The firms net capital spending

Assignment Help Business Economics
Reference no: EM131011274

The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,425,000, $145,000 in the common stock account and $2,700,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,630,000, $155,000 in the common stock account and $3,000,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $96,500 and the company paid out $150,000 in cash dividends during 2014. The firm’s net capital spending for 2014 was $1,010,000, and the firm reduced its net working capital investment by $130,000. (Enter your answer as directed, but do not round intermediate calculations.)

Reference no: EM131011274

Questions Cloud

Making regular annual payments : Allysha just borrowed 35,600 dollars. She plans to repay this loan by making a special payment of 5,500 dollars in 5 years and by making regular annual payments of 6,700 dollars per year until the loan is paid off. If the interest rate on the loan is..
Maldistribution between primary and specialty physician care : Submit a paper that explores the factors creating the imbalance/maldistribution between primary and specialty physician care. Be sure to include the following: Specific measures that have been employed to address the problems
What is the present value of the annual cash flow : An investment, which is worth 22,000 dollars and has an expected return of 15.75 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected in 1 year from today and the last annual cash flow..
The marketable securities are not cash equivalents : Prepare the supporting schedule that should accompany the statement of cash flows in order todisclose the non cash aspects of the company's investing and financing activities.
The firms net capital spending : The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,425,000, $145,000 in the common stock account and $2,700,000 in the additional paid-in surplus account. The firm’s net capital spending for 2014 was $1,010,000, and the..
Reber company had a cash balance per books of : On May 31, 2014, Reber Company had a cash balance per books of $7,167.50. The bank statement from New York State Bank on that date showed a balance of $6,790.60. A comparison of the statement with the cash account revealed the following facts. Prepar..
Find the average cost and the marginal average cost function : What is the marginal cost when x = 1000 and 2000? Find the average cost function C‾ and the marginal average cost function C‾'.
Determine the mass flow rate of air in the gas-turbine cycle : Assuming all the compression and expansion processes to be isentropic, determine (a) the mass flow rate of air in the gas-turbine cycle, (6) the rate of total heat input, and (0 the thermal efficiency of the combined cycle.
The present value of the annuity will be less : Suppose that you are promised $100 per year for the next ten years. Which of the following statements is CORRECT for any r > 0? a. The present value of the annuity will be greater than $1,000. b. The future value of the annuity at t = 10 will be less..

Reviews

Write a Review

Business Economics Questions & Answers

  Path through which contractionary monetary policy works

?Which of the following is the path through which contractionary monetary policy works?  ?Which of the following types of unemployment is considered to be the most controllable through demand-side macroeconomic policy?

  Substantive responses use theory

Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.

  Illustrate what is relation in marginal benefit and cost

Illustrate what level of control variable are net benefits maximized. Illustrate what is relation between marginal benefit and marginal cost at this level of control variable.

  Explain why do cattle ranchers slaughtering a large number

Explain why do cattle ranchers slaughtering a large number of newborn calves and burying them in mass graves rather than transporting them to markets.

  Optimal expenditure on the second

An individual purchases quantities a, b, and c of three different commodities whose prices are p, q, and r, respectively. The consumer spends m dollars, where m > 2p, and the utility function is given by. Show that the optimal expenditure on the seco..

  Explain how does this change alter the market rate

Elucidate the consumers opportunity set in a diagram. Explain how does this change alter the market rate of substitution between goods x and y.

  Expensive when exposures are measured on per person basis

Mass communication has many advantages and disadvantages. Which of the following is NOT a disadvantage? Very expensive when exposures are measured on a per person basis

  What is the economists case for free trade

Explain why globalization is good for the United States. What are the drawbacks of globalization for our economy? We run huge trade imbalances with two countries. Explain the cause of the imbalances. What is the economist's case for free trade?

  Affirmative action women extra consideration for top job

One solution to the problem of gender imbalances in top careers is affirmative action give women extra consideration for top jobs, or equivalently penalize men. Explain the efficiency argument for doing this.

  What effect will this have on its optimal price

Suppose a manufacturer estimates its marginal cost at $1.00 per pack, its own price elasticity at -2, and sets its price at $2.00. The company's settlement obligations are expected to raise its average total cost per pack by about $.60. What effec..

  We expect positive supply shock to do to the real wage

What would we expect a positive supply shock to do to the real wage? Employment? Explain. The rate of growth in Canada's real GDP is expected to be only 2% next year. What do you predict will happen to the unemployment rate? Explain.

  Which gamble would a risk-averse person most prefer

Which gamble would a risk-averse person most prefer? risk neutral-person? Risk-seeking person?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd