Examlex
New partners will always be admitted to a partnership at a contribution equal to or greater than the book value of their interest.
Automated Jointer
A machine tool used in woodworking that automatically creates a flat surface along the length of a board or piece of lumber.
Gross Margin
The difference between sales revenue and cost of goods sold, expressed as a percentage of sales revenue, indicating the financial health of sales.
Activity-Based Costing
A costing methodology that assigns the costs of resources to products or services based on the consumption of those resources.
Direct Labor-Hours
The cumulative hours spent by workers directly engaged in the production process, frequently utilized as a foundation for distributing manufacturing overhead costs across products.
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