Question 1: On June 30th, 2023, Carrabba’s Italian Restaurant had long-term debt of $2,370,000. The previous year-end (June 30th, 2022), the long-term debt was $2,520,000. During the 2022-23 financial year, the restaurant paid its creditors $90,000 in interest payments. What is the amount of the cash flow to creditors in the calculation of financial cash flow? $60,000. $150,000. -$150,000. -$240,000. $240,000. Question 2: Taco Hell Inc. has long-term fixed assets of $3,620,000. On the liability side, its long-term debt is $1,300,000 and its current liabilities are $600,000. The company also reports book value of equity of $3,240,000. What is the amount of current assets in Taco Hell’s Balance sheet? $1,520,000. $720,000 $1,580,000 $960,000 $2,280,000
Question 1: On June 30th, 2023, Carrabba’s Italian Restaurant had long-term debt of $2,370,000. The previous year-end (June 30th, 2022), the long-term debt was $2,520,000. During the 2022-23 financial year, the restaurant paid its creditors $90,000 in interest payments. What is the amount of the cash flow to creditors in the calculation of financial cash flow?
- $60,000.
- $150,000.
- -$150,000.
- -$240,000.
- $240,000.
Question 2: Taco Hell Inc. has long-term fixed assets of $3,620,000. On the liability side, its long-term debt is $1,300,000 and its current liabilities are $600,000. The company also reports book value of equity of $3,240,000. What is the amount of current assets in Taco Hell’s
- $1,520,000.
- $720,000
- $1,580,000
- $960,000
- $2,280,000
need both questions. ....attempt if you will solve both........thanks
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