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Passive voice is acceptable in technical documents if readers do not need to know who or what is doing something in the sentence.
Net Income
The income a company retains after deducting all costs, taxes, and expenses from its total revenue.
Discretionary Fixed Costs
Discretionary fixed costs are fixed expenses that can be adjusted or eliminated without directly impacting the short-term productivity of the business, such as advertising or research and development costs.
High-Low Method
An accounting technique used to estimate the variable and fixed components of a company's costs, based on the highest and lowest levels of activity.
Generally Accepted Accounting Principles
A collection of commonly-followed accounting rules and standards for financial reporting.
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