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Chloeroebuck2021go
Answered

If Northland has a debt of $5 million in 2014, and runs a deficit of $0.3 million in 2015, and a surplus of $0.4 million in 2016, what would its debt be at the end of 2016, assuming no additional interest is added to its debt?

$5.3 million

$4.9 million

$5.7 million

$4.3 million

Answer :

Lawrencemma2165go
$4.9 million

A $0.3 million deficit in 2015 has increased the debt from $5 to $5.3 million, and a $0.4 million surplus in 2016 has reduced the debt from $5.3 million down to $4.9 million at the end of the year.

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