At the beginning of the year, the long-term debt of a firm was $3,500,000 and total debt was $5,000,000. At the end of the year, long-term debt was $3,200,000 and total debt was $4,800,000. The interest paid was $255,000. What is the amount of the cash flow to creditors?   Is the answer=    -$300,000?

A firm has $680 In inventory, 52,140 in fixed assets, $210 In accounts receivables, $250 in accounts payable, and $80 in cash. What is the amount of the net working capital?

Mary Smith is the controller for ABC Printing Service.  Mary has been putting in a lot of overtime; therefore, she  has been allowed  hire an assistant.  Mary’s assistant is a bright, high school graduate, but he has never taken an accounting class. Mary is trying to decide which accounting activities could be delegated to her assistant. Mary is willing to give the assistant a few simple instructions on how to complete each task, but she doesn’t have time to teach the assistant to be an accountant. For each task listed, state whether Mary should continue to do the work or delegate the task to her assistant.  Please explain each answer. List the account balances from the general ledger in the Trial Balance columns of the end-of-period spreadsheet. Add the Debit and Credit columns of the trial balance. Make the adjusting entries on the spreadsheet. Complete the spreadsheet. Type the formal financial statements using the data from the Income Statement and Balance Sheet columns of the…

Donner United has total owners' equity of $17,600. The firm has current assets of $20,150, current liabilities of $10,300, and total assets of $26,300. What is the value of the long-term debt?

Zam Corp has a book value of equity of $17,010. Long-term debt is $8,400. Net working capital, other than cash is $2,150. Fixed assets are $22,430 and current liabilities are $2,260. How much cash does the company have? What are current assets?