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

Recognize different forms of authority (traditional, charismatic, legal-rational) and examples of each.

Analyze the role of state and politics in the exercise of power and authority.

Identify and understand the institutions involved in the exercise of power and authority.

Understand the impact of political revolutions and social movements on social and political orders.

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Definitions:

Ask Price

The minimum price a seller is willing to accept for an asset or security.

Sell

The act of transferring ownership of a security or asset from a seller to a buyer in exchange for cash or other forms of payment.

Security

A financial instrument representing an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Dark Pools

Private financial forums or exchanges for trading securities not accessible by the investing public, often used by large institutions to avoid impacting the market with large orders.