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The Baldwin company currently has the following balances on their balance sheet: Assets $263,400 Common...

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Accounting

The Baldwin company currently has the following balances on their balance sheet: Assets $263,400 Common Stock $59,042 Retained earnings $52,131 Suppose next year the Baldwin Company generates $20,000 in net profit, pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?
Select: 1
$9,827
$152,227
$88,869

$29,827

Chester has negotiated a new labor contract for the next round that will affect the cost for their product Cid. Labor costs will go from $7.91 to $8.41 per unit. Assume all period and variable costs as reported on Chester's Income Statement remain the same. If Chester were to pass on half the new labor costs to their customers, how many units of product Cid would need to be sold next round to break even on the product?
Select: 1
581
569
1,980
558

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