FINANCE –EXAM 3 1.    The Hasting Company began operations on January 1, 2003 and uses the FIFO method in costing its raw material inventory. An analyst is wondering what net income would have been if the company had consistently followed LIFO (instead of FIFO) from the beginning, 1/1/2003. He has the following information available to him: What would net income have been in 2004 if Hastings […]

Chpater  6 value:10.00 points Foundational 7-1 Morganton Company makes one product and it provided the following information to help prepare the master budget for its four months of operations: (a) The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 8,400, 15,000, 17,000, and 18,000 units, respectively. All sales are on credit. (b) Thirty-percent of credit sales […]

Baldwin’s turnover rate for this year is 6.29%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Baldwin plans to spend an additional $500 beyond the extra amount above the $1000 recruiting base it spent this year. The goal of this additional investment is to improve the quality of applicants. What would the total recruiting cost […]

1. Review the Inquirer to determine Digby’s current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Digby would be most likely to pursue.Select: 5Seek high automation levelsSeek the lowest price in their target market while maintaining a competitive contribution marginSeek excellent product designs, high awareness, and high accessibilityAccept lower plant utilization and […]

Chapter 2 assignment : Essay questions with citing. #1,2,3,4- page 47 Chapter 5 assignment: Essay questions  1,2,3,4 page 132-133  1. The Senate recently released a report on wrongdoing at JP Morgan Chase. It found that bank executives lied to investors and the public. Also, traders, with the knowledge of top management, changed risk limits to facilitate more trading and then violated even these higher limits. […]

List the junior writer and the ghostwriter as co-authors for the article so that you can responsibly meet your obligations to your colleagues. As you come to the end of the process, you’ve made the following decision: List the junior writer and the ghostwriter as co-authors for the article so that you can responsibly meet your obligations to your colleagues. The option you chose was […]

 Facebook includes a forum selection clause that requires users with legal disputes to file any lawsuits against Facebook in courts physically located near its northern California corporate headquarters. Review the discussion of this issue in your textbook (Legal Strategy 101, pp. 100-101); then, analyze the following questions: Is forum shopping ethical? What are you using as your ethical standard? Should courts enforce forum selection clauses […]

1. Which of these can be used by interested parties to identify changes in corporate performance? Common-size financial statements Industrialized financial statements Sanitized financial statements None of these 2. A deposit of $300 earns interest rates of 7 percent in the first year and 10 percent in the second year. What would be the second year future value? $651.00 $351.00 $602.17 $353.10 3. A small […]

Your employer, a mid-sized human resources management company, is considering expansion into related fields, including the acquisition of Temp Force Company, an employment agency that supplies word processor operators and computer programmers to business with temporary heavy workloads. Your employer is also considering the purchase of a Biggerstaff & Biggerstaff (B&B), a privately help company owned by two million, which is expected to grow at […]

40 Roland had a taxable estate of $4.5 million when he died this year.  Calculate the amount of estate tax due (if any) under the following alternatives. a.     Roland’s prior taxable gifts consist of a taxable gift of $1 million in 2005. b.    Roland’s prior taxable gifts consist of a taxable gift of $1.5 million in 2005. c.     Roland’s prior taxable gifts consist of a […]