Question
In its 2017 annual report, Manchester Corp. reports the following: 2017 2016 Total revenue $960,000 $810,000 Property, plant, equipment, gross 775,000 763,000 Asset disposals 0
In its 2017 annual report, Manchester Corp. reports the following:
| 2017 | 2016 | |
| Total revenue | $960,000 | $810,000 |
| Property, plant, equipment, gross | 775,000 | 763,000 |
| Asset disposals | 0 | 0 |
If revenue is projected to increase by 8% in 2018, projected 2018 capital expenditures would be:
| A. | $12,150 | |
| B. | $12,000 | |
| C. | $12,960 | |
| D. | $-0- | |
| E. | None of the above |
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Rajan Datar, Srikant M. Datar
16th Edition
9352860195, 978-9352860197
