10 out of 10 points | | | 1. Andrew corporation is downsizing the size of their workforce by 10% next year from various strategic initiatives. They currently have 1031 employees. How much will the company pay in separation costs if each worker receives $6,000 in separation? Answer | | | | | Selected Answer: | 618600 | Correct Answer: | 621,000 | Answer range +/- | 3,000 (618000.0 - 624000.0) | Response Feedback: | 10% of 1031 equal 103.1 employees. Since you cannot layoff a fraction of an employee you will end up laying off 103 employees at $6,000 severance cost for each resulting in $618,000 total cost. | | | | | * Question 3

10 out of 10 points | | | What is the current leverage of Ferris? Balance Sheet Survey | Andrews | Baldwin | Chester | Digby | Erie | Ferris | Cash | $8,638 | $0 | $4,983 | $25,000 | $0 | $43,641 | Accounts Receivable | $13,669 | $8,504 | $7,337 | $25,725 | $12,632 | $21,247 | Inventory | $21,393 | $48,766 | $18,250 | $6,239 | $42,486 | $21,205 | Total Current Assets | $43,699 | $57,270 | $30,570 | $56,963 | $55,118 | $86,093 | |