[Jan-2022] Free CORe Exam Dumps to Improve Exam Score
2022 Realistic CORe Dumps Exam Tips Test Pdf Exam Material
NEW QUESTION 21
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. 2.42
- B. 2.20
- C. 1.65
- D. 2.00
Answer: D
NEW QUESTION 22
Which of the following transactions represents an owner's equity transaction for a company?
- A. The purchase of shares in a company that's also a supplier
- B. An in-kind payment for services received
- C. A repurchase of a company's own stock
- D. A purchase of a building paid in cash
Answer: C
NEW QUESTION 23
What denominator amounts does an analyst use to calculate the common size balance sheet and income statement?
- A. Total assets and operating income, respectively
- B. Total assets and sales, respectively
- C. Owner's equity and sales, respectively
- D. Current assets and net income, respectively
Answer: B
NEW QUESTION 24
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. Pharmaceutical
- B. Civil aviation
- C. Retailing
- D. Commercial banking
Answer: D
NEW QUESTION 25
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 26
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 27
An individual has an extremely rare item and intends to sell it via an English (open outcry) auction. In which situation should the seller forgo the auction and sell the item for a fixed price?
- A. The seller knows that consumers' willingness to pay varies between $1,000 and $5,000.
- B. The seller has no information about consumers' willingness to pay.
- C. The seller knows that consumers' willingness to pay varies between $500 and $1,000 and knows that at least three consumers are willing to pay above $950.
- D. The seller knows that consumers' willingness to pay varies between $500 and $1,000 and knows that only one consumer is willing to pay above $900.
Answer: D
NEW QUESTION 28
A study was conducted to examine the relationship between age, education level, number of minor legal offenses, daily alcohol consumption, and annual income.
Based on the regression output below, what is the 95% confidence interval of the variable that has the highest statistical significance?
- A. (-6,560.05; 3,313.41)
- B. (-3,990.67; 6,334.97)
- C. (303.02; 9,839.49)
- D. (-1,374.98; 1,232.89)
Answer: C
NEW QUESTION 29
A cafe located near a university used to only sell one type of coffee for $1.50 a cup. It decided to start selling a new premium cup for $2.50 while still keeping its standard coffee at $1.50. What recent event might have prompted this new product offering?
- A. An increase in the cafe's rent
- B. The university announcing decreased enrollment numbers for next year
- C. The opening of a large and expensive apartment complex close to the cafe
- D. The expansion of the university, displacing office buildings in the neighborhood
Answer: C
NEW QUESTION 30
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. Patents protect consumers from counterfeit medicines.
- C. Governments hope to earn tax revenues on monopoly profits.
- D. Patents help promote innovation through easier recovery of fixed costs.
Answer: D
NEW QUESTION 31
A manager wants to examine the effect of season (Spring, Summer, Autumn or Winter) and time of the game (Morning, Afternoon or Evening) on the number of television viewers for a National Basketball Association game. How many dummy variables should be included in the multipleregression?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 32
A government agency is interested in developing the most accurate forecast for the poverty rate in the United States and decides to perform regression analyses using a combination of the following independent variables: the percent of women in the labor force and the percent of the population that is uninsured. The agency collects data from all 50 U.S. states but is unsure whether both variables should be in the model. The agency runs three regressions:
Regression A. Poverty Rate = a + b1*(Percent of women in the labor force) + b2*(Percent uninsured)
Regression B. Poverty Rate = a + b*(Percent of women in the labor force)
Regression C. Poverty Rate = a + b*(Percent uninsured)
The regression statistics for all three regressions are given below. Based on these statistics, which model should the agency use to obtain the MOST accurate forecast?
- A. Regression A
- B. Regression C
- C. Regressions A and B provide equally accurate forecasts
- D. Regression B
Answer: D
NEW QUESTION 33
Which of the following companies could expect to have the fewest competitors? (Select all that apply.)
- A. Tutoring service for grade school math
- B. Automobile manufacturer
- C. Real estate agency
- D. Restaurant
- E. Airline
Answer: B,E
NEW QUESTION 34
Which of the following options is an example of a liability?
- A. Payment received in advance from a customer
- B. The private mortgage of a CFO
- C. A bond purchased at a premium
- D. Outstanding preferred stock
Answer: A
NEW QUESTION 35
Exhibit: Based on the histogram below of 28 nations' performances in the Winter Olympic games, in which bin would the median be located?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 36
Which of the following histograms, each with nine observations, has a median of five? A)
B)
C)
D)
- A. Option B
- B. Option C
- C. Option A
- D. Option D
Answer: D
NEW QUESTION 37
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 decreased by $100,000 and assets increased by $100,000.
- C. Assets increased by $150,000 and owner's equity increased by $150,000.
- D. Assets increased by $50,000 and owner's equity increased by $50,000.
Answer: D
NEW QUESTION 38
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; shutting down the side market will signal to the market that gasoline suppliers should sell more gasoline at the legal price.
- B. Yes; otherwise the existence of the side market will result in an increase in the legal price of gasoline.
- C. No; the shortage of gasoline would become more severe if the government shut down the side market.
- D. No; by ignoring this side market, the government will be able to collect significant tax revenue.
Answer: C
NEW QUESTION 39
......
Powerful CORe PDF Dumps for CORe Questions: https://www.actualtests4sure.com/CORe-test-questions.html
Authentic CORe Dumps - Free PDF Questions to Pass: https://drive.google.com/open?id=1pqo8wnYKzehIw8zQGJ2tGuxIb4n1hU-x
