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You are given an E-R diagram with two entities,ORDER and CUSTOMER,as shown above,and are asked to draw the relationship between them.If a given customer can place only one order and a given order can be placed by at most one customer,which of the following should be indicated in the relationship symbol between the two entities?
Variable Costing Income Statement
An income statement format that deducts only variable costs from sales to compute contribution margin, followed by the deduction of fixed costs to determine net income.
Net Operating Income
The profit generated from the normal operational activities of a business, excluding other income and expenses such as interest and taxes.
Variable Costing
An accounting technique that calculates the cost of a product by considering only costs that fluctuate with the level of production, excluding fixed costs.
Absorption Costing
A costing method that includes all manufacturing costs - both variable and fixed - in the cost of a product.
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