Questions
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Top of Form According to the depreciation rates used by the company and described in the Production Cost Report, if a company adds 50 new workstations at a cost of $250,000 each and also spends $5 million for an addition to its assembly plant to accommodate the new workstations, then its annual depreciation costs will rise by | | | $1,750,000 | | | $700,000 | | | $350,000 | | | $17,500,000 | | | None of these-------------------------------------------------
Top of Form Income Statement Data | Quarter 1(in 000s) | Sales Revenues | $50,000 | Operating Profit | 14,400 | Net Income | $ 9,555 | | | Balance Sheet Data | | Total Current Assets | $70,000 | Total Assets | 139,000 | Total Current Liabilities | 26,000 | L-T Debt (draw against credit line) | 23,000 | Total Equity | 90,000 | | | Other Financial Data | | Depreciation | $4,000 | Dividend payments | $2,250 | | | Based on the above figures, the company’s current ratio (defined as current assets divided by current liabilities, as per the Help screen for the Comparative Financial Performance page of the GSR) is | | | 2.69 | | | $44,000 | | | 5.38 | | | 0.371 | | | None of these |
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Top of FormAssume a company’s Income Statement for a given quarter is as follows: Income Statement Data | Quarter 1(in 000s) | Sales Revenues | $50,000 | Production Costs | 26,500 | Delivery Costs | 1,600 | Marketing Costs | 8,500 | Administrative Expenses | 2,000 | Operating Profit | 14,400 | Net Interest | 750 | Income Before Taxes | 13,650 | Taxes | 4,095 | Net Income | $9,555 | Based on the above data, which of the following statements is false? | | | Production costs are 53% of revenues, thus resulting in a gross profit margin (sales revenues less costs of goods
Top of Form According to the depreciation rates used by the company and described in the Production Cost Report, if a company adds 50 new workstations at a cost of $250,000 each and also spends $5 million for an addition to its assembly plant to accommodate the new workstations, then its annual depreciation costs will rise by | | | $1,750,000 | | | $700,000 | | | $350,000 | | | $17,500,000 | | | None of these-------------------------------------------------
Top of Form Income Statement Data | Quarter 1(in 000s) | Sales Revenues | $50,000 | Operating Profit | 14,400 | Net Income | $ 9,555 | | | Balance Sheet Data | | Total Current Assets | $70,000 | Total Assets | 139,000 | Total Current Liabilities | 26,000 | L-T Debt (draw against credit line) | 23,000 | Total Equity | 90,000 | | | Other Financial Data | | Depreciation | $4,000 | Dividend payments | $2,250 | | | Based on the above figures, the company’s current ratio (defined as current assets divided by current liabilities, as per the Help screen for the Comparative Financial Performance page of the GSR) is | | | 2.69 | | | $44,000 | | | 5.38 | | | 0.371 | | | None of these |
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Top of FormAssume a company’s Income Statement for a given quarter is as follows: Income Statement Data | Quarter 1(in 000s) | Sales Revenues | $50,000 | Production Costs | 26,500 | Delivery Costs | 1,600 | Marketing Costs | 8,500 | Administrative Expenses | 2,000 | Operating Profit | 14,400 | Net Interest | 750 | Income Before Taxes | 13,650 | Taxes | 4,095 | Net Income | $9,555 | Based on the above data, which of the following statements is false? | | | Production costs are 53% of revenues, thus resulting in a gross profit margin (sales revenues less costs of goods