Calculating the Cash Flow to Creditors
Not what you're looking for?
The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.9 million, and the 2011 balance sheet showed long-term debt of $3.2 million. The 2011 income statement showed an interest expense of $100,000.
What was the firm's cash flow to creditors during 2011? (Negative amount should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)
Cash flow to creditors $
Purchase this Solution
Solution Summary
The solution gived detailed steps on calculating the Cash Flow to creditors. All formula and calculations are shown and explained.
Purchase this Solution
Free BrainMass Quizzes
Probability Quiz
Some questions on probability
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.
Solving quadratic inequalities
This quiz test you on how well you are familiar with solving quadratic inequalities.
Know Your Linear Equations
Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.