1. The revenue a property is expected to generate after adjusting for operating expenses, but before providing for debt service or income tax consequences, is ______________ .
net operating income
effective gross income
normalized gross income
before-tax cash flow
2. Airfoil, Inc. has a beginning long-term debt of $270 and an ending long-term debt of $315.
The beginning and ending total debt balances are $440 and $460, respectively.
The interest paid is 15.
What is the amount of the cash flow to creditors?