Business- Break Even 1.0 / 5 based on 1 rating ? Business Studiesbreak evenGCSEWJEC Created by: EllN1Created on: 22-09-16 20:03 What is the equation for total revenue? Selline price x quantity sold 1 of 10 What is capital? Money invested by an owner into the business 2 of 10 What is the equation for profit? TR - TC 3 of 10 What are fixed costs? Costs that don't change when the business changes the amount it produces and sells 4 of 10 What is the correct example of fixed costs? Machinery 5 of 10 What is te correct example of variable costs? Wages 6 of 10 What is TVC? Quantity sold x VC per unit 7 of 10 What is the equation for breakeven? Fixed cost/ (Selline price per unit - VC per unit) 8 of 10 What is TC? FC + TVC 9 of 10 What is margin of safety? Actual ouput - breakeven output 10 of 10
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