Multiple Choice
Miller Bros.Hardware is operating at full capacity with a sales level of $689,700 and fixed assets of $468,000.The profit margin is 7 percent.What is the required addition to fixed assets if sales are to increase by 10 percent?
A) $3,276
B) $4,680
C) $28,400
D) $32,760
E) $46,800
Correct Answer:
Verified
Correct Answer:
Verified
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