Examlex
Many market standards are developed by private-sector trade associations.
Net Income
The total earnings of a company after subtracting all expenses and taxes from total revenue.
Variable Costing
An accounting method that considers only variable costs in calculating the cost of goods sold and determines contribution margin.
Fixed Overhead
Costs that do not change with the level of production activity, such as rent, salaries, and insurance.
Operating Income
Earnings from a company's core business operations, excluding expenses and revenues from non-operational activities like investment income.
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