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Hodgkiss Mfg., Inc., is currently operating at only 76 percent of fixed asset capacity. Fixed assets are $400,400. Current sales are $520,000 and projected to
Hodgkiss Mfg., Inc., is currently operating at only 76 percent of fixed asset capacity. Fixed assets are $400,400. Current sales are $520,000 and projected to grow to $738.947. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity. Multiple Choice O $168.589 O $32,032 $33,313 O O $33,634 O $30.430 Based only on the following information for Thrice Corp., did cash go up or down? By how much? Classify each event as a source or use of cash. Decrease in inventory Decrease in accounts payable Increase in notes payable Increase in accounts receivable $400 130 680 250 1 Multiple Choice O Cash decreased by $1,460 O Cash increased by $960 Cash increased by $700 O Cash increased by $1,200 O Cash decreased by $700 O
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