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HBX CORe Final Examination Sample Questions (Q208-Q213):NEW QUESTION # 208
A company had the following trial balance on Dec. 31, 2013:
What is the company's net income for 2013?
Answer: A
NEW QUESTION # 209
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?
Answer: D
NEW QUESTION # 210
A new smartphone is being released at a price of $100. A customer with a willingness to pay (WTP) of $105 walks to the store, sees that there is a long line, and decides to leave. Another customer with a WTP of $113 arrives at the store at the same time and decides to wait in the line. What can an observer deduce from this observation?
Answer: C
NEW QUESTION # 211
After thorough market research, a company discovers that there are three well-defined customer segments for a new product it plans to release. Customer segment A represents young professionals, who each have a willingness to pay (WTP) of $45. Customer segment B represents college students, who each have a WTP of $25. Customer segment C represents mid-career professionals, who each have a WTP of $100. What price should the company charge for its new product in order to maximize revenues? Assume that each customer segment has the same number of individual customers.
Answer: C
Explanation:
NEW QUESTION # 212
On an income statement, net sales minus cost of goods sold equals:
Answer: B
NEW QUESTION # 213
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