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Mediators have binding legal authority to require the parties to settle an interest dispute,but they often first restrict themselves to offering advice to help each party to clarify their own priorities and assessment of costs or risks associated with failing to reach a voluntary agreement.
Sales Dollars
The total revenue generated from the sale of goods or services, measured in dollar amount.
Common Fixed Expenses
Expenses that remain constant in total regardless of changes in the level of activity or volume of output.
Break-even
The point at which total cost and total revenue are equal, meaning there is no net loss or gain.
Net Operating Income
The total profit of a company after operating expenses but before deducting interest and taxes.
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