Question
Hodgkiss Mfg., Inc., is currently operating at only 89 percent of fixed asset capacity. Fixed assets are $410,800. Current sales are $520,000 and projected to
| Hodgkiss Mfg., Inc., is currently operating at only 89 percent of fixed asset capacity. Fixed assets are $410,800. Current sales are $520,000 and projected to grow to $671,910. 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
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$64,085
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$64,701
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$61,620
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$120,009
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$58,539
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
