Laker Company Has Provided the Following Information for Its Most

question 6

Essay

Laker Company has provided the following information for its most recent year of operation:
Cash collected from customers totaled $99,300.
Cash borrowed from banks totaled $42,700.
Cash paid to employees totaled $23,300.
Cash paid for rent totaled $3,100.
Cash received from selling an investment in Husky stock totaled $73,000.
Cash payments to banks for repayment of money borrowed totaled $9,700.
Cash paid for operating expenses totaled $11,200.
Land costing $75,000 was sold for $75,000 cash.
Cash paid for dividend payments to stockholders totaled $7,700.
Calculate Laker's net cash flow from financing activities.

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Definitions:

Customer Service Call Center

A dedicated office space where employees handle incoming and outgoing customer calls, focusing on support and inquiries.

Problem Solving

Problem solving is a cognitive process in which a person identifies, analyzes, and resolves issues facing them, often involving creativity and critical thinking to find solutions.

Management Theory

A collection of ideas and principles that guide the organization, planning, and control of an organization to achieve its objectives.

Operational Efficiency

The capability of an organization to deliver products or services to its customers in the most cost-effective manner while ensuring the quality of its product, service, and support.