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blsea [12.9K]
3 years ago
9

Logano Driving School’s 2017 balance sheet showed net fixed assets of $4.6 million, and the 2018 balance sheet showed net fixed

assets of $5.2 million. The company’s 2018 income statement showed a depreciation expense of $330,000. What was net capital spending for 2018? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Business
1 answer:
r-ruslan [8.4K]3 years ago
8 0

Answer:

$270,000

Explanation:

Net capital spending = Increase in net fixed assets + Depreciation expenses

= [ Net fixed assets at year end - Net fixed assets at the beginning ] + Depreciation expenses

= [$5,200,000 - $4,600,000] + $330,000

= $600,000 - $330,000

= $270,000

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In the far off kingdom of Viracien there is a healthy sized population of citizens over 16 years old. The last census indicated
Anarel [89]

Answer:

6.5%

Explanation:

Number of people unemployed = 237,000

Labor force = 5 million - 1.3 million - 50,000

Labor force = 3.65 million

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Unemployment rate = 237,000/3.65 million*100

Unemployment rate = 6.4931501%

Unemployment rate = 6.5%

8 0
2 years ago
During 20X1, the Balboa Software Company incurred development costs of $2,000,000 related to a new software project. Of this amo
sergey [27]

Answer:

$400,000

Explanation:

Data provided in the question:  

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3 0
3 years ago
7. Problems and Applications Q7 Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule f
In-s [12.5K]

Answer:

4 houses per month.

Explanation:

Note: See the attached file for the calculation.

Efficient scale of production is can be described as the number of units of production where average total cost (ATC) of production is lowest.

From the attached file, the ATC of $70 is the lowest at 4 houses per month and 4 houses per month is therefore the efficient scale.

Download xlsx
4 0
2 years ago
Your project is split into two teams across two different continents. They understand the work to be completed, as well as commu
pentagon [3]

Answer:

Your project is split into two teams across two different continents. They understand the work to be completed, as well as communication processes. But they still often argue about how the work should be accomplished and who should make decisions. Given what you know, what is the most likely cause for these issues?

cultural differences

Explanation:

8 0
3 years ago
The type of vertical marketing system that achieves coordination at successive stages of production and distribution by the size
satela [25.4K]

Answer:

The correct options are the third and the last:

Option # 3. In a contractual vertical marketing system the firms at different levels of production and distribution work together to achieve greater economies or sales than they would on their own.

Option #5: In an interactive vertical marketing system (VMS) the main members of a distribution channel—producer, wholesaler, and retailer—work together as a unified group in order to meet consumer needs.

Explanation:

Option # 1: In a corporate vertical marketing system or VMS, one member of the distribution channel be it a producer, a wholesaler or a retailer owns all the other members of the channel, thereby having all the elements of production and distribution channel under a single ownership so this is not the correct option.

Option # 2: In an integrated vertical marketing system or fully integrated vertical marketing system only one player manages all the activities (production and distribution), without any assistance from other channel members. So this is not the correct option.

Option # 4: In an administered vertical marketing system or co-ordinated system of distribution channel organization, the flow of products from producer to end-user is controlled by the power and size of one member of the channel system rather than by common ownership or contractual ties. So this is not the correct option.

4 0
2 years ago
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