A _______ Is a Collection of Related Data-The Electronic Equivalent

question 15

Short Answer

A _______ is a collection of related data-the electronic equivalent of a file cabinet.

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Definitions:

Desired Profit

The amount of net income that a company aims to achieve within a specific period.

Contribution Margin Ratio

The contribution margin ratio is a financial metric that measures the proportion of revenue that exceeds total variable costs, indicating how much of each sale contributes to covering fixed costs.

Profit-Volume Ratio

A financial tool used to analyze the relationship between profit and sales volume, showing the impact of sales changes on profits.

Unit Contribution Margin

The dollars available from each unit of sales to cover fixed costs and provide operating profits.