1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
777dan777 [17]
3 years ago
10

Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $4 million, and the 2009 balance sheet showed net fixed

assets of $6.2 million. The company's 2009 income statement showed a depreciation expense of $785,000. What was net capital spending for 2009?
Business
1 answer:
harkovskaia [24]3 years ago
4 0

Answer:

Net capital spending = $2,985,000

Explanation:

There are two financial years in consideration

They are 2008 and 2009

Closing values of 2008 = Opening values of 2009

Now, closing value of net assets at 2008 = $4 million

Closing value of net assets for 2009 = $6.2 million

Net capital spending = Gross fixed assets at year end - Opening fixed assets

Gross fixed assets = Net Value + Depreciation

= $6.2 million + $785,000

= $6,985,000

Thus, Net capital spending in 2009 = $6,985,000 - $4,000,000

= $2,985,000

You might be interested in
What do individual shareholders gain when they buy shares of a company’s stock?
Sholpan [36]
A partial ownership in the corporation.
3 0
3 years ago
In the United States many farms are integrated into a large food-production industry. This is known as:
Zielflug [23.3K]
Agribusiness, i believe is your answer

hope this helps :)
8 0
3 years ago
Read 2 more answers
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified
daser333 [38]

The answer is:<span>
"Trial Balance"

The full sentence will be as follow:
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a trial balance.
Trial Balance means a statement with all the debits and credits in an account book along with the mention of any difference showing a mistake.</span>

7 0
3 years ago
Tyler has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He does
svp [43]

Answer:

business partner

Explanation:

Business partner -

It refers to the authority in the business , which has the right to take decisions for the project of the business , is referred to as business partner .

The relation between the two or more people i.e. , the business partners can be on the contract basis or exclusive in nature .

Hence , from the given scenario of the question ,

Tyler need a buisness partner for his business .

8 0
3 years ago
An increase in the real money supply can result from ________.
slava [35]

Answer:

A change in the real money supply can result either from change in the nominal money supply through Federal Reserve policy ( holding the price level constant) or from a change in the price level( holding the nominal money supply constant).The change in the nominal money supply causes a shift of the aggregate demand curve, whereas a change in the price level causes a movement along the aggregate demand curve.

Explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • Carpino Company purchased equipment and these costs were incurred: Cash price $75,000 Sales taxes 3,500 Insurance during transit
    12·1 answer
  • The cross price elasticity for coffee for a change in the price of tea is likely to be __________.
    12·1 answer
  • The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Orange Company as
    5·1 answer
  • Pauline Davis’s charge account statement shows an unpaid balance of $225. The monthly finance is 1.25% of an unpaid balance. Wha
    15·1 answer
  • Smart Touch Learning normally performs​ e-learning services for​ $500. However, Smart Touch Learning performed services for a cl
    7·1 answer
  • A company introduces a new product in the market. The company decides that the only way it could attract customers is to keep th
    12·2 answers
  • Yale Company purchased equipment having an invoice price of $21,500. The terms of sale were 2/10, n/30, and Yale paid within the
    11·1 answer
  • Determining PB Ratio for Companies with Different Returns Assume that the present value of expected ROPI follows a perpetuity wi
    5·1 answer
  • If Baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be:_______
    10·1 answer
  • Curly Fries Inc. grants its agent Dian an exclusive territory in which to sell its products. The company cannot compete with Dia
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!