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NEW QUESTION # 111
When forecasting monthly cash flows, which of the following businesses would be MOST impacted by seasonality?
- A. Hardware store
- B. Law firm
- C. Eyeglasses store
- D. Toy store
Answer: D
NEW QUESTION # 112
On the way to purchase a shirt, a consumer realizes that the shirt is on sale for 20 percent off its original price. What is an outcome of this scenario?
- A. The supplier will price the shirt below its willingness to sell.
- B. The customer's willingness to pay for the shirt will fall.
- C. The customer will buy more shirts.
- D. The customer will capture more value from the purchase.
Answer: D
NEW QUESTION # 113
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 opening of a large and expensive apartment complex close to the cafe
- B. The university announcing decreased enrollment numbers for next year
- C. An increase in the cafe's rent
- D. The expansion of the university, displacing office buildings in the neighborhood
Answer: A
NEW QUESTION # 114
What can an analyst conclude about an industry that has a high level of government regulation, including permits and licenses?
- A. The willingness to pay for products produced in this industry will increase as more firms enter.
- B. There will likely be few firms in the industry.
- C. Firms in the industry will earn negative economic profits.
- D. Customers will incur high switching costs if they choose to purchase from a new firm.
Answer: B
NEW QUESTION # 115
Which of the following pieces of information can be determined by looking at an income statement?
- A. The increase or decrease in owner's equity for the accounting period
- B. The amount of pretax profit or loss during the accounting period
- C. The change in cash position during the accounting period
- D. The amount of tax paid during the accounting period
Answer: B
NEW QUESTION # 116
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 solvency of Company A increased in 2013.
- C. The efficiency in using inventory of Company A increased in 2013.
- D. The profitability of Company A increased in 2013.
Answer: C
NEW QUESTION # 117
A local restaurant owner decides to poll individuals randomly regarding how much they would be willing to spend on a romantic dinner for two. The owner takes a preliminary sample of 32 people and finds that the average amount those surveyed were willing to pay is $35 with a standard deviation of $10. The owner is not satisfied, however, because the owner wants to be 95% sure that the mean of the new sample falls within $2 of the true mean. What is the minimum number of people the owner should interview? Note that z=1.96 for a 95% confidence interval.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 118
A market research team conducted a pilot test for its new product. The team observed 50 volunteers and recorded their response scores. Using the sample mean and standard deviation, ahypothesis test was performed to see if the average response score was greater than 90. The team calculated a p-value of 0.0477. Which of the following statements is correct?
- A. Without a specified significance level, the p-value cannot be used as evidence to reject or accept the null hypothesis.
- B. The p-value shows that the probability the average score is less than 90 is 0.0477.
- C. The p-value is less than 0.05; hence, there is evidence to reject the null hypothesis.
- D. The p-value shows that the probability the average score is more than 90 is 0.0477.
Answer: A
NEW QUESTION # 119
Individual orange farmers in a country decide to pool their advertising money and collectively release a new series of advertisements for oranges. Why would the farmers do this?
- A. They want to increase their market power in the orange production industry.
- B. They want to shift the demand curve for oranges to the right.
- C. They want to shift the supply curve for oranges to the right.
- D. They want to differentiate their brands.
Answer: B
NEW QUESTION # 120
The data below is a sampling of the percentage of smokers in a country's population.
Suppose an additional country were added to the data with a smoking rate of 22.5%.
How would the mean and median be affected?
- A. The mean would decrease and the median would increase.
- B. Both the mean and median would increase.
- C. Both the mean and median would decrease.
- D. The mean and median would remain the same.
Answer: A
NEW QUESTION # 121
Company B has the following summarized Statement of Cash Flows for the year. Company B is MOST likely in what stage of the business life-cycle?
- A. Declining - shrinking
- B. Profitable - moderate growth
- C. Start-up - fast growing
- D. Mature - no growth
Answer: B
NEW QUESTION # 122
Which of the following options would increase the willingness to pay for new cars in a country?
