Examlex
The IRS provides advice concerning an issue that arises during an audit by issuing
CVP Analysis
Short for Cost-Volume-Profit Analysis, a tool used to determine how changes in costs and volume affect a company's operating income and net income.
Contribution Margin Ratio
The ratio of sales income that surpasses variable expenses, showing the extent to which revenue assists in covering fixed costs and generating profit.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenue.
Operating Leverage
The degree to which a company can increase its profits by increasing sales, reflecting how fixed costs are leveraged against sales volume.
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