finance

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retained profit
profit kept in the business after tax and dividends have been paid
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sale and leaseback
selling an asset such as a building to a leasing company and paying an annual leasing charge so that asset can be used
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profit and loss account
this shows wether the business made a profit or loss over the last period, also known as a income statementt
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sales revenue
the value of goods sold x price = revenue
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cost of sales
the cost to the business of the goods sold
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Net profit
the different between sales revenue and cost of making the product sold (gross profit-overheads = net profit)rofit
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gross profit margin
gross profit margin% = (gross profit/sales revenue) x 100)
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balance sheet
this lists the value of a company assets and liabilities
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assets
items of value owned by a business
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liabilities
debts owned by the business
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liquidity
how easy it is for a business to pay short term debts
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Other cards in this set

Card 2

Front

selling an asset such as a building to a leasing company and paying an annual leasing charge so that asset can be used

Back

sale and leaseback

Card 3

Front

this shows wether the business made a profit or loss over the last period, also known as a income statementt

Back

Preview of the back of card 3

Card 4

Front

the value of goods sold x price = revenue

Back

Preview of the back of card 4

Card 5

Front

the cost to the business of the goods sold

Back

Preview of the back of card 5
View more cards

Comments

tillywithwings

Generally good resource, some spelling and information mistakes though. For example 'whether' not 'wether' and liabilities are debts OWED by the business not OWNED. However, the other information seems to be correct. 

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