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The break-even point (BEP) in economics, business —and specifically cost accounting —is the point at which total cost and total revenue are equal, i.e. "even". In layman's terms, after all costs are paid for there is neither profit nor loss. [1] [2] In economics specifically, the term has a broader definition; even if there is no net loss ...
A sale is a transfer of property for money or credit. In double-entry bookkeeping, a sale of merchandise is recorded in the general journal as a debit to cash or accounts receivable and a credit to the sales account. The amount recorded is the actual monetary value of the transaction, not the list price of the merchandise.
The purpose of the income statement is to show managers and investors whether the company made money (profit) or lost money (loss) during the period being reported. An income statement represents a period of time (as does the cash flow statement ). This contrasts with the balance sheet, which represents a single moment in time.
While January was the "Month of the Rising Market," encouraged by political compromises, an improving employment landscape, and strong corporate earnings, February may be the far less illustrious ...
The Royal Greenwich Observatory in London was chosen as the defining point of the Prime Meridian [155] at the International Meridian Conference in 1884. [156] The United Kingdom lies between latitudes 49° and 61° N, and longitudes 9° W and 2° E. Northern Ireland shares a 224-mile (360 km) land boundary with the Republic of Ireland. [154]
Peak oil is the theorized point in time when the maximum rate of global oil production will occur, after which oil production will begin an irreversible decline. [2] [3] [4] The primary concern of peak oil is that global transportation heavily relies upon the use of gasoline and diesel fuel.
Percentage point. A percentage point or percent point is the unit for the arithmetic difference between two percentages. For example, moving up from 40 percent to 44 percent is an increase of 4 percentage points (although it is a 10-percent increase in the quantity being measured, if the total amount remains the same). [1]
Sales variance. Sales variance is the difference between actual sales and budgeted sales. [1] It is used to measure the performance of a sales function, and/or analyze business results to better understand market conditions. There are two reasons actual sales can vary from planned sales: either the volume sold varied from the expected quantity ...