Net Capital Spending Assignment | Homework For You |

Net Capital Spending Assignment | Homework For You |

If net fixed assets for 2016 was $14,000, what is the amount of the net capital spending for 2017?
Remember that we use gross fixed assets to calculate net capital spending

Cash                                                                      $423
Accounts Receivable                                            15% of Total Revenue
Accounts Payable                                                 20% of Cost of Goods Sold
Notes Payable                                                       $800
Inventory                                                              $2,900
Net Fixed Assets                                                   $14,800
Long-term Debt                                                    $3,500
Common Stock                                                     $10,000
Total Revenue                                                      $7,200
Cost of Goods Sold                                               50% of Total Revenue
Depreciation Expense                                           $1,200
Selling, General, & Administrative Expense       $1,000
Interest Expense                                                   10% of Long-term Debt
Income Taxes                                                       35% of Taxable Income. Get Finance homework help today
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Net Capital Spending Assignment | Homework For You |

 

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Net Capital Spending Assignment | Homework For You |

If net fixed assets for 2016 was $14,000, what is the amount of the net capital spending for 2017?
Remember that we use gross fixed assets to calculate net capital spending

Cash                                                                      $423
Accounts Receivable                                            15% of Total Revenue
Accounts Payable                                                 20% of Cost of Goods Sold
Notes Payable                                                       $800
Inventory                                                              $2,900
Net Fixed Assets                                                   $14,800
Long-term Debt                                                    $3,500
Common Stock                                                     $10,000
Total Revenue                                                      $7,200
Cost of Goods Sold                                               50% of Total Revenue
Depreciation Expense                                           $1,200
Selling, General, & Administrative Expense       $1,000
Interest Expense                                                   10% of Long-term Debt
Income Taxes                                                       35% of Taxable Income. Get Finance homework help today
TOP ACADEMIC WRITER
He has decades of experience in the education field and has served in the examination boards of some of the top Universities within & outside the United States America.

Related

Net Capital Spending Assignment | Homework For You |