List Three Benefits of XBRL for Organizations

question 75

Essay

List three benefits of XBRL for organizations.

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Definitions:

Peak Efficiency

The maximum performance level at which a system, process, or machine operates with optimal effectiveness and minimal waste.

Break-Even Point

The level of production or the volume of sales at which total costs equal total revenue, meaning there is no profit or loss.

Shutdown Point

The level of operations at which a business does not generate enough revenue to cover its variable costs, leading to a temporary or permanent cessation of production.

Average Variable Cost

The total variable costs of production divided by the quantity of output produced, representing the cost of producing one more unit of output.