Examlex
Please explain how intelligence testing went from a tool to help children in school to a tool to "prove" racial inferiority?
Operating Income
The profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold.
Segment Margin
The amount of profit or loss generated by a particular segment of a business after accounting for the direct and indirect costs associated with that segment.
Segmented Income Statement
An income statement that breaks down revenue, expenses, and profit by individual segments of the business.
Contribution Format
A type of income statement where costs are separated into variable and fixed categories, highlighting the contribution margin.
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