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NEW QUESTION 33
A DVD manufacturer is considering shutting down its production facility and only selling its movies through digital downloads. The company has signed a contract to pay $3,000 a month for its production facility for the next three years. If the company continues to sell its movies as DVDs, it is projected to earn $8,500 in revenue and spend $3,500 in variable costs each month. Variable costs for the digital downloads are 0. Under what circumstances should the company switch to selling digital downloads?
- A. If each digital download would earn more profits than each DVD sale
- B. If the projected revenue from the digital downloads is more than $2,000 per month
- C. If the demand for movies is expected to decrease in the future
- D. If the projected revenue from the digital downloads is more than $5,000 per month
Answer: D
NEW QUESTION 34
A government is considering issuing a fixed number of permits allowing firms to pollute. When would this system fail to reduce pollution?
- A. If the government issued too many pollution permits
- B. During an economic expansion
- C. When the price for a unit of pollution is too high
- D. When the system is applied to all industries
Answer: A
NEW QUESTION 35
A pharmaceutical company is developing a drug that aims to reduce the recovery time (in days) for a particular illness. To test the effect, the company gives 200 randomly selected patients a placebo and 200 randomly selected patients the new drug. The findings from the study are provided below.
Based on this output and a confidence level of 95%, which of the following options would be considered correct?
- A. The researchers would not reject the null hypothesis. Furthermore, they would suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.
- B. The researchers would reject the null hypothesis. Furthermore, they would suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.
- C. The researchers would reject the null hypothesis. Furthermore, they would continue production of the new drug, because there is evidence that it significantly lowers recovery time.
- D. The researchers would not reject the null hypothesis. Furthermore, they would continue production of the new drug, because there is evidence that it significantly lowers recovery time.
Answer: A
NEW QUESTION 36
In the figure below, what do the two red lines represent?
- A. A point forecast
- B. The residual sum of squares
- C. A prediction interval
- D. The total sum of squares
Answer: C
NEW QUESTION 37
The Beveridge curve displays the relationship between the unemployment rate and the job vacancy rate (the number of unfilled jobs divided by the labor force). A government official wants to forecast the job vacancy rate for next month to see whether jobs posted now are likely to be filled. The official runs a simple regression using monthly U.S. data from 20012013; the results are given below.
If the unemployment rate next month is expected to be 6.6% and the vacancy rate this month was 2.58%, by how much is the vacancy rate forecasted to change? Note that percentages are given as values between 0 and 1.
- A. The job vacancy rate is forecasted to decrease by 0.18 percentage points.
- B. The job vacancy rate is forecasted to increase by 2.39 percentage points.
- C. The job vacancy rate is forecasted to decrease by 20.23 percentage points.
- D. The job vacancy rate is forecasted to decrease by 3.88 percentage points.
Answer: A
NEW QUESTION 38
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 positive investing cash flow, because the start-up has just enough equipment to operate.
- B. a significant positive operating cash flow, because the start-up may achieve a large market share.
- C. a significant positive operating cash flow because of the effect of depreciation.
- D. a large positive financing cash flow, because the start-up has been funded by investors or other third parties.
Answer: D
NEW QUESTION 39
A new weather forecast predicts a storm for Saturday. On Saturday, there will be an outdoor soccer match and an indoor basketball game played. If sports fans enjoy all types of sports, what will happen to ticket sales for both games?
- A. Soccer ticket prices will decrease, and basketball ticket prices will not be affected.
- B. Quantity of basketball tickets sold will increase by the amount of the decrease in quantity of soccer tickets sold.
- C. Soccer ticket prices will increase, and basketball ticket prices will not be affected.
- D. Soccer ticket prices will decrease, and basketball ticket prices will increase.
Answer: D
NEW QUESTION 40
An individual interviews 15 people under the age of 40 and asks each for their age and salary. The resulting scatter plot is shown below.
Based on this graph, the correlation between age and salary appears to be approximately:
- A. -0.3
- B. 0.7
- C. 0.3
- D. -0.7
Answer: B
NEW QUESTION 41
Which of the following options is the measure of how long it takes from the time a business has to pay for inventory from a supplier until it collects cash from the customer from a sale?
- A. Cash efficiency
- B. Working capital
- C. Cash conversion cycle
- D. Days payable outstanding
Answer: C
NEW QUESTION 42
After thorough market research, a company discovers that there are three well-defined customer segments for a new product it plans to release. Customer segment A represents young professionals, who each have a willingness to pay (WTP) of $45. Customer segment B represents college students, who each have a WTP of $25. Customer segment C represents mid-career professionals, who each have a WTP of $100. What price should the company charge for its new product in order to maximize revenues? Assume that each customer segment has the same number of individual customers.
- A. $100
- B. $25
- C. $70
- D. $45
Answer: A
Explanation:
NEW QUESTION 43
An asset manager performs a regression analysis of Boeing's monthly returns against the monthly returns of the Standard and Poor's 500 (S&P 500), a stock market index of 500 large companies. Since the financial market is so volatile, the asset manager decides that it is nearly impossible to forecast exactly what Boeing's monthly returns will be and therefore asks the team to provide a range of possible monthly returns for Boeing. The manager wants to cover as many potential outcomes as possible and asks the team to construct a 99.7% prediction interval. Given the regression output below, which of the following options is a reasonable estimate of the 99.7% prediction interval for Boeing's monthly returns, assuming that the S&P 500 monthly returns decline by 3%? Note that percentages are represented as values between 0 and 1.
