The Following Information Is Provided for Identikit Ltd for the Period

question 67

Multiple Choice

The following information is provided for Identikit Ltd for the period ended 30 June 2015: $\begin{array}{|l|r|} \hline& \$ 0 \\\hline \text { Cost of goods sold for the year } & 460 \\\hline \text { Discounts received for early payment to suppliers } & 40 \\\hline \text { Opening balance of trade creditors } & 100 \\\hline \text { Closing balance of trade creditors } & 120 \\\hline \text { Opening balance of inventory } & 78 \\\hline \text { Closing balance of inventory } & 160 \\\hline \text { Sales for the year } & 1200 \\\hline \text { Discounts provided to customers for early payment } & 120 \\\hline \text { Sales returns } & 120 \\\hline \text { Opening balance of accounts receivable } & 300 \\\hline \text { Closing balance of accounts receivable } & 270 \\\hline \text { Bad debts expense } & 65 \\\hline \text { Opening balance of tax payable } & 30 \\\hline \text { Closing balance of tax payable } & 15 \\\hline \text { Tax expense } & 27 \\\hline \text { Interest expense } & 73\\\hline\end{array}$ All transactions are in cash unless otherwise indicated.What is the net cash flow from operating activities for the period?

• A)Cash inflow $371 000
• B)Cash inflow $298 000
• C)Cash outflow $554 000
• D)Cash inflow $530 000

---

Definitions:

Emotional Intelligence

The capacity to comprehend, utilize, and control one's emotions constructively to mitigate stress, facilitate effective communication, empathize with others, and navigate obstacles.

Noncognitive Skills

Traits and behaviors that are not directly related to intellectual abilities but are important for personal development, social interactions, and academic and workplace success, such as emotional regulation and persistence.

Environmental Demands

The pressures and requirements placed on an individual or organization by the external surroundings, including social, economic, and ecological factors.

Ohio State Leadership Model

A behavioral leadership model developed from studies at Ohio State University, focusing on two dimensions of leadership behavior: consideration and initiating structure.