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What does the term "empty calories" mean?
Net Income
The total earnings of a company after subtracting all expenses and taxes from its total revenues.
Contribution Margin
The amount remaining from sales revenue after variable expenses have been deducted, indicating the amount contributed toward covering fixed costs and generating profit.
Units Sold
The total number of a product's units that have been sold during a certain period.
Variable Costing
A costing method that includes only variable production costs in the cost of goods sold and treats fixed costs as period expenses.
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