I think I am leaning towards what you guys are saying. I did manage to get a 740 on the GMAT, so that should help.
As far as the dropped course, it shows up as a W (Withdrawn). My only issue is that I dropped it one day after the W deadline (had I dropped it one day before, it wouldn't have shown on the transcript. Yeah, I was a bit dumb for doing that!). So do you guys think I should explain it?
No, I wouldnt bother. It's one course. If you had withdrawn from an entire quarter for some reason, then yes I'd say explain it. But a single course could be anything - a change in demands, a realization you needed additional work, whatever. I doubt itll raise any eyebrows.