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zepelin [54]
3 years ago
12

Rotweiler Obedience School's December 31, 2007, Balance Sheet showed Net Fixed Assets of $1.875 million, and the December 31, 20

08, Balance Sheet showed Net Fixed Assets of $2.12 million. The company's 2008 Income Statement showed a Depreciation Expense of $220,000. What was Rottweiler's Net Capital Spending for 2008?
Business
1 answer:
PtichkaEL [24]3 years ago
3 0

Answer:

Rottweiler's Net Capital Spending for 2008: $0,465 million.

Explanation:

December 31, 2007 Net Fixed Assets of $1.875

Dureing 2008 Depreciation Expense of -$0,220

December 31, 2008 Net Fixed Assets of $1.655

Net Capital Spending for 2008                 $0,465 .

December 31, 2008 Net Fixed Assets of $2.120

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Mike to sell the shares of the two stocks to purchase stock in other companies.Two years later, Mike owns stock in 14 different
Trava [24]

Answer:

the broker may have leaned towards the technological stocks because of their current popularity. while he did not do what he was asked or get permission first. he could always invest in whats the most current.

Explanation:

3 0
3 years ago
Which of the following correctly orders the investments from LOWER risk to HIGHER risk? ATreasury bond − Stock − Diversified mut
irakobra [83]
The correct answer is letter D: Diversified mutual fund - Treasury bond - stock. 

These orders of investments ensure a systematic low to high risk possibilities. A company needs to look into possible options where it can invest its assets in the form of a diversified mutual fund. Upon doing this, securing a bond from the state is wise investment in case loans are too high or the company comes to debts. The last risk would be engaging in stocks or the deliberation of this to several company owners. 
3 0
3 years ago
Following her 18th birthday, Madison began investing $24 at the end of each week in an account earning 7% per year compounded we
Deffense [45]

Answer:

The answer is $26.80.

Explanation:

*Some inputs for the calculation as below:

One year period has 52 weeks

=> At the time she turns 68, she will have: (68-18) x 52 = 2,600 equal weekly cash flows; At the time she turns 47, she will have: (47-18) x 52 = 1,508 equal weekly cash flows.

* Present value of the investment plan lasting until she turns 68:

[ 24 / (7%:52) ] x [ 1 - (1+ (7%/52)^(-2,600) ] = $17,289.

* To have the same retirement nest egg at age 68, the present value of the investment plan lasting until she turns 47 should be equal to $17,289. Denote x is the weekly investment under the shorter investment scenario, we have:

[x / (7%:52) ] x [ 1 - (1+ (7%/52)^(-1,508) ] = $17,289 <=> x = $26.80.

4 0
3 years ago
Under a flexible exchange rate system a decline in the value of a currency relative to other currencies is a called a(n) _______
ohaa [14]

Answer:

Depreciation:devaluation.

Explanation:

Under a flexible exchange rate system a decline in the value of a currency relative to other currencies is a called a depreciation. This could be as a result of factors such as government monetary policies, varying interest rates, aversion of risks by investors, inflation etc.

On the other hand, under a fixed exchange rate system a decrease in the official value of a currency is called a devaluation. This is mainly due to the government monetary policy, so as to shore up the export of a country and to improve foreign trade.

8 0
4 years ago
John has an auto which is covered for collision losses subject to a $250 deductible. Kate's auto also has collision coverage but
Svetllana [295]

Answer: D. Kate's policy will pay $1,500, and John's policy will pay $250.

Explanation:

The deductible is the amount that a policy holder has to pay before the insurance company pays the remaining amount.

From the question, we are informed that John has an auto which is covered for collision losses subject to a $250 deductible while Kate's auto also has collision coverage but her deductible is $500.

If a $2,000 collision loss occurs when John borrows Kate's car because his car is in the shop for repairs, since John has a deductible of $500, Kates policy will pay ($2000 - $500) = $1500 and John's policy will pay $250.

5 0
4 years ago
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