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The function of the MIRL is to:
Net Operating Income
A financial metric that shows the profitability of a company's core business activities, excluding the effects of financing and investment income.
Segment Margin
The amount of profit or loss generated by a particular segment of a business, after accounting for traceable costs and expenses.
Traceable Fixed Expenses
Fixed costs that can be directly tied to a specific segment, department, or product, and would disappear if the segment, department, or product were eliminated.
Fixed Costs
Expenses that do not vary with the level of production or sales within a certain range.
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