Laker Company Has Provided the Following Information for Its Most

question 42

Essay

Laker Company has provided the following information for its most recent year of operation:
Cash collected from customers totaled $99,300.
Cash borrowed from banks totaled $42,700.
Cash paid to employees totaled $23,300.
Cash paid for interest totaled $3,100.
Cash received from selling an investment in Husky stock totaled $73,000.
Cash payments to banks for repayment of money borrowed totaled $9,700.
Cash paid for operating expenses totaled $11,200.
Land costing $75,000 was sold for $75,000 cash.
Cash paid for dividend payments to stockholders totaled $7,700.
How much was Laker's net cash flow from investing activities?

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Definitions:

Sustainability Initiatives

Efforts made by individuals, organizations, or governments to reduce environmental impact and promote responsible resource use for future generations.

Mitigation of Risk

Strategies and actions taken to reduce the severity, impact, or likelihood of potential threats and vulnerabilities to a project, system, or investment.

Segment Customers

The practice of dividing a business's total customer base into smaller groups based on particular criteria such as needs, characteristics, or behaviors to tailor marketing and service approaches.