Examlex
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Annual Variable Costs
The costs that vary directly with the volume of production or sales within a specific year.
Worst-Case Scenario
The most adverse or unfavorable outcome that can occur in a situation.
Accounting Break-Even
The point at which total revenues equal total expenses, and the company generates neither profit nor loss from operations.
Depreciation Expense
The portion of the cost of a fixed asset that is considered as an expense due to its use, wear and tear, or obsolescence over its useful life.
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