Examlex
Several different approaches have been developed for predictive policing. One of the first to be tested was where and when?
Break-even Sales
The amount of revenue needed to cover total costs, both fixed and variable, indicating the point at which a company neither makes a profit nor incurs a loss.
Margin of Safety
The difference between actual or projected sales and the sales level necessary to break even, as a buffer against uncertainty.
Contribution Margin
The difference between sales revenue and variable costs of a product or service, indicating how much contributes towards covering fixed costs and profit.
Variable Costs
Costs that vary in direct proportion to changes in the level of production or sales.
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