The Net Operating Profit of Patrick Ltd Was $31 000

question 28

Multiple Choice

The net operating profit of Patrick Ltd was $31 000. Depreciation expense was $10 000 and gain on sale of equipment was $2 000. Accounts receivable increased by $15 000 and inventory decreased by $7 000. Accounts payable decreased by $8 000. What was the cash flow from operations?

• A) $47 000
• B) $39 000
• C) $25 000
• D) $23 000

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Definitions:

Absolute Threshold

The minimum stimulus intensity needed to detect a particular stimulus 50% of the time.

Stimulation

The act of provoking or causing a response in an organism, organ, or tissue through external or internal means.

Stimulation of the Senses

Refers to activities or interventions aimed at engaging one or more of the five senses (sight, sound, touch, taste, smell) for therapeutic, developmental, or experiential purposes.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.