MGMT 4750-Comp XM Quiz
Andrews 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, with no scrap value For this
transaction alone, which of the following statements are true? - ANS-Depreciation
increased by $1,346,667.
Andrews 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, with no scrap value For this
transaction alone, which of the following statements are true? - ANS-Depreciation
increased by $1,346,667.
