Todd's Tuxedos began the year with net fixed assets of $464 and ended with net fixed...
|
Todd's Tuxedos began the year with net fixed assets of $464 and ended with net fixed assets of $536. The firm also sold $312 in assets during the year. Depreciation was $28 and interest expenses were $20. What is the firm's net capital spending for the year? |
Homework Answers
Given,
Beginning net fixed assets:$464
Ending net fixed assets:$536
Assets sold :$312
Depreciation:$28
Interest expense:$20
Calaculation of firm's net capital spending for the year
It was known that,
Ending Net fixed assets
= Beginning Net fixed assets + Firms net capital spending +
capitalized interest expense - Depreciation expense - Assets
sold
This implies,
Firms Net capital spending
= Ending net fixed assets + Assets sold + depreciation expense -
capitalized interest - beginning fixed assets.
= $536 + $312 + $28 - $20 - $464
= $876 - 484
= $392
Therefore,
Firms net capital spending is $392
-----------*----------
DO VOTE,ALL THE BEST
Add Answer to:
Todd's Tuxedos began the year with net fixed assets of $464 and
ended with net fixed...
Meridian Distributions had beginning net fixed assets of $8,194 and ending net fixed assets of $9,273....
Meridian Distributions had beginning net fixed assets of $8,194 and ending net fixed assets of $9,273. Assets valued at $386 were sold during the year. Depreciation was $429. What is the amount of net capital spending? $1,508 $1,536 $1,472 $1,581 $1,443
Charter Communications had beginning net fixed assets of $7,420 and ending net fixed assets of $8,316....
Charter Communications had beginning net fixed assets of $7,420 and ending net fixed assets of $8,316. Assets valued at $298 were sold during the year. Depreciation was $388. What is the amount of net capital spending? $1,190 $1,245 $1,284 $1,326 $1,362
ACME Company had beginning net fixed assets of $258,000 and ending net fixed assets of $341,000....
ACME Company had beginning net fixed assets of $258,000 and ending net fixed assets of $341,000. Assets valued at $27,000 were sold during the year. Depreciation was $24,000. What is the amount of net capital spending? $107,000 $112,000 $117,000 $92,000 $97,000
Stuck please help ε Teddy's Pillows had beginning net fixed assets of $460 and ending net...
Stuck please help
ε Teddy's Pillows had beginning net fixed assets of $460 and ending net fixed assets of $528. Assets valued at $308 were sold during the year. Depreciation was $20. What is the amount of net capital spending? Multiple Choice Ο $88 Ο $68 Ο $396 Ο $240 Ο $48
Webster's has beginning net fixed assets of $684,218, ending net fixed assets of $679,426, and depreciation...
Webster's has beginning net fixed assets of $684,218, ending net fixed assets of $679,426, and depreciation expense of $48,859. What is the net capital spending for the year if the tax rate is 25 percent? $53,651 $48,600 $42.920 $35.255 $44,067
What if assets equal $6,900? b. 18. Net Income and OCF During the year, Belyk Paving...
What if assets equal $6,900? b. 18. Net Income and OCF During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,285,000, $535,000, and $420,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provision and assume interest expense is fully deductible.) What is the company's net income? LO 2 a. b. What is...
1. A firm has beginning net fixed assets of $168,000 and ending net fixed assets of...
1. A firm has beginning net fixed assets of $168,000 and ending net fixed assets of $141,300. Depreciation was $21,000. What is the amount of capital spending? A. $2,500 B. $5,700 C. $47,700 D, $26,700 2. You have been given the following information about Pho Lucky Inc.: Last year, the company had common stock of $325,568 and long-term debt of $78,445. During the year Pho Lucky had net income of $248,462 and paid dividends of $219,651. This year-end common stock...
Micro, Inc., started the year with net fixed assets of $76,300. At the end of the year, there was $98,100 in the same ac...
Micro, Inc., started the year with net fixed assets of $76,300. At the end of the year, there was $98,100 in the same account, and the company's income statement showed depreciation expense of $14,030 for the year. What was the company's net capital spending for the year?
Micro, Inc., started the year with net fixed assets of $73,800. At the end of the...
Micro, Inc., started the year with net fixed assets of $73,800. At the end of the year, there was $94,600 in the same account, and the company's income statement showed depreciation expense of $12,130 for the year. What was the company's net capital spending for the year? Multiple Choice Ο 532,930 Ο $38, 415 Ο $82,470 Ο $40,825 Ο $20,800
the net fixed assets for the year 2016 is? the net fixed assets for year 2017...
the net fixed assets for the year 2016 is?
the net fixed assets for year 2017 is?
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 W (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes...
Stuck please help
ε Teddy's Pillows had beginning net fixed assets of $460 and ending net fixed assets of $528. Assets valued at $308 were sold during the year. Depreciation was $20. What is the amount of net capital spending? Multiple Choice Ο $88 Ο $68 Ο $396 Ο $240 Ο $48
Webster's has beginning net fixed assets of $684,218, ending net fixed assets of $679,426, and depreciation expense of $48,859. What is the net capital spending for the year if the tax rate is 25 percent? $53,651 $48,600 $42.920 $35.255 $44,067
What if assets equal $6,900? b. 18. Net Income and OCF During the year, Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,285,000, $535,000, and $420,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provision and assume interest expense is fully deductible.) What is the company's net income? LO 2 a. b. What is...
Micro, Inc., started the year with net fixed assets of $73,800. At the end of the year, there was $94,600 in the same account, and the company's income statement showed depreciation expense of $12,130 for the year. What was the company's net capital spending for the year? Multiple Choice Ο 532,930 Ο $38, 415 Ο $82,470 Ο $40,825 Ο $20,800
the net fixed assets for the year 2016 is?
the net fixed assets for year 2017 is?
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 W (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago