[Sep 01, 2021] CORe Dumps Full Questions - Exam Study Guide
HBX Certification Free Certification Exam Material from Prep4sures with 265 Questions
NEW QUESTION 67
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 68
A student wants to analyze the relationship between the percentage of the population in a given city with some college experience and the newspaper circulation in that city. College experience is defined as the percentage of adults in the city that have completed high school and taken some classes at the college level. The appropriate data were collected and a regression analysis was performed, the results of which are displayed below.
Assuming a 5% significance level, what can be said about the relationship between newspaper circulation and the percent of the population with some college experience?
- A. The student should reject the null hypothesis: there is not enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
- B. The student should reject the null hypothesis: there is enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
- C. The student should not reject the null hypothesis: there is not enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
- D. The student should not reject the null hypothesis: there is enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
Answer: C
NEW QUESTION 69
On July 1st, a company paid $12,000 for an annual insurance policy covering the month of July through the following June. Which of the following statements reflects how this payment would be recorded on July 1st under the accrual method?
- A. Cash would be debited for $12,000, and accrued insurance would be credited for $12,000.
- B. Prepaid insurance would be debited for $12,000, and accrued insurance would be credited for $12,000.
- C. Insurance expense would be debited for $12,000, and cash would be credited for $12,000.
- D. Prepaid insurance would be debited for $12,000, and cash would be credited for $12,000.
Answer: D
NEW QUESTION 70
A new technological improvement is invented for the production of coffee. At the same time, the price of tea (a substitute for coffee) decreases, and the price of sugar (a complement to both coffee and tea) increases. What is the known result for the new equilibrium for coffee?
- A. Price increases
- B. Quantity and price both decrease
- C. Price decreases
- D. Quantity and price both increase
Answer: C
NEW QUESTION 71
A professor asks a class of 100 students to spend the weekend sampling the heights of adults. After each student samples 30 adults, the student is then asked to calculate the mean of his or her sample. As the professor collects the individual sample results from each student, which of the options below is the MOST likely to be observed?
- A. As more samples are collected, the average of the sample means increases but will not converge to the true population mean.
- B. As more samples are collected, the average of the sample means decreases but will not converge to the true population mean.
- C. As more samples are collected, the sample means will converge to the true population mean.
- D. As more samples are collected, the sample means may vary but the average of the sample means will converge to the true population mean.
Answer: D
NEW QUESTION 72
In Dec. of 2013, a company signed a promissory note and recorded a note payable of $150,000. This note is payable in three equal annual installments beginning from Dec. of 2014. How should the company report the note payable on its Dec. 31, 2013 balance sheet?
- A. $150,000 in current liability
- B. $50,000 in current liability and $100,000 in noncurrent liability
- C. $50,000 in noncurrent liability and $100,000 in current liability
- D. $150,000 in noncurrent liability
Answer: B
NEW QUESTION 73
A company's Balance Sheet for the year ended Dec. 31, 2013 is as follows:
(In millions)
The company is MOST likely in which of the following industries?
- A. Civil aviation
- B. Commercial banking
- C. Pharmaceutical
- D. Retailing
Answer: D
NEW QUESTION 74
An accountant pays $30,000 for inventory purchased on credit last month. This payment will impact the accounting equation by decreasing assets and:
- A. Increasing owner's equity
- B. Decreasing owner's equity
- C. Increasing assets
- D. Decreasing liabilities
Answer: D
NEW QUESTION 75
Most patients who need organ transplants rely on donors, as the buying and selling of organs is illegal. If a country legalized the buying and selling of organs, what would be the result?
- A. There would be a decline in total welfare in the country.
- B. There would be a shorter waiting time for organ transplants.
- C. Fewer organ transplants would be available.
- D. Only wealthy citizens of the country would be better off.
Answer: B
NEW QUESTION 76
An individual surveys 15 people under the age of 40 and asks for their current salary. The resulting histogram is shown below.
How many of those surveyed earn less than or equal to $50,000 a year?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 77
Which of the following options impact the balances shown in the investing section of the statement of cash flows? (Select all that apply.)
- A. Payments made in connection with business acquisitions
- B. Sale of investment securities
- C. Proceeds from issuance of common stock
- D. Financing working capital
- E. Stock based compensation expense
Answer: A,B
NEW QUESTION 78
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. Coach travelers typically have a lower opportunity cost of time than business travelers.
- B. Coach travelers often pay out of their own pocket, whereas business travelers do not.
- C. There are too many business class seats in the airplane.
- D. Business class travel is a luxury good.
Answer: A
NEW QUESTION 79
A dance club earns revenues by charging an entry fee and then selling drinks to attendees. This pricing scheme is MOST similar to:
- A. Offering a rebate on a new television.
- B. Selling a computer and word processing software as a package.
- C. A grocery store that is open only to paying members.
- D. A movie theater providing a discount to college students.
Answer: C
NEW QUESTION 80
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 81
At the end of the accounting period, nominal accounts on the income statement close out to which real account on the balance sheet?
- A. Common stock
- B. Cash
- C. Retained earnings
- D. Dividends payable
Answer: C
NEW QUESTION 82
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