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3 years ago

When forecasting fixed asset requirements, the projected fixed asset balance will

Business

1 answer:

iren2701 [21]3 years ago

4 0

Answer:

C. not increase proportionally with sales if the existing level of fixed assets is sufficient to support current sales.

Explanation:

The total assets comprises of current assets, fixed assets and the intangible assets .

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

If the existing level of the fixed asset is enough to support the current assets so the projected fixed assets balance would not be increased proportionally with the increase in sales

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3 years ago

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3 years ago

Russell Preston delivers parts for several local auto parts stores. He charges clients $1.30 per mile driven. Russell has determ

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Answer:

A. Determine how many miles Russell needs to drive to break even?

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C. Determine how many miles Russell must drive to earn $2,135.00 in profit.

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D. Prepare a contribution margin income statement assuming Russell drove 2,500 miles last month.

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contribution margin $2,525

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3 years ago

When forecasting fixed asset​ requirements, the projected fixed asset balance will

When forecasting fixed asset requirements, the projected fixed asset balance will