Examlex
Discuss the following statement: "Joint ventures have unlimited life."
Contribution Margin
The amount remaining from sales revenue after variable costs are deducted, contributing to covering fixed costs and generating profit.
Break-Even Point
The financial point at which costs equal revenues, so there is no net loss or gain.
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted, contributing to covering fixed costs and profit.
Break Even
is the point at which total costs and total revenues are equal, meaning there is no net loss or gain, and it's a rephrased term for determining financial balance.
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