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The Chester's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost

The Chester'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 Chester spends the same amount extra above the $1,000 recruiting base as they did last year.

Select: 1

$225,000

$2,970,000

$2,475,000

$270,000

The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summary of the sources and uses of cash (sources of cash are added, uses of cash are subtracted). Please answer which of the following is true if Baldwin's inventory goes up:

Select: 1

It is a use of cash, and will be shown in the investing section as a subtraction.

It is a use of cash, and will be shown in the operating section as a subtraction.

It is a source of cash and will be shown in the operating section as an addition.

It is a source of cash, and will be shown in the investing section as an addition.

On the income statement, which of the following would be classified as a Period cost?

Select: 1

Direct Material Expense

Inventory Carry Expense

Direct Labor Expense

R&D Expense

It is January 2nd and senior management of Chester meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterday?s stock price ($31.68) and leverage changes to 2.8. Which of the following statements are true? Select all that apply.

Select: 3

Total Assets will rise to $217,822,482

Equity will be $80,169,744

Chester will issue stock totaling $2,376,000

Total liabilities will be $118,747,512

The total investment for Chester will be $201,293,256

Working capital will remain the same at $13,697,032

This year, Baldwin paid their workers $26.81 per hour. How much will they be paying them 3 rounds from now?

Select: 1

$31.04

$28.15

$29.56

$28.36

Digby Corp. ended the year carrying $17,776,000 worth of inventory. Had they sold their entire inventory at their current prices, how many more dollars of contribution margin would it have brought to Digby Corp.?

Select: 1

$28,099,000

$37,652,660

$10,261,000

$17,776,000

A group of managers discuss the question: "If every team offered customers a perfect product, what would the contribution margin be in the 'Elite' segment?" Which managers do you agree with? Check all that apply.

(Note. Contribution margin is not the same as Net Margin. See Annual Report page 2.)

Select: 4

Mary. I would cut my promotion and sales budgets to the minimum.

John. I would pay off all the debt.

Pat. I would minimize depreciation.

Karen. I estimate contribution margin will fall between $1.01 and $4.00, depending upon plant utilization.

Henry. I estimate contribution margin will fall between $4.01 and $7.00 depending upon plant utilization.

Lisa. I estimate contribution margin will fall between $7.01 and $10.00, depending on plant utilization.

Tom. I would price at $30.00.

Jane. I would position at the ideal spot in the segment and increase MTBF to 26,000 hours.

Bob. I would automate to 7.0. That way I could cut labor costs, but I could complete an R&D project each year to keep up with the segment movement while minimizing my age.

Which description best fits Digby in your industry? For clarity:

- A differentiator competes through good designs, high awareness, and easy accessibility.

- A cost leader competes on price by reducing costs and passing the savings to customers.

- A broad player competes in all parts of the market.

- A niche player competes in selected parts of the market.

Which of these four statements best describes this competitor?

Select: 1

Digby is a broad differentiator

Digby is a niche differentiator

Digby is a niche cost leader

Digby is a broad cost leader

What if last year the Andrews Corporation issued 321,200 shares at $26.00 per share.

The effect on the balance sheet would have been:

Select: 1

Retained Earnings increased $8,351,200; Cash increased $8,351,200.

Cash increased $8,351,200; Common Stock decreased $8,351,200.

Cash increased $8,351,200, Common Stock increased $8,351,200.

Common Stock increased $8,351,200; Retained Earnings decreased $8,351,200.

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