Net Capital Spending Assignment

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    Net Capital Spending Assignment

    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 Custom Essay Writing today.

    Net Capital Spending Assignment

    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 Custom Essay Writing today.