Net Capital Spending Assignment

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    Net Capital Spending Assignment

    If net fixed assets for 2016 was $14,000, what is the amount of the net capital spending for 2017? Remember that we use gross fixed assets to calculate net capital spending Cash                                                                      $423 Accounts Receivable                                            15% of Total Revenue Accounts Payable                                                 20% of Cost of Goods Sold Notes Payable                                                       $800 Inventory                                                              $2,900 Net Fixed Assets                                                   $14,800 Long-term Debt                                                    $3,500 Common Stock                                                     $10,000 Total Revenue                                                      $7,200 Cost of Goods Sold                                               50% of Total Revenue Depreciation Expense                                           $1,200 Selling, General, & Administrative Expense       $1,000 Interest Expense                                                   10% of Long-term Debt Income Taxes                                                       35% of Taxable Income. Get Finance homework help today

    1. If net fixed assets for 2016 was $14,000, what is the amount of the net capital spending for 2017?
      1. Remember that we use gross fixed assets to calculate net capital spending

    Cash                                                                      $423

    Accounts Receivable                                            15% of Total Revenue

    Accounts Payable                                                 20% of Cost of Goods Sold

    Notes Payable                                                       $800

    Inventory                                                              $2,900

    Net Fixed Assets                                                   $14,800

    Long-term Debt                                                    $3,500

    Common Stock                                                     $10,000

    Total Revenue                                                      $7,200

    Cost of Goods Sold                                               50% of Total Revenue

    Depreciation Expense                                           $1,200

    Selling, General, & Administrative Expense       $1,000

    Interest Expense                                                   10% of Long-term Debt

    Income Taxes                                                       35% of Taxable Income. Get Finance homework help today