Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 . Currently Art is charged $ 1 , 9 3 0 , 9 3 3 depreciation on the income statement of Andrews. Andrew planning

1. Currently Art is charged $1,930,933 depreciation on the income statement of Andrews.
Andrew planning for an increase in this depreciation on the Financial Statement of
Andrews will this?
a) Decrease net cash from operations on the cash flow statement.
b) Increase net cash from operations on the cash flow statement.
c) Have no impact on the net cash from operations previous depreciation.
d) Just impact the balanced sheet.
2. Chester Corp is downsizing the size of their workforce by 10%.(to the nearest person)
next year from previous strategies initiatives. How much will the company pay in
separation cost if each worker receives $5000 when separated?
a)195,000
b)1,735,000
c)694,000
d)78,000
3. In the month of March, Baldwin received orders of 141 units at a price of $15.00 for their
product Bam and in April receives an order of 35 units of their product Bam at $15.00.
Baldwin uses the accrual method of accounting and offers 30 days credit terms. Baldwin
delivers 0 units in March, 141 units in April and 35 units in May. They received payment
for 141 units in April and payment for 35 units in May. How much revenue is recognized
on the March income statement from this order. How much in April Income statement.?
(Answer in thousands)
a) $2,115, $529
b) $881, $881
c) $2644,0
d)0, $2115
4. Your competitive Intelligence team is predicting that the Baldwin's company will invest in
adding capacity to their Bill product this year. Assume Baldwins product Bill invest in
increasing its capacity by 10% this year. Because of this new information, your company
anticipates all other products in the core segment will increase their capacity by the
same amount. How much can the industry produce in the core segment the next year?
Consider only products primarily in the core segment last year. Ignore current
inventories. Figures in thousands (000)
a)8,659
b)8,071
c)5,780
d)8,731
e)9,709
f)15,026
g)7,681

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Finance questions