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:

Public Relations

The professional practice of managing and guiding perceptions of individuals, organizations, or products in the public eye through media and communication strategies.

Public Diplomacy

The practice of promoting the interests of a nation through interaction and engagement with foreign publics.

Corporate Citizens

Companies that are recognized as having legal rights and responsibilities similar to those of an individual, including ethical and social obligations towards society.

U.S. Businesses

Companies and enterprises operating within the United States, contributing to its economy and subject to its regulations and market conditions.