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Hodgkiss Mfg., Incorporated, is currently operating at only 85 percent of fixed asset capacity. Fixed assets are $378,000. Current sales are $450,000 and projected
Hodgkiss Mfg., Incorporated, is currently operating at only 85 percent of fixed asset capacity. Fixed assets are $378,000. Current sales are $450,000 and projected to grow to $635,294. 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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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
