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Why did service in the Union army or navy benefit many freedmen?
Net Income
The amount of earnings remaining after all expenses, taxes, and costs have been subtracted from total revenue.
Transfer Price
The price at which goods or services are transferred between departments or subsidiaries within the same company, used for accounting and tax purposes.
Operating Income
Earnings before interest and taxes (EBIT), calculated as gross income minus operating expenses.
Variable Cost
A variable cost varies directly with the level of production or sales volume, such as materials and labor costs.
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