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Light and variable winds which caused difficulties for mariners in the days of sailing ships occur under the
Profit Centers
Parts of an organization that directly add to its profit through their activities, treated as separate entities for financial management purposes.
Divisional Income Statements
Financial statements that show the revenue, expenses, and profit for each division or segment of a company separately.
Income from Operations
The profit generated from the core business activities of a company, excluding revenues and expenses from non-operational activities like financing or investments.
Payroll Cost
Expenses associated with compensating employees, including wages, salaries, and benefits.
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