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Multiple Choice Questions




Question;In the Month of March, Digby received orders of 153 units at a price of $15.00 for their product Daze, and in April receives an order for 38 units of their product Daze at $15.00. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 0 units in March, 153 units in April and 38 units in May. They received payment for 153 units in April, and payment for 38 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)Select: 10, $2,295$956, $956$2,295, $574$2,869, 0Assume Andrews is paying a dividend of $1.50 (per share). If this dividend stayed the same, but the stock price rose by 10% what would be the dividend yield?Select: 11.07%1.19%1.31%84.01%Last year Aft charged $3,360,000 Depreciation on the Income Statement of Andrews. If Aft sold a fully depreciated piece of equipment at a gain, the effect on Andrews's financial statements would be (all other items remaining equal):Select: 1Decrease Net Cash from operations on the Cash Flow StatementJust impact the Balance SheetNo impact on Net Cash from operationsIncrease Net Cash from operationsAssume Chester Corp. is downsizing the size of their workforce by 20% (to the nearest person) next year from various strategic initiatives. Chester is planning to conduct exit interviews to learn more about how they can improve in processes and increase productivity. The exit interviews are estimated to cost $100 per employee in additional to normal separation costs of $5000. How much will the company pay in separation costs if these exit interviews are implemented next year?Select: 1$979,440$244,860$594,660$2,378,640The Baldwin company wants to decrease its plant utilization for Bead by 15%. How many units would need to be produced next year to meet this production goal? Ignore impact of accounts payable on plant utilization.Select: 11,6611,0291,4361,211Digby's balance sheet has $77,766,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also expecting to issue $4,000,000 in new stock. If there are no dividends paid what will beDigby's book value?Select: 1$76,766,000$33,676,000$84,766,000$41,676,000Your Competitive Intelligence team reports that a wave of product liability lawsuits is likely to cause Digby to pull the product Dome entirely off the market this year. Assume Digby scraps all capacity and inventory this round, completely writing off those assets and escrowing the proceeds to a settlement fund, and assume these lawsuits will have no effect on any other products of Digby or other companies. Without Digby's product Dome how much can the industry currently produce in the Core segment? Consider only products primarily in the Core segment last year. Ignore current inventories. Figures in thousands (000).Select: 19,1388,5568,6789,6564,5694,2417,578Which company has the most efficient SG&A / Sales ratio?Select: 1ChesterAndrewsBaldwinDigby


Paper#54036 | Written in 18-Jul-2015

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