Monster Cookie Ltd

question 60

Multiple Choice

Monster Cookie Ltd.reported a loss of $12,000 for the year.During the year, accounts receivable decreased $5,000, merchandise inventory increased $4,000, accounts payable increased by $13,000, and depreciation expense of $7,000 was recorded.Using the indirect method, operating activities

• A)used net cash of $33,000.
• B)used net cash of $23,000.
• C)provided net cash of $9,000.
• D)provided net cash of $7,000.

---

Definitions:

Surround Sound Systems

Audio systems designed to create a more immersive listening experience by using multiple speakers placed around a room to simulate a 3D sound environment.

Monopoly

A market structure characterized by a single seller offering a unique product or service with no close substitutes, leading to the ability to influence price.

Total Revenue

The complete amount of income a business receives from its operations, calculated by multiplying the price of goods by the quantity sold.

Prices

The monetary value necessary to acquire a good, service, or asset.