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Explain the difference between deviance and crime.
Income Statement
An accounting statement that provides a summary of a company's revenues, expenses, and net income over a specific period.
Expenses
The monetary costs incurred in the process of generating revenues, including fixed, variable, and semi-variable expenses.
Contribution Margin Ratio
A financial metric expressing the percentage of each sales dollar remaining after variable costs are subtracted.
Fixed Expenses
Costs that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.
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