Examlex
As part of the Prague Spring,
Margin of Safety
The difference between actual sales and breakeven sales, indicating how much sales can decrease before a business incurs a loss.
Variable Expenses
Expenditures that fluctuate in tandem with operational activity levels, including costs like utilities and commissions.
Net Income
The total profit of a company after all expenses, including taxes and operating expenses, are subtracted from total revenue.
Break-Even Point
The point at which the amount produced or sold results in total income matching total costs, leading to neither a profit nor a loss.
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