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Amiraneli [1.4K]
1 year ago
14

Micro, Inc., started the year with net fixed assets of $75,675. At the end of the year, there was $97,225 in the same account, a

nd the company's income statement showed depreciation expense of $13,555 for the year. What was the company's net capital spending for the year
Business
1 answer:
BabaBlast [244]1 year ago
3 0

Answer:

the net capital spending for the year is $35,105

Explanation:

The computation of the net capital spending for the year is given below:

Closing Balance $97,225

Add: Depreciation $13,555

Less: Opening Balance -$75,675

Assets Purchased $35,105

Hence the net capital spending for the year is $35,105

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The manager of the marketing team has thoughtfully selected team members with their strengths in mind to play roles based on the
hodyreva [135]

Answer:

The correct option is advisor.

Explanation:

In business, advisors can be described as persons who evaluate circumstances and suggest options as what could be done during different circumstances. These options are suggested for the benefit of the company and to lead it towards success. An advisor usually evaluates the business plan for a company.

In the above-mentioned scenario, Andy is entitled to evaluate particular situations and provide better options, hence she is playing the role of an advisor.

3 0
1 year ago
Read 2 more answers
Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2021 and 2020 contained errors as follows: 2
lubasha [3.4K]

Answer:

$3,000 understated

Explanation:

The computation of the working capital in case of no correcting entries made is shown below:

= Depreciation Expense for 2020 - depreciation expense for year 2021 - ending inventory for 2021

= $18,000 - $6,000 - $9,000

= $3,000 understated

While there is no additional errors occurred and no correcting entries passed so in this the $3,000 is understated by above calculation

6 0
1 year ago
Armstrong Corporation manufactures bicycle parts. The company currently has a $19,800 inventory of parts that have become obsole
FinnZ [79.3K]

Answer:

If sold without Modification, Armstrong Corporation will incur a loss of $12,500.

If the Corporation modifies the Stock and then Sell it, its loss will be $9,200.

Explanation:

<u>Workings</u>

Without Modification:

Selling Price                   = 7,300

Less: Cost of Inventory = 19,800

Loss                                = $12,500.

Modification:

Selling Price                   = 20,900

Less: Cost of Inventory = 19,800

        Modification Cost = 10,300

Loss                                = $9,200.

If you have any queries, feel free to ask. Thanks!

4 0
1 year ago
alex buys 30 shares of walmart at the close price of 48.80. his broker charges him 3% of each share as a transaction fee. how mu
konstantin123 [22]
Thank you for posting your question her at brainly. Below is the solution I hope the answer will help you. 

<span>Price of each share = $48.80
Broker fee per share = 48.80 * 0.03 = 1.4540
</span>
$48.80 + 1.4540 = 50.2640
50.2640 x 30 = 1,507.92
6 0
1 year ago
Read 2 more answers
U.S.-based companies should turn to the _____ for the most comprehensive source of export information.
Juliette [100K]

Answer:

Department of commerce

Explanation:

U.S.-based companies should turn to the department of commerce for the most comprehensive source of export information.

The department of commerce is a section in the United States government. It creates jobs through good and favorable international trade terms, sustainable development and through access to high technology.

It provides companies with trade informations of which exports is one.

6 0
1 year ago
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