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 book value of this purchase (exclude all other plant and equipment) be after its third year of use? (Use FASB GAAP) Select: 1 $35,446,667 $32,720,000 $29,448,000 $33,538,000 What is the Quick Ratio of Chester? Select: 1 1.25 1.91 .80 .52 Chester has a ROS of 0.08 (ROS = Net income/Sales). That means: Select: 1 For every $8 of sales there is a profit of 1%. There is a 8% profit on each dollar of sales. There are sales of $8 for every dollar of profit. There are sales of $92 for every dollar of profit. Midyear on July 31st, the Digby Corporation’s balance sheet reported: Total Liabilities of $102.387 million Total Common Stock of $5.080 million Cash of $8.040 million Retained Earnings of $35.147 million. What were the Digby Corporation’s total assets? Select: 1 $70.200 million $75.280 million $142.614 million $134.574 million 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 Offer attractive credit terms Increase demand through TQM initiatives Seek high plant utilization, even if it risks occasional small stockouts Seek the lowest price in their target market while maintaining a competitive contribution margin Reduce labor costs through training and recruitment Reduce cost of goods through TQM initiatives Seek high automation levels Seek excellent product designs, high awareness, and high accessibility Add additional products Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand Rank the following companies from high to low cumulative profit, (in descending order, 1=highest, 4=lowest). Rank in order from 1 to 4 Digby Andrews Baldwin Chester Which description best fits Baldwin in your industry? For clarity: – A differentiator competes through good designs, high awareness, and easy accessibility. – A cost leader competes on price by reducing costs and passing the savings to customers. – A broad player competes in all parts of the market. – A niche player competes in selected parts of the market. 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 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 $4,415 Retained earnings would increase by $44,152 Equity would decrease by $4,415 Equity would increase by $44,152
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