- A. -2.66% to -2.18%
- B. 2.26% to 2.58%
- C. -2.58% to -2.26%
- D. 2.18% to 2.66%
Answer: A
NEW QUESTION 44
Which of the following activities will cause assets and owner's equity to decrease?
- A. Pay off the principal and interest of a long-term debt
- B. Declare dividends on outstanding shares
- C. Sell used plant equipment and realize a gain
- D. Repurchase common shares for cash
Answer: D
NEW QUESTION 45
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 offers a free car wash if customers purchase 10 or more gallons of gas.
- C. The gas station entered the market earlier than any of its competitors.
- D. The gas station offers a loyalty program through which customers can earn points toward future purchases.
Answer: C
NEW QUESTION 46
Which of the following measures can reduce multicollinearity in multiple regression? (Select all that apply.)
- A. Increase the sample size
- B. Remove one of the collinear variables
- C. Decrease the sample size
- D. Change the units of one of the independent variables
- E. Remove the intercept
Answer: A,B
NEW QUESTION 47
The media discovers that an automobile manufacturer has been secretly polluting the rivers near its plants. After this discovery, the government imposes a punitive fee on the company, and a group of consumers begins to boycott the manufacturer. What will be the total effect of these simultaneous events?
- A. The equilibrium price of cars from this manufacturer will increase.
- B. The equilibrium quantity of cars purchased from this manufacturer will decrease.
- C. The equilibrium price of cars from this manufacturer will decrease.
- D. The change in equilibrium quantity of cars purchased from this manufacturer cannot be determined.
Answer: B
NEW QUESTION 48
A college senior is considering starting a business instead of accepting a job that offers a $50,000 salary. To determine if there would be demand for the business, the student has spent $1,000 to survey potential customers. After collecting survey data, the student estimates that the business would earn $80,000 in revenues per year. The student should start the business if the annual cost of running the business is less than:
- A. $79,000
- B. $80,000
- C. $29,000
- D. $30,000
Answer: D
NEW QUESTION 49
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 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 not enough evidence to conclude that there is a significant relationship between the percent of the population with some college experience and newspaper circulation.
Answer: D
NEW QUESTION 50
While proposing an advertising campaign to a supermarket, a marketing firm claimed that a previous campaign it designed for a department store increased sales by 10 percent. Which of the following research strategies should the supermarket pursue to determine whether this claim is justified?
I. Research sales growth for the department store's competitors during the time of the campaign.
II. Research sales growth for the marketing firm's other clients after their campaigns.
III. Research sales growth for companies that used different marketing companies' campaigns.
IV.
Research the department store's sales growth prior to the marketing campaign.
- A. I and II
- B. III only
- C. I and IV
- D. III and IV
Answer: C
NEW QUESTION 51
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. At any market price, fast food restaurants will be willing to supply less food.
- B. Demand for fast food will increase, offsetting the change in price due to decreased supply.
- 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: A
Explanation:
Topic 3, Financial Accounting
NEW QUESTION 52
In order to predict an employee's probability of success at work, a company requires employees to complete a test that measures Intelligence Quotient (IQ) and Emotional Intelligence Quotient (EQ). A new manager at the company believes that the probability of being successful at work is closely related to an employee's Reputation Quotient (RQ).
Based on the two regressions outputs below, does adding the RQ component help forecast the probability of being successful at work?
- A. Yes, the R2 increased from 0.8504 to 0.8751 when RQ was added.
- B. No, the coefficient of RQ is close to 0.
- C. Yes, the Adjusted R2 increased from 0.8441 to 0.8670 when RQ was added.
- D. Yes, the standard error decreased from 0.11 to 0.10 when RQ was added.
Answer: C
NEW QUESTION 53
Changing accounting assumptions from year to year without having justifiable reasons for the changes is a departure from the accounting principle of:
- A. Verifiability
- B. Consistency
- C. Conservatism
- D. Historical cost
Answer: B
NEW QUESTION 54
Company B sold a service contract that covers a two-year period for $10,000. The service period commenced on July 1, Year 1. Service revenue is recognized evenly throughout the contract period. What amount should Company B report as deferred revenue from this service contract on its balance sheet on December 31, Year 1?
- A. $2,500
- B. $7,500
- C. $5,000
- D. $10,000
Answer: B
NEW QUESTION 55
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. The mean and median would remain the same.
- D. Both the mean and median would decrease.
Answer: A
NEW QUESTION 56
What can an analyst conclude about an industry that has a high level of government regulation, including permits and licenses?
- A. Firms in the industry will earn negative economic profits.
- B. The willingness to pay for products produced in this industry will increase as more firms enter.
- C. There will likely be few firms in the industry.
- D. Customers will incur high switching costs if they choose to purchase from a new firm.
Answer: C
NEW QUESTION 57
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