Btec business formulas - Study guides, Class notes & Summaries

BTEC Business Studies Formulas and Keywords Unit 2

BTEC Business Formulas

BTEC Business Formulas

BTEC Business Formulas

BTEC Business Formulas

BTEC Business Studies Formulas and Keywords Unit 2 Questions with Answers Revenue - CORRECT ANSWER The money coming into the business Fixed Costs - CORRECT ANSWER Costs that stay the same Variable Costs - CORRECT ANSWER Costs that change with output Total Costs - CORRECT ANSWER = Fixed Costs + Variable Costs Total Variable Costs - CORRECT ANSWER = Variable Cost * Quantity Profit formula - CORRECT ANSWER =Revenue - Total Costs Profit - CORRECT ANSWER Money made by the busin...

BTEC BUSINESS FORMULAS QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

Revenue - Answer- The money coming into the business Fixed Costs - Answer- Costs that stay the same Variable Costs - Answer- Costs that change with output Total Costs - Answer- = Fixed Costs + Variable Costs Total Variable Costs - Answer- = Variable Cost * Quantity Profit formula - Answer- =Revenue - Total Costs Profit - Answer- Money made by the business Budget - Answer- A financial plan for the future Revenue formula - Answer- = Selling price * quantity sold Break Ev...

Net Cash Flow correct answers Total inflows - total outflows Closing balance correct answers Opening balance + net cash flow Sales revenue correct answers price x quantity sold Variable costs correct answers cost per unit x quantity made Total costs correct answers fixed costs + variable costs Profit correct answers sales revenue - total costs Break even point correct answers Fixed costs / contribution per unit Contribution per unit correct answers Selling price - variable c...

BTEC BUSINESS UNIT 3: FORMULAS Flashcards