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Calculating the breakeven point is a key financial analysis tool used by business owners. Once you know the fixed and variable costs

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An event that is not affected by previous events. Example: tossing a coin. Heads or tails is not affected by previous tosses.

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A variable that depends on one or more other variables. For equations such as y = 3x – 2, the dependent variable is y.

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money received, especially on a regular basis, for work or through investments.

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the cost required for something; the money spent on something.

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s a collection of two or more equations with a same set of unknowns.

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is the ordered pair that is a solution to all inequalities in the system .

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a point of time as measured in hours and minutes past midnight or noon.

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is the monetary value that a company has spent in order to produce something.

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obtain a financial advantage or benefit, especially from an investment.