[removed]
$4,908,000
[removed]
$2,454,000
[removed]
$5,453,333
[removed]
$2,726,667
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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 millionTotal Common Stock of $2.540 millionCash of $4.020 millionRetained 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
