Adama Company Reported a Net Loss of $6,000 for the Year

question 79

Multiple Choice

Adama Company reported a net loss of $6,000 for the year ended December 31, 2014. During the year, accounts receivable increased $15,000, merchandise inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded. During 2014, operating activities

• A)used net cash of $17,000.
• B)used net cash of $29,000.
• C)provided net cash of $24,000.
• D)provided net cash of $21,000.

Understand the concept of ethics intensity and the conditions that raise ethical awareness in business scenarios.

Know the stakeholders in corporate governance and their roles.

Understand the concept and importance of asset allocation in funds.

Identify the characteristics and management fees of various investment tools, including mutual funds and exchange-traded funds (ETFs).

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Definitions:

Costs of Turnover

Expenses associated with an employee leaving a company, including recruitment, training, and lost productivity costs.

Medical Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, offering protection against high healthcare costs.

Vesting Rights

Guarantee that when employees become participants in a pension plan and work a specified number of years, they will receive a pension at retirement age, regardless of whether they remained with the employer.

Pension Plan

A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit. The funds are invested on the employee's behalf, and the earnings on the investments generate income to the worker upon retirement.