What is the amount of the net capital spending for year

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1. Jaffa Sales has total owner's equity of $14,300. The firm has current assets of $3,800, current liabilities of $1,000, and total assets of $21,000. What is the value of the long-term debt if the current trademarks of the firm are valued at $4,600?

2. Brematac, Inc. has financial statements that reflect depreciation expenses of $41,100 and interest expenses of $32,600 for the year. The current assets increased by $12,600 and the net fixed assets decreased by $26,800. What is the amount of the net capital spending for the year?

3. Sha're Inc. has current liabilities of $11,000. The firm has total assets of $41,400 and net fixed assets of $21,400. What is the amount of the net working capital?

4. The Anubis Shoppe has net working capital of $6,300. The current portion of the long-term debt is valued at $2,600. Anubis also has a long-term debt of $11,500, and owners' equity of $21,900. What is the value of The Anubis Shoppe's net fixed assets?

5. Baal Enterprises currently has $600 in cash. Customers owe Baal's $2,800. The inventory has a book value of $4,500 and an estimated market value of $4,400. If Baal's compiled a financial statement today, how much would it show as the value of the current assets?

6. Jolinar and Sons had $27,000 in net fixed assets at the beginning of the year. During the year, the company purchased $6,700 in new equipment. It also sold, at a price of $1,700, some old equipment with a book value of $720. The depreciation expense for the year was $5,600. What is the net fixed asset balance at the end of the year?

Reference no: EM131820208

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