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

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Definitions:

Ventricular Diastole

The phase of the cardiac cycle during which the heart's ventricles relax and fill with blood.

Stroke Volume

The volume of blood pumped by the left ventricle of the heart in one contraction.

COPD

Chronic Obstructive Pulmonary Disease, a group of progressive lung diseases characterized by increasing breathlessness, frequent coughing, wheezing, and chest tightness.

Oxygen Delivery Device

Equipment used to supply extra oxygen to individuals who are not getting enough oxygen naturally, such as nasal cannulas or masks.