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rodikova [14]
3 years ago
6

Logano Driving School’s 2017 balance sheet showed net fixed assets of $2.4 million, and the 2018 balance sheet showed net fixed

assets of $3.3 million. The company’s 2018 income statement showed a depreciation expense of $319,000. What was net capital spending for 2018? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.
Business
1 answer:
mamaluj [8]3 years ago
8 0

Answer:

The answer is: $1,219,000

Explanation:

The formula used to calculate Logano Driving School's net capital spending for the year is:

net fixed assets 2018 - net fixed assets 2017 + depreciation expense 2018

net capital spending = $3,300,000 - $2,400,000 + $319,000

net capital spending = $1,219,000

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Atlanta Company Spokane Company
liraira [26]

Answer:

C) Atlanta Company

Explanation:

Let's bear in mind that equity is an advantage that allows your company to buy and sell more.

So more equity means more ability to buy and sell and less the possibility of going bankrupt.

Liability on the other hand also gives advantage in trade r company , so more liability shows strongness of the company.

Now let's compare the equity and liability of the both companies

Atlanta Company

Total liabilities $ 429,000

Total equity 572,000

Spokane Company

Total liabilities $ 549,000

Total equity 1,830,000

The equity ratio is about 1:3

While liability is about 1:1.2

So Atlanta company has more riskier structure

5 0
3 years ago
Use the drop-down menu to complete each statement. based on the information in the passage, it is most likely that joe lives in
Ann [662]

Based on the given information, Joe lives in the mixed economy, and he is interested in purchasing the private building.

<h3 /><h3>What is mixed economy?</h3>

A mixed economy is the system that combines the system of both the economy, means the combination of capitalism and socialism, is called the mixed economy.

This system defends <u>private property </u>and allows a degree of  freedom in economy in the use of capital.

But it also permits for governments to interpose in economic activities in order to accomplish social intents.

Therefore, in the above case, Joe lives in the mixed economy, and purchasing the private property.

To learn more about the mixed economy, refer to:

brainly.com/question/2343400

3 0
2 years ago
Which of the following is an example of the ethical issue of gift-giving in the
navik [9.2K]

Answer:

Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...

Transmission of Diseases. ...

Relationships. ...

End-of-Life Issues

etc.

4 0
3 years ago
Which of the following would not be considered an analytical procedure? Projecting a deviation rate by comparing the results of
mylen [45]

Answer:

Projecting a deviation rate by comparing the results of a statistical sample with the actual population characteristics is the correct answer.

Explanation:

8 0
3 years ago
If actions of the chinese government caused a shortage of domestic currency, then the exchange rate would be
irinina [24]

this will reduce the supply of china's domestic currency which would <u>contract the supply curve of the domestic currency (of china)</u> thus would <u>create demand</u> and thus <u>increasing the exchange rate in comparison to foreign currencies</u> thus leading to <u>appreciation of china's domestic currency in relation to foreign currencies.</u>

4 0
3 years ago
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