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
Scilla [17]
3 years ago
12

The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,450,000, and the December 31, 2016, balance sh

eet showed long-term debt of $1,680,000. The 2016 income statement showed an interest expense of $99,000. What was the firm's cash flow to creditors during 2016? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash flow to creditors $
Business
1 answer:
baherus [9]3 years ago
7 0

Answer:

The firm's cash flow to creditors during 2016 was -$131,000.

Explanation:

Cash flow to creditors

= Interest expense - (Ending LT Debt - Beginning LT Debt)

= $99,000 - ($1,680,000 - $1,450,000)

= -$131,000

Therefore, The firm's cash flow to creditors during 2016 was -$131,000.

You might be interested in
The information needed to make the journal entries to record the wages and salaries expense comes from
babymother [125]
The answer is The Payroll Register.
5 0
3 years ago
Read 2 more answers
A builder only has a few properties available in a development. He feels that it is no longer necessary to have his onsite sales
USPshnik [31]

Answer:

An open listing

Explanation:

In real estate an open listing is one in which the owner of a property contracts more than one agent to sell the property. The agent with the winning bid will eventually sell the property.

The opposite of this is the exclusive listing where the property owner only engages one agent to sell the property.

In the given scenario the builder feels that it is no longer necessary to have his onsite sales agent market these properties and decides to list the properties with a local brokerage firm. Thereby allowing all of the local firms to market these properties.

This is an open listing

5 0
2 years ago
A major conflict of interest between top executives and owners, is that top executives wish to diversify the firm in order to ,
lutik1710 [3]
For the answer to the question above, I think the answer is because they want <em><u>"</u></em><u><em> to</em></u><u><em> </em></u><span><u><em>reduce their employment risk; increase the company's value" </em></u>that's why they want to diversify</span>
I hope my answer helped you. Have a nice day!
6 0
3 years ago
_ is the process managers use to continually monitor all phases of the production process to ensure that quality is being built
Free_Kalibri [48]
Statistical Quality Control<span> is the process managers use to continually monitor all phases of the production process to ensure that quality is being built into the product from the beginning and that quality is not being inspected into the product at the end of the production process.

All products go through a quality control procedure to make sure their products meet industry and company standards. Organizations do this to ensure they are putting out the smallest amount of defects as possible when creating items to sell to wholesalers or consumers. </span>
7 0
3 years ago
The salient or important attributes about a particular product that a consumer bases his or her product evaluation on are called
solmaris [256]

Answer:Evaluative criteria

Explanation:

7 0
3 years ago
Other questions:
  • For some reason, the seller of a home at 123 Mulberry Lane decided not to close on a sale transaction on closing day. The seller
    12·1 answer
  • What should i name my blue dinosaur
    10·2 answers
  • Ellie has been working for an engineering firm and earning an annual salary of $80,000. she decides to open her own engineering
    14·1 answer
  • On January 1, 2021, Sheridan Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease call
    14·1 answer
  • Additional data: 1. Dividends declared and paid were $25,400. 2. During the year, equipment was sold for $8,700 cash. This equip
    8·1 answer
  • When the government levies a $100 million tax on people's income and puts the $100 million back into the economy in the form of
    10·1 answer
  • Tom's lawn service specializes in mowing lawns and trimming bushes Tom has 4 hours to devote to lawn services. In 1 hour, he can
    13·1 answer
  • If you find yourself part of a team at work , what is the best way to behave during a team meeting ?
    6·2 answers
  • Fenway Electronics produces video games in three market categories: commercial, home, and miniature. Fenway has traditionally al
    8·1 answer
  • Which control standard is stated most effectively?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!