The december 31, 2015, balance sheet of schism, inc., showed long-term debt of $1,460,000, and the december 31, 2016, balance sheet showed long-term debt of $1,700,000. the 2016 income statement showed an interest expense of $100,000.what was the firm's cash flow to creditors during 2016? (a negative answer should be indicated by a minus sign. enter your answer in dollars, not millions of dollars, e. g., 1,234,567. do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.)

- $140,000

Explanation:

The Cash flow to creditors = Interest paid - Net new borrowing

                                           = Interest paid - (Ending Long term debt - Beginning Long term debt)

                                         = $100,000 - ($1,700,000 - $1,460,000)

                                         = $100,000 - $240,000

                                         = - $140,000

Therefore, the cash flow to creditors is - $140,000.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.