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Created by Harvard Business School staff to bring the dynamism of the HBS class on the web, CORe drenches you in a progression of multimedia contextual evaluations. You will venture right into the part of a business chief and also learn ideas with regards to genuine organization problems successfully moving you to assume and respond swiftly. while giving your strategies to specific students from all throughout the earth. You will certainly leave CORe with one more viewpoint on the world as well as exactly how companies work.
NEW QUESTION 121
Managers at a fast food chain that employs mostly minimum wage workers learn that a new law may increase the minimum wage in the United States by 25 percent. Assuming demand for labor is NOT perfectly elastic, how will this affect the market outcome?
- A. Demand for fast food will increase, offsetting the change in price due to decreased supply.
- B. At any market price, fast food restaurants will be willing to supply less food.
- C. Price and quantity of fast food will not change, but the fast food chain will capture more value.
- D. As more people will be willing to work for the higher wage, the fast food chain's output will increase.
Answer: B
Explanation:
Topic 3, Financial Accounting
NEW QUESTION 122
Many people argue that giving patents for medicines is unfair, because it prevents many people from accessing the products they need to live a healthy life. Why do governments allow patents for medicines?
- A. Patents increase consumers' willingness to pay for medicines.
- B. Governments hope to earn tax revenues on monopoly profits.
- C. Patents protect consumers from counterfeit medicines.
- D. Patents help promote innovation through easier recovery of fixed costs.
Answer: D
NEW QUESTION 123
A researcher wants to determine the relationship between the number of sea-turtles and the depth of the ocean.
Based on the data below, select the correct columnsfor the Excel regression inputranges.
(Select all that apply.)
- A. C1:C18
- B. A1:A18
- C. B1:B18
- D. E1:E18
- E. D1:D18
Answer: B,E
NEW QUESTION 124
After a major storm cuts off power to a large city, the local government passes an anti-gouging law to prevent a surge in the price for gasoline. After the law is in place, government officials learn that a side market for gasoline has developed, in which suppliers are procuring gasoline from surrounding areas and charging more than the legal price. Should the government shut down the side market?
- A. Yes; otherwise the existence of the side market will result in an increase in the legal price of gasoline.
- B. No; by ignoring this side market, the government will be able to collect significant tax revenue.
- C. No; the shortage of gasoline would become more severe if the government shut down the side market.
- D. Yes; shutting down the side market will signal to the market that gasoline suppliers should sell more gasoline at the legal price.
Answer: C
NEW QUESTION 125
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. Ending balance of cash (previous year) - Ending balance of cash (year projected)
- D. Current Assets minus Current Liabilities (year projected) - Current Assets minus Current Liabilities (previous year)
Answer: D
NEW QUESTION 126
A high school teacher believes that the poverty rate in each U.S. state can be explained by the percentage of the population who do not have a high school diploma or equivalent. The teacher collects data from each of the 50 U.S. states; a portion of the data is given below.
Which of the following Excel dialog boxes correctly runs the regression described? A)
B)
C)
D)
- A. Option D
- B. Option C
- C. Option B
- D. Option A
Answer: D
NEW QUESTION 127
A company reduces the price of its product, hoping to increase its overall profits. When the quarterly numbers come in, the company sees that the decrease in price has led to a decrease in profits. It decides to change the price back to its original price, but profits still do not recover to their original levels. What happened?
- A. Demand has become less elastic since the first price change.
- B. The company experienced economies of scale at the lower price.
- C. The price elasticity of demand was 1 before the first price change.
- D. Demand has become more elastic since the first price change.
Answer: D
NEW QUESTION 128
ABC Furniture Store recently hired a new salesperson and wished to examine how that affected the store's daily furniture sales. Prior to the new salesperson's hire, the store averaged $10,000 worth of sales per day with a standard deviation of $1,500. The store's manager took a random sample of 100 days after the salesperson's date of hire and found that the store averaged $11,500 worth of sales per day. Which of the following options would correctly calculate the 95% range of likely sample means for this hypothesis test? Note that the Excel function is: =CONFIDENCE.NORM(alpha, standard_dev, size)
- A. =10000 +- CONFIDENCE.NORM(0.025,1500,100)
- B. =11500 +- CONFIDENCE.NORM(0.05,1500,100)
- C. =11500 +- CONFIDENCE.NORM(0.025,1500,100)
- D. = 10000 +- CONFIDENCE.NORM(0.05,1500,100)
Answer: D
Explanation:
NEW QUESTION 129
Which of the following options is an example of a liability?
- A. The private mortgage of a CFO
- B. A bond purchased at a premium
- C. Outstanding preferred stock
- D. Payment received in advance from a customer
Answer: D
NEW QUESTION 130
Which of the following items would be considered a relevant cash flow for capital budgeting purposes?
- A. Incremental investment in working capital as the sales revenue increases
- B. Research expenses incurred during the previous three years
- C. Fixed operating expenses that will be incurred no matter which alternative is chosen
- D. Intangible and qualitative factors
Answer: A
NEW QUESTION 131
Company A owns properties that it leases for use as plant and office space. Company A received $120,000 on June 25 from Company B as a lease payment for use of a building for six months beginning July 1. What entry would Company A make on July 31?
- A. Debit prepaid rent $100,000 and credit accrued rent $100,000
- B. Debit rent revenue for $20,000 and credit deferred revenue $20,000
- C. Debit cash for $120,000 and credit deferred revenue for $120,000
- D. Debit deferred revenue for $20,000 and credit rent revenue for $20,000
Answer: D
NEW QUESTION 132
A company manager commissions a report to study the relationship between sales volume (in thousands of units) and the number of computers in each of the company's offices.
When the manager receives the report, however, the p-value for the independent variable is missing. Based on the rest of the regression output, which of the following numbers is the correct p-value?
- A. 0.0490
- B. 0.6196
- C. 0.0095
- D. 0.0023
Answer: B
NEW QUESTION 133
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. $212,875
- B. $26,300
- C. $37,875
- D. $51,300
Answer: C
NEW QUESTION 134
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. Car dealership
- B. Law firm
- C. Brewery
- D. Commercial bank
Answer: C
NEW QUESTION 135
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. There would be a shortage of corn.
- B. The price ceiling would have no effect on the market.
- C. There would be a surplus of corn.
- D. Consumer surplus would increase.
Answer: B
NEW QUESTION 136
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