1. Hamilton Language School’s 2011 statement of financial position showed net fixed assets of $3.4 million and the 2012 statement of financial position showed net fixed assets of $4.2 million. The company’s 2012 statement of comprehensive income showed a depreciation expense of $385,000. What was net capital spending in 2012? 2. Given the following information for Diane’s Pizza Co., calculate the depreciation expense: sale = $41,000, costs = $19,500, addition to retained earnings = $5,100, dividends paid = $1,500, interest expense = $4,500, tax rate = 35%.
1. Hamilton Language School’s 2011 statement of financial position showed net fixed assets of $3.4 million and the 2012 statement of financial position showed net fixed assets of $4.2 million. The company’s 2012 statement of comprehensive income showed a depreciation expense of $385,000. What was net capital spending in 2012? 2. Given the following information for Diane’s Pizza Co., calculate the depreciation expense: sale = $41,000, costs = $19,500, addition to retained earnings = $5,100, dividends paid = $1,500, interest expense = $4,500, tax rate = 35%.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1. Hamilton Language School’s 2011
and the 2012 statement of financial position showed net fixed assets of $4.2 million. The company’s 2012
statement of comprehensive income showed a
spending in 2012?
2. Given the following information for Diane’s Pizza Co., calculate the depreciation expense: sale = $41,000,
costs = $19,500, addition to
$4,500, tax rate = 35%.
3.
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