Consider the following information:
Required:
Part a.Compute the cash provided by (used in)investing activities.
Part b.Compute the cash provided by (used in)financing activities.
Part c.If you did not use any of the items listed in parts a or b,explain why,and indicate,if appropriate,how each item would be reported on the statement of cash flows.
Definitions:
Hourly Wages
The amount of earnings paid to an employee for each hour worked.
Fringe Benefits
Additional benefits, beyond a salary, offered to employees, such as health insurance, retirement plans, and paid time off.
Minimum Wage
The lowest remuneration that employers can legally pay their workers—the rate may be set by national government or by a state or local government.
Substitution Effect
The change in consumption patterns due to a change in the prices of goods, leading consumers to replace more expensive items with less costly alternatives.
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