be incentivized to develop new medicines in the future.
- C. The pharmaceutical company will charge higher prices for the drug.
- D. The high price of the medicine will result in insufficient demand.
- E. The company will drive its competitors out of the pharmaceutical industry, limiting innovation.
Answer: B,C
NEW QUESTION 105
In a two-sided hypothesis test for a population mean, which of the following statements provides sufficient evidence to reject the null hypothesis at the 5% significance level?
- A. The one-sided p-value is 0.035.
- B. The sample size is large.
- C. The 95% range around the historical population mean includes the sample mean.
- D. The 95% range around the historical population mean does not include the sample mean.
Answer: D
NEW QUESTION 106
A company designs and sells premium jewelry primarily to wealthy professionals living in urban centers. This market is very competitive, and consumers often develop strong brand loyalty. The CEO of the company wants to increase sales. What is the MOST effective advertising strategy?
- A. Emphasizing customers' positive in-store experience at the company
- B. Emphasizing the flaws of one of the company's competitors
- C. Promoting a new line of jewelry that imitates competitors' offerings
- D. Promoting jewelry without mentioning brand names
Answer: A
NEW QUESTION 107
A pharmaceutical company is developing a drug that aims to reduce the recovery time (in days) for a particular illness. To test the effect, the company gives 200 randomly selected patients a placebo and 200 randomly selected patients the new drug. The findings from the study are provided below.
Based on this output and a confidence level of 95%, which of the following options would be considered correct?
- A. The researchers would not reject the null hypothesis. Furthermore, they would suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.
- B. The researchers would not reject the null hypothesis. Furthermore, they would continue production of the new drug, because there is evidence that it significantly lowers recovery time.
- C. The researchers would reject the null hypothesis. Furthermore, they would suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.
- D. The researchers would reject the null hypothesis. Furthermore, they would continue production of the new drug, because there is evidence that it significantly lowers recovery time.
Answer: A
NEW QUESTION 108
What transaction is presented in the above journal entry?
- A. Amortization of prepaid rent
- B. Rent paid in installments
- C. Accrual for rent outstanding
- D. Payment of rent in advance
Answer: A
NEW QUESTION 109
A technology and design company has created a new type of keyboard with different letter placement to make typing easier and more efficient. This new design is also cheaper to manufacture, and the company is able to price the keyboard lower than its competitors. However, sales have been extremely low. What is the MOST likely explanation?
- A. Consumers find it difficult to switch keyboards once they have learned to type.
- B. Consumers do not understand the company's differentiation strategy.
- C. Consumers' demand for keyboards is relatively inelastic.
- D. Consumers have strong loyalty to existing keyboard manufacturers.
Answer: A
NEW QUESTION 110
Which of the following scenarios is an example of a Type I error?
- A. A null hypothesis which is true is not rejected.
- B. A null hypothesis which is false is rejected.
- C. A null hypothesis which is false is not rejected.
- D. A null hypothesis which is true is rejected.
Answer: D
NEW QUESTION 111
Which of the following statements is characteristic of all assets?
- A. They are owned free and clear by the organization.
- B. They are owned or controlled by the organization.
- C. They are obligations to a third party.
- D. They can be converted to cash in the short term.
Answer: B
NEW QUESTION 112
Analysts at a technology company predict that the company will be able to increase the price for its new product after it has been on the market for one year. Which of the following conditions would BEST explain this prediction?
- A. The company faces two well-defined customer segments with different levels of willingness to pay.
- B. As more products are sold, customers' willingness to pay rises.
- C. The firms competing in this industry experience economies of scale.
- D. Input prices for the product are expected to rise in the future.
Answer: B
NEW QUESTION 113
A new weather forecast predicts a storm for Saturday. On Saturday, there will be an outdoor soccer match and an indoor basketball game played. If sports fans enjoy all types of sports, what will happen to ticket sales for both games?
- A. Quantity of basketball tickets sold will increase by the amount of the decrease in quantity of soccer tickets sold.
- B. Soccer ticket prices will decrease, and basketball ticket prices will not be affected.
- C. Soccer ticket prices will increase, and basketball ticket prices will not be affected.
- D. Soccer ticket prices will decrease, and basketball ticket prices will increase.
Answer: D
NEW QUESTION 114
A project has an initial cost of $18,000. The estimated net cash flows of the project are as follows:
What is the project's payback period?
