Which of these four statements best describes this competitor?
Which of these four statements best describes this competitor?
Select: 1
Baldwin is a niche cost leader
Baldwin is a broad differentiator
Baldwin is a broad cost leader
Baldwin is a niche differentiator
4. If Baldwin issued 1000 shares of common stock at last year’s end price, the effect on the balance sheet would be:
Select: 1
Retained earnings would increase by $4,413
Retained earnings would increase by $44,128
Equity would decrease by $4,413
Equity would increase by $44,128
5. The 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 depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use? (Use FASB GAAP)
Select: 1
$4,908,000
$5,453,333
$2,454,000
$2,726,667
6. What is the Quick Ratio of Chester?
Select: 1
2.01
.50
1.46
.69
7. Chester has a ROA of 0.13 (ROA = Net income/Total Assets). That means:
Select: 1
Every dollar of Chester’s assets result in earnings of $0.13.
Chester uses $0.87 of each dollar earned to purchase assets.
Chester uses $0.13 of each dollar earned to purchase assets.
Every dollar of Chester’s assets result in earnings of $0.87.
8. Midyear on July 31st, the Digby Corporation’s balance sheet reported:
Total Liabilities of $25.571 million
Cash of $2.010 million
Total Assets of $41.126 million
Total Common Stock of $1.270 million.