Answer: Company's net capital spending for 2016 = $702,000
Explanation:
Given that,
On December 31, 2015:
Net fixed assets = $1,780,000
On December 31, 2016:
Net fixed assets = $2,150,000
Depreciation expense = $332,000
Therefore,
Company's net capital spending for 2016:
= Ending net assets + Depreciation expense - Beginning net assets
= $2,150,000 + $332,000 - $1,780,000
= $702,000
Answer:
The interest accrued is $2,500.
Explanation:
The income accrued will arise after the date of purchase (May 1) of the bonds to the ending date of the accounting period (December 31). This duration is equal to 8 months.`
For the first four months (May 1 to September 1) the income accrued will be the income received semiannually for these four month:
Income Accrued = $60,000 * 6/12 * 5% = $1,500 Because the payment that will be received will be $1000 which belongs to 6 months starting from March 1 and ending at September 1.
And for the remainder 4 months (September 1 to December 31)
Income Accrued = $60,000 * 4/12 * 5% = $1,000
So the total income accrued for the year will be $2,500
Answer:
Accounts payable would be 20.42% of the balance sheet , when preparing a vertical analysis.
Explanation:
In the question it is told that Ginger bread is doing a vertical analysis, where when we have to calculate the percentage of certain item of the balance sheet , we will use formula -
( Balance sheet item / Total liability ) x 100
Given information - Accounts payable = $245,000
Total liabilities = $1200,000
Putting these values in formula -
= $245,000 / $1200,000 X 100
= .20416 X 100
= 20.416
= 20.42% ( APPROXIMATELY )
Answer:
The correct answer is letter "B": Customer relationship management.
Explanation:
Customer Relationship Management or CRM is a term of the Information Technology (IT) industry that applies to methodologies, software, and in general, to the capabilities of the internet that help companies to manage customer relationships in an organized manner by storing some of their information useful for future business.
