Name Some of the Benefits of Using Electronic Direct Deposit

question 41

Essay

Name some of the benefits of using electronic direct deposit to pay employees.

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Definitions:

Fixed Expenses

Consistent costs that do not change in total over a short period, regardless of the level of production or sales.

Break Even

A financial analysis point where total revenue exactly covers total costs, with neither profit nor loss.

Break-Even

The stage at which accumulated costs equal accumulated earnings, leaving no room for profit or loss.

Monthly Dollar Sales

The total value of all sales in monetary terms for a specific month.