# 1. he Baldwin Company has just purchased \$40,900,000 of plant an

1. he Baldwin Company has just purchased \$40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is \$4,090,000. What will the accumulated depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use? (Use FASB GAAP) Select: 1[removed] [removed] \$4,908,000 [removed] \$2,454,000 [removed] \$5,453,333 [removed] \$2,726,667     2.  The Chester Company has just issued \$7,169,042 in dividends last year. The effect of this payment on the balance sheet is: Select: 1[removed] [removed] Liabilities will increase \$7,169,042 [removed] Expenses will increase \$7,169,042 [removed] Net Profit will decrease \$7,169,042 [removed] Equity will decrease \$7,169,042   3.  What is the Quick Ratio of Chester? Select: 1[removed] [removed] 1.4% [removed] 0.5% [removed] 2.0% [removed] 2.1%     4. Chester has a ROS of 0.08 (ROS = Net income/Sales). That means: Select: 1[removed] [removed] There is a 8% profit on each dollar of sales. [removed] There are sales of \$92 for every dollar of profit. [removed] For every \$8 of sales there is a profit of 1%. [removed] There are sales of \$8 for every dollar of profit.     5. Midyear on July 31st, the Digby Corporation’s balance sheet reported: Total Liabilities of \$51.432 million Total Common Stock of \$2.540 million Cash of \$4.020 million Retained Earnings of \$18.537 million.  What were the Digby Corporation’s total assets? Select: 1[removed] [removed] \$34.375 million [removed] \$36.915 million [removed] \$68.489 million [removed] \$72.509 million   6. Which mission statement best represents the Digby company? Select: 1[removed] [removed] Innovation meets revolution. We create value for our customers through breakthrough designs that lead to unique high-performance products. [removed] Consistency and affordability are our goals. Our central mission is to offer dependable, low-price products that our customers can count on. [removed] Providing value to our customers is why we get up in the morning. We accomplish this by offering products at a low price our customers can afford across a wide variety of market segments. [removed] Lasting innovation is our motivation. We build premium products that are elegantly designed to meet the needs of a variety of market segments.     7. Review the Inquirer to determine Baldwin’s current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Baldwin would be most likely to pursue. Select: 5[removed] [removed] Increase demand through TQM initiatives [removed] Seek high automation levels [removed] Seek high plant utilization, even if it risks occasional small stockouts [removed] Add additional products [removed] Reduce cost of goods through TQM initiatives [removed] Offer attractive credit terms [removed] Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand [removed] Seek excellent product designs, high awareness, and high accessibility [removed] Seek the lowest price in their target market while maintaining a competitive contribution margin [removed] Reduce labor costs through training and recruitment

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