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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.

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Left, right, center,and justify are types of what
forsale [732]

Answer:

Justified Alignment

Explanation:

The type of text alignment that is frequently seen in newspaper,magazines,and books(both the left and the right sides of the paragraph are perfectly straight).I'm sorry if it was wrong.

brainliest plz ;-;

8 0
3 years ago
Southwest Airlines offers vacation packages that include airfare, car rental, and lodging. Southwest is using a(n) ________ pric
vredina [299]

Southwest Airlines offers vacation packages that include airfare, car rental, and lodging. Southwest is using a(n) <u>bundle </u>pricing strategy.

What is bundle pricing ?

A pricing strategy in which managers offer multiple products or services as a single package ("bundle") is called bundle pricing.

Motivation of bundle pricing:

Particularly useful if your customers' demand is highly variable but price discrimination is impractical.

When consumers' price sensitivity of demand varies widely and market conditions make price discrimination difficult

If customers have diverse tastes, it can increase the seller's profit.

It is a method of simulating perfect price discrimination when perfect price discrimination is not possible or when charging multiple prices for the same product is illegal.

Types:

Simple Bundling: When managers offer multiple products or services in a single package so that customers do not have the option of purchasing package components separately

Mixed Bundling: Allows customers to purchase package components as a whole or separately.

Learn more about bundle pricing here: brainly.com/question/23175408

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4 0
1 year ago
Arturo, a calendar year taxpayer, paid $20,300 in medical expenses and sustained a $24,360 casualty loss in 2020 (the loss occur
vodomira [7]

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3 0
2 years ago
$7,700 net monthly income - What amount would you use for needs for the month? *
Aleksandr [31]
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4 0
3 years ago
Bridge Building Company estimates that it will incur $1,200,000 in overhead costs for the year. Additionally, the company estima
Vaselesa [24]

Answer:

Predetermined manufacturing overhead rate= $2 per direct labor dollar

Explanation:

Giving the following information:

Estimated overhead cost= $1,200,000

Estimated direct labor cost= $600,000.

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,200,000 / 600,000

Predetermined manufacturing overhead rate= $2 per direct labor dollar

7 0
3 years ago
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