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Just the added problem I need to be answered. Thanks! Text problem 16 Full Capacity Sales: Pinnacle Mfg. Inc. is currently operating at only 94%
Just the added problem I need to be answered. Thanks!
Text problem 16 Full Capacity Sales: Pinnacle Mfg. Inc. is currently operating at only 94% of fixed asset capacity. Current sales are $830,000. How fast can sales grow before any new fixed assets are needed? Maximum Sales Grwoth 1/current fixed asset capacity-1 1/94%)-1 6.38% Added Problem (not in the text) Using the financial details from text problem 16 (above), how many $ of new fixed assets are needed to reach $1,000,000 sales if the company has $2,500,000 in fixed assets? If Hodgkiss Mfg. wants to stay at 91% operating capacity, how many $ of new assets will be needed to reach $1,000,000 in salesStep by Step Solution
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