MGMT 4750 Comp XM Quiz | Questions with 100% Correct Answers | Verified | Latest Update 2024

Andrews Company currently has the following balances in their liability and equity accounts: Total Liabilities: $52,319,000 Common Stock: $8,808,000 Retained Earnings: $45,066,000 Next year the Andrews Company generates $11,500,000 in Net Profit, pays $5,000,000 in dividends, and total liabilities and common stock remain unchanged. What will their total assets be next year? - $112,693,000 Every time your colleague Spock faces a dilemma, he likes to say, "The needs of the many outweigh the needs of the few." He favors which form of ethical guidance? - Utilitarianism Andrews' R&D Vice President calls a meeting with an agenda to set goals for a project to launch a new product. Which of the following actions would be most effective in helping the team attain its goals? - Ensure that the project goals are specific, measurable, achievable, realistic, and timely. If Chester's current cash balance is $26,337 (000) and Cash Flows From Operations next period are unchanged from this period, which of the following activities will expose Chester to the most risk of needing an emergency loan? - Purchases assets at a cost of $25,000,000 Fierce is a product of the Ferris Company. Ferris's sales forecast for Fierce is 1,150 units, and they currently have 186 units on hand. Chester wants to have an extra 10% on hand above their forecasted units in case sales are better than expected, to avoid stocking out. Taking current inventory into account, what will Fierce's Fulfillment After Adjustment have to be in order to have a 10% reserve of units available for sale? All numbers in thousands (000). - 1,079 units On the income statement, which of the following would be classified as a Variable cost? - Direct Material Expense