Chapter 10, Problem 11Q

Sapphire Fitness Equipment Co. reported long-term debt of $3.8 million on its 2021 balance sheet, and $4.4 million on its 2022 balance sheet. The 2022 income statement showed an interest expense of $120,000. What was the firm’s cash flow to creditors during 2022? Answer

Hello tutor please given General accounting question answer do fast and properly explain all answer

Sapphire Fitness Equipment Co. reported long-term debt of $3.8 million on its 2021 balance sheet, and $4.4 million on its 2022 balance sheet. The 2022 income statement showed an interest expense of $120,000. What was the firm’s cash flow to creditors during 2022?

America Manufacturing has determined a standard direct material cost per unit of $9.20 (4 pounds at $2.30 per pound). Last month, America purchased and used 8,500 pounds of direct materials, for which it paid $18,700. The company produced and sold 2,100 units during the month. Calculate the direct materials price variance, direct materials quantity variance, and direct materials spending variance.

I want Answer

Please show me the correct way to solve this financial accounting problem with accurate methods.

General accounting

Can you explain the correct methodology to solve this financial accounting problem?

I need help with accounting question