1,3 0.0 / 5 ? Business Studiestopic 1.3GCSEEdexcel Created by: [email protected]Created on: 21-10-21 16:14 what factors influence business objectives size of business competition type of business 1 of 16 what is the equation for revenue revenue = number of sales x sales price 2 of 16 what are fixed costs costs that do not change e.g. rent 3 of 16 what are variable costs changes as company changes output e.g. raw materials 4 of 16 what is the total costs equation total costs = fixed costs + variable costs 5 of 16 what is the profit equation profit = total revenue - total costs 6 of 16 what is the interest equation interest = interest rate x size of loan 7 of 16 what is the break even point when a business revenue is equal to the total costs of a business 8 of 16 what is cash outflow cash going out of the business 9 of 16 what is cash inflow cash going into the business 10 of 16 what is the equation for net cash flow net cash flow = cash inflow - cash out flow 11 of 16 what is a cash flow forecast predicts how much cash will flow through a business over time 12 of 16 what impacts cash flow changes in costs seasonality sales business expansion 13 of 16 examples of short term methods of finance trade credit hire purchases over draft 14 of 16 examples of long term methods of finance share capital retained profit personal savings 15 of 16 closing balance equation closing balance = opening balance + net cash flow 16 of 16
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