| [removed] |
$4,908,000 |
| [removed] |
$2,454,000 |
| [removed] |
$5,453,333 |
| [removed] |
$2,726,667
2.
| The Chester Company has just issued $7,169,042 in dividends last year. The effect of this payment on the balance sheet is: |
| Select: 1[removed] |
| [removed] |
Liabilities will increase $7,169,042 |
| [removed] |
Expenses will increase $7,169,042 |
| [removed] |
Net Profit will decrease $7,169,042 |
| [removed] |
Equity will decrease $7,169,042
3.
| What is the Quick Ratio of Chester? |
| Select: 1[removed] |
| [removed] |
1.4% |
| [removed] |
0.5% |
| [removed] |
2.0% |
| [removed] |
2.1%
4.
| Chester has a ROS of 0.08 (ROS = Net income/Sales). That means: |
| Select: 1[removed] |
| [removed] |
There is a 8% profit on each dollar of sales. |
| [removed] |
There are sales of $92 for every dollar of profit. |
| [removed] |
For every $8 of sales there is a profit of 1%. |
| [removed] |
There are sales of $8 for every dollar of profit.
5.
| Midyear on July 31st, the Digby Corporation’s balance sheet reported:
Total Liabilities of $51.432 million
Total Common Stock of $2.540 million
Cash of $4.020 million
Retained Earnings of $18.537 million.
What were the Digby Corporation’s total assets?
|
| Select: 1[removed] |
| [removed] |
$34.375 million |
| [removed] |
$36.915 million |
| [removed] |
$68.489 million |
| [removed] |
$72.509 million
6.
| Which mission statement best represents the Digby company? |
| Select: 1[removed] |
| [removed] |
Innovation meets revolution. We create value for our customers through breakthrough designs that lead to unique high-performance products. |
| [removed] |
Consistency and affordability are our goals. Our central mission is to offer dependable, low-price products that our customers can count on. |
| [removed] |
Providing value to our customers is why we get up in the morning. We accomplish this by offering products at a low price our customers can afford across a wide variety of market segments. |
| [removed] |
Lasting innovation is our motivation. We build premium products that are elegantly designed to meet the needs of a variety of market segments.
7.
| Review the Inquirer to determine Baldwin’s current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Baldwin would be most likely to pursue. |
| Select: 5[removed] |
| [removed] |
Increase demand through TQM initiatives |
| [removed] |
Seek high automation levels |
| [removed] |
Seek high plant utilization, even if it risks occasional small stockouts |
| [removed] |
Add additional products |
| [removed] |
Reduce cost of goods through TQM initiatives |
| [removed] |
Offer attractive credit terms |
| [removed] |
Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand |
| [removed] |
Seek excellent product designs, high awareness, and high accessibility |
| [removed] |
Seek the lowest price in their target market while maintaining a competitive contribution margin |
| [removed] |
Reduce labor costs through training and recruitment |
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