GCSE Business Studies - Finance

Some revision notes on the topic of Finance, for GCSE Business Studies, also includes links to online quizzes.

HideShow resource information
  • Created by: Rhys B-M
  • Created on: 05-12-11 13:08
Preview of GCSE Business Studies - Finance

First 212 words of the document:

Finance
Short term sources of finance: Overdraft Facility, Trade Credits, Factoring
Long term sources of finance: Bank Loans, Investors, Shareholders, Debentures, Grants,
Mortgage, Hire Purchase (Leasing)
A creditor is an individual or business that has lent funds to a business and is owed money.
A debtor is an individual or business who has borrowed funds from a business and so owes
it money.
Revenue is the total amount of money a business receives for products and services in a
period of time.
Revenue = Number of Sales x Price
Variable Costs are costs that change with the amount of output produced (eg. Flour in a
bakery)
Fixed Costs are costs which stay the same, whatever the output. (eg. Office Hire)
Profit is when revenue is greater than total costs.
Loss is when total costs exceed revenue.
Losses can be reduced by Cutting Costs and Increasing Revenue.
Quiz on Sources of Finance
http://www.bbc.co.uk/apps/ifl/schools/gcsebitesize/business/quizengine?quiz=sources_of_fi
nancetemplateStyle=business
Quiz on Revenue, Costs and Profit
http://www.bbc.co.uk/apps/ifl/schools/gcsebitesize/business/quizengine?quiz=revenue_cost
_profittemplateStyle=business

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all resources »