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
Correct answer - e: $-1,700,000
Long term debt in 2008 = $2.15 million
Long term debt in 2009 = $4.05 million
Inflow on account of additional debt taken = $1.90 million ($4.05 million - $2.15 million)..............(a)
Outflow on account of interest payment = $0.20 million..............(b)
Net cash outflow = $-1.70 million (a - b)
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.15 million, and...
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.65 million in long-term debt, $720,000 in the common stock account, and $6.25 million in the additional paid-in surplus account. The 2009 balance sheet showed $3.6 million, $955,000, and $8.35 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $260,000. The company paid out $670,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $740,000, and the firm...
The 2016 balance sheet of Maria's Tennis Shop Inc showed long term debt of $3.5 million and the 2017 balance sheet showed long-term debt of $3.7 million. the 2017 income statement showed an interest expense of $115,000. what was the firm's cash flow to creditors during 2017?
The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.5 million, and the 2015 balance sheet showed long-term debt of $5.5 million. The 2015 income statement showed an interest expense of $49787. During 2015, Maria's Tennis Shop, Inc. realized the following: Cash flow to creditors $16878 Cash flow to stockholders $71136 Suppose you also know that the firm's net capital spending for 2015 was $2.2 million, and that the firm reduced its net working capital investment...
The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.9 million, and the 2015 balance sheet showed long-term debt of $5.1 million. The 2015 income statement showed an interest expense of $87331. During 2015, Maria’s Tennis Shop, Inc. realized the following: Cash flow to creditors $ 29992 Cash flow to stockholders $ 60514 Suppose you also know that the firm’s net capital spending for 2015 was $3.4 million, and that the firm reduced its net working...
The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $4.5 million, and the 2015 balance sheet showed long-term debt of $5.9 million. The 2015 income statement showed an interest expense of $67044. During 2015, Maria’s Tennis Shop, Inc. realized the following: Cash flow to creditors $ 16565 Cash flow to stockholders $ 77992 Suppose you also know that the firm’s net capital spending for 2015 was $2.6 million, and that the firm reduced its net working...
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
Question 1 1.5 pts The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2014 balance sheet showed long-term debt of $3.7 million. The 2014 income statement showed an interest expense of $727,000 What was the firm's cash flow to creditors during 2014? (Round final answer to the nearest whole dollar. Do not round intermediate calculations). Topic: Cash Flow Identity
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $760,000 in the common stock account and $6.05 million in the additional paid-in surplus account. The 2009 balance sheet showed $845,000 and $8.45 million in the same two accounts respectively. If the company paid out $600,000 in cash dividends during 2009, What was the cash flow to stockholders for the year? Multiple Choice $-1,885,000 $160,000 $1,885,000 $245,000
The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.2 million, and the 2014 balance sheet showed long-term debt of $2.9 million. The 2014 income statement showed an interest expense of $686,000. During 2014, Maria’s Tennis Shop, Inc., had a cash flow to stockholders for the year of $302,000. Suppose you also know that the firm’s net capital spending for 2014 was $852,000, and that the firm reduced its net working capital investment by $76,000. What...
Question 3 2 pts The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2014 balance sheet showed long-term debt of $2.7 million. The 2014 income statement showed an interest expense of $552,000. During 2014, Maria's Tennis Shop, Inc., had a cash flow to stockholders for the year of $305,000. Suppose you also know that the firm's net capital spending for 2014 was $846,000, and that the firm reduced its net working capital...