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What do the following statements do? double[] array;
Array = new double[ 14 ];
Contribution Margin
The difference between sales revenue and variable costs, indicating how much of the revenue contributes to covering fixed costs and generating profit.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent and insurance.
Break-even Sales
The amount of revenue needed to cover both fixed and variable costs, resulting in zero net income or loss.
Variable Costs
Expenses that change in proportion to the activity or volume of production or sales, such as raw materials and direct labor.
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