1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
I am Lyosha [343]
3 years ago
15

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2009 balance sheet showed l

ong-term debt of $4 million. The 2009 income statement showed an interest expense of $330,000. What was the firm's cash flow to creditors during 2009?
Business
1 answer:
Svet_ta [14]3 years ago
5 0

Answer:

net cash flow from creditors of $1.42 million

Explanation:

The movement in the long term debt account between 2008 and 2009 is as a result of the interest owed on the debt and the cash payment for the period.

Let the cash outflow to the creditor be H

$2.25 million + 0.33 million - H = $4 million

H = $2.25 million + 0.33 million - $4 million

H = ($1.42 million)

This means that the firm had a net cash flow from creditors of $1.42 million in 2019.

You might be interested in
Kela Corporation reports net income of $450,000 that includes depreciation expense of $70,000. Also, cash of $50,000 was borrowe
zhannawk [14.2K]

Answer:

$520,000

Explanation:

Kela corporation reports a net income of $450,000

The depreciation is $70,000

A cash of $50,000 was borrowed on a 5-year note payable

Therefore, the total cash inflows from operating activities can be calculated as follows

= Net income+depreciation

= $450,000+$70,000

= $520,000

Hence the total cash inflow from operating activities is $520,000

8 0
3 years ago
Each statement below is part of an economic model. Indicate whether the statement is a prediction of cause and effect or an assu
aivan3 [116]

Answer:

(a) Assumption

(b) Cause and Effect

(c) Cause and effect

(d) Assumption

Explanation:

(a)  People behave rationally: Assumption

Rational behavior refers to a decision-making process that is based on making assumptions that result in an optimal level of benefit or utility.

(b) Cause and Effect

If a price of goods falls that is a cause and the effect is that  people will consume more of the good.

(c) Cause and effect

As the population grows faster than food supply (cause), mass starvation is predicted to occur which is the resultant effect.

(d) Assumption

The maximization of profit is based on the assumption of theory of production and costs.

4 0
3 years ago
Read 2 more answers
In studies of seed production, why is it important to assign plots of land to either the control group or treatment group at ran
yulyashka [42]
The answer to this question is:  <span>d. it decreases the likelihood that plots that receive a particular treatment share other characteristics that might influence seed production
It is almost impossible to find out exact nutrition composition that exist within a soil. (which will play a huge factor in seed productin). So, to make the data more reliable, it is important to randomly assign plots of land as either the control group or the group that receive special treatment and grow the seed separately.</span>
7 0
3 years ago
A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income Stat
vfiekz [6]

Answer:

See explanation section

Explanation:

See image below to get the possible answer:

3 0
3 years ago
Brian and Debbie must prepare a presentation for their Statistics class. As part of their presentation, they must do a series of
andrey2020 [161]

Answer:

a. How much time would it take the two to complete the project if they divide the calculations equally and the slides equally? Briefly discuss.

Brian: 5 hours for PowerPoint and 5 hours for the calculations, total 10 hours.

Debbie: 10 hours for PowerPoint and 6 hours for the calculations, total 16 hours.

In total they would spend 26 hours combined.

If they divide the work equally, they will spend too much time.

b. How much time would it take the two to complete the project if they use comparative advantage and specialize in calculating or preparing slides? Briefly discuss

Brian will spend 10 hours doing PowerPoint slides and Debbie will spend 12 hours doping calculations. Total time spent 22 hours. By specializing they will save 4 hours.

c. If Brian and Debbie have the same opportunity cost of $5 per hour, is there a better solution than for each to specialize in calculating or preparing slides? Briefly discuss

Yes, Debbie could pay $50 to Brian so that he does everything in 20 hours. That way they can save 2 more hours.

6 0
2 years ago
Other questions:
  • How might differences in the extent to which countries apply the accounting concept of conservatism (some countries are more con
    8·1 answer
  • Total interest paid on a 30-year straight note was $230,000 during the term of the loan. The annual interest rate was 6.6%. What
    5·1 answer
  • Wind damage occurs to your car costing $800 to repair. If you have a $500 deductible for collision and full coverage for compreh
    5·2 answers
  • Max purchased an antique watch from a local store for $500. As soon as Max stepped outside the shop with the watch, a man approa
    6·1 answer
  • In Mordica Company, total material costs are $36,000, and total conversion costs are $57,500. Equivalent units of production are
    5·1 answer
  • In one month, mikhail's furnishings can make 160 carpets or 160 quilts, while dominique's parlor can make 120 carpets or 200 qui
    6·1 answer
  • An agent must disclose an agency relationship: a. Within 5 days of obtaining a listing. B. Within 5 days of procuring a buyer. C
    12·1 answer
  • Kelly Company sells its only product for $250 per unit. It has variable costs of $90 per unit. Annual fixed operating costs amou
    12·1 answer
  • Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5. 2%
    10·1 answer
  • A well-designed product transcends cultural barriers. It does not need to be changed to suit different countries or cultures. Tr
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!