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Explain how on Earth there is no way to "throw away" something and it is gone forever.
Variable Expenses
Costs that change in proportion to the activity of a business.
Fixed Expenses
Expenses that remain constant regardless of the amount of goods produced or sold, including lease payments, wages, and coverage costs.
Net Income
The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenues.
Selling Price
The selling price is the amount a buyer pays to purchase a product or service from a seller.
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