Examlex
As research for a science class,seventh graders at a grade school in Ontario collected data on weather patterns.For each day in January of 2011,they recorded the high and low temperatures,precipitation,humidity,and wind speed.
Break-Even Point
The point at which total cost and total revenue are equal, meaning no net loss or gain, and one has "broken even."
Relevant Range
The range of activity within which the assumptions about fixed and variable cost behaviors hold true.
Contribution Margin
The difference between sales revenue and variable costs, measuring the ability of a business to cover its fixed costs.
Sales Mix
Sales mix is the proportion of different products or services that a company sells, reflecting the variety of sales contributing to total revenue.
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