1.

Chester's balance sheet has $73,116,000 in equity. If next year, assets decrease by $4,000,000 and liabilities increase by $2,000,000, what will be Chester's book value?

Select: 1

	$36,941,000
	$71,115,000
	$75,116,000
	$67,115,000

2.

Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic initiatives. Digby 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

	$266,730
	$988,470
	$109,830
	$2,400,570

Needed Complement				523
Complement				523
1st Shift Complement				328
2nd Shift Complement				195

3.

Last year Ark charged $2,688,000 Depreciation on the Income Statement of Andrews. If Ark sold a fully depreciated piece of equipment at a loss, the effect on Andrews's financial statements would be (all other items remaining equal):

Select: 1

	Just impact the Balance Sheet
	Decrease Net Cash from operations on the Cash Flow Statement
	No impact on Net Cash from operations
	Increase Net Cash from operations

4.

In the Month of March, Chester received orders of 197 units at a price of $15.00 for their product City, and in April receives an order for 49 units of their product City at $15.00. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 0 units in March, 197 units in April and 49 units in May. They received payment for 197 units in April, and payment for 49 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: 1

	$1,231 , $1,231
	$3,694 , 0
	0, $2,955
	$2,955 , $739