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

question 139

Multiple Choice

Hunter Company reported a net loss of $6,000 for the year ended December 31, 2014. During the year, accounts receivable decreased $14,000, inventory increased $10,000, accounts payable increased by $15,000, and depreciation expense of $12,000 was recorded. During 2014, operating activities

• A) used net cash of $7,000.
• B) used net cash of $25,000.
• C) provided net cash of $25,000.
• D) provided net cash of $37,000.

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Definitions:

Entropy

A measure of disorder or randomness in a system, often used in physics, information theory, and other fields to describe how structured or disordered a system is.

Performance Excellence

A strategy or practice within business and organizational management focused on meeting customer expectations and improving service or product quality continuously.

Simultaneous Loose-Tight Properties

A concept in organizational management where certain aspects of a company are controlled tightly while others are allowed flexibility, promoting innovation and adherence to core values.

Strategic Opportunities

Prospects that align with an organization's strategic plan, offering potential for significant growth or advancement.