Cash Flow to Creditors
Cash Flow to Creditors = Interest Expenses – [Long term debt at the end – Long term debt at the beginning)
= $110,000 – [$36,00,000 - $33,00,000]
= $110,000 - $300,000
= -$190,000 (Negative)
“Hence, The firms cash flow to creditors during 2018 = -$190,000 (Negative)”
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $3.3 million, and...
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6.2 million, and the 2018 balance sheet showed long-term debt of $6.6 million. The 2018 income statement showed an interest expense of $170,000. points What was the firm's cash flow to creditors during 2018? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) eBook Cash flow to creditors
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The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $3.3 million, and the 2018 balance sheet showed long-term debt of $3.6 million. The 2018 income statement showed an interest expense of $110,000. What was the firm’s cash flow to creditors during 2018? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $580,000 in the...
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The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6 million, and the 2018 balance sheet showed long-term debt of $6.4 million. The 2018 income statement showed an interest expense of $160,000. What was the firm's cash flow to creditors during 2018? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., ,234,567.) Cash flow to creditors
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