Laker Company Has Provided the Following Information for Its Most

question 54

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 operating activities.

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Definitions:

Hierarchical Organizational Structures

Organizational frameworks where entities are ranked one above the other based on authority and responsibility.

Gig Economy

A labor market characterized by short-term contracts or freelance work as opposed to permanent jobs.

Unique Selling Proposition

A marketing strategy that highlights the unique benefits or characteristics of a product or service that set it apart from competitors.

Market Logic

The principles and dynamics through which market economies determine the allocation of resources, prices, and other economic variables.