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6. Balance Sheet?
- The statement of the total assets and liabilities of an organisation at a particular date.
- The money displayed on a piece of paper from the previous week.
7. What is Capital?
- Who owns the business
- Wealth in money, or property, owned or employed in a business or by an individual.
- Where your business is placed.
8. Something the business owes is what?
9. Margin of Safety is what?
- The difference between the 'break-even point' and the 'current level of output'
- How safe you can be with your business
10. What are operating costs?
- Costs which operate your yearly income.
- The day to day costs of running the business on a regular basis.
- Costs that you pay yearly
11. What is market segmentation?
- Who you target your products at, with similar interests
- Dividing your products into sections
12. What is a purchase?
- The things you have brought during the year.
- Products you have brought in a day
13. what is sales?
- Income
- The things you buy
14. Give a definition of Closing stock?
- The stock you have left at the end of the year.
- The stock you have brought during the year.
15. Profit?
- When the revenue is more than the expenditure
- Expenditure more than the revenue
16. What is 'the money that the business pays out'?
- Fixed Costs
- Expenditure
- Operating Costs
17. Assets?
- Something owned by right.
- Something you owe
18. Fixed Costs?
- Costs your business pays each month, which stay the same.
- Costs that change each month
- costs that don't move, and you pay yearly
19. Fixed and Variable COsts?
- The money going OUT of the business
- Money coming into a business
20. Revenue?
- MOney coming IN the business
- Money goin gout of a buiness