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Several hundred years after the Maya abandoned their ancient cities, Spanish observers reported a social hierarchy and inherited nobility that seemed related to what existed in the large, ancient, urban centers. This fact suggests that
Sales Increase
The rise in the volume or amount of sales over a specific period, reflecting business growth.
Net Operating Income
The profit generated from a company's core business operations after deducting all operating expenses except for interest and taxes.
Degree Of Operating Leverage
A financial metric that measures the sensitivity of a company's operating income to its sales. Higher leverage indicates that a small change in sales can lead to a large change in operating income.
Contribution Format
A method of income statement presentation that separates variable costs from fixed costs, highlighting the contribution margin.
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