Elgin Brick Manufacturing sold $200,000 of red bricks in the last year. They were operating at 94

Question:

Elgin Brick Manufacturing sold $200,000 of red bricks in the last year. They were operating at 94 percent of fixed asset capacity. How fast can Elgin Brick grow before they need to purchase new fixed assets?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

See More Books

Question Posted: Jun 24, 2019 09:20 AM

See More Questions

Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the companys operations in March follows: a. Raw materials were issued for use in...
Arizona Brick Corporation produces bricks in two processing departments-Molding and Firing. Information relating to the company's operations in March follows: a. Raw materials were issued for use in...
Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Incorporated, a major producer of masonry products, has applied for a short-term loan. Red Brick supplies building material...
Tell whether the given side lengths of a triangle can represent a right triangle. 36, 48, and 60
Give the products of the following reactions. (A catalytic amount of acid is present in each reaction.) a. Cyclopentanone + ethylamine b. Cyclopentanone + diethylamine c. Acetophenone + hexylamine d....
Find the standard deviation for the indicated sets of numbers. A calculator may be used. The following data giving the mean number of days of rain for Vancouver, B.C., for the 12 months of the year...
The price of a non-dividend paying stock is $$19$ and the price of a three-month European call option on the stock with a strike price of $$20$ is $$1.$ The risk-free rate is 4% per annum. What...
Kansas Company uses a standard cost accounting system. In 2014, the company produced 28,000 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a...
A spherical beach pebble is completely submerged under sea water of mass density (not weight density!) 1041 kg/m3. The water exerts an upward buoyant force of magnitude 181 N on the pebble. What is...
Luna Company is an IFRS reporter. Luna Company acquired 100% of the voting stock of the AutoMania Group on January 1 of the current year for a total acquisition cost of $251,000. The trial balance of...
If a company is operating at 60 percent of fixed asset capacity and current sales are $350,000, how fast can that company grow before any new fixed assets are needed?
A firm wishes to maintain a growth rate of 11.5 percent and a dividend payout ratio of 30 percent. The ratio of total assets to sales is constant at 0.60, and profit margin is 6.2 percent. If the...
Pruitt Motors, Inc., was formed on January 1, 2016. The following transactions occurred during 2016: On January 1, 2016, Pruitt issued its common stock for $440,000. Early in January, Pruitt made the...
The Heat Be Gone business sells one type of air conditioner and uses the perpetual inventory system. At the beginning of January, the business had a balance in its Cash account of $\$ 2100$ and an...
The Schulte Tape Business has a beginning inventory for May of $\$ 2500$ (250 tapes at $\$ 10$ each) and makes the following purchases and sales of tapes during May: Required: Calculate the cost...
The Brabham Kite Business had the following FIFO costs and replacement costs of kites for its ending inventory: Required: a Calculate the value of the ending inventory under the lower-of-cost-or-net...
Explain the importance of identifying risk factors and using them during the planning phase.
The Russell DVD business had 200 DVDs in its 1 April inventory. It uses the perpetual inventory system and made the following purchases and sales of DVDs during April and May: The FIFO and the LIFO...
Shown below are solvency ratios for three companies. Instructions For each of the following questions, choose the appropriate company and explain why you chose that company by referring to the ratios...
Apply Jacobis method to the given system. Take the zero vector as the initial approximation and work with four-significant-digit accuracy until two successive iterates agree within 0.001 in each...
Voting Rights When it comes to voting in elections, what are the differences between US political democracy and U.S. corporate democracy?
Corporate Ethics is it unfair or unethical for corporations to create classes of stock with unequal voting rights?
Voting Rights some companies, such as Readers Digest have created classes of stock with no voting rights at all why would investors buy such stock?
52. A disk of mass 2.0 kg and radius 60 cm with a small mass of 0.05 kg attached at the edge is rotating at 2.0 rev/s. The small mass, while attached to the disk, slides gradually to the center of...
Problem 04. A cylindrical tank of radius R is filled to a height h with an ideal fluid of density p. A drain valve at the bottom of the tank with a radius r is opened, calculate how long will it take...
At the beginning of the year, you purchased a share of stock for $55. Over the year the dividends paid on the stock were $2.50 per share. a. Calculate the return if the price of the stock at the end...

Elgin Brick Manufacturing sold $200,000 of red bricks in the last year. They were operating at 94

Question:

Step by Step Answer:

At full fixed asset capacity sales 200000094 21276...View the full answer

Fundamentals of Corporate Finance

Students also viewed these Business questions