Summit Corporation has $3.2 billion in sales and $1.8 billion in fixed assets. Currently, the company's fixed assets are operating at 80% of capacity. What level of sales could Summit Corporation have obtained if it had been operating at full capacity? (Round your answer to the nearest cent.) A) $3.8 billion B) $4.0 billion C) $4.4 billion D) $4.0 billion ($4,000,000,000.00)

Summit Corporation has $3.2 billion in sales and $1.8 billion in fixed assets. Currently, the company's fixed assets are operating at 80% of capacity. What level of sales could Summit Corporation have obtained if it had been operating at full capacity? (Round your answer to the nearest cent.) A) $3.8 billion B) $4.0 billion C) $4.4 billion D) $4.0 billion ($4,000,000,000.00)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...

See similar textbooks

Similar questions

Williamson Industries has $7 billion in sales and $1.944 billion in fixedassets. Currently, the company’s fixed assets are operating at 90% of capacity.a. What level of sales could Williamson Industries have obtained if it had been operatingat full capacity?b. What is Williamson’s target fixed assets/sales ratio?c. If Williamson’s sales increase 15%, how large of an increase in fixed assets will thecompany need to meet its target fixed assets/sales ratio?
Walter Industries has $5 billion in sales and $1.7 billion in fixed assets. Currently, the company’s fixed assets are operating at 90% of capacity. What level of sales could Walter Industries have obtained if it had been operating at full capacity? b.What is Walter’s Target fixed assets/Sales ratio? c.If Walter’s sales increase 12%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio?
Kk.1. Williamson Industries has $6 billion in sales and $1.709 billion in fixed assets. Currently, the company's fixed assets are operating at 95% of capacity. What level of sales could Williamson Industries have obtained if it had been operating at full capacity? Enter your answer in billions of dollars. Round your answer to five decimal places. $ billion What is Williamson's target fixed assets/sales ratio? Do not round intermediate calculations. Round your answer to two decimal places. % If Williamson's sales increase 14%, how large of an increase in fixed assets will the company need to meet its target fixed assets/sales ratio? Enter your answer in billions of dollars. Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to five decimal places. $ billion
Earleton Manufacturing Company has $3 billion in sales and$787,500,000 in fixed assets. Currently, the company’s fixed assets are operating at 80% ofcapacity.a. What level of sales could Earleton have obtained if it had been operating at fullcapacity?b. What is Earleton’s target fixed assets/sales ratio?c. If Earleton’s sales increase 30%, how large of an increase in fixed assets will thecompany need to meet its target fixed assets/sales ratio?
Last year Baron Enterprises had $775 million of sales, and it had $270 million of fixed assets that were used at 65% of capacity last year. In millions, by how much could Baron's sales increase before it is required to increase its fixed assets? Select the correct answer. a. $429.1 b. $417.3 c. $411.4 d. $399.6 e. $405.5
Buzzy Manufacturing Company has P2 billion in sales and P0.6 billion in fixed assets. Currently, the company’s fixed assets are operating at 80% of capacity. What level of sales could Buzzy have obtained if it have been operating at full capacity? What is Buzzy’s target fixed assets to sales ratio? If Buzzy’s sales increased by 30%, how large is the increase in fixed assets will the company need to meet its target fixed assets to sales?
when answering the question please type out all of your work
Can you please answer the general accounting question?
Last year Godinho Corp. had $420.0 million of sales, and it had $75.0 million of fixed assets that were being operated at 80% of capacity. In millions, how large could sales have been if the company had operated at full capacity? a. $618.8 million b. $336.0 million c. $525.0 million d. $431.3 million e. $396.0 million
Given answer Accounting question
Ab. 153.
The Besnier Company had $430 million of sales last year, and it had $75 million of fixed assets that were being operated at 80% of capacity. In millions, how large could sales have been if the company had operated at full capacity? Select the correct answer. a. $531.7 b. $537.5 c. $543.3 d. $554.9 e. $549.1