Jackson Company Recorded the Following Cash Transactions for the Year

question 152

Multiple Choice

Jackson Company recorded the following cash transactions for the year: Paid $135,000 for salaries.
Paid $60,000 to purchase office equipment.
Paid $15,000 for utilities.
Paid $6,000 in dividends.
Collected $275,000 from customers.
What was Jackson's net cash provided by operating activities?

• A)$125,000
• B)$65,000
• C)$140,000
• D)$119,000

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Definitions:

Price Conscious

Being aware of and giving importance to the cost of goods and services when making purchasing decisions.

Demand

The desire combined with purchasing power for specific goods or services at a given time and price.

Lunchbox

A container used to carry food, often for consumption at work or school.

Revenue

the total amount of money received by a company for goods sold or services provided during a certain period.