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Look at the representation of mariners on page 76.What part did these mariners and their double hulled voyaging canoes play in the exploration and colonization of Oceania? What lands did they colonize?
Variable Expenses
Expenses that vary directly with changes in business activity level, such as sales volume or production quantity.
Fixed Expenses
Expenses that remain constant regardless of any variations in the volume of production or sales.
Break-Even Point
The level of sales at which profit is zero.
Contribution Margin Ratio
A financial metric that measures the proportion of sales revenue that exceeds variable costs and contributes to covering fixed expenses and generating profit.
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