accounting-Currently Attic is charged $4,656,000 Depreciation on the Income Statement of Andrews.

QUESTION

1. Currently Attic is charged $4,656,000 Depreciation on the Income Statement of Andrews. Andrews is planning for an increase in this depreciation. On the financial statements of Andrews will this?Select: 1Decrease Net Cash from Operations on the Cash Flow Statement.Increase Net Cash from Operations on the Cash Flow Statement.Have no impact on the Net Cash from Operations as depreciation appears in both Cash Flow and the Income Statement.Just impact the Balance Sheet.2. Currently Attic is charged $4,656,000 Depreciation on the Income Statement of Andrews. Andrews is planning for an increase in this depreciation. On the financial statements of Andrews will this?Select: 1Decrease Net Cash from Operations on the Cash Flow Statement.Increase Net Cash from Operations on the Cash Flow Statement.Have no impact on the Net Cash from Operations as depreciation appears in both Cash Flow and the Income Statement.Just impact the Balance Sheet.3. Digby’s balance sheet has $79,261,000 in equity. Further, the company is expecting net income of 4,000,000 next year, and also expecting to pay $5,000,000 in dividends. If there is no new stock issued what will be Digby’s book value?Select: 1$88,261,000$35,852,000$78,261,000$45,852,0004. All 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: 112.0%10.0%8.5%11.5%5. Your Competitive Intelligence team reports that a wave of product liability lawsuits is likely to cause Digby to pull the product Deft entirely off the market this year. Assume Digby scraps all capacity and inventory this round, completely writing off those assets and escrowing the proceeds to a settlement fund, and assume these lawsuits will have no effect on any other products of Digby or other companies. Without Digby’s product Deft how much can the industry currently produce in the Core segment? Consider only products primarily in the Core segment last year. Ignore current inventories. Figures in thousands (000).Select: 186818559 9560 4780 9659 6. In the month of March the Digby Corporation received and delivered orders of 134,000 units at a price of $15.00 for revenue of $2.010mil 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 $2.010mil for the March deliveries. How much of the collected $2.010mil should Digby show on the March 31st income statement and how much on the May 31st income statement?Select: 1$0 in March;$2.010mil in May$1.005mil in March;$1.005mil in May$2.010mil in March;$0 in May$0.663mil in March;$1.347mil in May7,581

ANSWER:

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