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iVinArrow [24]
3 years ago
9

At the beginning of the year, long-term debt of a firm is $308 and total debt is $339. At the end of the year, long-term debt is

$269 and total debt is $349. The interest paid is $35. What is the amount of the cash flow to creditors
Business
1 answer:
Gnoma [55]3 years ago
4 0

Answer:

The amount of the cash flow to creditors is $74

Explanation:

Beginning of the year:

Long-term debt = $308

Total debt = $339

At the end of the year:

Long-term debt = $269

Total debt = $349.

Interest = $35

Net new borrowing = Ending Long-term debt - Beginning Long-term debt

= $269 - $308

= ($39)

Cash flow to creditors = Interest paid - Net new borrowing

= $35 - ($39) = $ 74

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The correct option is b.

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What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 by t
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Answer:

Amount to be paid annually by Ned Winslow = $8461.35

Explanation:

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3 years ago
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Answer: Option (A)

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3 years ago
Susan wanted to give a diamond pendant to Lucy, her daughter. Susan entered into a contract with Andrew, a dealer who specialize
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Answer: Lucy can sue Andrew as she is a donee beneficiary of the contract

Explanation:

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3 years ago
Assume Bank XYZ has 3 assets and 4 liabilities, with the following information: Assets Liabilities yield dollar value cost dolla
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Answer:

The answer is "$500".

Explanation:

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= \$( 5\% \times 1000+10\% \times 4000+20\% \times  2000)\\\\= \$( \frac{5}{100} \times 1000+ \frac{10}{100} \times 4000+ \frac{20}{100} \times  2000)\\\\=\$ (50+400+400) \\\\ =\$ 850

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