ETHICS Definition

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ETHICS, in business, are moral and professional principles.

Learn new Accounting Terms

CONTRIBUTION MARGIN PER UNIT, also known as dollar contribution margin per unit, is the selling price per unit minus the variable cost per unit. The "contribution" represents that portion of sales revenue that is not consumed by variable cost, thereby contributing to the coverage of fixed cost.

 

TRADE PAYABLE, also known as an account payable, is an amount owed to a creditor for goods and services received.

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