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Which is the formula managers use to calculate their employee turnover rate?
Margin of Safety
The difference between actual or projected sales and the break-even point, indicating the amount by which sales can drop before reaching a loss.
Break-even Point
The point at which total cost and total revenue are equal, resulting in neither profit nor loss.
Break-even Sales
The amount of revenue required to cover total costs, both fixed and variable, at which point a business neither makes a profit nor suffers a loss.
Variable Cost
Overheads that move in sync with the volume of manufacturing or sales, covering labor and material costs.
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