The Accounting Records of Miller Company Provided the Data Below

question 33

Multiple Choice

The accounting records of Miller Company provided the data below ($ in 000s) .

$\begin{array} { l r } \text { Net incorrme}&\$ 17,500\\\text { Depreciation expense } & 8,400 \\ \text { Increase in accounts receivable } & 4,400 \\ \text { Decrease in inventory } & 6,400 \\ \text { Decrease in prepaid insurance } & 1,500 \\ \text { Decrease in salaries payable } & 2,700 \\ \text { Increase in interest payable } & 900 \end{array}$

What is the net cash provided (used) by operating activities?

• A) $20,600
• B) $27,600
• C) $3,800
• D) ($27,600)
• E) $41,800

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Definitions:

Source of Human Capital

Origin from which an organization acquires its employees' knowledge, skills, and abilities, contributing to its competitiveness and success.

Internal Supply

Existing employees who can be retrained, promoted, transferred, or otherwise redeployed to fill anticipated future HR requirements.

Labour Market Value

The value that the labor workforce adds to the production of goods or services, often reflected in the wages that employers are willing to pay for specific skills or jobs.

Firm-specific Human Capital

The unique skills, knowledge, and abilities that employees develop through working at a specific firm, contributing to its competitive advantage.