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Describe what is meant by testamentary capacity.
Total Sales
The overall revenue generated from goods or services sold by a business in a specific period.
Variable Cost
Costs that vary directly with the level of production or volume of output, such as raw materials and labor associated with the production process.
Sales Volume
The quantity of products or services sold by a business within a specific period, crucial for assessing company performance and planning.
Net Income
The total profit of a company after all expenses and taxes have been deducted from total revenues.
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