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NEW QUESTION # 104
What are the items that companies using the International Financial Reporting Standards (IFRS) might place in different sections within the statement of cash flows compared to those reporting under US Generally Accepted Accounting Principles (GAAP)?
- A. Loan payments and stock issued
- B. Capital expenditures and depreciation
- C. Inventory and net income changes
- D. Interest and dividends
Answer: D
NEW QUESTION # 105
The assets of Company A at the end of their fiscal year are shown on the following common-size table.
Company A is MOST likely to be which of the following types of business?
- A. Commercial bank
- B. Law firm
- C. Brewery
- D. Car dealership
Answer: C
NEW QUESTION # 106
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. 0.9
- C. -0.2
- D. 0.2
Answer: B
NEW QUESTION # 107
After a year of reduced profits, a commuter rail service has decided to charge a premium for peak hour users. In a media statement released to the public, the rail service company claimed that consumers will benefit from this decision. In what way could consumers benefit from this pricing structure?
- A. The pricing structure will increase congestion during peak hours.
- B. The price change makes it more likely that competitors will enter the market.
- C. On average, consumers will have a greater share of the value created by the rail service after the price change.
- D. The pricing will allow the rail service to continue to serve consumers with lower willingness to pay.
Answer: D
NEW QUESTION # 108
The equilibrium quantity of sugar decreases, and the equilibrium price increases. Which of the following events would definitely result in these changes in the market for sugar?
- A. An earthquake occurs that damages many sugar processing facilities.
- B. A new and more efficient harvesting method is developed for sugar.
- C. A new health report emphasizes the risks of sugar consumption, and at the same time an earthquake occurs that damages many sugar processing facilities.
- D. A producer of artificial sweeteners goes out of business, and at the same time an earthquake occurs that damages many sugar processing facilities.
Answer: A
NEW QUESTION # 109
The owner of a small bakery is interested in forecasting the bakery's total sales for a certain date. The owner believes that sales on a given day are influenced by the day's highest temperature (in degrees F) and whether the day falls on a weekend (Saturday or Sunday). A random sample of 60 days is taken from November 2013 to May 2014; the regression results are given below. If the high temperature for tomorrow, a Thursday, is forecasted to be 60 degrees F, what does the model predict the total sales will be?
Note that the weekend dummy variable takes a value of one for Saturday and Sunday and zero otherwise.
- A. $2,042.13
- B. $1,271.27
- C. $500.41
- D. $1,571.27
Answer: B
NEW QUESTION # 110
Which of the following statements is NOT true regarding Company A? Exhibit:
- A. The efficiency in collecting receivables of Company A increased in 2013.
- B. The profitability of Company A increased in 2013.
- C. The solvency of Company A increased in 2013.
- D. The efficiency in using inventory of Company A increased in 2013.
Answer: D
NEW QUESTION # 111
A company bought a piece of land in 2012 for $200,000. In 2013, the piece of land temporarily reduced in value to $150,000 but then appreciated in value to $220,000. How would the company report this piece of land on its balance sheet for 2013?
- A. $200,000
- B. $220,000
- C. $185,000
- D. $150,000
Answer: A
NEW QUESTION # 112
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. u5.3
- C. u<5.3
- D. u=5.3
Answer: A
NEW QUESTION # 113
Which of the following practices conforms to the conservatism principle?
- A. Reporting a fixed asset at its net book value
- B. Capitalizing research costs incurred before a product is proven to be technologically feasible
- C. Recognizing a gain when investments appreciate in value
- D. Reporting inventory at the lesser value between cost and market value
Answer: D
NEW QUESTION # 114
After a small country begins permitting the import of automobiles, a foreign automobile manufacturer begins shipping cars to the country. This manufacturer can produce cars much more cheaply than the only manufacturer located in the country and therefore enjoys significant profits. What will erode the profits for the foreign manufacturer?
- A. Demand for cars in other countries will also increase.
- B. The foreign manufacturer will build a plant inside the country.
- C. The foreign manufacturer's per-unit costs will increase as its output increases.
- D. Other foreign manufacturers will also begin shipping cars to the country.
