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docker41 [41]
4 years ago
11

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.)
Business
1 answer:
lions [1.4K]4 years ago
5 0

Answer:

How much in new fixed assets are required to support this growth in sales?

x= 81818,18 New fixxed assets

Explanation:

Today  

720000  

440000  

90%  

 

440000 90%  

x=      100%  

x=488888,88

 

488888,8889 x  

440000 720000  

 

x= 800000 Full capacity sales

850000 expected sales

 

 

50000 x  

440000 720000  

 

x= 81818,18182 New fixxed assets

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City Foods, is a firm that is experiencing rapid growth. The firm just paid a dividend of $2.00 yesterday. They expect to see th
slega [8]

Answer:

The maximum that should be paid for the stock today is $45 per share.

Explanation:

To calculate the current share price or the maximum that should be paid for the stock today, we will use the dividend discount model approach.

The dividend discount model (DDM) estimates the value of a share/stock based on the present value of the expected future dividends from the stock. We will use the two stage growth model of DDM here as the growth in dividends of the stock is divided into two stages.

The formula for current price under two stage growth model is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2 + ... + D0 * (1+g1)^n / (1+r)^n  +

[( D0 * (1+g1)^n * (1+g2)) / (r - g2)] / (1+r)^n

Where,

g1 is initial growth rate

g2 is the constant growth rate

r is the required rate of return

So, the price of the stock today will be,

P0 = 2 * (1+0.20) / (1+0.12)  +  2 * (1+0.20)^2 / (1+0.12)^2  +    

[( 2 * (1+0.20)^2 * (1+0.06)) / (0.12 - 0.06)] / (1+0.12)^2

P0 = $45

5 0
4 years ago
Manufacturing cycle time is best defined as the: length of the work shift, expressed in minutes per day. time it takes a unit to
luda_lava [24]

Answer:

time from raw materials receipt to finished product exit.

Explanation:

Manufacturing cycle time is best defined as the "time from raw materials receipt to finished product exit."

To explain better, manufacturing cycle time is the overall time of process that covers the total duration it takes the final production of commodities to be made. That is beginning from the inception stage which is usually raw materials through its conversion stage and eventually into finished goods.

5 0
3 years ago
You work in the finance division of a company listed in the Stock Exchange. You have just learned that your supervisor has been
stepladder [879]

Answer:

  • Yes it is.
  • Ethical issue ⇒ Insider Trading.

Explanation:

Trading on the stock exchange is supposed to be as fair as possible so that every investor has a fair chance of making returns. If a person - like this supervisor - is using information that is material but not publicly disclosed yet to trade on markets, the fairness of the market is compromised because the person will have an edge over other investors which will enable them make unfair profits.

Information on quarterly returns is usually material so we can expect it to be material here as well which means that the supervisor is engaged in insider trading.

Insider trading is not only unethical but also highly illegal. Reporting your supervisor can get them sent to jail.

8 0
3 years ago
{The following information applies to the questions displayed be/ow. Fighting Irish Incorporated pays its employees $3,220 every
matrenka [14]

Answer: $690

Explanation:

The 2018 year- end adjusted balance of Salaries Payable will be calculated as:

= January 1, 2018 balance + Adjustment on December 31, 2018

= $0 + $690

= $690

Note: Salaries accrued at December 31, 2018 will be:

= (Number of days from December 29 - 31) × Salary per day

= 3 × $230

= $690

Therefore, the balance on salaries payable is $690

6 0
3 years ago
Which country, of those listed below, has the lowest percentage of women in senior management?
OLEGan [10]
As there is no countries listed but the percentage of women in senior management of some countries are as follows:
<span>Women in senior management in China = 50%
Women in Senior management in Poland = 48%
In Germany = 30%
and in United States = 20%
Now you can see that which country has lowest percentage of women in senior management and that is United States.</span>
8 0
3 years ago
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