Thomas Electric's Statement of Cash Flows Indicates a $12,000 Decrease

question 32

Multiple Choice

Thomas Electric's statement of cash flows indicates a $12,000 decrease in cash during the year.The statement also indicates that $28,000 was provided by operating activities and $15,000 was used by investing activities.How much is net cash provided/(used) by financing activities?

• A)($25,000)
• B)($1,000)
• C)($31,000)
• D)$42,000

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Definitions:

Order-Takers

Salespeople who only take orders by asking what the customer wants or waiting for the customer to order. They have no sales strategy and use no sales presentation.

Sales Process

The series of steps or stages sales professionals follow from initial contact with a potential client to closing the sale.

Want-Satisfaction

A sales technique focusing on identifying the desires of a customer and demonstrating how a product or service fulfills them.

Business Philosophy

An underlying set of beliefs and principles that guide a company's operations, decision-making, and strategies.