If a Company Reported Net Income for the Year of $160,000,cash

question 25

Multiple Choice

If a company reported net income for the year of $160,000,cash from operating activities of $105,000,cash flows from financing activities of $225,000,and cash used in investing activities of $450,000,what was their change in cash for the year?

• A)$120,000 decrease
• B)$170,000 decrease
• C)$40,000 increase
• D)$65,000 decrease

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Definitions:

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a specific price.

Price

The amount of money required to purchase a good or service, determined by factors such as supply and demand.

Normal Good

A type of good for which demand increases when income increases, demonstrating a direct relationship between income and demand.

Consumer Incomes

The total earnings received by consumers, including wages, dividends, and other sources of income.