Examlex
Which one of the following statements about biomolecules is not correct?
Sales Required
The minimum sales needed to achieve a specific financial goal or to cover costs.
Variable Cost
Costs that vary directly with the level of production or output.
Break-even Point
The level of production or sales at which total revenues equals total expenses, with no net loss or gain.
Contribution Margins
The amount remaining from sales revenue after all variable expenses have been deducted, indicating how much contributes to covering fixed costs and generating profit.
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