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Net Operating Income
A company's revenue minus its operating expenses, excluding taxes and interest, representing the profitability of its core business activities.
Tenant-Days
A metric used in real estate and hospitality to represent the total number of days that tenants or guests occupy a space in a given period.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate comparison of actual results to budgeted figures.
Budgeting Formulas
Mathematical expressions or equations used to project financial figures such as revenues, expenses, and net income for planning purposes.
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