1. He Baldwin Company Has Just Purchased $40,900,000 Of Plant And Equipment That Has An Estimated Useful Life Of 15 Years….

he Baldwin 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 accumulated depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use? (Use FASB GAAP)

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[removed]

$4,908,000

[removed]

$2,454,000

[removed]

$5,453,333

[removed]

$2,726,667

The Chester Company has just issued $7,169,042 in dividends last year. The effect of this payment on the balance sheet is:

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[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

What is the Quick Ratio of Chester?

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[removed]

1.4%

[removed]

0.5%

[removed]

2.0%

[removed]

2.1%

Chester has a ROS of 0.08 (ROS = Net income/Sales). That means:

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[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%.

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There are sales of $8 for every dollar of profit.

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?

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[removed]

$34.375 million

[removed]

$36.915 million

[removed]

$68.489 million

[removed]

$72.509 million

Which mission statement best represents the Digby company?

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Innovation meets revolution. We create value for our customers through breakthrough designs that lead to unique high-performance products.

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Consistency and affordability are our goals. Our central mission is to offer dependable, low-price products that our customers can count on.

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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.

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Lasting innovation is our motivation. We build premium products that are elegantly designed to meet the needs of a variety of market segments.

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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