According to the below information, which of the following is a cash outflow? Trade receivables Prepaid Expense Short term loan Long term Debt 2013 $45,000 160,000 40,000 70,000 2012 $35,000 170,000 35000 60,000 Select one: a. short-term loan I b. prepaid expenses c. trade receivables d. long-term debt An important objective of financial management is to ensure that cost of borrowed funds is higher than the return on assets. a. true b. false An entrepreneur invests $100000 cash in a business. What is the effect on the financial statements? a a. Current assets increase and equity increases b. Current liabilities increase and current assets increase c. Current liabilities decrease and current assets decrease d. Current assets decrease and equity decreases