Exam (elaborations)
MGMT 4750-Comp XM Quiz Verified 2024
- Module
- Institution
MGMT 4750-Comp XM Quiz Verified 2024
[Show more]
Seller
Follow
LUCKYSTAR2022
Reviews received
Content preview
MGMT 4750-Comp XM Quiz Verified 2024Andrews 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? - ANSWER-$112,693,000
Andrews earned revenue of $223,545,000 and had expenses of $211,947,000. This will
cause which of the following changes in equity? - ANSWER-Equity will increase
$11,598,000
Andrews wants to retire the following bond early: Series 14.0S2025 Face $6,600,000
Yield 13.8% Close - $101.30 Assuming no brokerage fees, calculate the amount of cash
needed to retire the bond. - ANSWER-$6,685,800
Andrews' Balance Sheet has $53,874,000 in equity and the company has 2,164,812
shares outstanding. Further, the company is expecting $11,500,000 in net income next
year. Assuming no dividends are paid and no stock is issued, what would their Book
Value be next year? - ANSWER-$30.20
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? - ANSWER-Ensure that the project goals are specific,
measurable, achievable, realistic, and timely.
Currently Andrew is paying a dividend per share of $0.00. If Andrews increased its
dividend to $1.50, given its current stock price of $50.18, what would be the Dividend
Yield? - ANSWER-3.0%
Currently Chester is charged $6,576,000 in Depreciation on the Income Statement.
Chester is planning for an increase in this depreciation. What will this do on Chester 's
financial statements? - ANSWER-Increase Net Cash From Operations on the Cash
Flow Statement
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? -
ANSWER-Utilitarianism
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). - ANSWER-1,079 units
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LUCKYSTAR2022. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £7.75. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now