Examlex
________ focuses on observing and analysing activities as a basis for making a range of decisions,including pricing outputs,deciding on output mix,how to reduce costs,how to improve processes,product design,profitability and customer satisfaction.
Capital Gain
The profit earned from the sale of an asset when the selling price exceeds its purchase price.
Book Value
The net asset value of a company, calculated as total assets minus intangible assets (patents, goodwill) and liabilities.
Income Taxes
Taxes on an individual's or corporation's income imposed by the government.
Modified Accelerated Cost Recovery System (MACRS)
The system of accelerated depreciation allowed for federal tax computations.
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