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HBX Certification CORe Exam Practice Dumps
NEW QUESTION 142
Which of the following options represent implicit transactions? (Select all that apply.)
- A. The recognition of revenue over time related to payment received in advance for a multiyear contract
- B. Recording a loss on the sale of a piece of plant equipment
- C. Interest expense accrued at the end of the fiscal year
- D. The repurchase of shares of the company's stock
- E. An inter-company sale of goods under a short term agreement
Answer: A,C
NEW QUESTION 143
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. Capital expenditures and depreciation
- B. Loan payments and stock issued
- C. Interest and dividends
- D. Inventory and net income changes
Answer: C
NEW QUESTION 144
A researcher wants to know the impact that obesity and universal health care have on the amount a country spends on healthcare as measured by the percentage of gross domestic product (GDP). The researcher collects data from 30 countries on the percentage of the population considered to be obese and whether that country offers universal health care to their citizens. A dummy variable is constructed to measure the latter: the variable is set to equal 1 for countries that offer universal health care and 0 for those that do not. The researcher wishes to set up a regression analysis to measure the effects these two variables have on health care spending. A partial view of the data is shown below.
Based on the available data, what ranges should be entered into the Excel regression dialog box for the dependent and independent variables?
- A. Dependent Variable. B1:B31; Independent Variable. C1:D31
- B. Dependent Variable. C1:D31; Independent Variable. B1:B31
- C. Dependent Variable. B1:C31; Independent Variable. D1:D31
- D. Dependent Variable. A1:A31; Independent Variable. B1:C31
Answer: A
NEW QUESTION 145
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. Mature - no growth
- B. Profitable - moderate growth
- C. Declining - shrinking
- D. Start-up - fast growing
Answer: B
NEW QUESTION 146
A heavily populated town with many gas stations has an average price of $3.25 for a gallon of gasoline. However, one gas station charges $3.60 for a gallon of gasoline and remains very competitive in the market. Which of the following situations could NOT explain this gas station's success?
- A. The gas station is in a convenient location for its customers.
- B. The gas station entered the market earlier than any of its competitors.
- C. The gas station offers a free car wash if customers purchase 10 or more gallons of gas.
- D. The gas station offers a loyalty program through which customers can earn points toward future purchases.
Answer: B
NEW QUESTION 147
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 148
Which of the following histograms, each with nine observations, has a median of five? A)
B)
C)
D)
- A. Option A
- B. Option D
- C. Option B
- D. Option C
Answer: B
NEW QUESTION 149
A company sold a piece of equipment to another party for $150,000. The equipment was originally purchased for $300,000. Depreciation of $200,000 had been recognized against the equipment. How would the accounting equation for the company be impacted upon the disposal of the equipment?
- A. Assets decreased by $100,000 and owner's equity increased by $100,000.
- B. Assets increased by $50,000 and owner's equity increased by $50,000.
- C. Assets increased by $150,000 and owner's equity increased by $150,000.
- D. Assets decreased by $100,000 and assets increased by $100,000.
Answer: B
NEW QUESTION 150
In determining free cash flows, how is the change in net working capital calculated?
- A. Current Assets (previous year) - Current Assets (year projected)
- B. Receivables minus Payables (year projected) - Receivables minus Payables (previous year)
- C. Current Assets minus Current Liabilities (year projected) - Current Assets minus Current Liabilities (previous year)
- D. Ending balance of cash (previous year) - Ending balance of cash (year projected)
Answer: C
NEW QUESTION 151
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. A new health report emphasizes the risks of sugar consumption, and at the same time an earthquake occurs that damages many sugar processing facilities.
- B. An earthquake occurs that damages many sugar processing facilities.
- C. A producer of artificial sweeteners goes out of business, and at the same time an earthquake occurs that damages many sugar processing facilities.
- D. A new and more efficient harvesting method is developed for sugar.
Answer: B
NEW QUESTION 152
A study was conducted to examine the effect of age, education level, number of minor legal offences, and daily alcohol consumption on annual income.
Which of the following hypothesis tests is NOT conducted in the multiple linear regression output table?
- A. A hypothesis test for the significance of age on annual income, provided that education level, number of minor legal offenses, and daily alcohol consumption remain constant
- B. A hypothesis test for the significance of all four independent variables on annual income
- C. A hypothesis test for the significance of annual income on the four independent variables
- D. A hypothesis test for the significance of education level on annual income, provided that age, number of minor legal offenses, and daily alcohol consumption remain constant
Answer: C
NEW QUESTION 153
Two years ago, the purchasing manager at a company spent $25,000 on a new machine that would improve production efficiency at the company. The manufacturers of the machine release an updated model that costs $35,000 and that promises to further improve production efficiency. Under what conditions should the purchasing manager upgrade to the new model?
- A. If the efficiency improvements from the old machine did not result in enough savings to offset the $25,000 purchase price
- B. If the savings from the additional efficiency improvements are large enough to offset the $10,000 difference in price between the machines
- C. If the savings from the additional efficiency improvements are large enough to offset the $60,000 spent on machines
- D. If the savings from the additional efficiency improvements are large enough to offset the $35,000 cost of the new machine
Answer: D
NEW QUESTION 154
In a small town, there are two Mexican restaurants. Restaurant A serves traditional dishes from Western Mexico while Restaurant B primarily serves Northern Mexican cuisine. Many more residents of the town are willing to buy the Northern cuisine than the Western cuisine. Which of the following reasons could NOT explain why Restaurant A continues to offer a different menu than that of its competitor?
- A. Restaurant B is operating at its minimum efficient scale.
- B. Restaurant A fears that changing its menu will increase competition and erode profits.
- C. Restaurant A is able to charge higher prices for its dishes than Restaurant
- D. Restaurant A is currently earning 0 profits.
Answer: D
NEW QUESTION 155
If an analyst looks at a start-up's statement of cash flows for the past three years, it is MOST likely that the analyst will find:
- A. a significant positive operating cash flow because of the effect of depreciation.
- B. a large positive financing cash flow, because the start-up has been funded by investors or other third parties.
- C. a positive investing cash flow, because the start-up has just enough equipment to operate.
- D. a significant positive operating cash flow, because the start-up may achieve a large market share.
Answer: B
NEW QUESTION 156
A company paid $150,000 of income tax for 2013. During the year, the company recognized $80,000 of interest revenue from municipal bonds. Income from municipal bonds are tax exempt. The company's net deferred tax assets increased from $45,000 to $75,000. The income tax rate is 30 percent. What is the amount the company should report as its pretax accounting income for 2013?
- A. $480,000
- B. $520,000
- C. $320,000
- D. $680,000
Answer: A
NEW QUESTION 157
A group of season ticket holders wants to forecast what the total attendance at National Football League (NFL) games will be next season. A study by the US Census Bureau predicts that the total US population next year will be 310.738 million and the percent change in disposable income per capita will be 1.0%.
Based on the regression output below, which of the following figures is the MOST accurate prediction for total NFL attendance next season?
- A. 13.0 Million
- B. 27.6 Million
- C. 4.9 Million
- D. 17.1 Million
Answer: D
NEW QUESTION 158
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 159
The government decides to set a price ceiling on corn. The price ceiling is set 10% above the equilibrium price. What would be the result of this government action?
- A. The price ceiling would have no effect on the market.
- B. There would be a shortage of corn.
- C. Consumer surplus would increase.
- D. There would be a surplus of corn.
Answer: A
NEW QUESTION 160
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 161
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. Customers will incur high switching costs if they choose to purchase from a new firm.
- D. Firms in the industry will earn negative economic profits.
Answer: B
NEW QUESTION 162
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