Wilkes Company had the following transactions during the current year: Earned revenues of $100,000 and incurred expenses of $56,000, all in cash. Purchased a truck for $25,000. Sold land for $10,000. Borrowed $15,000 from a local bank. What was the total change in cash during the year

$44,000

Explanation:

Change in Cash in operating activities:

= Revenues - expenses

= 100,000 - 56,000

= $44,000

Change in cash in Investing activities

= Sold land - Purchase of truck

= 10,000 - 25,000

= -$15,000

Change in cash from financing activities

= Borrowed $15,000 from local bank

= $15,000

Total change in cash:

=  44,000 -15,000 + 15,000

= $44,000

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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