What is the amount of net capital spending

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Reference no: EM131853666

1. Central Storage had beginning net fixed assets of $8,400,000 and ending net fixed assets of $7,982,000. Assets valued at $650,000 were sold during the year. Depreciation was $560,000. What is the amount of net capital spending?

$1,320,000

$978,000

$418,000

$182,000

$142,000

2. Top Shoppe has total sales of $75,000, costs are $61,000, and depreciation is $3,750. The tax rate is 34 percent. The interest expense is $270. What is the operating cash flow?

$8,980.40

$10,606.80

$9,465.18

$11,200.20

$9,756.70

Reference no: EM131853666

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