Exam (elaborations)
MGMT 4750-Comp XM Quiz – Qs And As
MGMT 4750-Comp XM Quiz – Qs And As
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MGMT 4750-Comp XM Quiz – Qs And AsAndrews Company currently has the following balances in their liability
and equity accounts: Total Liabilities: $52,319,000 Common Stock:
$8,808,000 Retained Earnings: $45,066,000 Next year the Andrews
Company generates $11,500,000 in Net Profit, pays $5,000,000 in
dividends, and total liabilities and common stock remain unchanged. What
will their total assets be next year? ✔️Ans - $112,693,000
Every time your colleague Spock faces a dilemma, he likes to say, "The
needs of the many outweigh the needs of the few." He favors which form of
ethical guidance? ✔️Ans - Utilitarianism
Andrews' R&D Vice President calls a meeting with an agenda to set goals
for a project to launch a new product. Which of the following actions would
be most effective in helping the team attain its goals? ✔️Ans - Ensure
that the project goals are specific, measurable, achievable, realistic, and
timely.
If Chester's current cash balance is $26,337 (000) and Cash Flows From
Operations next period are unchanged from this period, which of the
following activities will expose Chester to the most risk of needing an
emergency loan? ✔️Ans - Purchases assets at a cost of $25,000,000
Fierce is a product of the Ferris Company. Ferris's sales forecast for Fierce
is 1,150 units, and they currently have 186 units on hand. Chester wants to
have an extra 10% on hand above their forecasted units in case sales are
better than expected, to avoid stocking out. Taking current inventory into
account, what will Fierce's Fulfillment After Adjustment have to be in order
to have a 10% reserve of units available for sale? All numbers in thousands
(000). ✔️Ans - 1,079 units
On the income statement, which of the following would be classified as a
Variable cost? ✔️Ans - Direct Material Expense
Suppose Chester invested in plant and equipment last year. The plant
investment was funded with bonds at a face value of $14,000,000 at 11.0%
interest and equity of $6,200,000. Depreciation is 15 years straight line,
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