Question
Hodgkiss Mfg., Inc., is currently operating at only 85 percent of fixed asset capacity. Fixed assets are $413,400. Current sales are $530,000 and projected to
Hodgkiss Mfg., Inc., is currently operating at only 85 percent of fixed asset capacity. Fixed assets are $413,400. Current sales are $530,000 and projected to grow to $673,412. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity.
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$34,395
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$34,726
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$33,072
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$31,418
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$111,861
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
