Accounting Assignment MCQs

| September 29, 2018

Chester Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic initiatives. How much will the company pay in separation costs if each worker receives $5,000 when separated?Select: 1$300,000$120,000$2,680,000$1,072,000Your Competitive Intelligence team is predicting that the Digby Company will invest in adding capacity to their Deft product this year. Assume Digby’s product Deft invests in increasing its capacity by 10% this year. Because of this new information, your company anticipates all other products in the Core segment will increase their capacity by the same amount. How much can the industry produce in the Core segment the next year? Consider only products primarily in the Core segment last year. Ignore current inventories. Figures in thousands (000).Select: 17,6784,5258,7284,8309,70612,9368,656Assume Baldwin is paying a dividend of $1.63 (per share). If this dividend stayed the same, but the stock price rose by 10% what would be the dividend yield?Select: 15.06%19.76%4.05%6.58%Last year Attic charged $1,904,000 Depreciation on the Income Statement of Andrews. If early this year Attic purchased a new depreciable asset, the effect on Andrews’s financial statements would be (all other items remaining equal):Select: 1Increase Net Cash from operationsDecrease Net Cash from operations on the Cash Flow StatementNo impact on Net Cash from operationsJust impact the Balance SheetAssume Baldwin is producing 2,025 units of Bam next year. What would Bam’s plant utilization be?Select: 1135.00%132.30%66.01%137.70%Digby’s balance sheet has $64,549,000 in equity. Next year they expect Assets to increase by $4,000,000 and Liabilities to decrease by $2,000,000. If that happens, what will be Digby’s book value?Select: 1$66,549,000$25,985,000$58,549,000$70,549,000All else constant, what would Digby’s SG&A/Sales ratio be if the company had spent an additional $1,500,000 for Daft’s promotional budget and $750,000 for Daft’s sales budget?Select: 110.5%14.8%12.3%14.1%In the month of March the Digby Corporation received and delivered orders of 117,000 units at a price of $15.00 for revenue of $1.755mil for their product Drum. Digby uses the accrual method of accounting and offers 30 day credit terms. By the end of May Digby had collected payments of $1.755mil for the March deliveries. How much of the collected $1.755mil should Digby show on the March 31st income statement and how much on the May 31st income statement?Select: 1$0 in March;$1.755mil in May$0.877mil in March;$0.877mil in May$1.755mil in March;$0 in May$0.579mil in March;$1.176mil in May

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