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Doss [256]
3 years ago
8

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:
Ray Of Light [21]3 years ago
8 0

Answer:

The answer is: $1,219,000

Explanation:

Net capital spending (NCS): is the amount of money a company invests in acquiring new fixed assets.

We use the following formula:

Net Capital Spending = ending fixed assets – beginning fixed assets + depreciation

NCS = $3,300,000 - $2,400,000 + $319,000 = $1,219,000

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How do you think the benefits will help the firm before they<br> engage in I.M?
GaryK [48]

An information memorandum is very vital for a business because its gives the potential buyers an impression of your business before they meet physically or online with the company.

<h3>What is an information memorandum?</h3>

Let understand that the I.M. refers to an information memorandum.

An information memorandum refers to sales memorandum which is document produced prior to selling the business or opening of pitch to any prospective buyers.

In conclusion, an information memorandum is very vital for a business because its gives the potential buyers an impression of your business before they meet physically or online with the company.

Read more about information memorandum

<em>brainly.com/question/3352783</em>

4 0
3 years ago
Judy served as director of marketing for a Florida homebuilder. She was terminated within an initial 90-day assessment review pe
algol13

Answer and Explanation:

a.

According to the United States law that governs whistle blower protection, the whistle blowers could be protected from expected retaliation that can be from a team or an individual for company violation in terms of laws, rules, etc

Also it protects the permanent employees and the workers who work on temporary basis that report the major mistakes

So here the Judy would be eligible for the whistleblower protection

b.

The factors that need to be considered are as follows;

1. The actions that breaks the rules of the company

2. The reason of firing Jude after getting the offer of new employment

3. The action i.e. subduing due to which Jude become speechless in the exit interview

Only these three factors are need to be considered

6 0
3 years ago
Consistency, simplicity, the risk-return relationship, investment objectives, diversification are the five basic investment cons
polet [3.4K]

Answer:

True

Explanation:

Investment considerations have five basic things. They are:

1. Consistency: Without consistency, an investment cannot be successful.

2. Simplicity: Simple investment can make a better future.

3. The risk-return relationship: It will help to understand which investment is beneficial for the investor.

4. Investment objectives: Without setting objectives, an investment can not grow.

5. Diversification: Diversified investments reduce risk.

7 0
3 years ago
When quantity demanded is completely unresponsive to​ price, what is the value of price elasticity of​ demand?
skad [1K]

Answer:

PeD = 0

Explanation:

Price elasticity of demand is the responsiveness of quantity demanded when there is a change in price. An elastic demand means that when price changes the quantity demanded changes by more than the proportionate change in price. measured as

Ped = % change in Quantity demanded / % Change in Price

An elasticity value of between 0 and 1 is regarded as inelastic demand as quantity changes by less than the proportionate change in price.

Value of 1 is considered unitary elastic as an equal proportionate change occurs.

Greater than 1 is elastic demand where the change is more than proportionate.

When there is absolutely no change the demand is perfectly inelastic and the demand curve is vertical. This yields a value of 0 as there is no observed change in quantity demanded given a change in price.

Hope that helps.

6 0
3 years ago
Which of the following statements about investing is TRUE?
Bad White [126]

Answer:

3. Investing is riskier than putting money in a savings accounts.

Explanation:

Investing involves putting money in profits generating ventures. It is risky because the money invested may be lost should the venture make losses instead of profits. Investments activities include buying of shares and other marketable securities or starting and operating a business. Should the business or investment do well, the returns or profits can be attractive.

Saving is putting money aside for future consumption. Saving may be done through savings accounts that as safe and secure. Money saved is risk-free. The possibility of losing it is very minimal. Because money saved is kept safe, it does not generate much income for the owner.

3 0
3 years ago
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