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
Anuta_ua [19.1K]
3 years ago
13

7. The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet show

ed long-term debt of $2.21 million. The 2018 income statement showed an interest expense of $255,000. What was the firm's cash flow to creditors during 2018?
Business
1 answer:
irina1246 [14]3 years ago
6 0

Answer:

The firm's cash flow to creditors during 2018 was –$85,000

Explanation:

The firms cash flow to creditors would be calculating by substracting the interest expense of the firm to the long-term debt taken during the period.

Cash flow to creditors = Interest expense – Net new LTD borrowing

Cash flow to creditors = Interest expense – (LTDend – LTDbeg)

Cash flow to creditors = $255,000 – ($2,210,000 – 1,870,000)

Cash flow to creditors = –$85,000

You might be interested in
Jane currently has $5,000 in her savings account and $2,000 in her checking account at the local bank. Instructions: Use a posit
diamong [38]

Answer:

Change in M1 $400

Changd in M2 $0

Explanation:

The money which is been held by individuals in savings accounts is part of the M2 money supply, but its not part ofthe M1 money supply.

Hence when Jane withdraws $400 cash from her savings account,the M1 money supply will increases by $400. However, the M2 money supply does not tend to change reason been that the M1 money supply is included as part of the M2 money

Change in M1 $400

Changd in M2 $0

7 0
3 years ago
ok guys one thing should i just sit back and let my sis be hurt or should i try to help her no matter how hard she push me away
Andrews [41]

Answer:

make sure she good

Explanation:

can i have brainlyest pls?

4 0
3 years ago
Read 2 more answers
Which action will help increase a low FICO score?
Andreas93 [3]
Reducing credit card balances is the <span>action will help increase a low FICO score. 

</span>The FICO mortgage score is between 300<span> and </span>850<span>. Higher scores indicate lower credit risk. Each individual actually has 65 credit scores for the FICO scoring model because each of </span>three<span> national credit bureaus, Equifax, Experian and TransUnion, has its own database.</span>
8 0
3 years ago
Please help, will give Brainlest. Explain how a business income statement could help a business owner who is looking for investo
mixer [17]

Answer:

The income statement determines very important information for a business investment proposal such as EBITDA : Earnings Before Interest and Taxes plus Depreciation and Amortization.

This indicator is critical to know how much profit is drive just by the operation of the business. You can compare this indicator with accounts such as long term and short term loans  in order to determine how much debt is healthy for the business to ask for investors or a bank.

Explanation:

8 0
3 years ago
Read 2 more answers
Carly is watching television and notices that she has seen the same commercial four times during the same program. she wonders w
grigory [225]

Answer:

She is unfamiliar with the <u>"mere exposure effect."</u>

Explanation:

When an individual hear or see something many times, he/she develops a preference for that thing merely, the reason is that an individual is so much familiar with that, this phenomenon is known as mere-exposure effect. Sometimes we also develop that effect when we watch any tv program so many times that we develop much familiarity with that program.

8 0
3 years ago
Other questions:
  • Good cash management is an essential job of the financial manager. You own a small auto sales business called King Kars. You sto
    6·2 answers
  • Name the old name of java​
    14·1 answer
  • What is the first step the manager takes when a subordinate is having difficulty carrying out a delegated task?
    8·1 answer
  • During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2015, yo
    9·1 answer
  • Land costing $71,000 was sold for $50,000 cash. The loss on the sale was reported on the income statement as other expense. On t
    12·1 answer
  • There is is an acronym that helps you analyze business communication situations. What does each letter in the acronym stand for?
    6·1 answer
  • Please help I have no clue how to do accounting
    14·1 answer
  • Answer these questions picture above.<br><br>​
    10·1 answer
  • Compared to the other classifications of consumer products, shopping products are:_________
    9·1 answer
  • Who are the main stakeholders that the y is attempting to reach with the information it has gained through its market research?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!