14. For the year ended December 31, 2003, GINEBRA had cash flow from operating activities of -P10,000, cash flow from investment activities of P4,000, and cash flow from financing activities of P9,000. The Statement of Cash Flows would show a
A. net decrease of P3,000 in cash and marketable securities.
B. net decrease of P5,000 in cash and marketable securities.
C. net increase of P3,000 in cash and marketable securities.
D. net increase of P5,000 in cash and marketable securities.
15. For the year ended December 31, 2003, Talk and Text had cash flow from operating activities of P20,000, cash flow from investment activities of -P15,000, and cash flow from financing activities of -P10,000. The Statement of Cash Flows would show a
A. net increase of P5,000 in cash and marketable securities.
B. net decrease of P5,000 in cash and marketable securities.
C. net decrease of P15,000 in cash and marketable securities.
D. net increase of P25,000 in cash and marketable securities.
16. For the year ended December 31, 2003, ALASKA had cash flow from operating activities of P12,000, cash flow from investment activities of -$10,000, and cash flow from financing activities of P4,000. The Statement of Cash Flows would show a
A. net decrease of P18,000 in cash and marketable securities.
B. net decrease of P6,000 in cash and marketable securities.
C. net increase of P6,000 in cash and marketable securities.
D. net increase of P2,000 in cash and marketable securities.
17. Jollibee has just ended the calendar year making a sale in the amount of P200,000 of merchandise purchased during the year at a total cost of P150,500. Although the firm paid in full for the merchandise during the year, it has yet to collect at year end from the customer. One possible problem this firm may face is
A. low profitability.
B. insolvency.
C. inability to receive credit.
D. high leverage.