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At the beginning of the year, MECCS Inc. had long-term debt of $6,367 and total debt of $11,285. At the end of the year, the

At the beginning of the year, MECCS Inc. had long-term debt of $6,367 and total debt of $11,285. At the end of the year, the long-term debt is $6,081 and total debt is $10,792. If $874 of interest was paid during the year, what is the cash flow to creditors?

Group of answer choices

$588

$381

$773

$1,160

Cellar Wines has a debt-equity ratio of 0.45, sales of $592,500, net income of $93,700, and total debt of $320,000. What is the return on equity?

Group of answer choices

19 percent

13 percent

16 percent

22 percent

10 percent

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The tax rates are as shown. Your firm currently has taxable income of $82,400. How much additional tax will the firm owe if it increases its taxable income by $30,000? Taxable income $0 - $50,000 $50,000 - $75,000 $75,000 $100,000 $100,000 $335,000 Tax Rate 15% 25% 34% 39% $10,820 O $11.960 $10,950 O $11,700

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