Examlex
The Apgar score is calculated by assessing 7 vital areas of functioning in a newborn on a scale of 1 to 3 points. The higher the score, the healthier the baby.
Net Income
Net income is the total profit of a company after all expenses and taxes have been deducted from revenues, indicating the company's financial performance over a specific period.
Variable Costs
Costs that change in proportion to the level of activity or production volume, such as materials and labor.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales activities.
Contribution Margin
The difference between a company's sales revenue and its variable costs, used to cover fixed costs and generate profit.
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