add_um - commitments and provide a buffer for unknown items...

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the difference between the sales and the production costs excluding overhead , payroll , taxation , and interest payments. Gross margin can be defined as the amount of contribution to the business enterprise, after paying for direct-fixed and direct-variable unit costs, required to cover overheads (fixed
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Unformatted text preview: commitments) and provide a buffer for unknown items. It expresses the relationship between gross profit and sales revenue . It is a measure of how well each dollar of a company's revenue is utilized to cover the costs of goods sold. [1]...
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This note was uploaded on 04/18/2011 for the course ECON 101 taught by Professor Bill during the Spring '97 term at Ohio State.

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