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Plotz Corporation's net cash provided by operating activities was $59,000;its net income was $67,000;its income taxes were $29,000;its capital expenditures were $44,000;and its cash dividends were $13,000.
Required:
Determine the company's free cash flow.
Contribution Margin
A financial metric that represents the difference between a company's sales revenue and its variable costs. It is used to analyze the profitability of individual products.
Monthly Sales Volume
Refers to the total number of units sold or services rendered in a month.
Independent Variable
A variable in an experiment or model that is manipulated or changed to observe its effect on a dependent variable, without being affected by other variables.
Machine-Hours
A measure of production time that indicates the total hours machines were operated to complete a task or manufacture goods.
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