Examlex
Which of the following is true?
Net Income
The total earnings of a company after all expenses and taxes have been deducted from revenue.
Contribution Margin
The amount remaining from sales revenue after variable expenses are deducted, used to cover fixed costs and generate profits.
Gross Margin
Gross Margin is the difference between revenue and the cost of goods sold, divided by revenue, expressed as a percentage. It indicates the percentage of revenue that exceeds the cost of goods sold.
Special Order
A special order refers to a one-time order that is not part of the regular, ongoing business operations and usually requires consideration of additional costs and pricing.
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