effects of free cash flow on profitability of firms
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effects of free cash flow on profitability of firms

New participants in the education blockchain ecosystem Historical costs differ from current values The theory of modern political economy in China holds that the profit under the socialist system is the form of the value of the surplus products created by the workers for the society. The value composition of the product is c+v+m,c+v is converted into production cost, and the m is part of the surplus product created by the laborer for the society, which translates into profit for the enterprise. The specific form of socialist profit is: to realize profit, that is, the balance of the sales revenue of the enterprise minus the expenses of various expenses; To pay the profits in accordance with the provisions to the national financial department; After tax profit, that is, the profit of the enterprise shall be returned to the enterprise in accordance with the state provisions. In 1937, American economist Robert coase (R. H. Coase's publication of the essence of the enterprise is considered to be the beginning of a discussion on this issue.