At the Beginning of the Year,long-Term Debt of a Firm

question 63

Multiple Choice

At the beginning of the year,long-term debt of a firm is $310 and total debt is $350. At the end of the year,long-term debt is $280 and total debt is $370. The interest paid is $50. What is the amount of the cash flow to creditors?

• A) -$30
• B) $0
• C) $20
• D) $30
• E) $80

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Definitions:

Comparative Evaluation

The process of comparing one set of data, elements, or situations with another to assess its value or performance in relation to a standard or another entity.

Ranking Method

A method of evaluating employees that ranks them from best to worst on some trait.

Forced Distributions

A performance evaluation method where employees are ranked and rated according to a predetermined distribution curve, often to identify top performers, average performers, and underperformers.

360-Degree Performance

A method of performance assessment where an employee is evaluated by feedback from supervisors, peers, subordinates, and sometimes clients.