Examlex
Describe the comprehensive annual financial report (CAFR)described in the Annual Financial Reports principle.What are the sections of the report and which components of the organization should it include? Is a CAFR required?
Residual Income
The amount of income that an individual or company has after subtracting all costs and expenses, including the cost of capital.
Net Operating Income
The income generated from a company's everyday business operations, indicating the profitability from core operations before interest and taxes.
Contribution Margin
The amount by which sales revenue exceeds variable costs of a product, used to cover fixed costs and generate profit.
Return On Investment
An evaluation metric employed to assess the effectiveness or financial gain of an investment, or to compare the effectiveness among several investments.
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