Seaweed Mfg

question 49

Multiple Choice

Seaweed Mfg. is currently operating at only 84 percent of fixed asset capacity. Current sales are $550,000. What is the maximum rate at which sales can grow before any new fixed assets are needed?

• A) 17.23 percent
• B) 17.47 percent
• C) 18.03 percent
• D) 18.87 percent
• E) 19.05 percent

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Definitions:

Personal Assets

Individual possessions or properties, including money, that belong to a person, not related to business assets.

Sole Proprietor

A type of business entity owned and operated by a single individual, where there is no legal distinction between the owner and the business.

Personal Fortune

A person's net worth comprised of assets, cash, and investments minus any liabilities.

Insurance

A contractual agreement where one party agrees to compensate another party for specific losses or damages in exchange for a premium.