Answer: D
NEW QUESTION # 115
A cafe located near a university used to only sell one type of coffee for $1.50 a cup. It decided to start selling a new premium cup for $2.50 while still keeping its standard coffee at $1.50. What recent event might have prompted this new product offering?
- A. The expansion of the university, displacing office buildings in the neighborhood
- B. The university announcing decreased enrollment numbers for next year
- C. The opening of a large and expensive apartment complex close to the cafe
- D. An increase in the cafe's rent
Answer: C
NEW QUESTION # 116
Using the histogram below, how many companies have market capitalizations of more than $248 billion and up to and including $260 billion?
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- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
Explanation:
Topic 2, Economics for Managers
NEW QUESTION # 117
Which of the following activities will NOT cause net cash provided by investing activities to increase under US Generally Accepted Accounting Principles (GAAP)?
- A. Collecting cash as principal from loans made to others
- B. Selling fixed assets to another party for cash
- C. Receiving interest on loans made
- D. Selling short-term investments for cash
Answer: C
NEW QUESTION # 118
An airline company wants to improve its understanding of its product and customers. Using an internal model, the company predicts that business class revenues will decrease if the price of business class is reduced, but coach class revenues will increase if the price of coach class is reduced. Why might this be the case?
- A. There are too many business class seats in the airplane.
- B. Coach travelers typically have a lower opportunity cost of time than business travelers.
- C. Business class travel is a luxury good.
- D. Coach travelers often pay out of their own pocket, whereas business travelers do not.
Answer: B
NEW QUESTION # 119
Which of the following situations is an example of materiality in accounting?
- A. Company A receives an order from its largest customer, but it is a relatively small order. Company A does not make any entry into the accounts at the time it receives the order.
- B. Company A owns land that it purchased for $100,000 twenty years ago. The land is now appraised at $250,000, but Company A does not adjust the value of the land in its accounts.
- C. Company A initiates a relatively small new advertising campaign. Company A decides to include these costs as part of selling, general, and administrative expenses on the income statement rather than disclose them separately.
- D. Company A wants to purchase $100,000 worth of fabric to use in its upholstery business. However, the supplier will not grant credit for a purchase that large, so Company A reduces the order to $20,000.
Answer: C
NEW QUESTION # 120
An individual has relocated to a new city for a job and is looking for an apartment. Apartments in this city tend to be low in price but are often in disrepair and lack extra amenities. For each new apartment that comes on the market, there are dozens of people who wish to rent it. What could explain these conditions?
- A. The city is experiencing an economic recession.
- B. There is a price ceiling on apartment rental prices.
- C. Landlords are maximizing profits.
- D. The city has become popular and more people are moving there.
Answer: B
NEW QUESTION # 121
Company A is a large passenger airline. As part of their annual internal budget process they do a sensitivity analysis of their revenue forecast over their existing routes and schedules. The analysis evaluates the impact of a three percent decline in passenger revenue compared to a three percent increase. Which of the following expenses would show the largest change in the analysis?
- A. Income tax expense
- B. Aircraft maintenance expense
- C. Depreciation and amortization expense
- D. Salary expenses for flight crew
Answer: A
NEW QUESTION # 122
A study was conducted to examine the relationship between age, education level, number of minor legal offenses, daily alcohol consumption, and annual income.
Based on the regression output below, what is the 95% confidence interval of the variable that has the highest statistical significance?
- A. (-3,990.67; 6,334.97)
- B. (-1,374.98; 1,232.89)
- C. (-6,560.05; 3,313.41)
- D. (303.02; 9,839.49)
Answer: D
NEW QUESTION # 123
In an automobile manufacturing factory, selected cars are subjected to a crash test to ensure they meet baseline safety requirements. The null hypothesis of the crash test is that all cars are safe. The manufacturer aims to guarantee that all cars it sells meet the safety requirements. Which type of error is MORE serious for the automobile manufacturer?
- A. Type II error
- B. Type I and Type II are equally serious.
- C. Type I error
- D. Neither Type I nor Type II is serious.
Answer: A
Explanation:
NEW QUESTION # 124
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