Examlex
Which of the following is a small version of a larger graphic on a webpage?
Selling Price
The amount of money charged for a product or service.
Net Operating Income
An accounting term that represents the revenue minus the cost of goods sold and operating expenses, excluding taxes and interest.
Degree Of Operating Leverage
A measure, at a given level of sales, of how a percentage change in sales will affect profits. The degree of operating leverage is computed by dividing contribution margin by net operating income.
Variable Expenses
Costs that vary in direct proportion to changes in an activity level or volume, such as sales commissions.
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