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Law that is established when judges apply past decisions by courts-called legal precedents-to the facts of a new case before them is called
Equipment Lease Costs
The expense incurred from leasing or renting equipment instead of purchasing it, often operational in nature.
Selling Price Per Unit
The amount of money charged to the customer for one unit of a product or service.
Contribution Margin
The difference between sales revenue and variable costs, used to cover fixed costs and generate profit.
Relevant Range
The range of activity within which the assumptions about variable and fixed cost behavior are valid.
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