- A. The overall price of cars decreases by 15 percent.
- B. A new highway is built between two major cities.
- C. The government increases the tax on new cars.
- D. The number of commuters that use public transit to get to work increases.
Answer: B
NEW QUESTION # 123
Managers of a milk processing company have hired an ad agency that proposed an advertising campaign to encourage the consumption of milk. Some managers are concerned that the advertisements do not promote the company itself. Under what circumstances would it be beneficial for the firm to adopt the campaign?
- A. The firm has a large market share.
- B. The firm faces many strong competitors.
- C. The firm is currently losing money.
- D. There is significant product differentiation in the milk industry.
Answer: A
NEW QUESTION # 124
A 95% confidence interval for a sample of data is as follows: Sample Mean: 90.5 Upper Bound: 98 Lower Bound: 83
Given this data, the tester is 95% confident that:
- A. all of the observations will fall between 83 and 98.
- B. the true population mean falls between 83 and 98.
- C. the sample mean of 90.5 equals the true population mean.
- D. the sample mean falls between 83 and 98.
Answer: B
NEW QUESTION # 125
A company buys a machine for $175,000. The machine will be depreciated on straight-line basis over a 10-year period with salvage value of $25,000. The company expects the machine to generate after-tax net cash inflows of $30,000 in each of the 10 years. At the end of the 10 years, the machine is expected to be sold for $25,000. The discount rate is eight percent.
What is the net present value?
- A. $51,300
- B. $26,300
- C. $212,875
- D. $37,875
Answer: D
NEW QUESTION # 126
A company purchased a piece of equipment for $100,000 on Jan. 1, 2012. The estimated useful life is 10 years with no salvage value at the end of the10-year period. The company used the straight-line method to depreciate this equipment in 2012. However, in 2013, the company decided to change the depreciation method to the double-declining method. What effect did this change in depreciation methods have on the income statement for 2013 and the balance sheet as of Dec. 31, 2013?
- A. The total assets decreased, and the net income decreased.
- B. The total assets decreased, and the net income increased.
- C. The total assets increased, and the net income decreased.
- D. The total assets increased, and the net income increased.
Answer: A
NEW QUESTION # 127 
Which of the following situations requires dummy variables to be used in the regression model?
- A. A study to examine the relationship between average salary and age of buyer on the amount spent on housing
- B. A study to examine the relationship between the season and amount of water pollution on the number of sea-turtles
- C. A study to examine the relationship between stock prices and interest rates on company revenue
- D. A study to examine the relationship between age and weight on the probability of breast cancer
Answer: B
NEW QUESTION # 128
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 have strong loyalty to existing keyboard manufacturers.
- B. Consumers find it difficult to switch keyboards once they have learned to type.
- C. Consumers' demand for keyboards is relatively inelastic.
- D. Consumers do not understand the company's differentiation strategy.
Answer: B
NEW QUESTION # 129
Which of the following companies could expect to have the fewest competitors? (Select all that apply.)
- A. Airline
- B. Real estate agency
- C. Tutoring service for grade school math
- D. Restaurant
- E. Automobile manufacturer
Answer: A,E
NEW QUESTION # 130
A study is conducted to determine what factors drive used car prices. The study initially examined two variables: the make of the car and the number of miles driven on the car. Not surprisingly, the group commissioning the study found that there was a strong relationship between these two variables and price. In an attempt to explain more of the variation in price the researcher added a thirdvariable:the car's age (in years).A prior study had shown that age was a significant factor in explaining used car selling prices. When added to the new model, however, the group found that although adding age explained more of the variation in price, age was no longer significant when combined with the car's make and miles. This problem is an example of:
- A. homoskedasticity
- B. multicollinearity
- C. lagged variables
- D. heteroskedasticity
Answer: B
NEW QUESTION # 131
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