Exam (elaborations)
Comp-xm rd2
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- Hip Anatomy -
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- Hip Anatomy -
Exam of 2 pages for the course Hip Anatomy - at Hip Anatomy - (Comp-xm rd2)
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Comp-xm rd2Digby's turnover rate for this year is 6.33%. This rate is projected to remain the same
next year and no further downsizing will occur from automating. Digby plans to spend
an additional $500 beyond the extra amount above the $1000 recruiting base it spent
this year. The goal of this additional investment is to improve the quality of applicants.
What would the total recruiting cost be for Digby next year? - ANS-$206,260
Next year Baldwin plans to include an additional performance bonus of 0.25% in its
compensation plan. This incentive will be provided in addition to the annual raise, if
productivity goals are reached. Assuming the goals are reached, how much will Baldwin
pay its employees per hour? - ANS-$29.63
Suppose the Digby company shifts focus to only competing in the Thrift and Nano
segments, while competing on price by reducing costs and passing the savings to the
customers, what strategy would they be implementing? - ANS-Niche cost leader
Baldwin Corp. ended the year carrying $27,719,000 worth of inventory. Had they sold
their entire inventory at their current prices, how much more revenue would it have
brought to Baldwin Corp.? - ANS-$27,719,000
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 accounts payable goes down: - ANS-It is a use of cash, and
will be shown in the operating section as a subtraction.
This year Andrews achieved an ROE of 15.6%. Suppose next year the profit margin
(Net Income/Sales) decreases. Assuming sales, assets and financial leverage remain
the same next year, what effect would you expect this action to have on Andrews's
ROE? - ANS-Andrews ROE will decrease.
On the income statement, which of the following would be classified as a variable cost?
- ANS-Direct Material Expense
It is January 2nd and senior management of Digby 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
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