The Westview Manufacturing Company has beginning long-term debt of $89,000, representing the principal balance of a loan from First National Bank. During the year, the company made total payments of $23,500 to the bank, which included $6,200 of interest. The company also secured an additional loan of $15,500. What is the value of the ending long-term debt? a. $75,700 b. $81,000 c. $87,200 d. $98,300 e. $104,500

The Westview Manufacturing Company has beginning long-term debt of $89,000, representing the principal balance of a loan from First National Bank. During the year, the company made total payments of $23,500 to the bank, which included $6,200 of interest. The company also secured an additional loan of $15,500. What is the value of the ending long-term debt? a. $75,700 b. $81,000 c. $87,200 d. $98,300 e. $104,500

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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