Examlex
Which of the following is NOT an element?
Contribution Margin Ratio
The percentage of each sales dollar that remains after deducting variable costs, calculated as contribution margin divided by sales.
Net Operating Income
The profit of a business after operating expenses are subtracted from gross income.
Break-even Point
The production level or sales volume at which total revenues equal total expenses, resulting in no net profit or loss.
Break-even Point
The level of production or sales at which the revenues of a business equal its costs, resulting in neither profit nor loss.
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