Laker Company Has Provided the Following Information for Its Most

question 20

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.
Calculate Laker's net cash flow from financing activities.

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Definitions:

Mitochondria

Organelles found within cells that produce energy through respiration, and are also known for their role in various cellular processes like signaling, cellular differentiation, and cell death.

Genomic Parasites

Genetic elements that replicate within the genomes of organisms, often without providing benefits and sometimes causing harm.