- A. 3.75 years
- B. 3.5 years
- C. 4.0 years
- D. 3.0 years
Answer: B
NEW QUESTION 115
An organization focused on decreasing HIV in developing countries wishes to investigate the relationship between the prevalence of HIV and various education and economic factors. The organization collects data from 2011 for 98 different countries on the prevalence of HIV, as well as average years of schooling, gross domestic product (GDP) per capita, and health expenditures per capita, which they believe all have an impact on HIV prevalence. Which of the following options correctly runs the regression specified above?
A)
B)
C)
D)
- A. Option A
- B. Option D
- C. Option B
- D. Option C
Answer: A
NEW QUESTION 116
In determining Earnings before Interest and Taxes (EBIT), an analyst needs to make what adjustments to the net income amount with regards to income statement items? (Select all that apply.)
- A. Add taxes
- B. Add interest expense
- C. Deduct capital expenditures
- D. Deduct change in net working capital
- E. Add depreciation
Answer: A,B
NEW QUESTION 117
Which of the following items can be found in the "Operating Section" of an indirect method cash flow statement? (Select all that apply.)
- A. Depreciation and amortization amounts
- B. Changes in inventory and accounts payable
- C. Cash paid in business combination
- D. Issuance of common stock
- E. Purchases of property and equipment
Answer: A,B
NEW QUESTION 118
A weight loss clinic had 1,000 clients last year. The distribution of the changes in clients' weights is shown below.
Which of the following Excel formulas would correctly calculate the 95% confidence interval for the true average change in weight? Please note that the formula for calculating confidence intervals in Excel is =CONFIDENCE.NORM(alpha, standard_dev, size).
- A. -1.2 +- CONFIDENCE.NORM(0.025, 2.3, 1000)
- B. -1.2 +- CONFIDENCE.NORM(0.05, 3.5, 1000)
- C. -1.2 +- CONFIDENCE.NORM(0.025, 3.5, 1000)
- D. -1.2 +- CONFIDENCE.NORM(0.05, 2.3, 1000)
Answer: B
NEW QUESTION 119
A trainer believes that a new workout regimen has helped athletes score more points per game. If the previous mean for points scored per player per game was 5.3, which alternative hypothesis below is the trainer trying to substantiate?
- A. u=5.3
- B. u<5.3
- C. u5.3
- D. u>5.3
Answer: D
NEW QUESTION 120
A government is considering issuing a fixed number of permits allowing firms to pollute. When would this system fail to reduce pollution?
- A. If the government issued too many pollution permits
- B. When the price for a unit of pollution is too high
- C. When the system is applied to all industries
- D. During an economic expansion
Answer: A
NEW QUESTION 121
Topic 1, Business Analytic
Exhibit:
Based on the scatterplot below, which of the following correlation coefficients BEST describes the relationship between undergraduate GPA and beginning annual salary?
- A. -0.9
- B. -0.2
- C. 0.9
- D. 0.2
Answer: C
NEW QUESTION 122
A regulatory agency decides to enforce a price ceiling equal to marginal cost for a local utility provider which acts as a monopoly. Which of the following observations is true?
- A. New utility companies will be incentivized to enter the industry.
- B. The demand curve will shift outward.
- C. The government might have to pay the firm a subsidy to prevent it from exiting the industry.
- D. The price will be exactly the same as it would be without regulation.
Answer: C
NEW QUESTION 123
Why are prices typically higher when a firm has monopoly power than when firms are perfectly competitive?
- A. A monopolist cannot sustain profits without expanding production.
- B. Monopolies are profit maximizing, while perfectly competitive firms are not.
- C. A competitive firm has less incentive to keep prices high on inframarginal customers.
- D. Competitive firms do not have enough market power to produce where marginal revenue equals marginal cost.
Answer: C
NEW QUESTION 124
A college bookstore sells textbooks at a 15 percent discount to professors while successfully selling the same books at full price to students. What conditions are present so that the bookstore can charge different prices? (Select all that apply.)
- A. Professors are unable to resell books.
- B. The bookstore has few close competitors.
- C. The books can also be purchased online.
- D. The bookstore is owned by the college where it sells books.
- E. The demand for the books is elastic.
Answer: A,B
NEW QUESTION 125
A hurricane has recently destroyed a major oil supplier's oil rig located in the Gulf of Mexico. If price elasticity of demand for oil is 0, what effect would the hurricane have on the short-term market for oil?
- A. Consumers would reduce their oil consumption.
- B. Other oil producers would decrease their prices.
- C. The oil producer would be willing to supply less oil at any price.
- D. New producers would enter the market to provide the oil that was lost.
Answer: C
NEW QUESTION 126
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