Ferris' “Fun” product has 500,000 units of capacity and an automation rating of 3.5. Considering Pg 14 of our Team Member Guide, how much would it cost (in dollars) to increase this product’s automation rating to 4.5. In addition, what impact would this have on the product’s contribution margin?

Group of answer choices

A. $14,000,000 & CM would decrease

B. $700,000 & CM would increase

C. $1,500,000 & CM would decrease

D. $10,000,000 & CM would increase

E. None of the answers presented is correct

2. Here is an example of an Assessment Exam question:

Digby Co. had the following beginning-of-year balances in their two stockholder’s equity accounts:

Common Stock $62,000
Retained Earnings $50,000

For the current year, the company earned $47,750 in Net Profit, paid off $14,000 in long-term debt, issued $11,000 of common Stock and declared (and paid) $10,000 in dividends.

What will be the company’s "Retained Earnings" balance at the end of the current year?

Group of answer choices

$32,300

$46,300

$73,750

$87,750

$98,750

Answer rating: 100% (QA)

Answer 1 None of the answer presented are correct The cost paid to ... View the full answer