Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1-Andrews Corp. ended the year carrying $114,560,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would

1-Andrews Corp. ended the year carrying $114,560,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Andrews Corp.? Select: 1 $183,198,000 $114,560,000 $10,363,000 $227,165,52.

2-The Digby's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be? Assume Digby spends the same amount extra above the $1,000 recruiting base as they did last year.
Select: 1
$295,000
$354,000
$3,888,000

$3,240,000

3-Last year, Baldwin Corp paid their workers $26.81 per hour. How much will they be paying them 2 rounds from then?
Select: 1
$28.29
$28.15
$29.56
4-
Company Baldwin invested $32,300,000 in plant and equipment last year. The plant investment was funded with bonds at a face value of $20,172,811 at 12.2% interest, and equity of $12,127,189. Depreciation is 15 years straight line. For this transaction alone which of the following statements are true?
Select: 5
Cash went up when the Bond was issued by $20,172,811.
Cash was pulled from retained earnings to cover the $12,127,189 difference between the plant purchase and bond issue.
Cash went down by $32,300,000 when the plant was purchased.
Buying the plant had no net effect on the Cash account, because the plant was paid for by the bond plus retained earnings.
Depreciation increased by $2,153,333.
Since the new plant was funded with debt and equity, on the Balance sheet Retained Earnings decreased by $12,127,189, the difference between the investment $32,300,000 and the bond $20,172,811.
On the Balance sheet, Plant & Equipment increased by $32,300,000.
On the Balance sheet, Long Term Debt changed by $20,172,811.

$31.04

5-

This year Baldwin achieved an ROE of 25.2%. Suppose next year the profit margin (Net Income/Sales) increases. Assuming sales, assets and financial leverage remain the same next year, what effect would you expect this action to have on Baldwin's ROE?
Select: 1
Baldwin ROE will increase.
Baldwin ROE will remain the same.
Baldwin ROE will decrease.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

ISE Managerial Accounting

Authors: Ray H. Garrison, Eric Noreen, Peter C. Brewer

17th Edition

1260575683, 9781260575682

More Books

Students also viewed these Accounting questions

Question

=+how the customer arrived at their site.

Answered: 1 week ago

Question

Describe the use of tests in the selection process.

Answered: 1 week ago

Question

Explain pre-employment screening and background checks.

Answered: 1 week ago