Business 0.0 / 5 ? BusinessBreak Even Analysis BTEC NationalAll boards Created by: lukeyroweCreated on: 13-12-17 15:41 Gross Profit Amount of profit left after the cost of producing the good or service is deducted from the sales revenue 1 of 12 Net Profit The smaller amount of profit made after all the other expenses are deducted from the gross profit 2 of 12 Capital Income The money invested by the owners or other investors 3 of 12 Revenue Income The money which comes into the business from performing it's day-to-day function 4 of 12 Debt Money owed 5 of 12 Bankrupt The inability to repay debts based upon their previous actions 6 of 12 Solvent The ability to meet day-to-day expenditure and repay debts 7 of 12 Credit rating A score given to individuals on how likely they are to repay debts, the higher the score the less risk 8 of 12 Individual Savings Account (ISA) Type of saving account where the holder is not charged income tax on the interest received 9 of 12 HM Revenue & Customs British government department responsible for the collection of all types of taxes 10 of 12 Fixed Asset (Non-current assets) Items owned by a business that are likely to stay in the business for more than one year, for example machinery 11 of 12 Current Asset Items owned by the business that change in value on a regular basis, such as stock 12 of 12
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