Reliable CORe Dumps Questions Available as Web-Based Practice Test Engine
Correct and Up-to-date HBX CORe BrainDumps
NEW QUESTION # 122
Which of the following options is an example of an expense?
- A. Purchase of $10,000 of fabric to be used by a clothing manufacturer
- B. Purchase of a new vehicle for $30,000 by a delivery company
- C. Consumption of $500 of electricity for the head office building
- D. Payment of $6,000 for vehicle insurance covering the next year
Answer: C
NEW QUESTION # 123
In the figure below, what do the two red lines represent?
- A. The residual sum of squares
- B. A point forecast
- C. The total sum of squares
- D. A prediction interval
Answer: D
NEW QUESTION # 124
Changing accounting assumptions from year to year without having justifiable reasons for the changes is a departure from the accounting principle of:
- A. Historical cost
- B. Conservatism
- C. Consistency
- D. Verifiability
Answer: C
NEW QUESTION # 125
A company had beginning total owners' equity of $350,000. During the year, the company raised $80,000 by issuing new shares of common stock. The net income of current year is
$120,000. No dividend was declared or paid during the year. What is the amount of total owners' equity the company should report on its end-of-year balance sheet?
- A. $390,000
- B. $470,000
- C. $430,000
- D. $550,000
Answer: D
NEW QUESTION # 126
After a small country begins permitting the import of automobiles, a foreign automobile manufacturer begins shipping cars to the country. This manufacturer can produce cars much more cheaply than the only manufacturer located in the country and therefore enjoys significant profits. What will erode the profits for the foreign manufacturer?
- A. The foreign manufacturer's per-unit costs will increase as its output increases.
- B. The foreign manufacturer will build a plant inside the country.
- C. Demand for cars in other countries will also increase.
- D. Other foreign manufacturers will also begin shipping cars to the country.
Answer: D
NEW QUESTION # 127
Company A is projecting a 10 percent increase in revenue for the next quarter with no significant changes to their operations. Which of the following accounting elements is the LEAST likely to mirror that increase?
- A. Accounts receivable
- B. Cost of goods sold
- C. Inventory
- D. Capital expenditures
Answer: D
NEW QUESTION # 128
As of Dec. 31, 2013, a company had current assets of $600,000 and current liabilities of
$300,000. Sales of the company are expected to increase by 10 percent for each of the next two years. If all current asset and current liability accounts increase proportionately with sales, what would be the projected current ratio of the company on Dec. 31, 2015?
- A. 1.65
- B. 2.20
- C. 2.42
- D. 2.00
Answer: D
NEW QUESTION # 129
A trainer believes that a new workout regimen has helped athletes score more points per game. If the previous mean for points scored per player per game was 5.3, which alternative hypothesis below is the trainer trying to substantiate?
- A. u<5.3
- B. u>5.3
- C. u5.3
- D. u=5.3
Answer: B
NEW QUESTION # 130
An on-demand taxi service guarantees that it can provide a taxi in five minutes or less. If the service has a fixed number of taxis, how can it most cheaply guarantee "five minutes or less" during busy periods?
- A. It keeps demand low by encouraging drivers to be less polite during busy periods.
- B. It is impossible to keep the guarantee during busy periods.
- C. It raises prices during the busy periods.
- D. It maintains a fleet of taxis large enough to meet demand in busy periods.
Answer: C
NEW QUESTION # 131
In which situation would it be appropriate to use time-series data?
- A. To compare unemployment rates for various education levels
- B. To study changes in the unemployment rate
- C. To analyze the unemployment rate for different age groups
- D. To relate unemployment rates in various countries
Answer: B
NEW QUESTION # 132
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. = 10000 +- CONFIDENCE.NORM(0.05,1500,100)
- C. =11500 +- CONFIDENCE.NORM(0.05,1500,100)
- D. =11500 +- CONFIDENCE.NORM(0.025,1500,100)
Answer: B
Explanation:
NEW QUESTION # 133
An entrepreneur starts a new business by opening a bank account in the name of this business and making a capital contribution of $10,000 from a personal savings account. This action would impact the accounting equation by increasing assets and:
- A. Increasing liabilities
- B. Decreasingowner's equity
- C. Decreasing liabilities
- D. Increasing owner's equity
Answer: D
NEW QUESTION # 134
A student is interested in which factors affect the U.S. poverty rate and develops a linear regression model. The student uses poverty rate in all 50
U.S. states and Washington D.C. as the dependent variable and wants to relate it to the following variables:
The unemployment rate
The percent of the adult (over 25) population with at least a bachelor's degree
The percent of the population without health insurance
The percent of the adult (over 25) population without a high school diploma or equivalent
The percent of households with children under 18 run by a single mother
The student collects data from each state and Washington D.C. for the year 2012 and runs the regression in Excel. The results of this regression are given below.
