Dixon's Drones has beginning net fixed assets of $610 and ending net fixed assets of $725. Assets valued at $295 were sold during the year. Depreciation was $75. What is the amount of capital spending? A. $95 B. $485 C. $310 D. $560 E. $385
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- I want to this question answer general AccountingPlease help me with show all calculation thankuThis year, Industrial Consolidated reported depreciation expense of $85,000 on its income statement while reporting Net Fixed Assets of $1,200,000 on its balance sheet. Last year, it reported depreciation expense of $110,000 and net fixed assets of $1,350,000. What was Net Capital Spending this year? Question 6 options: ($40,000) $70,000 $45,000 $260,000 ($65,000)
- The internal rate of return method is used by Royston Construction Co. in analyzing a capital expenditure proposal that involves an investment of $58,416 and annual net cash flows of $12,000 for each of the 7 years of its useful life. Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 a. Determine a present value factor for an annuity of $1, which can be used in determining the internal rate of return. If required, round your answer to three decimal places.fill in the blank 1 of 1 b. Using the factor determined in part (a) and the present value of an annuity of $1 table above, determine the internal rate of return for the proposal.fill in the blank 1 of 1 %…To calculate the change in Net Working Capital (NWC) during FY24, we first need to find the NWC for both FY23 and FY24 using the formula: NWC=Current Assets−Current Liabilities Step 1: Calculate NWC for FY23 Current Assets (FY23): Cash: 211,000,000 Accounts Receivable: 508,000,000 Inventory: 41,000,000 Total Current Assets (FY23): 760,000,000 Current Liabilities (FY23): Accounts Payable: 622,000,000 Notes Payable: 377,000,000 Total Current Liabilities (FY23): 999,000,000 NWC (FY23)=760,000,000−999,000,000=−239,000,000 Step 2: Calculate NWC for FY24 Current Assets (FY24): Cash: 329,800,000 Accounts Receivable: 626,800,000 Inventory: 100,400,000 Total Current Assets (FY24): 1,057,000,000 Current Liabilities (FY24): Accounts Payable: 531,000,000 Notes Payable: 442,000,000 Total Current Liabilities (FY24): 973,000,000NWC (FY24)=1,057,000,000−973,000,000=84,000,000 Step 3: Calculate the Change in NWC during FY24 Change in NWC=NWC (FY24)−NWC…Alpine Motors reported: • EBITDA = $10 million Net income = $3 million . Interest expense = $1.5 million Tax rate = 30% What is depreciation and amortization?
