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NEW QUESTION 42
A chain of coffee stores recently released a new product priced at $3.00. After a few weeks of sales data, management noticed that the new product sold out in a majority of its stores. Which of the following strategies should management use to determine an ideal price?

• A. Gradually increase the price until profits begin to fall
• B. Survey customers who recently purchased the product
• C. Adjust the price for the product until it no longer sells out anywhere
• D. Maintain current prices and increase supply of the product

Answer: A

NEW QUESTION 43
A company's 2013 year-end balance sheet included the following:

The company's net cash from operating activities on its 2013 statement of cash flows is $200,000. Current year depreciation expense is $25,000. What amount should the company report as net income for 2013?

• A. $175,000
• B. $170,000
• C. $130,000
• D. $230,000

Answer: B

NEW QUESTION 44
The table below shows sales data from The Geller Company for the month of January. The company's manager is interested in calculating the average number of units each salesperson sold on their respective sales trips during the month. In total, the five salespeople took at total of 31 sales trips at various times during the month of January.

Which formula below would the manager use to correctly calculate the average number of units Anne sold on her sales trips?

• A. =AVERAGEIF(A2:A32,E2,C2:C32)
• B. =AVERAGEIF(B2:B32,E2,C2:C32)
• C. =AVERAGEIF(A2:A32,E2,B2:B32)
• D. =AVERAGE(B2:B32,E2,C2:C32)

Answer: B

NEW QUESTION 45
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. u<5.3
• D. u5.3

Answer: A

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 the intercept
• C. Decrease the sample size
• D. Change the units of one of the independent variables
• E. Remove one of the collinear variables

Answer: A,E

NEW QUESTION 47
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