Sitz Corporation's most recent comparative balance sheet and income statement appear below: 
Cash dividends were $11. The net cash provided by (used by) operations for the year was:
Definitions:
Fixed Cost
A cost that does not depend on the quantity of output produced; the cost of a fixed input.
Downward-Sloping Demand
A concept in economics that illustrates the inverse relationship between the price of a good and the quantity demanded by consumers.
Perfectly Competitive Firm
A company that operates in a market where there are many buyers and sellers, and where no single buyer or seller can influence the price of the product.
Horizontal Demand
Describes a demand curve that is perfectly elastic, indicating that even a very small change in price would lead to an infinite change in the quantity demanded, typically theoretical and not found in real-world markets.
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