2022 Latest 100% Exam Passing Ratio - CORe Dumps PDF [Q75-Q92]

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2022 Latest 100% Exam Passing Ratio – CORe Dumps PDF

Pass Exam With Full Sureness – CORe Dumps with 265 Questions

NEW QUESTION 75
Which of the following financial statements is MOST useful in determining the capital expenditures of a company during the past year?

The balance sheet, using the ending balance of property, plant, and equipment

The income statement, using the depreciation expense per year

The statement of cash flows, using the investing section

The statement of retained earnings, using the profits that were reinvested in the company

NEW QUESTION 76
Which of the following options would increase the willingness to pay for new cars in a country?

The government increases the tax on new cars.

The overall price of cars decreases by 15 percent.

A new highway is built between two major cities.

The number of commuters that use public transit to get to work increases.

NEW QUESTION 77
Which of the following options would MOST likely be considered a variable cost?

The hourly wage of a student mowing lawns for a landscaping company

The monthly salary of a manager at a telecommunications company

The loan payment for a new machine at a manufacturing company

A license to serve alcohol for a new restaurant

NEW QUESTION 78
Which of the following options is an example of revenue?

$20,000 received as a down payment from a customer when they placed their order

$10,000 received from a customer for goods purchased a month ago

An order for $3,000 received from a customer

$300 received from a customer when they purchased and received an item

NEW QUESTION 79
A college has recently finished building a new dining hall on campus. School administrators wish to survey students regarding their thoughts on the new dining hall. Which of the options below represents a correct sampling method?

An administrator surveys the first 50 students that arrive to hear a guest speaker.

The school posts a survey on their Facebook page and collects responses from current students.

The administrators randomly select students from each class who are then surveyed via phone.

An administrator surveys the first 50 students that enter the new dining hall that evening.

NEW QUESTION 80
A financial planning software company has earned large profits for the past four years, attracting new entrants to the market. What effect does the new competition have on the original company’s market?

Customers will become more sensitive to price changes.

The company will be willing to supply less at any price.

The company will increase the price of its software.

Demand for financial planning software will become less elastic.

NEW QUESTION 81
Which of the following items can be found in the “Operating Section” of an indirect method cash flow statement? (Select all that apply.)

Changes in inventory and accounts payable

Purchases of property and equipment

Cash paid in business combination

Issuance of common stock

Depreciation and amortization amounts

NEW QUESTION 82
A company reported the following information for 2013:

During 2013, the company purchased new inventory of $160,000. What amount should the company report as cost of goods sold on its 2013 income statement?

$60,000

$100,000

$160,000

$220,000

NEW QUESTION 83
Which of the following scenarios is an example of a Type I error?

A null hypothesis which is true is rejected.

A null hypothesis which is true is not rejected.

A null hypothesis which is false is rejected.

A null hypothesis which is false is not rejected.

NEW QUESTION 84
The owner of a small bakery wants to analyze the effect of certain variables on total sales. The owner takes a random sample of 60 days between November 2013 and June 2014 and records the total sales for that day, the highest temperature that day, and whether that day was a Saturday or Sunday. A portion of that spreadsheet is provided below.

Which cell ranges contain the dependent and independent variables in this regression model?

DependentVariable:B1:B61 IndependentVariable:C1:C61

DependentVariable:B1:B61 IndependentVariable:C1:D61

DependentVariable:C1:D61 IndependentVariable:B1:B61

DependentVariable:C1:C61 IndependentVariable:B1:B61, D1:D61

NEW QUESTION 85
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?

$26,300

$37,875

$51,300

$212,875

NEW QUESTION 86
A group of season ticket holders wants to forecast attendance at National Football League (NFL) games for the upcoming season. One ticket holder argues that using the population of the United States as the only independent variable would explain as much as using both the United States population and the percent change in disposable income (per capita) as independent variables. Another ticket holder argues that using the percent change in disposable income (per capita) asthe only independent variable would provide the most accurate forecast. Listed below are the Adjusted R2 values for three regression models. Based on these values, and keeping in mind that the ticket holders are only concerned about forecasting, what is the correct conclusion?
– NFL Attendance vs. US Population and Percent Change in Disposable Income.
Adjusted R2= 0.8964 – NFL Attendance vs. US Population: Adjusted R2= 0.8609 – NFL Attendance vs. Percent Change in Disposable Income. Adjusted R2= -0.0244

The Adjusted R2 of NFL Attendance vs. Percent Change in Disposable Income is negative, so Percent Change in Disposable Income should be excluded from any regression model.

The Adjusted R2 of NFL Attendance vs. US Population is higher than that of NFL Attendance vs. Percent Change in Disposable Income, so US Population should be the only independent variable in the regression model.

The Adjusted R2 of NFL Attendance vs. US Population and Percent Change in Disposable Income is higher than that of either single variable regression model, so both US Population and Percent Change in Disposable Income should be included in the regression model.

There is not any information regarding the p-values of the independent variables, so it is impossible to determine the explanatory power of the regression models.

NEW QUESTION 87
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?

$2,500

$5,000

$7,500

$10,000

NEW QUESTION 88
Why are ratios important when comparing different companies within the same industry?

They eliminate the effect of size differences among the different companies.

They are useful for assessing the stage of the industry.

Accounting policies might be different between companies.

They reflect macroeconomic factors.

NEW QUESTION 89
Which of the following companies could expect to have the fewest competitors? (Select all that apply.)

Airline

Automobile manufacturer

Real estate agency

Restaurant

Tutoring service for grade school math

NEW QUESTION 90
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:

Increasing liabilities

Increasing owner’s equity

Decreasing liabilities

Decreasingowner’s equity

NEW QUESTION 91
During a prolonged recession, a hotel chain sees reservations at one of its locations decline by five percent. The chain soon decides to close that location. Why would a small change in capacity utilization have this effect?

Demand for hotel rooms in this location is extremely elastic.

Fixed costs are too high for the hotel to remain profitable at this decreased quantity.

The consumers most affected by the recession are generally those with lower willingness to pay.

Closing the location will allow the hotel chain to recover some of its sunk costs.

NEW QUESTION 92
Which of the following methods for valuing and expensing inventory is NOT allowed under the International Financial Reporting Standards (IFRS)?

First In First Out (FIFO)

Last In First Out (LIFO)

Standard Cost

Weighted Average