Welcome to Assignment Heroes

Chester Company

1) The Chester 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
[removed] $33,538,000
[removed] $35,446,667
[removed] $29,448,000
[removed] $32,720,000




2) What is the Quick Ratio of Chester?
Select: 1
[removed] 1.39
[removed] 1.61
[removed] .62
[removed] .72




3) Digby has a ROS of 0.09 (ROS = Net income/Sales). That means:
Select: 1
[removed] There are sales of $9 for every dollar of profit.
[removed] There is a 9% profit on each dollar of sales.
[removed] There are sales of $91 for every dollar of profit.
[removed] For every $9 of sales there is a profit of 1%.




4) Midyear on July 31st, the Baldwin Corporation’s balance sheet reported:

Total Liabilities of $103.453 million
Cash of $8.040 million
Total Assets of $172.520 million
Total Common Stock of $5.080 million.

What were the Baldwin Corporation’s retained earnings?

Select: 1
[removed] $74.147 million
[removed] $63.987 million
[removed] $72.027 million
[removed] $82.187 million




5) 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] Seek high plant utilization, even if it risks occasional small stockouts
[removed] Increase demand through TQM initiatives
[removed] Add additional products
[removed] Seek high automation levels
[removed] Offer attractive credit terms
[removed] Seek the lowest price in their target market while maintaining a competitive contribution margin
[removed] Reduce cost of goods through TQM initiatives
[removed] Seek excellent product designs, high awareness, and high accessibility
[removed] Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand
[removed] Reduce labor costs through training and recruitment


6) Rank the following companies from high to low cumulative profit, (in descending order, 1=highest, 4=lowest).
Rank in order from 1 to 4
[removed]  Chester
[removed]  Baldwin
[removed]  Andrews
[removed]  Digby




7) Which description best fits Chester 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
[removed] Chester is a niche cost leader
[removed] Chester is a broad differentiator
[removed] Chester is a broad cost leader
[removed] Chester is a niche differentiator




8) If Baldwin issued 1000 shares of common stock at last year’s end price, the effect on the balance sheet would be:
Select: 1
[removed] Retained earnings would increase by $4,804
[removed] Retained earnings would increase by $48,039
[removed] Equity would decrease by $4,804
[removed] Equity would increase by $48,039




15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.