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Bartling Energy Systems recently reported $9,250 of sales, $5,750 of operating costs other than depreciation, and $700 of depreciation.The company had no amortization charges, it had $3,200 of outstanding bonds that carry a 5% interest rate, and its federal-plus-state income tax rate was 25%.In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to make $1,250 of capital expenditures on new fixed assets and to invest $300 in net operating working capital.By how much did the firm's net income exceed its free cash flow?
Specific Environment
The set of owners, suppliers, distributors, government agencies, and competitors with which an organization must interact to grow and survive.
Adhocracy
An organizational structure that is flexible, adaptable, and non-hierarchical, often used to spark innovation and tackle emerging issues.
Decentralization
The distribution of decision-making powers from a central authority to local or individual levels within an organization or system.
Horizontal Specialization
An organizational structure approach that involves dividing work into specialized tasks or roles based on function or expertise at the same hierarchical level.
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