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In 1986, the National Science Foundation connected its huge network of five supercomputer centers, called NSFnet, to ARPANET, creating the configuration of complex networks and hosts that eventually became known as the Internet.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including material and labor costs.
Break-Even Point
The level of production or sales at which total revenues equal total expenses, resulting in no net profit or loss.
Contribution Margin Ratio
The ratio of contribution margin to sales revenue, indicating the percentage of each sales dollar available to cover fixed costs and provide profit.
Fixed Expenses
Costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.
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