Hodgkiss Mfg., Inc., is currently operating at only 90 percent of fixed asset capacity. Current sales are $720,000. Fixed assets are $440,000 and sales are projected to grow to $850,000. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity. (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Hodgkiss Mfg., Inc., is currently operating at only 90 percent of fixed asset capacity. Current sales are $720,000. Fixed assets are ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Beal Manufacturing Co.'s static budget at 12,000 units of production includes $72,000 for direct labor and $12,000 for direct materials. Total fixed costs are $48,000.
Answers (1)
A 5.5 percent coupon rate $1,000 bond matures in seven years, pays interest semiannually, and has a yield to maturity of 6.23 percent. What is the current market price of the bond?
Answers (1)
The U. S. Post Office charges 40 cents for the first ounce and 25 cents per ounce for each additional ounce. Use an inequality to find the number of whole ounces that can be mailed for no more than $4.00.
Answers (1)
When the price of product a increases, the demand for product b increases as well. you can conclude that products a and b are:?
Answers (1)
When washing dishes in a three-compartment sink, what should the first compartment contain?
Answers (1)
New Questions in Business
Suppose you go out with your friend for coffee and donuts at the local donut store. the first donut you eat tastes incredibly good. the second one also tastes pretty good. the third donut seems just okay.
Answers (1)
One of the most important ingredients in bubble tea is the tapioca pearls that are added to the tea. If the price of tapioca flour increases, what will happen to the supply of bubble tea, all else being equal?
Answers (1)
If you put all the profits into your business, you may not be able to do which of the following? A: hire an accountant B: fund your IRA C:pay for your marketing D:develop new products
Answers (1)
Henry Sweet Co. currently makes 6" candy sticks that it sells for $0.20 each. Henry can make 12" candy sticks out of two 6" candy sticks by melting them together, which costs an additional $0.03 per 12" stick. Henry can sell the 12" sticks for $0.45.
Answers (1)
The customer relationship management process involves all the activities related to receiving and approving orders, shipping the goods on time, and collecting payment. Group of answer choices True False
No Answers