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Download HBX CORe Final Examination Exam Dumps
NEW QUESTION 20
A local tourism board wants the city government to set a maximum price that taxis can charge, in order to make the city more attractive to tourists. What might be a result of this price cap?
- A. The quality of taxis will improve.
- B. Local residents will begin to use taxis more frequently.
- C. The number of taxis will decrease.
- D. Total welfare (consumer surplus + producer surplus) will increase.
Answer: C
NEW QUESTION 21
A city planner believes that as people's income rises, they are less likely to travel to work using public transportation or carpools. To see whether this belief is substantiated, the city planner gathers data from the 50 U.S. states on mean household income (in thousands of dollars) as well as the percent of people who take public transportation or carpool to work. The results for this regression are given below.
Which of the following Excel formulas would correctly forecast the dependent variable for a state with a mean household income of $37,000?
- A. =B18+(B17*37000)
- B. =B18+(B17*37)
- C. =B17+(B18*37000)
- D. =B17+(B18*37)
Answer: D
NEW QUESTION 22
During 2013, a company's prepaid expense decreased by $40,000, while its unearned revenue increased by $60,000. The company reported a pretax income under accrual basis of $250,000 on its 2013 income statement. What is the company's pretax income under
cash basis of 2013?
- A. $150,000
- B. $230,000
- C. $270,000
- D. $350,000
Answer: D
NEW QUESTION 23
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 significant positive operating cash flow, because the start-up may achieve a large market share.
- B. a positive investing cash flow, because the start-up has just enough equipment to operate.
- 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 24
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