BUSN – Review the Inquirer to determine Chester’s current strategy

| August 14, 2017

Review the Inquirer to determine Chester’s current strategy. Where will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Chester would be most likely to pursue.Select: 5Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demandIncrease demand through TQM initiativesSeek high automation levelsReduce cost of goods through TQM initiativesSeek high plant utilization, even if it risks occasional small stockoutsReduce labor costs through training and recruitmentAdd additional productsSeek the lowest price in their target market while maintaining a competitive contribution marginSeek excellent product designs, high awareness, and high accessibilityOffer attractive credit termsThe 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$32,720,000$33,538,000$29,448,000$35,446,667The Chester Company has just issued $7,169,042 in dividends last year. The effect of this payment on the balance sheet is:Select: 1Expenses will increase $7,169,042Net Profit will decrease $7,169,042Equity will decrease $7,169,042Liabilities will increase $7,169,042What is the Profit Margin of Chester?Select: 1.1512.686.61.08Chester has a ROA of 0.12 (ROA = Net income/Total Assets). That means:Select: 1Every dollar of Chester’s assets result in earnings of $0.12.Chester uses $0.88 of each dollar earned to purchase assets.Chester uses $0.12 of each dollar earned to purchase assets.Every dollar of Chester’s assets result in earnings of $0.88.Midyear on July 31st, the Digby Corporation’s balance sheet reported:Total Liabilities of $50.986 millionCash of $4.020 millionTotal Assets of $81.964 millionRetained Earnings of $17.162 million.What was the Digby Corporation’s common stock?Select: 1$52.160 million$48.140 million$13.816 million$17.836 millionWhich mission statement best represents the Digby company?Select: 1Providing 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.Lasting innovation is our motivation. We build premium products that are elegantly designed to meet the needs of a variety of market segments.Consistency and affordability are our goals. Our central mission is to offer dependable, low-price products that our customers can count on.Innovation meets revolution. We create value for our customers through breakthrough designs that lead to unique high-performance products.

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