Pete's Boats has beginning long-term debt of $840 and ending long-term debt of $790. The beginning and ending total debt balances are $1,220 and $1,360, respectively. The interest paid is $30. What is the amount of the cash flow to creditors? Multiple Choice −$110 $80 $110 −$80 $20
Net new long term debt=Ending long term debt-Beginning long term debt
=790-840=($50)
Hence cash flow to creditors=Interest paid-Net new long term debt
=30-(50)
which is equal to
=$80.
Pete's Boats has beginning long-term debt of $840 and ending long-term debt of $790. The beginning...
Question 7 11.11 pts Wing Air, Inc. has a beginning long-term debt of $290 and an ending long-term debt of $301. The beginning and ending total debt balances are $440 and $460, respectively. The interest paid is 25. What is the amount of the cash flow to creditors? 0-$566 O $275 O $14 O $2
MC algo 2-46 Cash Flow To Creditors Adison Winery had beginning long-term debt of $39,231 and ending long-term debt of $44,624. The beginning and ending total debt balances were $48,529 and $53,564, respectively. The company paid interest of $4,309 during the year. What was the company's cash flow to creditors?
At the beginning of the year, Anita's Wafles had long-term debt of $306 and total debt of $338. At the end of the year, the firm has long-term debt of $268 and total debt of $348. The interest paid is $34 and depreciation is $20. What is the cash flow to creditors? Multiple Choice $38 o -$38 o
At the beginning of the year, Nothing More, Corp., had a long-term debt balance of $38,304. During the year, the company repaid a long-term loan in the amount of $11,364. The company paid $4,520 in interest during the year, and opened a new long-term loan for $9,960. What was the cash flow to creditors during the year? Multiple Choice Ο Ο $6,844 Ο $12,460 Ο $5,924 Ο $5,440
At the beginning of the year, the long-term debt of a firm was 290 and total debt was 360. At the end of the year, long-term debt was 250 and total debt was 370. The interest paid was 34. What is the amount of the cash flow to creditors?
A company has beginning total debt of $682,400 and ending total debt of $697,413. Current liabilities increased by $18,915 during the year. What was the cash flow to creditors if the firm paid $34,215 in interest during the year?
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.15 million, and the 2009 balance sheet showed long-term debt of $4.05 million. The 2009 income statement showed an interest expense of $200,000. What was the firm's cash flow to creditors during 2009? rev: 09_17_2012 Multiple Choice $1,900,200 $-198,100 $1,900,000 $-201,900 $-1,700,000
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $2.55 million, and the 2018 balance sheet showed long-term debt of $4.2 million. The 2018 income statement showed an interest expense of $210,000. What was the firm's cash flow to creditors during 2018? Multiple Choice $-211,650 $-208,350 o o o o of $1,650,000 $1,650,210 $-1,440,000
At the beginning of the year, Shinedown, Corp., had a long-term debt balance of $47,380. During the year, the company repaid a long-term loan in the amount of $13,505. The company paid $5,270 in interest during the year, and opened a new long-term loan for $11,870. How much is the ending long-term debt account on the company's balance sheet?
The December 31, 2015, balance sheet of Contrail Air, Inc., showed long-term debt of $1,590,000, and the December 31, 2016, balance sheet showed long-term debt of $1,662,000. The 2016 income statement showed an interest expense of $103,900. What was the firm's cash flow to creditors during 2016? Input area: Dec. 31, 2011 Long-term debt $ 1,590,000 Dec. 31, 2012 Long-term debt $ 1,662,000 Interest expense $ 103,900 Output area: Cash flow to creditors