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:

Rock Strata

Layers of sedimentary rock that are arranged in a chronological sequence, each layer typically representing a period of geological time.

Erosion

The process by which natural forces such as water, wind, ice, and gravity wear away soil, rock, or land.

Origination Rate

The speed at which new species or genetic variations appear within a given lineage or ecosystem over time.

Extinction Rate

The rate at which species or other taxa disappear from Earth, an important factor in studying biodiversity and the effects of human activities and natural events on ecosystems.