Answer:
<h2>In this case,the answer would be option b) or They are considered as financial forecast.</h2>
Explanation:
- Any prospective financial statements is a highly important and confidential document for any legitimate business organization and should be prevented from being disclosed, especially to any external sources.
- Therefore, it s treated or considered as only a general financial document especially when dealing with any party or individual with whom the concerned company or organization is not directly dealing with.
- Hence, only an official financial reporting containing an overall financial forecast is sufficient for general use of the report with any related or unrelated party or individual.
Answer:
Explanation:
The file attached shows the full question
The picture attached shows the solution to the problem
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The alcoholic beverages in a private club are usually alcoholic.
Answer:
cash flow = - $780000
Explanation:
given data
2017 debt = $2.6 million
2018 debt = $3.75 million
interest expense = $370,000
to find out
What was the firm's cash flow to creditors
solution
first we get net new debt that is express as
Net new deb = 2018 debt - 2017 debt .....................1
Net new debt = $3.75 million - $2.6 million
Net new debt = $1.15 million
so
cash flow to creditors will be here as
cash flow = Interest expense - Net new debt .............2
cash flow = $370,000 - $1.15 million
cash flow = - $780000
