The Chester Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,090,000. What will the book value of this purchase (exclude all other plant and equipment) be after its third year of use? (Use FASB GAAP)
Select: 1
[removed]
$33,538,000
[removed]
$35,446,667
[removed]
$29,448,000
[removed]
$32,720,000
2) What is the Quick Ratio of Chester?
Select: 1
[removed]
1.39
[removed]
1.61
[removed]
.62
[removed]
.72
3) Digby has a ROS of 0.09 (ROS = Net income/Sales). That means:
Select: 1
[removed]
There are sales of $9 for every dollar of profit.
[removed]
There is a 9% profit on each dollar of sales.
[removed]
There are sales of $91 for every dollar of profit.
[removed]
For every $9 of sales there is a profit of 1%.
4) Midyear on July 31st, the Baldwin Corporation’s balance sheet reported:
Total Liabilities of $103.453 million
Cash of $8.040 million
Total Assets of $172.520 million
Total Common Stock of $5.080 million.
What were the Baldwin Corporation’s retained earnings?
Select: 1
[removed]
$74.147 million
[removed]
$63.987 million
[removed]
$72.027 million
[removed]
$82.187 million
5) 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]
Seek high plant utilization, even if it risks occasional small stockouts
[removed]
Increase demand through TQM initiatives
[removed]
Add additional products
[removed]
Seek high automation levels
[removed]
Offer attractive credit terms
[removed]
Seek the lowest price in their target market while maintaining a competitive contribution margin
[removed]
Reduce cost of goods through TQM initiatives
[removed]
Seek excellent product designs, high awareness, and high accessibility
[removed]
Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand
[removed]
Reduce labor costs through training and recruitment
6) Rank the following companies from high to low cumulative profit, (in descending order, 1=highest, 4=lowest).
Rank in order from 1 to 4
[removed]
Chester
[removed]
Baldwin
[removed]
Andrews
[removed]
Digby
7) Which description best fits Chester in your industry? For clarity:
– A differentiator competes through good designs, high awareness, and easy accessibility.
– A cost leader competes on price by reducing costs and passing the savings to customers.
– A broad player competes in all parts of the market.
– A niche player competes in selected parts of the market.
Which of these four statements best describes this competitor?
Select: 1
[removed]
Chester is a niche cost leader
[removed]
Chester is a broad differentiator
[removed]
Chester is a broad cost leader
[removed]
Chester is a niche differentiator
8) If Baldwin issued 1000 shares of common stock at last year’s end price, the effect on the balance sheet would be:
Select: 1
[removed]
Retained earnings would increase by $4,804
[removed]
Retained earnings would increase by $48,039
[removed]
Equity would decrease by $4,804
[removed]
Equity would increase by $48,039
The post What is the Quick Ratio of Chester? appeared first on Homework Aider.
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but you proved you are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 11***| Rating: ⭐⭐⭐⭐⭐
"This company is the best there is. They saved me so many times, I cannot even keep count. Now I recommend it to all my friends, and none of them have complained about it. The writers here are excellent."
"Order a custom Paper on Similar Assignment at essayfount.com! No Plagiarism! Enjoy 20% Discount!"