Based on these results, select the independent variables that have a coefficient that is statistically significant at the 5% level. (Select all that apply.)
- A. Percent of Single Mother Households
- B. Unemployment Rate
- C. Bachelor's Degree or Higher
- D. Percent of Population Uninsured
- E. Percent of High School Dropouts
Answer: C,E
NEW QUESTION # 135
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. Based on the regression output, which of the following statements is correct?
Exhibit:
- A. When the number of computers in an office increases by 1, the average sales volume decreases by 410 units.
- B. When the number of computers in an office increases by 1, the average sales volume increases roughly by 155,000 units.
- C. Less than 3 percent of the variability of sales volume is explained by the number of computers in an office.
- D. There is a strong positive linear relationship between sales volume and number of computers in an office.
Answer: C
NEW QUESTION # 136
At the end of the accounting period, nominal accounts on the income statement close out to which real account on the balance sheet?
- A. Dividends payable
- B. Cash
- C. Common stock
- D. Retained earnings
Answer: D
NEW QUESTION # 137
A company reported income before taxes of $800,000 for Year 2. The company did not have temporary taxable differences at the end of Year 1 but reported a net deferred tax asset of $6,000 for Year 2. The effective income tax rate is 30 percent. What amount should the company pay as income tax for Year 2?
- A. $234,000
- B. $241,800
- C. $246,000
- D. $240,000
Answer: C
NEW QUESTION # 138
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. the sample mean of 90.5 equals the true population mean.
- B. all of the observations will fall between 83 and 98.
- C. the true population mean falls between 83 and 98.
- D. the sample mean falls between 83 and 98.
Answer: C
NEW QUESTION # 139
The management of a company is evaluating a potential capital expenditure. They are
using a discount rate of eight percent. They decide to see what the impact would be of changing the discount rate to 10 percent. Which of the following measurements would change?
- A. Pay back period
- B. Net present value
- C. Return on Investment (ROI)
- D. Internal rate of return
Answer: B
NEW QUESTION # 140
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. Both the mean and median would decrease.
- B. Both the mean and median would increase.
- C. The mean and median would remain the same.
- D. The mean would decrease and the median would increase.
Answer: D
NEW QUESTION # 141
A company's main product has not been selling as well as in the past. A manager is tasked with understanding the decreased sales and decides to conduct a focus group of current customers. Is this a good strategy?
- A. Yes, the manager will get a large amount of quantitative data regarding the product.
- B. No, the manager should survey current customers instead.
- C. No, the manager should include both current and former customers in the focus group.
- D. Yes, the manager will get information on how customers value different features of the product.
Answer: C
NEW QUESTION # 142
What is the main difference between the US Generally Accepted Accounting Principles (US GAAP) and the International Financial Reporting Standards (IFRS)?
- A. IFRS is based on a rules-based approach.
- B. US GAAP follows a principles-based approach.
- C. IFRS is used globally and follows a principles-based approach.
- D. IFRS provides fewer accounting choices to companies compared to US GAAP.
Answer: C
NEW QUESTION # 143
What is the set of accounting standards most commonly used by companies outside the US?
- A. Convergence of International Financial Reporting Standards (IFRS) and US Global Financial Accounting Standards (US GFAS)
- B. US Generally Accepted Accounting Principles (US GAAP)
- C. International Financial Reporting Standards (IFRS)
- D. Global Financial Accounting Standards (GFAS)
Answer: C
NEW QUESTION # 144
......
HBX CORe certification exam is a valuable credential for students who are interested in pursuing a career in business. HBX CORe Final Examination certification demonstrates to employers that the student has a solid understanding of the fundamentals of business and is prepared to succeed in a business environment. Many employers recognize the value of the HBX CORe certification and actively seek out candidates who have completed the program.
100% Reliable Microsoft CORe Exam Dumps Test Pdf Exam Material: https://pass4sure.dumpstorrent.com/CORe-exam-prep.html